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UK

Lloyds TSB takes over HBOS

The immediate effect is that Lloyds TSB effectively has increased its UK market share from... (more…)

Outlook worsens as slowdown takes hold

The global economic slowdown has further depressed manufacturers order books and output growth expectations, the latest CBI Industrial Trends Survey…

#bank#Bank of England#inflation


Ultimate Finance FY pretax profit falls on restructuring, severance...

Ultimate Finance Group Plc. reported a smaller full-year pretax profit even as revenues rose marginally (more…)


BBA reports small business borrowing increased in 2008

Banks are still lending money to small businesses despite the effects of the credit crunch, a report has revealed. (more…)


Cattles PLC “considering sale” of business finance division

Cattles PLC is considering the sale of its business finance division Cattles Invoice Finance to focus further on its main…


UK firms seek alternative financing solutions as crisis worsens

As the credit crisis worses UK firms are actively seeking sources of alternative finance, according to survey conducted by Siemens Financial Services…


Bibby Financial Services refocuses its leasing division

Bibby Financial Services has announced that it is restructuring its leasing division to refocus its efforts on its core business…


UK businesses look abroad amid economic uncertainty

An HSBC Commercial Banking report has revealed that four in five businesses (81 per cent) in the UK plan to…

#commercial lending#international#payment terms


Asset based finance becomes main lender for UK companies

In the UK and Ireland, as well as the rest of the world, traditional bank funding is suffering at the…

#asset based finance#bank#banks


Platinum Funding announce first success story with UK operation

Platinum Funding UK Limited have announced the completion of a factoring facility for Hoarding, Fencing Decking (HF D), an Essex,…

#cash-flow#funding#i


SME confidence remains stable

Confidence levels amongst Britain's small business owners have stayed at the same level for two quarters in a row -…


Money owed to SMEs leaps to GBP 18.6bn

Britain's SMEs are owed a massive GBP 18.6bn in outstanding payments according to research commissioned by Bacs Payment Schemes Limited.…

#invoice#late payment#payment practices

Economic downturn causes increase in purchase of trade credit...

Companies are increasingly buying trade credit insurance to help protect them during the economic downturn, the Association of British Insurers has…

#insolvencies#risk#small businesses

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