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Merloni Elettrodomestici SpA said its board agreed yesterday to sell a 40% stake in the factoring company Faber Factor for Ђ4.2m to Fineldo, the holding company of the Merloni family which controls the white product manufacturer. The value of the...
The wave of corporate insolvencies in Germany has ebbed somewhat in the course of this year but could rise again…
#insolvencies#insolvency#insurance
The Better Payment Practice Group (BPPG) has updated the exporting section of its website, www.payontime.co.uk to give businesses credit management…
#exporters#exports#management
CAC Leasing will draw a loan from the European Bank for Reconstruction and Development (EBRD) of Ђ10 m. The contract…
National Bank of Slovakia (NBS) has cut key interest rates by 50 basis points. From Monday, 29 November, the one-day…
Small businesses in the UK are losing a staggering Ј6.5 billion every year due to unpaid invoices, according to new…
#commercial finance#credit protection#invoice
Independent Growth Finance (IGF), one of the country's fastest growing business finance providers, has promoted Mike Bailey to the position…
#bank#IGF#invoice
France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…
#acquisition#bank#investment
Hungarian subsidiaries of Euler Hermes, a big provider of credit insurance and manager of trade receivables, expects to end the…
Tony Supperstone, a leading insolvency and business recovery partner at the Birmingham office of accountants BDO Stoy Hayward LLP, has…
Shares of Euler Hermes, the French credit insurer, lost 4.91 per cent in Paris yesterday, closing at Ђ50.35, after reaching…
The UK will see a significant rise in business failures next year if Gordon Brown does not use the pre-budget…
GMAC Commercial Finance (GMAC CF) has announced the appointment of Paul Morgan to its Manchester office, where he will be…
#cash-flow#commercial finance#invoice