LONDON (ShareCast) - Regenesis has established itself as a short term asset finance business, the firm said today, with greater opportunities seen due to the recent credit tightening by mainstream lenders.

The group, which reported an interim loss of £336,000 last September, expects to post a much smaller loss for the six months to 31 December 2007. It lent customers £2.6m in 2007.

AIM listed recruitment company Greatfleet has appointed former Hays and Michael Page man Greg McManus as its managing director.

Greatfleet, which recently completed a placing to raise £1.48m, lost half its value last November after warning that poor trading the month before would cause full year profits to be well below expectations.

China-based mobile phone retailer EBT Mobile reported a narrower full-year pre-tax loss of 12.60m yuan from 18.70m yuan last year, helped by a 27% rise in revenue to 628.1m yuan.

“We believe that we are well placed to benefit from the introduction of 3G services in China which is anticipated in 2008,” said chief executive Zhang Ge.

IFR reported a 37% rise in turnover to €481m in the year ended 31 December and said it remains positive of its prospects despite the challenging situation on the raw material market.

Acquisitive food group expects to generate a turnover of about €780m this year.

“The growth of the group and the integration of the companies we have acquired have met our expectations, despite the difficult backdrop seen both in the financial but also in the commodity markets,” said chief executive Heiner Kamps.

SSP Holdings, which provides IT services to the insurance industry, said its results for the year to March 31 are in line with expectations, with further progress expected in the coming year.

nCipher announced that John McAughtry has been appointed executive vice president of sales for the Americas and that former senior marketing executive for Symantec, PGP and RSA Security, Bryta Schulz, has been hired as vice president of product marketing.

• News Channel