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Europe

Former Versailles director 'drained account'

Fred Clough, former finance director of Versailles, has admitted siphoning money out of the trade finance group and channelling it to foreign bank accounts. A jury at Southwark Crown Court yesterday heard that Mr Clough repeatedly flew to Switzerland to...

#bank#trade#WHO

SME factories see a bright future – CBI

The Confederation of British Industry (CBI) survey shows that orders are rising for the first time in three years, while…

#economic recovery#Jobs#smes


Hungary brings in 1.49 billion euros in FDI in...

Hungary attracted Ђ1.494 billion in foreign direct investment (FDI) in 2003, according to preliminary figures released by central bank (MNB).…

#bank#economy#exports


Profit of Unibanka at LVL 13.3 million in 2003

Latvijas Unibanka achieved a profit of LVL 13.309 million in 2003, down 2 per cent from 2002 when it reached…


Hansabankas profit up 21.6 per cent

Lithuania's Hansabankas earned a net profit of LTL 61 million last year, up 21.6 per cent from LTL 50.1 million…


Banks target SME sector

The European Commission in a report last year criticised Central and Eastern European countries for the state of the small-…


Fortis Commercial Finance appoints new client relationship manager

Fortis Commercial Finance has announced the arrival of Evette Martirossian into its Client Relationship Team. Evette joins as client relationship…

#bank#commercial finance#insurance


Factoring – Is this the finance option for your...

Karan Bilimoria, the founder of Cobra Beer, is a cheerleader for factoring, which he says is ideal for an ambitious…

#bank#commercial finance#debt collection


Loan scheme's effectiveness to be probed

The government will today launch a nationwide review into the effectiveness of its small firm loans guarantee scheme following concern…

#bank#Bank of England#debt finance


A simple step to help us love insolvency practitioners

Insolvency practitioners are the SAS of the accounting profession. The most exciting moment of the day for many accountants comes…


Aston Rothbury Factors profits soar in 2003

Brentwood-based Aston Rothbury Factors Ltd has recorded a pre-tax profit increase of 308% at Ј262,625 for the year ending 31…

#AR#bad debts#i


Mixed profits for UK businesses – Cattles SME survey

A recruitment company in the North West was the best business to have if you were looking to increase your…

Bibby Factors appoints new operations director

Bibby Factors based in Slough and Bristol, a specialist provider of business cashflow has announced the appointment of Bobby Lall…

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