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Europe

Profits show steep decline at RDM Factors

RDM Factors has reported a 38 per cent fall in full year net profits for 2003. The independent UK factoring and asset finance firm announced that profit for the year after taxation was Ј89,715. In 2002 it was Ј146,831, a...

BoE leaves rates on hold; manufacturers pleased but fear...

The Bank of England has decided to leave interest rates at 4.5 per cent for July. Rates were left unchanged…

#bank#Bank of England#inflation


Alpha Bank reports 34pc increase in factoring

Alpha Bank, the Greek finance group and owner of the country’s largest factor – ABC Factors – has reported a…

#bank#smes


Commercial finance portal appoints relationship manager

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers…

#banks#channel#commercial finance


Chasing unpaid invoices – advice on hand from payments...

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…


Interest rate hike will wreck SME growth, finds UK...

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and…


Slovak exporters to sell receivables to Italian factor

UniBanka will start taking over the receivables of Slovak exporters to Italian customers. The bank will purchase receivables maturing within…


FDA diploma second registration period for 2004 approaches

Developed in association with the Institute of Financial Services (ifs), the FDA Diploma is comprised of two Distance Learning Modules…


Business outlook improving – Ecostat

Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a…

#economic outlook#exports#inflation


CBI questions government commitment to export credit support

CBI director-general, Digby Jones, has questioned the government's sustained commitment to globally competitive export credit support following Trade and Industry…


Rough justice for Dynamic’s shareholders

Shareholders in Dynamic Commercial Finance can be justly peeved by a ruling from the Takeover Panel that has effectively restricted…


RPP interest rate decision announced

The Monetary Policy Council (RPP) has increased interest rates by 50 basis points, which means that the prime indication rate…

BoE defends hawkish stance on interest rates

The deputy governor of the Bank of England yesterday sought to justify the Monetary Policy Committee's approach to raising interest…

#bank#Bank of England#inflation

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