All articles by Katherine Gregory
Katherine Gregory
Venture Finance: General Cap’s up 2,800 per cent
Venture Finance: General Caps up 2,800 per cent General Capital Group, the asset and venture finance specialist for SMEs, recorded a profit before tax of £2.8m, up from £0.1m year on year
Arbuthnot looking to sell music finance arm
Amid current market turmoil, UK banking and wealth management company, Arbuthnot Banking Group, has sold off its loss-making commercial finance division for £1.6 million to Bibby Financial Services.
Landsbanki “winding down” leasing operations
Landsbankis commercial finance division is winding down the majority of its leasing operations A senior source at Landsbanki commer-cial finance, which does asset-based lending and some adjunct large-ticket leasing, attributed this to a lack of new leasing business
LeasePlan’s growth linked to new territories
Commercial vehicles, which include LCVs, trucks, white vans and vehicles of up to three tonnes, constitute 23 per cent of LeasePlans business and consequently contributed significantly to the groups growth
Slow down in fortunes
Despite an upturn in the Czech leasing market, according to just-released year-end-2007 figures,a decline in the market is expected
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GE Capital’s China deal cancelled
GE Capital’s China deal cancelled A deal for GE Capital International Financing Corp The Chinese bank withdrew from the agreement – which would have involved GE Capital to pay 70c (35c) per share, a total of $100m (£50m) because of a recent increase in its share price since the deal was signed in September 2005.
Banca Italease receives lifeline
Banca Italease receives lifeline Things are looking up for Banca Italease
CIT sets up new China base
CIT sets up new China base After being hard hit by the US sub-prime crisis last month, CIT Group Inc has accelerated its expansion into new markets, including China, and plans to sell off parts of its home lending business CITs vice chairman, Thomas Hallam, said the expansion is part of an effort to increase the companys dominance outside of the US, and capitalise on the potential of the Chinese leasing market, which is currently growing at 30 per cent
Routes to market
For a state-of-the-art health care leasing operation certain financial products are needed One of the most significant trends in the health care leasing market is the change taking place in the type of equipment, and hence, the type of leasing product being offered.
Auction Sale of Global EPP’s assets imminent, says source
PricewaterhouseCoopers is close to completing the sale of Global EPP, which may help 51 leasing creditors recover a collective loss of some £70m after the plastics manufacturers collapsed at the end of 2007, a lawyer close to the case said