All articles by Verdict Staff
Verdict Staff
CSI signs Psion Teklogix deal
IT lessor CSI Leasing is to work in collaboration with Psion Teklogix, the handheld computer products manufacturer, to provide lease finance to Psions customers. CSI will offer financing to Psions clients in industrial business to business markets across the UK for the whole product range The lessor is to provide secure financing, backed by more than £802m (958.5m) in company assets, for IT leasing contracts to Psions numerous UK resellers
Global aspiration’ for Bibby FS
Bibby Financial Services (BFS) aspires to become the worlds largest independent factoring company, its CEO David Robertson has said. but I am very proud of the position we have achieved and the high level of customer service delivered to clients whether in domestic markets or trading cross borders.
Lombard solar deal for 6,000 UK homes
Ubi Leasing and Abf Leasing fund construction of two photovoltaic power plants. As mentioned earlier in this issue (see Determining value, DLL takes on energy sector , UniCredit dives into renewables and Leasing could benefit from biogas revolution), the expansion of the green energy sector is providing significant opportunities for lessors with sufficient asset knowledge. It has been reported that UK company Lombard is to finance a multimillion pound package to supply at least 6,000 UK homes with free solar power installations,
Deutsche Leasing to remain steady in Spain and Portugal
Deutsche Leasing is expecting its business in Spain and Portugal in the fiscal year 2009-10, ending 30 September, to stay at about the same level as the previous year, it has been reported. CEO Hans-Michael Heitmueller is said to have stated that the companys business outside Germany could post profits pushing into hundreds of millions of euros.
SFS public sector contracts
Siemens Financial Services (SFS) has recently won two large public sector contracts in the UK The first deal is worth £2.6m (3.1m) with Scotlands West Lothian Council The UK arm of the German leasing company will provide leasing facilities to finance the acquisition of vehicles and grounds maintenance equipment.
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Italy’s lease moratorium scheme extended
Italys Ministry of Economy and Finance, the countrys banking association ABI and employers representatives have agreed to postpone the deadline for the moratorium to 31 January, 2011. The scheme enables firms to obtain a 12-month payment holiday on loans and real estate leasing agreements and a six-month holiday for all other leasing agreements.
Zenith Provecta fleet deal
Leasing and fleet management specialist Zenith Provecta has won a tender to provide UK dairy company Arla Foods with 200 vehicles on contract hire
Siemens ‘to set up own bank’
With the help of a licensed credit institution, Siemens aims to expand the product portfolio of its financial services unit, particularly in the sales finance area, add flexibility to group financing and optimise its risk management, Siemens said, in a statement published in the UKs Financial Times newspaper.
Tallon data: July 2010
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data on the demand for used assets Demand remains steady for good quality late model equipment.
FLA calls on UK government to help SMEs
The Finance and Leasing Association (FLA) is calling on the government to provide incentives to help small businesses invest in new and updated equipment. According to recent figures, nearly a third of smaller businesses are not currently profitable and so do not qualify for existing tax breaks. Making leased equipment eligible for capital allowances would help their potential for recovery, the FLA has said.