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Europe

Central bank’s surprise interest rate cut

The Czech National Bank (CNB) surprised the market with another 25 bp rate cut. The CNB's board decided to cut the repo rate by 0.25 % to 2.00%, the discount rate to 1.00% and the Lombard rate to 3.00%. The...

Success for Northern Ireland Business Start Programme

The Northern Ireland Business Start Programme (NIBSP) is significantly ahead of its target for business creation. Management consultants PricewaterhouseCoopers estimated…


SMEs see no way out of the trading gloom

Small- and medium-sized manufacturing companies (SMEs) see no end to the difficult trading conditions of the past six years. In…

#economy#interest rates#smes


Eurofactor (UK) announces pre-tax loss in 2002

Eurofactor (UK) Limited, the London-based subsidiary of the French Eurofactor SA factoring and invoice discounting group, has announced a pre-tax…


SMEs to be hit by privacy rules

A leading commercial law firm has warned that new European data protection regulations could prevent many UK small firms from…


Limited company failures deline in July – Experian report

The number of companies failing in the UK continued to decline in July, according to the latest figures released by…


FDA comment on FSA fines for money laundering control...

The Financial Services Authority (FSA) has fined Northern Bank Ј1.25 million for breaches of its Money Laundering Rules across its…


FDA appoints new CEO

Effective 4 August, Kate Sharp has been appointed the new chief executive officer (CEO) of the Factors & Discounters Association…


Fortis Commercial Finance reports pre-tax loss

Fortis Commercial Finance Limited, one of the leading debt factoring and invoice discounting companies in the UK and part of…

#bank#commercial finance#international


Joint Ingosstrakh and Malaysian Export Credit Insurance Corporation projects...

At the Russian-Malaysian business forum in Kuala Lumpur yesterday (5 August), President Vladimir Putin said that the two countries are…

#export credit insurance#forum#insurance


Hampshire Trust Factors Limited profit up 170%

Milton-Keynes-based Hampshire Trust Factors Limited have reported a pre-tax profit of Ј203,365 for the year to 30 April 2003, a…


Better Payment Practice Group responds to Experian research and...

The Better Payment Practice Group (BPPG) welcomes any new research into credit management issues. We would however like to comment…

Five Arrows increase turnover, profits up by 17.5%

Manchester-based Five Arrows Commercial Finance Limited have recorded a 17.5% increase in pre-tax profits for the 12 months to 31…

#commercial finance#invoice

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