All articles by Jason T
Jason T
Experian data shows significant improvement in payment times
September saw the biggest month-on-month improvement in business payment trends since December 2007, according to the latest data from Experian. On average, businesses in Great Britain were paying their bills 2.06 days earlier during September compared to August from 23.60 to 21.54 days
Turbulent times at Hitachi Capital
Substantial increase in bad debts sees lessor reporting loss of £2.3m for year to 31 March
GrenkeLeasing: Q3 results “in line” with expectations
GrenkeLeasing saw profit after tax total 19.6 million in the first three quarters of the year, the company has announced. The amount, compared with 24.9 million in the same period last year, was in line with expected development, the German lessor said. In the nine months to the end of September, GrenkeLeasing saw net interest income rise by 6.2 percent to 54 million, a strong result considering the state of the market.
Leaseurope: return to normal in 2012
Attendees at last months Leaseurope conference reported a 36 percent drop in new business during the first half of 2009. Jason T Hesse reports
Hitachi Capital Business Finance MD exits
As pre-tax profits and impairments rise, Hitachi Capital is said to be looking to axe 20 members of staff
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Businesses to return to IT leasing and financing – IDC
As a result of limited cash flow, business and IT leaders have slashed expenses and limited capital purchases, and will return to IT leasing and financing as a means of bolstering their access to IT resources, according to market intelligence consultancy IDC. With the economy now poised to begin a very modest, multi-year recovery, IDC said it expects these new normal economic operating practices to continue to shape key decisions about IT operations and investments for many years. The changes in business and technology management that were implemented in response to the recession appear to have become part of the permanent ongoing business framework, said Joseph Pucciarelli, program director, technology financial and executive strategies at IDC.
IBM Global Financing launches ‘smart financing toolkit’
IBM Global Financing has launched a new range of financing offerings for customers worldwide, the captive has announced. Beginning in October, credit-qualified customers and business partners can take advantage of a smart financing toolkit of opportunities that include deferred payments, zero percent financing and attractive prices on IBM-certified pre-owned equipment, the lessor said.
GE Capital: Q3 sees profit fall 87%, revenues fall 30%
GE Capital saw year-on-year profit fall by 87 percent in the third quarter, the lessor reported
The Alta Group appoints François-Xavier Meurville to French office
Franois-Xavier Meurville has joined The Alta Groups EMEA team as an associate, where he is tasked with strengthening the consultancys French office Based in Paris, Meurville has more than 25 years experience in international leasing and corporate banking He was most recently at Groupe Crdit Agricole, where he played a major role in expanding CAs Polish leasing business.
HP Financial Services sees financing volumes grow 12%
HP Financial Services has reported revenue of $670 million in its third quarter Although revenue was down by 1 percent year-on-year, this was still up on the companys second quarter results It was not all bad news, though, as financing volumes had increased by 12 percent on the same period last year, while net portfolio assets were up by 6 percent