All articles by Georgina Lavers
Georgina Lavers
Microlease recognised again for profit growth
UK-based test equipment lessor Microlease has been listed in the Sunday Times Buyout Track 100 for the third year running The league table, compiled annually for the last 15 years by research firm Fast Track, ranks Britains top performing private equity-backed companies by fastest-growing profits, measured over the last two financial years. Microlease leapt 12 places to number 72 in the new table, having been one of only 20 companies to have stayed in the table for the last 3 years
Fleet managers reluctant to go green
The last of three reports, based on a survey of fleet decision-makers from across UK industry and the public sector by the BMW-owned company, found that 62% of private sector fleet managers have not set environmental targets for their fleets
Growth confidence is deceptive in US leasing
The US equipment finance industry had increased confidence for January 2012, although many lenders reported that growth in the sector was not indicative of the industry as a whole Leasing body the Equipment Leasing and Finance Association (ELFA) released their January 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), which found that confidence in the equipment finance market is 59.0, an increase from the December index of 57.2
Profit at Siemens FS bucks downward trend
The electronics and electrical engineering company recorded a significant loss in pre-tax profit, down to 1.8bn in the first three months of fiscal 2012 (30 September 2011 to 31 December 2011) from the 2.6bn seen in the first three months of fiscal 2011
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Leaseurope survey predicts shaky 2012
Confidence is down among leasing professionals across Europe, despite the majority expecting increased new business in the first half of the new year, according to Leaseurope. Together with equipment leasing and asset finance consultancy Invigors EMEA, Leaseurope has published results of the December 2011 European Business Confidence Survey The joint survey measures the expectations of European leasing professionals over the coming six months and is a continuation of the confidence survey run by Invigors since 2008.
Asset finance at all-time high, says FLA
Asset finance has surged in popularity with new business totalling almost £1.9bn in November 2011, the Finance & Leasing Association (FLA) has stated New figures from the FLA show that overall new business in asset finance showed a 29% increase on the same month in 2010
Max Fraser jailed for £110m lease scam
Former company director Max Fraser has been jailed for nine years after tricking more than 20 financial institutions to loan over £110m for plastics machinery that did not exist. Leicestershire Police spent four years investigating Fraser to get to the bottom of what they described as an extremely complex fraud, which started in 2001 Fraser persuaded banks and institutions to finance leases for 700 machines, of which only 111 actually existed
Deutsche Leasing holds steady in 2011
Deutsche Leasing (DL) recorded slow growth at the end of their fiscal year, with total new business of 7.9bn recorded for the full year ending September 30th 2011
Lessors look to manage risk in 2012
Risk management will be the most vital challenge for lenders in 2012 in contrast to 2011s year of compliance, says research by asset finance software company Linedata. Linedata found the main trial for European lenders and asset finance institutions in 2011 was ensuring compliance with the new EU regulations (EU Directive on Consumer Credit Loans, SEPA and Basel III)