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Europe

No improvement in plc payment performance

The payment performance of over 2,700 plcs, including some of the UK's largest household names, has been published by the Federation of Small Businesses (FSB). The tables, now in their fifth year, show no improvement in the time it takes...

Atradius opens branch in the Czech Republic

Atardius started operating officially in the Czech Republic yesterday. “We see enormous growth potential on the Czech market as the…

#Atradius#bank#Deutsche Bank


UK corporate profitability achieves best results since 2000 –...

UK Corporate profitability during 2003 has returned to levels last seen at the tail end of the dotcom boom in…

#exports#interest#interest rates


National Bank cuts interest rate

The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent,…

#bank#European Commission#GDP


Parex Bankas forecasts falling profits; will focus on SMEs...

Latvian-controlled Parex Bankas projects a LTL 4.9 million (Ђ1.4m) profit this year, a 19 per cent drop from LTL 6…

#bank#smes


DCD Factors report turnover up 7% in 2003

DCD Factors plc, the London-based factor and invoice discounter, has released results for the twelve months to 31 December 2003…

#bank#invoice


Raiffeisen Bank deal for SMEs

Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and…


Venture Finance expands with launch of Newcastle office

Venture Finance PLC, the asset-based financier, today extends its support for small- and medium-sized companies (SMEs) in the North East…

#insolvency#invoice#management


Scotland’s new debt register costs revealed

Scotland's new Debt Arrangement Schemes will protect creditors from judgment enforcement except in special circumstances. The schemes will apply where…

#WHO


Factoring debt repayment failure led to Mayflower fall

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its…


SME Invoice Finance profits top Ј400k

SME Invoice Finance Limited has announced results for the financial year to December 2003 following their annual audit undertaken by…

#invoice#management


Interest rates left unchanged

The Bank of England has held interest rates steady at 4.0 per cent for the second month running, after a…

Cattles builds corporate team

Manchester based Cattles Invoice Finance has strengthened its corporate team with the promotion of two associate directors. In his new…

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