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Europe

Employment in SMEs on rise

Employment within the UK’ small- and medium-sized enterprises (SMEs) is up for the first time since 2001, according to a quarterly survey of 800 SMEs operating in the manufacturing, construction and service sectors. Both the service and construction sectors reported...

CBI reports falling confidence among manufacturing SMEs

Last week, official figures showed Britain's manufacturing industry had recorded its worst fall in output in more than 10 years,…


Insolvencies in the UK Q4 2002

There were 4,323 company insolvencies in England and Wales in the fourth quarter of 2002 on a seasonally adjusted basis.…


Euroges Factoring profitability up 42%

Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…

#insurance#international#international factoring


Penalties beefed up over late payments

Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a…


Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…

#debt collection#i#management


GE's global strategy includes commercial finance expansion

The purchase of First National's consumer credit operation fits with the global strategy of one of the world's largest conglomerates.…


Bankers and lawyers advise investors to flee the retail...

Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors…


Numerica business recovery group awarded ISO 9001: 2000 accreditation

Business services group Numerica Group plc today announced that, following an audit by the International Standards Organisation(ISO), its ISO 9001…

#international#management#risk


First economic indicator of the month

Manufacturing economy contracts more sharply in January as new business falls and capacity is cut. For the first time since…

#economy#inflation#investment


New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29…

#bank#i#interest rate


Experian reports dramatic fall in insolvencies in January 2003

The UK recorded a dramatic fall in business failures in January following the introduction of the new Voluntary Arrangement moratorium…

RBS' invoice discounter poaches GE Capital man

Euro Sales Finance, the invoice discounting and factoring services arm of RBS, has appointed Steve Merchant, ex-regional director of GE…

#commercial finance#invoice#MAN

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