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Europe

Key promotion at Bibby Factors Manchester

Bibby Factors Manchester, a specialist provider of business cash flow solutions, is pleased to announce today that it has promoted Edward Winterton to operations director. As a member of the senior management team, Edward will be responsible for ensuring the...

Fish merchant defrauded factor with fresh air invoices worth...

A Brighton fish merchant who tried to falsely claim more than Ј5.5 million from a finance company by inventing customers…


Fortis looks to new products, markets to halt losses

Fortis Commercial Finance (FCF), the UK factoring and invoice discounting provider, has reported a 122 per cent increase in pre-tax…

#bank#commercial finance#international


SMEs fail to notice taxation changes

Just 7 per cent of SMEs claim to have benefited from this year's Budget, according to a survey of 500…


Base rate cut by 50bps

The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50…

#bank#inflation#international


Risky Business – Protecting your company from fraud

Law firm Hammonds is to present a ‘Fraud in the workplace’ seminar on September 7 in London. The focus of…


Bank to offer SMEs wider credit options

BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and…


SMEs upbeat on output, exports

The Finnish Confederation of Industry and Employers, TT, said its index measuring the business cycle outlook for small- and medium-sized…

#exports#smes


Factors lose out on Parmalat creditor list

Factoring companies that supplied working capital finance to subsidiaries of Parmalat will receive nothing in compensation, according to Enrico Bondi,…


SME profitability hit by rising costs – CBI

The Bank of England's attempts to cool the economy is hampering the recovery of smaller manufacturers, according to a survey…

#bank#Bank of England#economy


Over SKK1.7bn distributed to support SMEs

The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for…

#smes


Small businesses get major banking boost from EU Guarantee...

State bank Bank Gospodarstwa Krajowego (BGK) is launching the EU Guarantee Fund (FPU) which will eventually have a capital of…

Company doubles its funding capability in deal with EUROFACTOR

The Giffen Group, a highly successful and versatile electrical contracting company operating largely in the railway industry, has more than…

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