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Cattles “confident” of securing funding needs for 2008

Specialist consumer lender Cattles is today moving to reassure that it had seen a strong start to the year and was on top of its funding needs despite the credit crunch.

The firm, based in Batley, West Yorkshire, said it is “confident” of being able to raise the remaining £100m needed for its 2008 funding targets.

The group last month said it was making a £200m cash-call to shareholders to bolster its finances amid the crisis in credit markets.

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