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PMI Report Shows UK Entered Recession in August

UK manufacturing economy enters recession in August for the second time in three-and-a-half years. The latest seasonally-adjusted Purchasing Managers’ Index (PMI – a composite indicator designed to provide an overall view of the manufacturing economy), published by the Chartered Institute...

#cash-flow#economy#investment

Eurofactor (UK) Comment on their Return to Profit in...

Eurofactor (UK) Ltd, the company formerly known as Credit Lyonnais Commercial Finance Ltd, have recorded a return to profit in…

#BCR Publishing#commercial finance#insolvencies


Companies Taking Longer to Pay Bills than when Legislation...

Many companies in the UK are delaying payment of their invoices as a means of bolstering their cash flow as…

#cash-flow#Jobs#late payment


City Invoice Finance Break into the Profit Zone

The annual accounts for the factoring company City Invoice Finance Ltd for the year ended 31 December 2000 record that…

#bank#invoice#small business


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…

#Factofrance#Two


Continued Growth in Banks' Services for Small Business

Borrowing by small businesses rose by an underlying Ј1.0 billion (+3%) in the final quarter of last year. This was…

#bank#banks#small business


Germany’s DG Bank and GZ Bank to Merge

DG Bank, which owns the factoring company DG Diskonbank, is to merge with GZ Bank, it was agreed on Tuesday.…

#bank#banks#Rabobank


Asta Funding Reports 45% Increase in Net Income in...

The financial services company, Asta Funding Inc., which specialises in factoring as well as the purchase, liquidation and management of…

#financial services#funding#management


Close Invoice Finance Limited’s Annual Accounts Released

Close Invoice Finance Limited today released their annual accounts for the year ended 31 July 2000. Turnover has risen by…

#BCR Publishing#invoice#Two


Southwest Financial Inc. Executive Pleads Guilty to Fraud.

An executive with a Little Rock, Arkansas factoring company, Southwest Financial Inc. pleaded guilty to conspiracy and eight counts of…

#bank#banks#Two


Canbank to Introduce Export Factoring Service Today

India’s largest player by market share, Canbank Factors, will be launching their new export factoring service today in Bangalore. Domestic…

#bank#BCR Publishing#international


FCI and IFG to Merge

It was revealed to factorscan today that Factors Chain International and International Factors Group are to merge. Details of the…

#BCR Publishing#international#international factoring

Fortis to Acquire Netherlands Based ASR

Fortis, the Belgian/Dutch financial services company, has made a €4.1 billion ($3.6 billion) bid for the Netherlands based insurance company…

#acquisition#financial services#insurance

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