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Strong Q2 for LCVs 29 July, 2014 | By Jonathan Minter
The average value for a light commercial vehicles (LCV) in the UK rose 11.9% to £5,460 (€6,901.4) in the second quarter of 2014, compared to the same period 2013, according to British Car Auctions (BCA), with price increases coming from all segments.
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Daimler Financial Services on the up
Monday, July 28, 2014 by Mike Cobb Daimler Financial Services, the finance arm of vehicle manufacturer Daimler, has increased its earnings before indemnities and taxation by 16% in the first half of 2014 compared to the same period in 2013
ABN Amro Lease appoints German MD
Monday, July 28, 2014 by Jonathan Minter ABN Amro Lease has appointed Knut Espeler as managing director for Germany from 1 August in preparation for its domestic launch in the country later in 2014.
US business up 5%: ELFA
Thursday, July 24, 2014 by Jonathan Minter US new business volumes were up 5% year-on-year for the month of June, and up 3% year-to-date, according to the US Equipment Leasing and Finance Association (ELFA).
CIT in $3.4bn OneWest Bank acquisition
Wednesday, July 23, 2014 by Jonathan Minter US commercial lending and leasing service company CIT is to acquire OneWest Bank for $3.4bn (€2.5bn) in cash and stock, after signing a definitive agreement and plan of merger with OneWest’s parent company, IMB Holdo.
The Car Finance Company go commercial and offer shares to staff
Wednesday, July 23, 2014 by Mike Cobb UK based near prime lender The Car Finance Company has launched a new service to cater to SMEs after seven years covering the near and subprime sector in consumer car finance.
UTB appoints asset finance credit manager
Wednesday, July 23, 2014 by Isabella Grotto United Trust Bank (UTB) has appointed Alan Munday to the post of credit manager within its asset finance business.
US confidence remains high: ELFF
Tuesday, July 22, 2014 by Jonathan Minter US confidence in the equipment finance market remained unchanged in July, compared to June, at 61.4 in the US Equipment Leasing and Finance Foundation’s (ELFF) Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
EIB to provide €30m to Romania's BCR Leasing
Tuesday, July 22, 2014 by Isabella Grotto The European Investment Bank (EIB) is to lend €30m to BCR Leasing, a member company of Banca Comerciala Romana Group.
Cabot invests £25m in Henry Howard Finance
Monday, July 21, 2014 by Jonathan Minter Updated: 23/07/2014: Financial services private equity investor Cabot Square Capital has invested £25m in Henry Howard Finance (HHF), in order to enable it to increase its provision of finance for SMEs.
BOE: bank alternatives an increasing source of finance.
Monday, July 21, 2014 by Jonathan Minter Non-bank alternatives are becoming an increasingly important source of finance for some firms, according to the Bank of England.

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