All articles by Verdict Staff
Verdict Staff
Philips Medical consolidates
Philips Medical consolidates Philips Medical, a medical device company that specialises in manufacturing, financing and marketing healthcare equipment, has created a single global sales and service organization to ensure alignment with its customers and markets. The company, which is a part of Royal Philips Electronics, produces technologies such as x-ray, ultrasound, magnetic resonance, computed tomography and nuclear medicine As well as offering financial services such as leasing, Philips Medical also provides business consultancy, and training and educational services
Asset sales
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data on the demand for used assets
King Sturge makes record growth for 2008
King Sturge Plant & Machinery, part of the King Sturge international property consultancy, announced a volume of £17m in machinery sales for year-end April 2008, up 35 per cent on the previous financial year
Cardif makes new appointment
Cardif Pinnacle, part of the worldwide BNP Paribas Assurance Group has appointed a new chief operating officer, Bob Silverman. Silverman, who previously had senior interim management positions with Applegate, Manpower and Lloyds of London, will be responsible for Cardif Pinnacles information technology, administration and project management functions Prior to his current role, Silverman was also CIO at Spring plc, IT director with Hays plc and a director of strategy, systems implementation and consulting group known as Management Solutions at Deloitte & Touche
New head of asset finance at Barclays
A senior member of the Barclays Asset & Sales Finance (BA&SF) part of the Iveco Finance management team has accepted a considerable promotion within the UK bank. David Nield, the former deputy chief executive of Iveco Finance, has been promoted to head up the asset finance arm of BA&SF, and to be part of the Exec team reporting direct to Ian Stuart, managing director of BA&SF.
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Frontline’s DealTrack product now installed in 30 lease brokerages
From a standing start five years ago, Frontline Solutions UK, headed by managing director Andy Shuter, has implemented its principal product, DealTrak Broker, into around 30 brokers
Car leasing market in Latvia corrects itself
Latvias car leasing market has regained its balanced long-term growth, according to Nordea Finance Latvia Leasing
KBC reports 44% fall in Q1 profit
Its net profit for the first quarter of 2008 was down 44 per cent to 554m, compared to the first quarter in 2007 and its underlying profit came to 573m, also down 22 per cent on the first quarter in 2007 and down 15 per cent on the previous quarter
Upturn at Cisco Cap linked to easy lease product
Finance captive Cisco Capital has attributed the companys significant profit and turnover contributions it has made to its parent company, Cisco Systems, to its easy lease product Guy Smith, marketing manager for Cisco Capital in Western Europe, said: We are recognising in excess of 30 per cent growth year-on-year in the Western European markets since the launch of the easy-lease product. Focused on the SMB and mid-market space, Cisco Capitals easy-lease product offers 0 per cent financing for those companies that need to acquire technology immediately without a large initial outlay
Handels Finans in tendered biofuel deal
Handelsbanken Finans continues to show its green credentials with a 200m lease and loan financing for a power plant in Finland The deal, which follows similar- sized ones in terms of value and type, involved financing being provided through Handelsbanken Finans Swedish branch and the structuring and client liaison taking place in Finland