All articles by Verdict Staff
Verdict Staff
Basement talk – November 2010
Hair shirts all round at the Leaseurope convention in Hamburg, where a curious one-upsmanship (or is that one-downsmanship?) took hold among the leaders of some of Europes top lessors. De Lage Landen CEO Ronald Slaats started it, explaining how costs at his company had been cut through a process which included Slaats taking a lower salary than his predecessor. Not to be outdone, Jean-Marc Mignerey of SG Equipment Finance quickly pointed out that his own salary had been voluntarily reduced before the banking crisis.
Letters to the Editor: October 2010
Comments from Leasing Life, the journal for asset finance, LinkedIn group The days of stack it high and sell it cheap maybe over for a while
Top lessors ranked for 2009
Leaseurope has released its ranking of the top European leasing companies for 2009, with some notable changes to the top 10. UniCredit Leasing lost its 2008 number one ranking in terms of new business in Europe, dropping to fourth place in the table. BNP Paribas Equipment Solutions took the top spot, with about 12.5bn of new business written in Europe in 2009, while SG Equipment Finance moved up to second place and Deutsche Leasing came in third.
Leasing Life Awards 2010: Rewarding excellence
The special guest category, the Italian Lessor of the Year Award, is presented in honour of the host country.
Tallon data: October 2010
UK demand declining as the majority of manufacture is carried out in the Far East
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Basement talk: October 2010
Every panda in every zoo worldwide is held on lease from the Chinese government, costing keepers between 700,000 and 1.2m a year Whats more, like most lessors, the Chinese government has been prepared to negotiate with customers in a time of economic hardship.
Sharing tip-offs about fraud saves lessors millions
The Finance & Leasing Association(FLA) Credit Communities Service was launched by the FLA in conjunction with operator Dun & Bradstreet (D&B) in April 2009, with the aim of giving FLA members a secure and discreet way of alerting each other to suspicious potential customers. This year the service expanded to include members of the Asset Based Finance Association, on the basis that a potential fraudster approaching an asset finance company might well go on to approach an ID or factoring provider, or vice versa.
UniCredit targets EUR550m to SMEs
UniCredit Leasing will get 550m from the European Investment Bank (EIB) to support small and medium-sized enterprises and renewable energy projects. This is the latest credit line granted directly to the UniCredit subsidiary by the EUs long-term lending institution
Daimler does German logistics deal
The worlds largest truckmaker signed a general agreement with Duisburg-headquartered Lehnkering at the end of July for the delivery of 220 Mercedes-Benz Actros trucks over the next four years, ending in 2013
Plant and machinery prices snapshot 2010
Euro Auctions, the UKs largest specialist auctioneers of plant, commercial, and industrial equipment, provides a snapshot of prices for heavy plant and machinery. At Euro Auctions sales in the UK and Germany during the first half of 2010, it became apparent that a recovery is underway in the plant market In some cases and on certain items of plant, prices have recouped to within 10% of where they were before prices crashed in 2008.