MotoNovo Finance launches commercial finance business
Independent lender MotoNovo has launched a dedicated commercial finance service line. The business will provide finance to intermediaries looking to work with SMEs in need of…
By
Jonathan Minter
Jonathan is the editor of Motor Finance magazine. You can reach him at jonathan.minter@verdict.co.uk
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DfT: decline in young people car use ‘sustained’
A sustained drop in car use among young people, starting from Generation X, is likely to continue into future…
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Aldermore launches specialist car team
Challenger bank Aldermore has recruited Tim Bearder as head of specialist vehicle valuations, responsible for the newly create specialist…
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“Used car scandal” headlines increases need for transparency: Dealflo
Recent headlines about an Advertising Standards Authority (ASA) case around selling former fleet and rental cars have increased the…
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New FCA chairman named
HM Treasury has appointed Charles Randell as the new chair of the Financial Conduct Authority (FCA). He will take…
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VWFS to post record earnings
Volkswagen Financial Services (VWFS) said it expects to end the financial year 2017 with record profits, exceeding the €2.1bn…
By FCA consults on moving regulated firms into Senior Managers regime
The Financial Conduct Authority has asked stakeholders for comment on how it proposes to move regulated firms and individuals…
By FCA fines up tenfold in 2017
The value of fines issued the FCA in 2017 reached £229.4m, more than ten times the £22.2m it issued…
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A wish list for the Autumn Budget
The upcoming Budget on 22 November must be one of the most eagerly anticipated in the past 20 years.…
ByClose Brothers Asset Finance reports flat quarter
Close Brothers Asset Finance has reported ‘broadly flat’ performance in the first quarter of its financial year (August to…
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VWFS contemplating UK banking license
Volkswagen Financial Services (VWFS) is contemplating applying for a UK banking license as it seeks to diversify its funding…
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BoE votes for first rate rise in a decade
The Bank of England (BoE) has voted to increase the base rate of interest from 0.25% to 0.50%, marking…
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Volvo to launch subscription model with XC40
Volvo Cars is planning on launching ‘Care by Volvo,’ a subscription service when it launches its XC40 early next…
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Arval to open Norwegian subsidiary
Fleet and leasing provider Arval is to launch a Norwegian subsidiary in the Oslo Area in November 2017. The…
ByFintech – disruption or acceleration?
Please help us understand the impact of fintech on your business and become part of our community of business…
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KPMG recruits director for UK Mobility 2030 team
KPMG has recruited Christoph Domke to lead its Commercial Mobility function as a director within its Mobility 2030 practice.…
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Ford launches scrappage scheme
Ford – the best selling car manufacturer in the UK – has begun offering drivers up to £7,000 for…
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Synergy recruits two to board
Vehicle leasing and finance credit broker Synergy Automotive has promoted two of its members of staff to board level…
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An insight into IFRS 16 for vehicle leasing
IFRS 16, the new standard for lease accounting, will come into effect in 2019. Initially it will affect banks,…
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Gowling: UK business underestimate digital challenges
UK businesses have an ‘overly optimistic picture’ of the digital landscape compared to their French and Germany, law firm…
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Equiniti Group acquires Nostrum Group
Equiniti Group has acquired loan management software provider Nostrum Group for an undisclosed amount. Equiniti said the acquisition would…
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PRA requests evidence GFVs are ‘prudent’
The Bank of England’s Prudential Regulation Authority (PRA) is to ask major motor finance lenders to estimate the impact…
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FCA criticises remuneration practises, consults on new rules
The Financial Conduct Authority (FCA) found a significant proportion of firms it reviewed provided high risk financial incentives for…
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FCA chairman to step down
John Griffith-Jones, chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has revealed plans to…
ByBluestone completes €30m asset backed securitisation in Ireland
Bluestone Asset Finance (Ireland) has completed an asset backed security issuance in the Republic of Ireland with a €30m…
By
PCP: the new PPI?
Both the FCA and the Bank of England have recently expressed concerns about PCP. Elsewhere, some elements of the…
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FLA: New gov needs to modernise regulation
The new government should look to modernise regulation lenders face, the Finance & Leasing Association (FLA) has said in…
ByCLM appoints Short as commercial director
Fleet manager CLM has appointed Andy Short as commercial director, with responsibility for client services and supplier relationships with…
ByFCA: H2 2016 complaints top 3m
The number of complaints reported by firms regulated under the Financial Conduct Authority topped 3m in the second half…
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VWFS revenue up 6.4% globally
Volkswagen Financial Services revenue grew 6.4% year-on-year to €27.6bn (£24.2bn), as the captive financial arm continued to make a…
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Lex Autolease fleet passes 350,000
Lex Autolease, the fleet arm of Lloyds Bank, increased its fleet to over 353,000 vehicles, a year-on-year rise of 36,000…
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FLA asks for more user-friendly regulatory system from FCA
The Finance & Leasing Association (FLA) has called for a more user-friendly regulatory system from the Financial Conduct Authority…
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Uber agrees $20m redress for misleading earning and finance claims
Ride hailing giant Uber has agreed to pay $20m (£16m) to settle FTC charges that it recruited prospective drivers…
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Osborne Clarke recruits consumer finance partner
Legal firm Osborne Clarke has recruited Nikki Worden from Addleshaw Goddard.
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Shoosmiths expands to Northern Ireland with merger
Law firm Shoosmiths has expanded into Northern Ireland following a merger with Belfast firm McManus Kearney.
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MD and global sales director appointments for NetSol
Financial services technology company NetSol Technologies has named Tim OSullivan as its managing director, and Chris Tobey as global…
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Hyundai Capital to launch German captive bank
Hyundai Capital Services, the auto finance arm of Hyundai Motor group, has received European Central Bank (ECB) approval to…
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LeasePlan appoints new CEO and COO
Fleet management provider LeasePlan has appointed Tex Gunning as chief executive officer and Marco van Kalleveen as chief operating…
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Alphabet launches virtual handover service for LCVs
Fleet service provider Alphabet has expanded its Virtual Handover service to include light commercial vehicles (LCVs), and introduced QR…
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Three new appointments to LeasePlan UK senior management team
LeasePlan UK has added David Rodriguez, Mark Mercieca and Jo Ewen to its senior management team.
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LeasePlan UK appoints network brand director
Fleet management company LeasePlan UK has appointed Tom Brewer as its network brand director.
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New CEO for Fleet Logistics Group
Jörg Löffler has been appointed as the new chief executive officer at fleet management provider Fleet Logistics Group.
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MPs call for separate enforcement body outside FCA
The Treasury Select Committee (TSC) has called for the Financial Conduct Authority (FCA) to divest its enforcement powers to…
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FCA UK appoints national corporate and leasing manager
Fiat Chrysler Automobiles UK (FCA UK) has appointed Robert English to the role of national corporate and leasing manager.
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Arval: Telematics adoption slows in UK
There has only been minimal growth in the adoption of telematics in fleets over the past three years, Arval…
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ICL recruits commercial director
PCH and small business vehicle leasing broker Intelligent Car Leasing (ICL) has recruited Chris Smith as its new commercial…
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Daimler FS acquires DLLs Athlon Car Lease International
Daimler Financial Services (Daimler FS), the finance arm of manufacturer Mercedes Daimler, has agreed to purchase Athlon Car Lease…
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Leasing market reacts to Brexit
In the reaction of the British population having voted to leave the EU on 23rd, leasing industry experts have…
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Fleet Alliance improves CET and Archant fleets
Fleet Alliance has replaced the bulk of the 70-strong van fleet of insurance and construction outsourced service provider CET,…
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Alphabet launches UK Teleservices initiative
Fleet provider Alphabet UK and BMW UK have launched a service and maintenance programme for company cars which utilities…
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Chevin: risk management may lead fleets to adopt driverless cars
Risk management issues may see fleets become some of the earliest adopters of driverless cars, according to Chevin Fleet…
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Asset Alliance Group secures £75m credit line from RBS and HSBC
Commercial vehicle contract hire, finance and sales company Asset Alliance Group has secured a £75m revolving asset based lending…
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Motor industry positive about surprise fuel duty freeze
The motor industry has reacted positively to Chancellor George Osbornes decision to freeze fuel duty for a sixth year…
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Shoosmiths grows recoveries team
Law firm Shoosmiths has recruited consultant Stephen Allinson to its recoveries litigation operation in the UK.
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Aldermore launches dealer services team
Challenger bank Aldermore has launched a dealer services team to provide dealers with stock, fleet and customer financing.
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Squire Patton Boggs partner joins TLT
Russell Kelsall has joined law firm TLT as a financial services regulatory partner from Squire Patton Boggs.
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Andrew Bailey named head of FCA
Andrew Bailey has been named as the chief executive of the Financial Conduct Authority (FCA).
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McDermott steps out of race to become permanent FCA chief exec
Tracy McDermott has withdrawn from the race to replace Martin Wheatley as the permanent chief executive at the Financial…
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Leaseplan: telematics acceptance gaining traction
Globally, half of all fleet drivers would feel comfortable having a telematics device installed in their car, according to…
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Nostrum to integrate Hello Soda products into services
Technology company Nostrum Group is to integrate credit and data analytics company Hello Sodas Profile software into its offerings.
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Alphabet: Businesses failing to consider hidden costs of business travel
The majority of UK businesses are so focused on reducing the hard costs of business travel that they fail…
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Marston Holdings acquires Burlington Group
Collections company Burlington Group has been acquired by judicial services group Marston Holdings for an undisclosed amount.
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Visa and Docusign release smart contracts and payments prototype
Visa and Docusign have released a proof-of-concept payment system, designed to allow customers to agree to finance on the…
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Sword Apak conference: digital disruption on the way
Sword Apak's Global Wholesale Finance Summit in 2015 had a few messages throughout, but undoubtedly one of the key…
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EU to expand cross border small claims debt recovery
The European Parliament has voted to increase the amount which can be claimed through the European Small Claims Procedure…
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UK Gov. approves BVRLAs ADR service
The British Vehicle Rental and Leasing Associations (BVRLA) Conciliation Service has been approved by the UK government as a…
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Audi launches finance calculator for fleet customers
Audi has released an online finance calculator designed to produce instant contract hire quotes tailored to fleet customers.
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BMW fleet arm reviewing Google name change
Alphabet, BMWs fleet management company, has said it is reviewing any possible trademark infringement from Googles new holding company,…
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Senior reshuffle at the FCA
The Financial Conduct Authority (FCA) has recruited Magan Butler director of supervision investment, wholesale and specialists as a…
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VW and Fleet Investments sell Leaseplan for 3.7bn
Volkswagen Aktiengesellschaft (VW) and Fleet Investments, owned by German banker Friedrich von Metzler, has sold fleet management company LeasePlan…
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New partner and associate for Shoosmiths
Law firm Shoosmiths has added Mark Elder as a partner and Rebekah Finch as an associate to its recoveries…
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Martin Wheatley to stand down as FCA chief executive
Martin Wheatley, chief executive officer at the Financial Conduct Authority (FCA), is to stand down from his role, effective…
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Crown Commercial Service selects fleet management providers
A number of fleet management providers have been selected to cover up to three lots for public sector fleets…
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NACFB to hold EGM to focus on regulation
The National Association of Commercial Finance Brokers (NACFB) will hold an extraordinary general meeting on 23 September in the…
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Fleets moving on from diesel and towards newer technology
Nearly all fleet managers (97%) said they were excited about the changes new automotive technology will bring to the…
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Lex Autolease reaches EV milestone
Lex AutoLease, the fleet arm of Lloyds, has added the 2,000th plug-in electric vehicle to its fleet.
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Asset finance recruiter grows its roots
The Oakland Partnership has doubled in size since last year, and managing director Tom White says asset finance is…
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Over half UK complaints FCA related
The UK Complaints Commissioner for Financial Services (CCFS) received 61 complaints about the Financial Conduct Authority (FCA) over the…
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FCA looks abroad for directors
The Financial Conduct Authority (FCA) has appointed Mark Steward as the new director of enforcement and market oversight, and…
By
FCA fines Lloyds group £117m for PPI complaint mishandling
The Financial Conduct Authority (FCA) has fined Black Horse, Lloyds Bank and Bank of Scotland (together Lloyds) a total…
By
Tesla launches German finance operation with NetSol
Tesla Financial Services, the German finance arm of Tesla has officially launched, using technology provider NetSols business process outsourcing…
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Oliphant named BVRLA chairman
Simon Oliphant, chairman of Hitachi Capital Vehicle Solutions (HCVS) has been named as the new chairman of the British…
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Ebbon-Dacs to exit retail dealer management systems area to focus on fleet
Online technology firm is to go through a phased withdrawal from the retail dealer management systems (DMS) arena in…
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Bamford joins Davenham as non-executive chairman
UK asset finance broker Davenham Asset Finance has appointed venture capitalist Richard Bamford to its board of directors as…
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FCA permission naming confusion causes company to fail
A Stockport loan call centre has gone out of business after it was incorrectly identified as not having Financial…
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FLA: majority of consumer credit firms struggling to understand FCAs perspective
Three out of five (60%) consumer credit firms attending the Finance & Leasing Association (FLA) March conference said the…
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HSBC funds Ogilvie Fleet expansion
Contract hire, leasing and fleet management provider Ogilvie Fleet has received a funding facility from HSBC which it says…
By
Shoosmiths adds former DWF team
Law firm Shoosmiths has recruited five lawyers from fellow legal firm DWF.
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FLA chairman joins The Car Finance Company
Nigel Clibbens, Finance & Leasing Association chairman, has joined The Car Finance Company (TCFC) as chief financial officer.
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Net lending grows in 2014 for Black Horse and Lex
Black Horse, the motor finance arm of Lloyds Bank, saw net lending grow 45% year-on-year to £6.8bn in 2014.
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Hitachi Capital survey reveals only 14% of SMEs rely on asset finance
Just 14% SMEs used asset finance to drive their business over the last 12 months, according to a survey…
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Compliancy Services: FCA to cost consumer finance firms £100m by 2020
Consultancy Compliancy Services (CS) has estimated that a combination initial outlays and year-to-year compliancy costs will mean the Financial…
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FCA changes fee charging rules for brokers without consultation
The Financial Conduct Authority (FCA) has introduced a series of rules for brokers in relation to what information needs…
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Praetura lends £20m in 10 months
Praetura Asset Finance has lent £20m since it was established in January 2014.
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P2P Finance Association adds ninth member
The P2P Finance Association has added P2P property lender Landbay to its membership, bringing the total number of participating…
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US business confidence on the rise
Confidence among asset finance industry executives in the US rose in November, according to The Equipment Leasing & Finance…
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LDF greatly expanding financing role
UK finance broker LDF said it is to significantly increase the amount of broker introduced asset finance it provides…
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New CCO for Alphabet
Martin Quail has joined BMWs fleet arm Alphabet as chief commercial officer.
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Ex-ING Lease veterans join Grant Thornton
Accounting firm Grant Thornton has added two new faces to its business.
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FLA members on track for FCA authorisation
About a third of Finance and Leasing Association (FLA) members said they were well prepared for Financial Conduct Authority…
By
Invigors expands to Romania
Asset finance consulting company Invigors EMEA has agreed that Burcharest-based Diplomat Consult is to represent it in Romania.
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Shire Leasing receives £80m boost
UK asset finance company Shire Leasing has received £80m from the British Business Bank (BBB) and from the private…
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UK Commercial vehicles still near record levels
The average value of a light commercial vehicle (LCV) remained at near record levels in September, despite a slight…
By
Garanti Leasing grows 68% in H1
The Romanian arm of Turkish bank Garanti Group, Garanti Leasing, grew its new financing by 36.2m or 64% year-on-year…
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Continued pain in Spain
While the Spanish market is not in the dire straits it was a year ago, unemployment and weak domestic…
By
Lloyds recruits former Lombard employer
Lloyds Bank Commercial Banking has recruited Keith Softly from RBSs asset finance house Lombard.
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New Chairman for Shoosmiths
Legal firm Shoosmiths has announced a replacement for current chairman Andrew Tubbs, who is due to step down next…
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VTG acquires Swiss wagon leasing company
German wagon hire and logistics company VTG Aktiengesellschaft has acquired Ahaus Alstätter Eisenbahn Holding (AAE) to become the largest…
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De Lage Landen rebrands as DLL
International asset finance company De Lage Landen has rebranded to DLL as of 30 September.
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European commercial vehicle sales grow
The EU commercial vehicle market grew for the twelfth consecutive month in August, as sales grew 6.1% year-on-year to…
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France feature: Europes biggest struggler
With the French economy off the pace in comparison to the UK and Germany, times are tough for the…
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Daimler sees rise in global commercial vehicle financing
Daimler Financial Services (DFS) financed 183,000 finance or leasing contracts over the first eight months of 2014, 11% above…
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US business volume strength continues
Total US leasing and finance business volumes reached $7.2bn in August, 13% higher than the figure for August 2013.
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US confidence rises in September
The US Equipment Leasing and Finance Foundations monthly confidence index for the equipment finance industry for September 2014 saw…
By
Aldermore to launch IPO
Aldermore has said it will launch its initial public offering (IPO) on the London Stock Exchange by the end…
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A large part to play in returning a commercial lending business to growth
GE chief commercial officer Maurice Benisty talks to Jonathan Minter about market progression, how the leasing industry stands in…
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Davenham Asset Finance has senior reshuffle
Within a year of its launch, Davenham Asset Finance has recruited two business development managers and promoted a head…
By
Hampshire Trust Bank moves in London
Challenger bank Hampshire Trust Bank (HTB) has moved its central London headquarters from Cannon Street to Finsbury Square, a…
By
Zenith to fund and manage 4,200 vehicle fleet
Fleet funder and management Zenith has been appointed to manage and fund the 4,200 vehicle fleet of housing company…
By
Shawbrook loan book value nears £500m
The loan book of the asset finance arm of UK challenger bank Shawbrook grew 30% to £497m (662.8m) for…
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European leasing profits climb 15.1% to 648m
European leasing company profits rose 15.1% to 648m from this time last year, according to Leaseuropes market index for…
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Arval: SMEs expected 10% fleet growth this year
Small companies in the UK expected their fleet size to increase by 10% this year, according to Arval, the…
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SMMT: Commercial vehicles continue growth
A year-on-year rise of 22.3% in vans meant that total commercial vehicle registrations grew 11.9% overall in August, according…
By
PwC: traditional rental industries disrupted by sharing economy
Big four accounting firm PwC has predicted that the five main sectors of the so called shared economy, including…
By
NACFB broker lending up 20%
Lending from members of the National Association of Commercial Finance Brokers (NACFB) to UK small businesses increased by 20%…
By
Modest increase in US leasing salaries
US staff compensation increased modestly in 2013, according to the 2014 Equipment Leasing and Finance Compensation Survey from the…
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Close Brothers: SMEs asset finance awareness falls
Almost one in five (19%) of SMEs said they were unaware of any alternative to bank lending in Close…
By
Hitachi moves into office vendor space with Japanese tech finance firm
Hitachi Capital Business Finance has partnered with Japanese firm Kyocera Document Solutions UK, entering the Japanese giant into the…
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Invigors Partner steps down
Invigors EMEA partner Marc Tendler has resigned from the asset finance consulting and technical service provider.
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Bank of England: SME lending increases despite fall in FLS
According to the Bank of England aggregate net lending to non-financial corporations improved in the second quarter of 2014.
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CHG-Meridian in Nordic acquisition
Technology management company CHG-Meridian has acquired Norwegian business Acento Group.
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Senior reshuffle at Five Arrows
Rothschild-owned Five Arrows Leasing has created a group head role overseeing credit and risk for former managing director Nigel…
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Bibby sees construction uptake
UK SMEs in the construction industry were the most confident about sales growth for the three months to October,…
By
UK commercial vehicle manufacturing slump continues
Total UK commercial vehicle production was 25% lower in July 2014 compared to July 2013, at 6,338 units.
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US loses industry luminary
Michael Fleming, president of the US Equipment Leasing and Finance Association (ELFA) between 1979 and his retirement in 2006…
By
LeasePlan profits hit 202m in H1 2014
International fleet management company LeasePlans profits in the first half of 2014 were 18.2% above those recorded in the…
By
One in five brokers predict 2014 interest rate rise
The base rate of interest in the UK will rise before the end of 2014, according to 1 in…
By
UK LCV values increase in July
The average price of light commercial vehicles (LCV) in the UK was £5,498 (6,860) in July, up 15.2% compared…
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Senior promotions at Nordea
Chief executive officer of Nordea Finance, Jukka Salonen, is to become chief operating officer of parent company, Nordea Group.
By
BLME funds a leasing Renaissance
UK bank and asset finance provider Bank of London and the Middle East (BLME) has provided a £35m (44.2m)…
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Praetura expands to Northern Ireland
North Western UK asset finance company Praetura Asset Finance has expanded its operations to Northern Ireland eight months after…
By
Siemens Financial Services: Medical equipment finance in good health
Over two thirds of the top 40 medical equipment manufacturers in the world have seen demand for asset finance…
By
High van demand while truck registrations lessen
Van registrations surged ahead of larger truck registrations in the commercial sector from the start of the year up…
By
UK Govt backs alternative lender plans
The UK government has backed the need for small and medium enterprises (SMEs) to be linked with other lending…
By
1pm busier than ever
UK finance provider 1pms chief executive officer Maria Hampton, has described the previous 12 months as their busiest to…
By
Van lessor parks bus on Conference Sponsorship
Online commercial leasing business Vanarama has become the title sponsor of the UK Football Conference.
By
Container leasing continues market share growth
The container leasing sector grew by 7.3% in 2013 according to maritime research and advisory organisation Drewry in its…
By
SGEF to receive £100m for UK SME lending
Societe Generale Equipment Finance (SGEF) is to receive £100m (125m) from the European Investment Bank (EIB) over the next…
By
News Analysis: Industry unworried by possible interest rise
Despite Moore Stephens UK reporting that a 1% interest rate would cost UK businesses an extra £2.05bn (2.59bn) in…
By
CHG-Meridian posts strong H1 2014
German technology leasing company CHG-Meridian grew its total lease volumes by 8% to 448m in the first half of…
By
Lloyds asset finance businesses post H1 growth
Lex Autolease and Black Horse, the asset finance businesses belonging to Lloyds Banking Group, recorded strong growth for the…
By
Corbett to head Aldermores specialist credit team
Aldermore Bank has recruited Ian Corbett from Investec Asset Finance to the newly created position of head of specialist…
By
Close Brothers: Northern Ireland facing late payment crisis
Over a third of Northern Irish SMEs have been adversely affected by late payments, with the average company owed…
By
Strong Q2 for LCVs
The average value for a light commercial vehicles (LCV) in the UK rose 11.9% to £5,460 (6,901.4) in the…
By
ABN Amro Lease appoints German MD
ABN Amro Lease has appointed Knut Espeler as managing director for Germany from 1 August in preparation for its…
By
US business up 5%: ELFA
US new business volumes were up 5% year-on-year for the month of June, and up 3% year-to-date, according to…
By
CIT in $3.4bn OneWest Bank acquisition
US commercial lending and leasing service company CIT is to acquire OneWest Bank for $3.4bn (2.5bn) in cash and…
By
US confidence remains high: ELFF
US confidence in the equipment finance market remained unchanged in July, compared to June, at 61.4 in the US…
By
Cabot invests £25m in Henry Howard Finance
Updated: 23/07/2014: Financial services private equity investor Cabot Square Capital has invested £25m in Henry Howard Finance (HHF), in…
By
BOE: bank alternatives an increasing source of finance.
Non-bank alternatives are becoming an increasingly important source of finance for some firms, according to the Bank of England.
By
UTB hire hints at possible future asset finance move
United Trust Bank (UTB) has hired Kevin Flowerday to launch a new professional lending product, with full details of…
By
FCA: “the industry is starting to rise to the challenge.”
FCA chief executive Martin Wheatley has said there are signs that companies and boardrooms are beginning to pro actively…
By
UK LCVs down month-on-month: NAMA
The average price of a light commercial vehicle (LCV) in the UK fell 1.7% between May and June, from…
By
Leasing Industry size potentially under reported: Leasing Foundation
Current statistics may under report the size of the leasing industry by between 30% and 50% by not including…
By
Société Générale retains top Leaseurope ranking position
Société Générale Leasing Solutions, including fleet arm ALD Automotive, was the largest leasing organisation in Europe in 2013, with…
By
Hitachi Capital opens Wiltshire office
Hitachi Capital Commercial Vehicle Solutions has moved into a new £7m (8.7m) purpose built office campus in Trowbridge, Wiltshire.
By
American finance outpacing Western Europe: Linedata
Despite a return to growth over the past twelve months, a combination of regulation pressures, client behaviour and bank…
By
Manufacturing leasing changing: Grigoreva
Digital equipment and the internet are making fundamental changes to business, according to Natalia Grigoreva, strategic marketing director of…
By
GE Capital mid market report: the lasting effects of the crisis on leasing
The lack of finance over the past few years has led companies towards new forms of finance beyond bank…
By
UK Feature: Placing the leasing industry on the SME map
With the UK economy finally picking up steam, the asset finance industry is looking at how it can grow…
By
Santander forms partnership with Funding Circle
P2P lender Funding Circle and Spanish bank Santander have entered into a partnership in the UK, whereby the two…
By
Aldermore completes specialist finance team
Aldermore Bank has appointed Andrew Dixon as director of specialist finance.
By
VW Commercial vehicles post strong growth in Western Europe
Sales at Volkswagen Commercial Vehicles increased 6.2% in Western Europe in the first five months of 2014 compared to…
By
SQN Asset Finance to launch London IPO
Guernsey based SQN Asset Finance is hoping to raise £150m in an IPO at the London Stock Exchange, with…
By
Grossman named CFI associate director
International finance company Connaught Finance Investments (CFI) has hired Claudius Grossmann as an associate director.
By
Bpifrance to use Cassiopae software for leasing
Leasing Life has learned that Bpifrance, a part-state owned French bank, is planning to start using Cassiopaes V4 software…
By
De Lage Landen names Stephenson as new CEO
William Stephenson has been appointed chief executive officer and chairman of the executive board at De Lage Landen. He…
By
LCV values hit record height for fifth time in six months: BCA
The average value for a light commercial vehicle (LCV) reached £5,597 in May, up 3.5% month-on-month and £30 above…
By
Leaseurope asset finance director to step down
Jacqueline Mills, director of asset finance and research at Leaseurope, is to step down from her role and leave…
By
CHG to lease equipment to NHS
CHG-Meridian has been appointed to the NHS Supply Chain Framework, allowing it to lease equipment to hospitals and other…
By
Three new associate members for Leaseurope
Leaseurope has named asset finance software provider International Decision Systems (IDS), SME credit assessor Paynet and LeaseWare developer Odessa…
By
Leaseurope 2013 Index survey presents mixed picture for industry
The average profit as a percentage of total operating income in equipment finance fell from 26.7% in 2012 to…
By
Shawbrook Asset Finance grows to £447m as bank posts strong growth
Updated on 09/06/2014: Shawbrook Asset finance grew a significant 28% in 2013, as its loans book reached £447m (550m).
By
Asset Finance up 10% in April: FLA
The UK Finance and Leasing Association has revealed that asset finance business was up 10%, year-on-year, in the month…
By
UK Van and Truck Registrations up: SMMT
Total UK commercial vehicle registrations rose 12.6% year-on-year in May to 27,198.
By
Dara Clarke, White Clarke Group passes away, aged 65.
Dara Clarke, chief executive officer of White Clarke Group, passed away on Sunday 25 May, after being struck by…
By
Element Financial agrees terms to acquire PHH
Canadian equipment finance company Element Financial Corporation has entered into a definitive agreement to acquire the assets and operations…
By
Overdraft reduction a hidden credit crunch: LDF
UK Commercial finance group LDF has described a 23% fall in the value of overdrafts drawn by SMEs from…
By
SMEs still troubled by funding: Close Brothers
42% of businesses admit they could have better knowledge of alternative funding sources to bank lending according to the…
By
Element to buy PHH Arval
Canadian equipment finance company Element Financial Corp is finalising a deal to buy US based PHH Corps auto fleet…
By
Commercial vehicle registrations up in April: ACEA
Total EU commercial vehicle registrations grew 5.1% year-on-year in April, reaching 151, 571 units, according to the European Automobile…
By
Hitachi launches FCA compliance service
Hitachi Capital Business Finance has launched a free service to help brokers meet new UK Financial Conduct Authority (FCA)…
By
Investec posts healthy growth
Investecs results for the year ending 31 March 2014 revealed the groups operating profits increased 28% to R7,328m (517m),…
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Fall in leasing complaints but PPI scandal continues
The UK Financial Ombudsman Service (FOS) resolved a record 518,778 disputes over the twelve months to 31 March 2014…
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US equipment finance confidence at two year high
Confidence in the US equipment finance market stood at 65.4 in the Equipment Leasing & Finance Foundations Monthly Confidence…
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FLA appoints Lombard COO as chairman
The UK Finance and Leasing Association (FLA) has appointed Nigel Clibbens, chief operating officer at Lombard, as its chairman.
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Tusker has record Q1
UK fleet management provider Tuskers salary sacrifice 4 cars (SS4C) scheme saw its highest number of new car orders…
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Getin to buy VB Leasings Polish and Romanian businesses
Polish finance company Getin Holding has agreed to purchase 100% of the shares of Austrian VB Leasings subsidiaries VB…
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Chinese leasing market growing rapidly: Researchandmarkets
The Chinese leasing industry grew by RMB250bn (29.5bn) for the quarter ending March 2014 compared to the final quarter…
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Waypoint agrees helicopter loan facility
Irish helicopter finance company Waypoint Leasing has agreed a five year US$72.5m (52.8m) loan facility with a Goldman Sachs…
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Alphabet launches E-Valuation tool and grows funding team
Fleet lessor Alphabet has launched a lighter version of its E-valuation tool to highlight where electric vehicles (EVs) could…
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Q1 Asset finance new business up 13%: FLA
Asset finance new business was up 13% in the first quarter 2014 compared to the same period in 2013…
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Fleet Friday: Seminars, safety, savings and selection
Fleet Friday: News form around the fleet markets: This week includes LeasePlan makes an appointment, VW introduces a fuel…
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Acquis recruitment spree continues
Lease insurance firm Acquis Insurance Management has appointed Louise Blackmore to the head of its claims team, and has…
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SocGen financial services grow in Q1 2014
New business for French bank Société Générale Equipment Finance (SGEF) was up 16% year-on-year in the first quarter 2014.
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Beacon Rail Leasing to be acquired for $450m
Beacon Rail Leasing, a UK based locomotive and rolling stock leasing company, is to be bought by London based…
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Goldie named FLA head of Asset Finance
The UK Finance and Leasing Association (FLA) has named Simon Goldie as the next head of Asset Finance, effective…
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BVRLA welcomes Government ULEV policy
The UK British Vehicle Rental and Leasing Association (BVRLA) has said it is pleased with the governments recently announced…
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Fountain Partners fund DigitalOcean European expansion.
Equipment lease provider Fountain Partners has provided cloud service provider with access to $13m (9.4m) in funding, allowing the…
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EFRAG study finds lessee support for single model lease accounting
A majority of European lessees indicated a preference for a single model in the ongoing attempts to create a…
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Fineline to distribute government SME fund
Fineline Media Finance is to distribute part of the UK government fund being delivered by parent company Five Arrows…
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IASB and FASB fail to agree on lease accounting
Hopes of a converged lease accounting standard between the US Financial Accounting Standards Board (FASB) and the International Accounting…
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Carter joins Investec middle ticket team
Investec Asset Finance has hired Alan Carter to lead its middle ticket team, based in London.
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UK January vehicle productions fall slightly: SMMT
UK Commercial vehicle production fell 14.6% in January 2014, year-on-year, while passenger car production in the UK fell by…
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Aldermores management changes continue
UK bank Aldermore has continued to grow its senior management team with three further appointments, a month after three…
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Taylor named Hitachi Capital head of broker sales
Hitachi Capital Business Finance has named Andy Taylor to the newly created role of head of broker sales, with…
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LeasePlan profits jump 35%
Fleet leasing and management company LeasePlan has revealed net profits for 2013 were 326m, up 35% on the 241m…
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SME demand for leasing to rise in 2014 brokers
Demand for asset finance from SMEs will continue to grow over the next three years, according to 82% of…
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Scalzone named Shires head of supplier sales
Vincenzo Scalzone has been named head of supplier sales at UK broker Shire Leasing.
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Senior management promotion at Lombard
UK lessor Lombard has promoted its strategy and product manager, Andy Brown, to the newly created role of head…
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Second exposure draft: still not right
Jonathan Minter speaks to lease accounting stakeholders about their reaction to the second exposure draft, what changes the boards…
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Open minds and open doors
Tom White of recruiter Oakland Partnership talks to Jonathan Minter and Peter Johnstone about the recession, credit analyst shortages…
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FLA: Q3 UK new business at £5.3bn
UK new business grew by 4% year-on-year to £5.32bn (6.38bn) in the third quarter of 2013, according to the…
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DUva and Wilkins join GE Capital UK leadership team
Gabriele DUva and Ian Wilkins have joined GE Capital Equipment Finance UK as Equipment Finance business leader and Lending…
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Ikonomides appointed VLS managing director
UK asset finance outsourcing firm Virtual Lease Services (VLS) has named Louise Ikonomides as managing director.
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Two directors appointed by BNP Paribas Leasing Solutions
BNP Paribas Leasing Solutions has appointed Xavier Viollet as deputy managing director and promoted Joseph Pulicano to director of…
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US equipment leasing down 7%: ELFA
Business volumes in the US equipment leasing market fell 7% year-on-year in August to $6.4bn (4.7bn), according to the…
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Almond named NetSol CFO
Roger Almond has been appointed chief financial officer of international asset and leasing finance technology provider NetSol Technologies.
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NACFB: leasing and asset funding up 12%.
Members of the UKs National Association of Commercial Finance Brokers (NACFB) wrote £2.3bn (2.7bn) worth of leasing and asset…
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Czech leasing industry at 17-year low: White Clark Group
A 329m fall in lending in 2012 has taken leasing in the Czech Republic to its lowest level since…
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FLA: UK leasing up 2% in May
Finance and Leasing Association (FLA) members provided asset finance worth £1, 851m (2,148m) in May 2013, up 2% on…
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2013 busier than expected for brokers United Trust Bank
The first half of 2013 was busier than expected, according to 44% of brokers in a survey by UK…
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UK becomes Europes largest leasing market after weak German growth – Leaseurope
The UK became the largest equipment leasing market in Europe in 2012, according the annual survey of business volumes…
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HNA Group acquires GEs TIP Trailer
Chinese conglomerate HNA Group has agreed to acquire GE Capitals European transport equipment leasing body TIP Trailer Services, subject…
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IT leasing rise due to sales-aid benefit
The rise in IT and software leasing in the UK in the 12 months to April 2013, up 13%…
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US leasing up 21% in May ELFA
New business volume for May was up 21% year-on-year to $7.5bn (5.7bn), according to US trade association, the Equipment…
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Sherin named CEO of GE Capital
Keith Sherin has been named chairman and chief executive of GE Capital by Jeff Immelt, chief executive of the…
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Leadership change rumoured at GE Capital
Keith Sherin, chief financial officer of General Electric (GE) is due to become head of the company's finance unit,…
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Norton Rose and Fulbright & Jaworski merge
Legal firms Norton Rose and Fulbright & Jaworski have merged to create Norton Rose Fulbright, which has become one…
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Kennet reaches £10m, joins NACFB
Independent broker and lender Kennet Equipment Leasing has joined UK industry trade body the National Association of Commercial Finance…
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Recruiter rebrands after asset finance expert becomes a director
UK banking and financial services recruitment consultancy Calvert & Fletcher has rebranded as Campbell & Fletcher.
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Sales-aid finance growth outstrips market in UK
Growth in UK sales-aid finance outstripped general leasing business growth in 2012 as manufacturers seek to boost sales amid…
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GE Capital signs European finance deal with IPH Group
GE Capital EMEA has signed a 160m agreement with French industrial supplies distributor IPH Group to provide receivables financing…
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US FASB votes to re-expose lease accounting with IASB
The US Financial Accounting Standards Board (FASB) decided to move forward with re-exposing its lease accounting standard in line…
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Siemens: TCO being redefined by frozen capital and energy efficiency
An increasing proportion of financial managers are incorporating "frozen capital" into total cost of ownership (TCO) calculations, according to…
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1pm starts quarterly £250k loan note programme
AIM-listed UK lessor 1pm has issued a new loan note programme arranged through corporate finance and investment advisory firm…
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BNP Paribas Leasing joins print industry body
BNP Paribas Leasing Solutions has become the first major leasing partner of the UK's National Association of Photocopiers and…
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Agricultural lessor opens in the UK
A new bank lessor has moved into the agricultural equipment finance market in the UK.
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Ignition starts up smart phone app
UK leasing broker Ignition Credit has launched a smart phone app for its commercial equipment dealer base.
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Alternative finance awareness low among UK SMEs – Lloyds TSB
UK SMEs lack knowledge of alternative lending, particularly asset-based finance, according to a survey by Lloyds TSB Commercial Finance…
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White Clarke Group opens Beijing Office
Automotive and asset finance software company White Clarke Group (WCG) has opened a new office in Beijing.
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US equipment leasing business volumes increase in 2012
The new business volume in US leasing for December was $11.5bn (£7.3bn), up 6% from the $10.8bn recorded in…
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Moon joins Bibby Leasing
Gerard Moon has joined Bibby Leasing as commercial director.
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Acquis and Challenge Consulting join Leaseurope
Lease insurance specialists Acquis Insurance Management and industry consultancy Challenge Consulting have joined Leaseurope as associate members.
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Keith Snow joins CBC Recruitment Solutions
Keith Snow has joined banking and financial services recruitment firm CBC Recruitment Solutions as a consultant in their London…
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Risk management top priority for lenders in 2013
Risk management and innovation are the top priorities for leasing companies in 2013, according to a survey by global…
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Verwilghen appointed to manage regional growth for Arval
Stéphane Verwilghen has been appointed the regional manager for Arval subsidiaries in Austria, Belgium, Luxembourg, Morocco, Portugal and Switzerland.
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Manufacturer lending up 38% during crisis
The UKs 35 largest manufacturers have increased the amount of credit they provide to customers by 38%, from £10.8bn…
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D&D Leasing secures funding to boost growth
UK small business lessor D&D Leasing has negotiated a funding facility with Conister Bank.
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Asset finance expert amongst new partners at Squire Sanders
Legal firm Squire Sanders has announced Paula Laird is to become a partner in the firm along with another…
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Business performance exceeds expectations for over a third of brokers
Business performance exceeded expectations in 2012 for 36% of brokers working in the bridging, development finance and asset finance…
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Hitachi Capital hires ex-ING pair ahead of expansion plans
Hitachi Capital Business Finance (HCBF) has unveiled plans to significantly grow its business and broker network in 2013 and…
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Leaseurope: business volumes down 18%, Q3
Leasing business volumes in Europe dropped 17.5% year-on-year to 16.6bn in the third quarter of 2012, and were also…
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UK businesses seek short-term funding options
Nearly three-quarters (73%) of UK brokers have been approached by companies looking for short-term finance after being turned down…
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Fleet industry predicts a happy new year
Leasedrive Group commercial director Roddy Graham has predicted that, despite facing a tough year, the fleet sectors opportunities will…
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CIT Vendor appoints business intelligence guru to aid growth
Sales-aid leasing firm CIT Global Vendor Finance has appointed former KPMG advisory director Ruben Muniz as its director of…
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UK brokers predict gloomy economy beyond 2013
The majority of UK brokers expect the gloomy sentiment in the countrys economy to continue at least until 2014…
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Leasing Life report finds industry leaders expecting consolidation in 2013
The European leasing industry is confident of growth in business and profitability in 2013 yet expects significant consolidation, according…
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Fleet Friday: Lessors, brands, auctions and the web
A round-up of the weeks fleet news including ALD down under, ReCare for LeasePlan and Arval, Vauxhall and driving…
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