All articles by Grant Collinson
Grant Collinson
Second lease accounting exposure draft published
The second exposure draft on the proposed lease accounting changes has been published today by the joint accounting standards boards and the global leasing industry has until mid-September to provide feedback.
WestWon acquires General Capital book
UK leasing broker WestWon has acquired the remaining lease portfolio of General Capital Finance, which went into administration in 2010.
Shawbrook Asset Finance helps bank to strong 2012
UK lessor Shawbrook Asset Finance grew its loan book 7% in 2012 to £348m (412m) and recorded a £28m net operating profit in less than a year of trading under parent group Shawbrook Bank.
Leaseurope and EIF promote SME leasing drive
The European Investment Fund (EIF), the SME credit provider set-up by the European Union, has issued a fact sheet in conjunction with Leaseurope explaining how lessors can utilise EIF funds to support small businesses.
Sales finance growth cant lift UK leasing
Sales-aid finance bucked the trend for declining business volumes in UK asset finance in the first quarter of 2013, according to the Finance & Leasing Association (FLA).
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BMW FS reports 449m profit and 10% leasing growth
BMW Financial Services (BMW FS), the finance arm of the German automotive manufacturer, reported a pre-tax profit of 449m for the first quarter of 2013, up 3.5% year-on-year.
Norton Folgate shares ownership and targets £20m
Senior staff at UK broker Norton Folgate have become owners of the company as it targets £20m in new business over the next 12 months.
D&D expands into LCV leasing and lands entrepreneurial funding facility
UK SME-focused lessor D&D Leasing is expanding its asset finance product base to include the finance of light commercial vehicles and trucks and trailers.
GE Capitals leasing profit down 40% in Q1
The equipment leasing business of GE Capital, the finance arm of industrial giant GE, reported a 40% year-on-year drop in profit for the first quarter of 2013.
Challenge bags award for Hitachi Capital work
Leasing industry consultancy firm Challenge Consulting has been recognised by the UK Management Consultancies Association (MCA) for its recent work with Hitachi Capital UK.