All articles by Georgina Lavers
Georgina Lavers
Should we stay or should we go?
Arval and Alphabets fleet services are strengthening their hold on small European countries Georgina Lavers reports that a little competition is welcome in the lesser European markets. Two major fleet companies have expanded their services into small European markets.
Angel Trains completes £131m deal
The new rolling stock contract will see Siemens plc manufacture ten trains to strengthen the existing London Midland fleet, and ten trains to First TransPennine Express (TPE) The new electric vehicles will be employed to strengthen London Midlands existing commuter services into London and along the West Coast main line, while TPE will use the trains on newly electrified services between Manchester and Scotland, once electrification schemes are completed by Network Rail.
Business increases as confidence creeps up in US leasing
New business volume in US equipment leasing was $5.1bn (3.8bn) in January, a 21% increase year-on-year and down 53% from the previous month. The figures come from the latest Monthly Leasing and Finance Index from the Equipment Leasing and Finance Association (ELFA) which said the monthly drop in volumes was down to a typical end-of-year spike in business, reaching $10.8bn in December.
Kennet Equipment Leasing expands sales team
The company, which saw 44% growth in value of new business in 2011, has internally promoted Adrian Lamb to sales director, with Adam Williams and Maurice Muchinda joining the sales force Steve Swift, Kennets chairman, said: Our results have shown that if we do the job to the best of our ability, dont get complacent and keep our morals, ethics and professionalism, then people and businesses want to deal with us
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Five more for Hilton-Baird
Alex Dawson, Andrew Kelly and Clyde Riggs have been hired as funding consultants, with Nick Sanleandro and Patrick Bunnage acting as funding executives Dawson and Kelly join Hilton-Baird with experience in advertising and the logistics sector respectively
Kindness joins Aldermore Structured Finance
UK bank Aldermore has appointed Neil Kindness as associate director of structured finance, to be responsible for deals in both London and Scotland Kindness joins Simon Maddocks and Peter Raybould in the structured finance team, currently led by Ian Flaxman The team will be developing structured finance deals for UK SMEs with borrowing requirements between £2m and £12.5m.
Liscor helps Hypo Vorarlberg to go Forward
Italian leasing software provider Liscor has rolled out its Forward software system to Hypo Vorarlberg Leasing, the Italian lessor owned by the Austrian bank Hypo Landesbank Vorarlberg
UniCredit Leasing funds ?73m to Netinera Deutschland
German rail and road operator Netinera Deutschland has purchased 11 new trains for regional transport with 73m in funds from UniCredit Leasing Netinera Deutschland, a subsidiary company of the Italian State Railways, hopes that the acquisition would strengthen their fleet, which is currently the second largest private operator in the German market. The agreement is split into two leasing contracts lasting 11 and 10 years respectively, for three GWT diesel-powered trains and eight double-decker trains powered by electricity, all produced by Swiss rail manufacturer Stadler.
Leasing profit up 60% at BNP Paribas despite Greek exposure
Profit was up nearly 60% for the leasing sector of BNP Paribas despite a sharp drop in income for the banking group as a whole due to exposure to Greek debt. The French banks Equipment Solutions sector generated 629m in pre-tax income for 2011, up 58.4% from the 397m generated in 2010 The fourth quarter was the lowest quarter in terms of pre-tax income; totalling 119m, a drop of 27m compared to the third quarter