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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 Enterprise London, part of the GLE Group, from raising its hostile bid. The Panel decided that a deal between Enterprise...

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


Abbey sells Ј12m invoice discounting portfolio

Five Arrows Commercial Finance, the UK invoice finance firm, has bought the invoice discounting portfolio of Abbey Business, adding 50…


GE Commercial Finance completes leasing takeover

GE Commercial Finance (GECF) has completed the acquisition of office equipment finance group IKON Office Solutions, with the purchase of…

#acquisition#commercial finance#financial services


Fed raises rates for first time in four years;...

The Federal Reserve raised interest rates by a quarter point to 1.25 per cent this week, the first increase in…


Coface to cover Ђ100m French-Russian credit line

Coface, the credit insurer, has said it will insure a Ђ100m credit line for the financing of French exports to…

#bank#exports#guarantee


Russian bank to start factoring service in China

Russian banking group, Promsvyazbank, will open an office in China at the beginning of this month, the bank's Vice President…

#bank#Bank of China#conference


Karaoke machine maker to consider factoring

The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling…

#capital requirements#management#receivables


Country’s third largest factor receives ratings boost

Grupo Security, the financial services conglomerate and owner of Factoring Security, the third largest factor by market share in Chile,…

#bank#bonds#financial services


Credit insurer and factor back to profitability

Atradius, the credit insurance and credit management firm, with an estimated 25 per cent world market share, has reported a…

#Atradius#management#receivables


Germany and France lead Europe…with insolvencies

Euro 2004 hosts, Portugal, have witnessed the highest increase in business insolvencies compared to the rest of Europe – according…

#exporters#insolvencies#insolvency

Value-added of SMEs grows 11.8 %

More productive labour in 2003 helped push growth of value-added of small- and medium-sized enterprises (SMEs) to surpass that of…

#exports#smes

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