All articles by Verdict Staff
Verdict Staff
ZAO AR Carton receive indemnity after mechanical mistake
ZAO AR Carton receive indemnity after mechanical mistake ZAO AR Carton received over nine million RUR (197,000) from IJSC Ingosstrakh as insurance indemnity after a section of Rapida, a sheet-fed offset press, broke down after the press operator made an error.
Movables leasing down 10.8 percent in Czech Republic
Movables leasing down 10.8 percent in Czech Republic The Czech Leasing and Financing Association (CLFA) has reported leasing of movables during H1 of CZK 50bn (2bn), a 10.8 percent drop on the same figures for this period in 2007. It also reported a 19.7 percent volume increase of non-banking consumer loans offered by members, to a level of CZK 26.3bn (1.1bn), and a 39.5 percent growth in corporate loans, to CZK 10.4 bn (0.4bn)
Chrysler exits leasing in the US
Chrysler Financial, the leasing and financing arm of car manufacturing giant, said it is shutting down its auto-leasing business in the US from August 1. This comes in response to the plummeting resale values of gas-thirsty trucks and sport utility vehicles which have proved to have caused big losses for US automakers.
Ex-Barclays director takes the helm at Lombard
Ex-Barclays director takes the helm at Lombard Paul Lynam has stepped down as head of asset finance at Lombard after three years in the post Lynam, who has been appointed chief executive of the UK business banking division of RBS, recently centralised most of Lombards sales staff
HBOS small ticket leasing arm face job cuts amidst restucturing
HBOS small ticket leasing arm face job cuts amidst restucturing Staff at the small ticket asset finance arm of HBOS face losing their jobs amidst a restructuring agenda – announced exclusively to Leasing Life today – that will see this division folded into the banks general commercial team
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New commercial vehicle director at Lex
New commercial vehicle director at Lex Lex, the vehicle leasing company, has announced that Mark Lovett as its new commercial vehicle director. Lovett will be responsible for growing Lexs 37,000 units strong commercial vehicle business throughout the UK, developing the companys sales and marketing strategy.
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