All articles by Verdict Staff
Verdict Staff
Copernicus scoops major Davenham deal
Davenham Asset Finance (DAF) has gone live in the UK with Copernicus Solar and Solar Quote lease systems.The news comes as Davenham Group, a specialist SME lender, has completed an extensive re-branding exercise. The rebranding, according to Ed Jones, marketing manager, is aimed at reinforcing our views that we do not think or behave like a bank.
The leasing market can survive despite being in flux
The leasing market can survive despite being in fluxRecent events in global markets have raised many questions about how the US sub-prime problem has led to concerns about world-wide financial stability. The speed and breadth of the crisis have taken many authorities and analysts by surprise.As the turmoil spread, increased risk aversion, reduced liquidity, uncertainty about the soundness of major financial institutions, question marks over structured finance products and economic uncertainty have been feeding off one another and compounding the overall negative situation.
1pm raises £656,500 in choppy conditions
Small ticket asset finance facilities provider 1pm has raised £656,500, having placed 328,250,000 fully paid ordinary shares at £0.0006818 each.Application has been made for the placing shares to be admitted to AIM trading, expected to commence on 14 August 2008.
Department profiles
Department profilesLEASING LIFES MONTHLY PROFILE OF A DEPARTMENT WITHIN A EUROPEAN LEASING COMPANY
Q2 mixed results for MAN FS and PACCAR FS
eading truck captives MAN and PACCAR have posted better than expected Q2 results in a tough economic climate. German industrial group MAN posted a 39 per cent rise in second quarter operating profit, while its Financial Services division posted a rise in its current asset base from 2.1bn last year to 2.3bn in Q2 2008. For the same period, non-current assets shrank from 770m to 714m euros.
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Driving hard
With the future of commercial vehicle leasing at stake, the British Vehicle Rental and Leasing Association is fighting hard for its members. How far over the top has it gone?. The British Vehicle Rental and Leasing Association (BVRLA), an important body for the UK asset finance industry as it represents, by fleet size, some 65 per cent of the UK commercial vehicle (CV) rental and leasing sector, and whose members lease or rent out some 320,000 vans in the UK, has rarely been greater involved in lobbying than at present.A key activity in recent weeks has been its preparation for the European Commissions Whole Vehicle Type Approval (WVTA) directive, which is to be extended from passenger cars to all commercial and goods vehicles, including vans, trucks, trailers, and some other specialised vehicles.
Micro-ticket Grenkeleasing doubles lease receiveables
With an increase in lease receiveables during the first half of 2008 of 51.6m, almost double what they were during the same period last year, Grenkeleasing retains its reputation as one of Germanys better financial services companies. It has also managed to grow business while passing some of the pain of higher interest rates onto its customers, and also do so in the context of a faltering German economy that, according to analysts, is at its lowest position since 1991.