All articles by Lorenzo Migliorato

UK gov’t considers VED relief for cleaner vans

The UK government will open a consultation on reduced vehicle excise duty (VED) rates for greener generations of vans, chancellor of the Exchequer Philip Hammond has said in his spring budget update.

Close Brothers asset finance book grew 2% in H2 2017

Close Brothers’ commercial finance book, comprising asset and invoice finance, hit £2.6bn (€2.9bn) in the six months to January 31, up 2% from the first half of the year.

Office equipment distributor Midwich launches leasing offer

Office equipment distributor Midwich has launched a leasing product to complement its existing finance offer.

MotoNovo to be integrated into Aldermore under latter’s CEO

MotoNovo is to move under the leadership of Aldermore’s chief executive officer, Phillip Monks, as South African parent FirstRand looks to integrate the car finance lender into the newly-acquired challenger bank.

IKB Leasing to merge into PEAC following private equity acquisition

IKB Leasing is to absorbed into the Pan European Asset Company brand by this summer, following HPS Investment Partners’ formal acquisition of the business.

Alfa revenues reach £87m in 2017

Alfa revenues hit £87.8m (€98.5m) over the course of 2017, up 20% from the previous year.

Sixt launches fleet and mobility bundle for corporates

German car rental company Sixt has launched a unified corporate package bundling leasing, rental, fleet management and mobility.

Ex-Aldermore ABL head to lead debt advisory

Max Ward, who held various roles in asset-based lending across Aldermore, has been appointed to lead Knight Debt Advisory, an offshoot of telecoms-focused Knight Corporate Finance.

Mann Island makes own lending push

Mann Island Finance has said it plans to increasingly develop its own lending capabilities next to its operations as a broker.

Barclays launches £370m fund for Midlands SMEs