All articles by Peter Johnstone
Peter Johnstone
Leaseuropes Venus denies leasing is used for hiding debt
Leaseurope’s accounting chairman has defended current lease accounting practice against accusations it is used to hide debt and compared the potential reporting model being developed to “conceptual art.”
Investec to double portfolio by 2014
Investec Asset Finance plans to almost double its business portfolio by 2014.
Mixed Leaseurope results show slight growth
Leaseurope has reported a 3.4% year-on-year rise in equipment and vehicle leasing for the first half of 2012, to reach 112bn, in spite of severe contraction in the troubled southern markets.
Lloyds promotes Sherrington to head of corporate
Lloyds Bank has appointed Patrick Sherrington as head of Corporate Asset Finance, leading the Origination and Portfolio Management team.
Aldermore appoints Gilman as head of refinance
UK bank Aldermore has appointed Mark Gilman as the head of refinance within its asset finance business.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
VFWS Q3 profits up 1% on 2011
Volkswagen Financial Services (VWFS), the leasing and finance arm of the German auto manufacturer, made 1.1bn in pre-tax profit in the nine months to 30 September 2012, a 9.4% rise on the same period last year.
GE Capital Q3 leasing profit down 17%
The Commercial Lending and Leasing (CLL) arm of GE Capital has reported a profit of $568m (435m) for the third quarter of 2012, down 17% from $688m for the same period last year.
Fleet Friday: ReCare and fleet finance volumes
A weekly round up of fleet news including vehicle safety recall and the FLA’s August finance figures.
Leaseurope announces new board of directors
European leasing trade body Leaseurope has appointed its new twelve member board of directors.
John Bennett leaves Hitachi for second retirement
John Bennett has retired from his 18-month role as interim managing director of Hitachi Capital Business Finance with Carl DAmmassa taking up the position on a permanent basis.