All articles by Hannah Meltzer
Hannah Meltzer
JCT600 awarded new contract with HC-One Ltd
Dealer-owned contract hire and leasing company JCT600 Contracts has been awarded a new contract to provide 200 nine-seater, wheelchair-access minibuses to care provider HC-One over the next 12 months. The first of the converted Renault Master vehicles was presented by JCT600s Kate Thompson and Lindsay Francis to Kelly Greensmith of HC-One at Windsor Court Care Home in Goole on 13 August. The fleet provided by JCT600, which has 42 dealerships throughout Yorkshire, Derbyshire, Lincolnshire and the North East, will serve over 10,000 residents of care homes run by HC-One, which specialises in residential care as well as dementia, nursing, and specialist care.
BLME hits £500 million mark on the back of increase in transportation business
London-based Bank of London and The Middle East (BLME), the largestfully Islamic wholesale investment bank inEurope, has passed the £500million mark in new business written by its leasing arm.Since attaining FSA authorisation in 2007, BLMEs leasing business has grown rapidly The volume of business written in H1 2012 stood at £106m, up 58.2% from 2011s first half total of £67m, which in turn represented a 96% increase on the previous years £19 million. The additional business has been generated in part by BLMEs continued development in the transportation sector, which now represents 40% of leasing business for the company, up from 35% last year
Small trade business reliant on spouses
More than half of small trade businesses rely on spouses to help run their companies, according to research from Direct Line for Business (DL4B), the business arm of insurer Direct Line More than half (51%) of the owners and managers of businesses (with five employees or fewer) surveyed said they rely on spouses and partners to help run their companies.
Confidence in Equipment Lease Finance Industry neutral in August
The Monthly Confidence Index for the Equipment Finance Indusrty (MCI-EFI) released by the Equipment Leasing Finance Foundation (the Foundation) showed confidence in the equipment finance market is neutral at 50.2, down from a score of 51.5 in July
Aircraft lessors seek to safeguard against controversial EU ETS laws
Aircraft lessors are likely to amend their contracts with airlines in reaction to the enforcement of the EU ETS (Emissions Trading Scheme) legislation, lawyers who specialise in the area have indicated The ETS, which has been enforced since the start of the year, obliges all airlines flying in and out of Europe to pay for carbon emissions, at a rate of 2passenger. Airlines reaction to the legislation has been largely hostile: Chinese and Indian carriers have already missed a deadline for data submission, with India going so far as to announce its intention to refuse to comply to the legislation
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GE Capital invests further in Hospedia Ltd
Commercial finance provider GE Capital has provided a fresh £2 million equipment finance facility to healthcare sector provider Hospedia, following on from an £8 million deal made with the same company in September 2011 The new and existing facilities from GE will finance the acquisition of new bedside terminal units for Hospedia, which it will then install free of charge in hospitals across the UK in line with the NHSs Patient Power scheme.
Regulation time demands up for finance bosses
Despite outperforming other sectors throughout the Olympic economic downturn, UK financial services CFOs and COOs are spending an average 18% of their time, representing almost one day every week, dealing with regulatory change, according to a survey by specialised recruitment consultancy Robert Half. According to the June 2012 survey, 59% of UK financial services executives said time spent on managing regulatory change is now more or significantly more than it was three years ago, before the recession.