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Tyco to Buy CIT

It was announced yesterday that the Bermuda based conglomerate, Tyco International Ltd, plans to move into the financial services market. The company, which is currently mainly associated with services and manufacture, has declared its new ambition by entering into an...

Norwegian Government Sells Stake in Den Norske Bank

The Norwegian government is divesting a 13.4% stake in Den norske Bank, parent company of one of the Norwegian factoring…

#bank#international


Cattles Announces Placing

Cattles plc (formerly Reedham Factors) has announced that it intends to place an additional 14 million shares at a minimum…


Government Lifeline for Struggling Small Business Community

The Chilean government has launched an initiative designed to help small businesses refinance their debts and rekindle investment. A US$2bn…


Growth of Manufacturing Continues into Fourth Month

Recording a level of 52.1 in February, the seasonally adjusted Purchasing Managers’ Index (a composite index designed to provide an…


Agricole Increases Stake in Comit

The French Bank Credit Agricole, owners of the French factoring company Transfact, has acquired 21million shares (equivalent to 1.2%) in…

#bank#Credit Agricole#Italian factoring


Germany is Europe’s Fastest Bill Payer

A survey conducted by Dun & Bradstreet, the business information group, has shown that German companies on average are the…


Singer & Friedlander to be Taken Over?

Rumours have emerged that the Singer & Friedlander Group, owners of Singer & Friedlander Factors Ltd, are about to succumb…


Bank of England Votes to Maintain Interest Rates

The Bank of England's Monetary Policy Committee today voted to maintain the Bank's repo rate at 5.75%. The minutes of…

#bank#Bank of England#interest


New Sales Manager for Bibby Factors Bristol Ltd

Bibby Factors Bristol Ltd, part of the Bibby Group of Factors (the largest non-bank owned factoring organisation in the UK),…

#bank#BCR Publishing#cash-flow


Natwest Launch Committed Overdraft

From today, Natwest’s small business customers can benefit from a clear overdraft commitment of up to 12 months with the…


Financiers Back Single Market

Leading European banks and insurers have formed a discussion and lobbying group to support the completion of the single market…

#Allianz#bank#Deutsche Bank

Singer & Freidlander Factors Ltd’s Annual Accounts Released

Singer & Freidlander Factors Ltd today released their annual accounts for the year ended 31 December 2000. Turnover has fallen…

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