All articles by Verdict Staff
Verdict Staff
Potential Finance expects strong results in vehicle rental
Potential Finance Groups plans for strong future trading prospects in the vehicle rental market are a reality, after its light commercial vehicle rental business, Potential Vehicle Hire reported significant growth over the last six months
Microsoft plans to increase financing by 60%
Microsoft Financing plans to increase the amount it finances for certain purchases by 60 per cent, with expectations to issue $1.25bn (£0.65bn) in loans for 2008, up from $780m (£390m) it made in 2007
Hansa Lizing sets record growth in Baltics
Hansa Lizing posted profits exceeding 12m for 2007 in both its Latvian and Lithuanian units for 2007, while the parent financial group, Hansabankas, grew by 19 per cent in net earnings for the first quarter of 2008 Latvias largest leasing company, Hansa Lizing, posted profits of 12.1m for 2007, a 16 per cent increase from 2006, according to financial data from Latvian official daily, Latvijas Vestnesis
DLL completes Hungarian acquisition
De Lage Landen, the international asset finance specialist, has made the successful strategic move into growing segments in Hungary, following its completed acquisition of Hungarian Siemens Leasing Kft and Siemens Finance Zrt, both subsidiaries of Munich-based Siemens Finance and Leasing GmbH Both companies’ names have been changed to De Lage Landen Finance Zrt and De Lage Landen Leasing Kft respectively and offer DLL the opportunity to expand in the office equipment, technology finance, materials handling & construction equipment, food & agriculture and healthcare sectors
New entrants compete with UK franchise operator dominance
Open-access operators in the UK look set to launch fresh passenger rail services this year and next that will compete with the corporate clout of the countrys franchise operators
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ABN AMRO factoring unit let go
Fortis and ABN AMRO have started shedding parts of ABN AMROs commercial banking activities in the Business Unit Netherlands, which includes its factoring company IFN Finance B.V., Hollandsche Bank Unie N.V., two corporate clients units and 13 commercial advisory branches
STAFF MOVES FROM ACROSS EUROPE
BARCLAYS ASSET & SALES FINANCE Imran Altaf has joined Barclays Asset & Sales Finance as an asset manager
GE’s TIP wins P&O Ferrymasters deal
P&O Ferrymasters has appointed GEs TIP Trailer Services to maintain its fleet of 1,500 trailers in a six-year contract The impact of this on our daily operations will be huge, explains Bas Belder, managing director of P&O Ferrymasters, citing the reduction in downtime of the trailers as one main attraction of the deal
Cattles steers clear of market pressures
Despite its volatile home market in debt recovery and lending, Cattles Plc announced a pre-tax profit increase of 24.9 per cent to £165.2m, underpinned by strong income growth of 32.7 per cent for year-end 2007
Steering clear of bumps ahead
But for Adrian Anthon, managing director of Kingsway Finance & Leasing Plc, down cycles are an economic fact of life to be taken in stride and sometimes, buffered with a little luck.