All articles by Verdict Staff
Verdict Staff
Peter Middleton is Syscap executive chairman
Middleton joins Syscap with a CV notable for a series of high profile positions in the financial services sector
FLA members escape economic woes
According to FLA figures for 2007, FLA members wrote up to £93bn in new business, £28bn of which was contributed to the UK business sector and public services; representing about 30 per cent of all fixed capital investment in the UK in 2007
Challenges of internationalism
Following recent UK tax changes, cross-border leasing out of the UK has become increasingly popular, especially within the European Union By definition, cross-border transactions involve more than one jurisdiction and each jurisdiction will have its own body of law Therefore the interrelationship between the laws of the different jurisdictions of the parties to the transaction alongside the proper law of the contract itself, and an analysis of the countrys tax position are important considerations
Leasing unpopular in Bulgaria, study shows
Leasing services are still not a mainstream option for Bulgarian businesses despite the robust development of the market, a survey commissioned by Raiffeisen Leasing has found According to a Reuters news report, GfK Bulgaria conducted the survey which polled vehicle, construction and transportation equipment vendors based in Sofia, Plovdiv and Varna last December.
CIT Group closes 2007 with $111m net loss
CIT Group Inc reported January 17, a net loss of $130.7m or 69 cents per share in the fourth quarter ended December 31 2007, as it increased reserves for credit losses and took charges relating to home loan receivables and its student lending business
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MAN FS sets ambitious growth target amidst business boom
MAN Financial Services has launched a new marine mortgage product in the UK amidst reports that it is benefiting from the credit crunch
State Securities beefs up print division with new hire
Southampton-based asset funder, State Securities has appointed Philip Neave as a printing equipment specialist
Russian Railways plans ?11.25bln capital spend in 2008
Russian Railways plans 11.25bln capital spend in 2008 Russian Railways will raise its capital investment budget on rail infrastructure to over 400bln roubles (11.25bln) in 2008, its president Vladimir Yakunin said
Not for sale
Firstly, the annual results to June 2007 revealed a highly successful trading year, with a 33 per cent increase in loan portfolio to £248m (2006: £187m), turnover up 18 per cent to £38.7m (2006: £32.7m) and adjusted pre-tax profit up 14 per cent to £12.3m (2006: £10.8m).
Sub-prime director ordered to pay debts to ING Lease
Sub-prime director ordered to pay debts to ING Lease ING Lease has avoided not being repaid debts totalling hundreds of thousands of pounds following a major court victory last month The High Court dismissed a claim from a former client of ING Lease, Philip Harwood, chief executive of Homebuy Group PLC, a TV rental company, that he was personally liable for only some debts owed to the leasing company.