All articles by Lorenzo Migliorato
Lorenzo Migliorato
Cat Financial Q3 Europe revenues fall 8%
Cat Financial saw Europe revenues in the third quarter fall 8% year-on-year to $101m (€88m, £78m), in contrast to double-digit growth in the North American and Asia Pacific markets.
Xerox’s Q3 services and financing revenues drop 7.5%
Xerox saw revenues from services, rentals and equipment financing drop 7.5% year-on-year to $1.4bn in the third quarter (£1bn, €1.2bn), a few months after reports that the company was looking to raise cash by offloading its leasing business.
1pm acquisition pays out for Positive Cashflow directors
1pm Group has agreed to issue £138,000 worth of shares as pay-out to executives within Positive Cashflow Finance, after the acquisition of the firm 16 months ago achieved the intended results.
Uber launches freight trailer leasing with Powerloop
Uber has launched an equipment rental unit which will lease trailers to freight operators in the US, under the brand name Powerloop.
Polish fintech LeaseLink joins Mintos syndication platform
Poland-based vendor finance fintech LeaseLink has joined Mintos, a loan syndication platform which this year also saw the onboarding of British lessor 1pm.
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FCA will open Financial Ombudsman Service to SMEs
The UK’s Financial Conduct Authority (FCA) has said it will push forward with granting SMEs access to its dispute resolution arm, the Financial Ombudsman Service (FOS).
Opel launches full-service leasing under PSA’s Free2Move brand
Opel has launched full-service fleet leasing in Germany under PSA’s Free2Move brand, marking a step-up in synergy between the German carmaker and its year-old French parent.
Italy’s Banca IFIS in Jungheinrich vendor finance partnership
Italy’s Banca IFIS has entered a vendor finance partnership with yellow goods manufacturer Jungheinrich in the country.
LeasePlan puts IPO plans on hold
LeasePlan put brakes on its IPO plans on Friday, only a few days after the company said a stock exchange float was a matter of weeks.
CYBG gets capital boost from own weighting of SME portfolio
The BoE said CYBG could use its own model to weigh risk on its SME and corporate loanbook, improving the accuracy of its risk to asset ratio and the equity buffer in the bank.