All articles by Peter Johnstone

Peter Johnstone

Grenke Q1 net profit up by 22%

GrenkeLeasing improved its profitability in the first quarter of 2013, with net profit increases offsetting expenses from acquisitions and distribution costs.

Q1 profit of $5.3m for CIT Vendor

CIT Vendor Finance made $5.3m (€4.1m) in pre-tax profit for the three months to the end of March 2013.

FLS expanded and extended to 2015

The Bank of England and HM Treasury have announced an extension to the Funding for Lending Scheme (FLS), with a wider scope and incentives for greater SME lending.

Econocom enters merger talks with Osiatis

European IT and telecoms funder Econocom has begun discussions of a potential merger with IT and infrastructure firm Osiatis.

CBC’s Miles Clarke: Asset finance needs “fresh blood”

There is a lack of “fresh blood” for European asset finance companies to draw on, according to Miles Clarke of recruitment company CBC Resourcing Solutions.

GrenkeLeasing new business up €25m as franchising proves successful

GrenkeLeasing has reported an 11.7% year-on-year increase in new business for the first quarter of 2013.

Brudenell joins Aldermore’s agricultural team

Rob Brudenell has been appointed as Aldermore’s new business development manager in charge of agricultural finance.

Deutsche Leasing announces €7 billion annual new business

Germany’s Deutsche Leasing Group reported over €7bn in new business for the year to September 2012, according to the company’s annual report published in March.

Gerry Keaney appointed chief executive of BVRLA

The British Vehicle Rental and Leasing Association (BVRLA) has appointed Gerry Keaney as chief executive, effective from 1 May.

GE Capital “in talks” to buy Dell Financial Services

GE Capital, the finance arm of General Electric, is in talks with asset management firm Blackstone to jointly buy the finance division of IT manufacturer Dell, according to the Wall Street Journal.