All articles by Claire Hack
Claire Hack
In good shape
Hospitals and other medical organisations are becoming ever more reliant on health care finance in the wake of swingeing cuts to budgets and capital shortages Claire Hack goes behind the scenes on Europes leading health care lessors in a unique analysis of this burgeoning marketplace.
Mastering IT lifecycle
Claire Hack speaks to Cisco Capital, Dell FS and Computacenter on how its done best. IT finance continues to enjoy solid popularity as the ever-changing nature of technology forces businesses to become more cost effective in order to keep up with new developments.
Strong demand drives forward vendor finance
A number of lessors working in the health care segment are now offering vendor finance programmes. Among these is Dutch lessor De Lage Landen (DLL), whose health care business is focused on vendor finance programmes, says Steve Riggs, president of the global business.
Romanian leasing down in Q1
Romania’s Financial Companies Association (ALB) has announced a 32% drop in leasing contracts signed by its members, down to a combined value 235.7 million in the first quarter of 2010 compared to a year earlier. About 97% of lessors operating in Romania are members of the ALB, and the remaining signed leasing contracts worth an estimated 7.1 million in the first quarter of this year. Motor vehicle leasing remained the most attractive for financial companies, accounting for 59% of the total market last year, followed by real estate leasing at 27% and equipment leasing at 14%.
Nordea Finance aims high in Baltic states
Scandinavian lessor Nordea Finance has set its sights on becoming the leading leasing and factoring provider in the Baltic states by 2012, it was reported. Nordea Finance Latvia CEO Ivars Smits made the announcement at a news conference on 25 May.
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Avolon reach agreement to buy leased aircraft
Irish aircraft leasing group Avolon has entered an agreement with Dutch aircraft leasing company AerCap Holdings NV to buy six Airbus A320 aircraft
Glasgow dairy signs sale-and-leaseback deal with SGEF
Glasgow-based dairy producer Robert Wiseman Dairies has agreed a sale and leaseback deal for its processing and packing equipment. The agreement with SG Equipment Finance raised a total of about £45.3 million (53.5 million) for Wiseman.
Leasing upturn but industry still suffering, says FLA
Investment by British businesses using asset finance is seeing the first signs of an upturn, according to figures published by the Finance & Leasing Association (FLA). A total of £1.7 billion (1.97 billion) of asset finance was provided, compared to £1.5 billion in March last year, to fund equipment such as manufacturing plant, computers and company vans
Leaseurope repeats pleas as new lease accounting model discussed
Leaseurope continues to try to persuade the IASB and FASB to come up with reasonable proposals for future IFRS leasing accounting. The two boards held meetings this week and the IASB has said it will consider a hybrid approach which could see lessors applying to five accounting models. Leaseurope, which represents the industry in Europe, claims this appears to be the result of yet another attempt by standard setters to come up with quick-fix accounting to reach converged IFRS and US GAAP approaches under unrealistic timeframes.
Stagecoach signs hire purchase deal
Public transport operator Stagecoach has this month (May) signed a £5.8 million (6.7 million) hire purchase agreement for 36 double decker buses.