All articles by Jason T
Jason T
Smartfundit.com ‘aggressively’ seeking M&A
Following a £1.5 million (1.7 million) venture capital injection last December, Smartfundit.com is now raising securitised debt in Londons City, and is in talks to secure another round of VC funding.
Daimler to pay $700m in back taxes for US leasing
Daimler has confirmed that it has reached an agreement with the Securities & Exchange Commission (SEC), the US stock market watchdog, to repay some $700 million (556 million) in back taxes relating to its US leasing activities between 1995 and 2000.
Finance broker Norton Folgate sold off
Norton Folgate FG plc (NF), the finance broker subsidiary of General Capital, has been sold to a company controlled by its management.
Davenham posts loss, will focus on asset finance
Davenham made a pre-tax loss of £30.4 million (32.7 million) in the six months to the end of December 2008, the company announced It is understood the loss is largely due to a £31 million impairment charge from its property finance division.
S&P report finds steep rise in ijara leasing despite ‘challenging’ hike in costs of funds
S&P report finds steep rise in ijara leasing despite challenging hike in costs of funds As the international liquidity crisis develops, the Islamic finance market has seen an increase in ijara (leasing), according to a report by Standard & Poors.
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BNP Paribas joins with Siemens Financial Services to up SAP coverage in Italy
Siemens Financial Services (SFS) has partnered with BNP Paribas Lease Group (BPLG) to increase SAP Financings coverage in Italy.
Caught in a crunch
With reports that GE Capital Solutions, the leasing arm of General Electric, is planning to close its important Bristol office, Jason T Hesse examines the future of the financing giant.
New business soars at Deutsche Leasing and Grenke
Despite the recession, Deutsche Leasing has managed to report a 15 percent increase in new business volumes, from 7.8 billion to 9 billion in 2008, exceeding the companys target by 0.5 billion.
Hitachi Data Systems invests more in leasing
Recognizing the difficulties faced by its partners in obtaining credit, Hitachi Data Systems (HDS), a storage vendor, has said that it will invest further in its financial services division.
£100m of new business up for grabs in new government deal
Up to £100 million (113 million) of new leasing business is up for grabs as the government prepares to launch a tender for the provsion of vehicles for a range of government departments.