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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, heightening fears over the health of the UK economy. The depressed state of the sector is thought to have been...

SMEs targeted for development

Small- and medium-enterprises (SMEs) could generate 50% of the country's gross domestic product by 2006, up from 42%, if a…


Major International bank emphasises finance to SME's

The Standard Chartered Bank (StanChart) will this year put special emphasis on providing finance to small and medium scale enterprises…


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.…


European Central Bank holds rates steady

The European Central Bank (ECB) kept its powder dry yesterday, holding interest rates steady at 2.75 per cent, but made…


Bank of England cuts rate while ECB holds firm

The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage…

#bank#Bank of England#interest rates


Kaulkin Ginsberg report the second busiest year in accounts...

Kaulkin Ginsberg today announced that with 55 deals completed in 2002, the year was the second busiest ever in Accounts…


Chamber of Commerce seeks Securitisation Act review

The Chamber of Commerce (PHDCCI), in its pre-Budget memorandum, has urged the Government to review the Securitisation Act, provide longer…

#conference#financial institutions#investment


Alliance Entertainment Corp. extends US$135m asset-based credit revolver

Alliance Entertainment Corp. today announced that it has extended the term of its Revolving Credit Facility with GE Commercial Finance…

#BPM#commercial finance#management


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


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…


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

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