IFG Group, the financial services company, has acquired 76 per cent of Financial Tradeline, another financial services company, for up to £580,000. The consideration will be paid in a number of tranches up to June 2000, based on targeted earnings.

Financial Tradeline was set up in May 1995 and its main activity is the provision of products which improve profitability and cash-flow without the provision of collateral.

It generated a profit before tax of £46,096 in the six months to October 31st 1998. Its net assets amount to £67,084.