All articles by Jason T
Jason T
Leasing is key to beating the recession, says FLA’s Sklaroff
Delegates at Euromoneys 27th Annual World Leasing Convention yesterday (June 9) heard Stephen Sklaroff, the director general of the Finance & Leasing Association (FLA) speak of the importance of leasing for beating the recession.
Private & Commercial Finance reports solid results, 22% growth
Private & Commercial Finance Group (PCFG) has reported a pre-tax profit of £262,978 (308,995) in the year ending March 31 2009 In its final results, released yesterday (Tuesday), the AIM-listed lessor also announced that turnover grew by 22 percent to reach £62.9 million last year.
Domino’s Pizza buys equipment leasing business from Dresdner Kleinwort Leasing
Dominos Pizza UK & IRL plc has announced that it has purchased an equipment leasing business from Dresdner Kleinwort Leasing. The business, Dresdner Kleinwort Leasing March (2) Limited, currently operates finance leases and has entered into three equipment leases across multiple jurisdictions, according to a statement issued by the pizza delivery company. Dominos Pizza paid an initial consideration of £26,007 (30,168) for the business, and will also pay deferred consideration up to a maximum aggregate amount of £15 million.
Financing arms of great rivals HP and IBM see sharp volume drops
Demand for software and services growing ahead of hardware We are pretty good and we have pretty positive momentum in every region.
EIB makes ?180m available for lending and leasing in Greece
The European Investment Bank (EIB) has announced new partnerships with two Greek banks, in which it will invest a total of 180 million to finance loans or leases to SMEs. ATEbank, which will receive 100 million, and Marfin Egnatia Bank, which will receive the remaining 80 million, have both agreed to invest the money in Greek SMEs only. The funds, which must be used for traditional loans or leasing, will be invested in SMEs involved in the industry, agriculture, commercial services and tourism sectors; as well as in small public or private infrastructure projects.
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UniCredit Leasing and Cisco Bulgaria announce financing partnership
UniCredit Leasing and Cisco Bulgaria have announced a partnership through Ciscos EasyLease financing programme. To encourage SMEs to take advantage of the offer, Cisco Capital and UniCredit Leasing are offering a promotional zero percent fixed interest rate on leases with 24- or 36-month terms approved before July 31 2009. We have a long-term relationship with Cisco and look forward to working with Ciscos reliable clients and partners to offer them competitive financing solutions, said Plamen Minev, CEO of UniCredit Leasing in Bulgaria.
Allied Irish Bank makes ?100 million available for green asset finance
Allied Irish Bank (AIB) has committed to making 100 million available through loans and asset finance for personal and business customers who are undertaking projects which have a positive impact on the environment. The bank said that loans or asset finance was available for a range of purposes including: switching to renewable energies; buying any non petrolnon diesel car, van or truck; availing of energy management systems; and any project that qualifies for a Sustainable Energy Ireland (SEI) grant or incentive.
Money to be invested
Asset finance companies are particularly appealing to private equity investors, thanks largely to the fact they are cash flow-rich companies.
Regenesis shareholders approve AIM delisting, reappoint chairman
The shareholders of Regenesis Group, the specialist short-term asset finance provider, have approved a motion to cancel the groups shares on AIM (AIM: RGN). Last month, Regenesis chairman Marc Duschenes said that he believed delisting from AIM would be in the best interests of the company, after posting a pre-tax loss of £121,000 (139,000) in the year ending December 31 2008.
Software provider Infor announces interest-free financing
Software provider Infor has announced a new financing programme to allow its customers to make interest-free monthly payments on new purchases.