All articles by Saad Ahmed
Saad Ahmed
Budget brings some relief from business rate rises
A total of £435m (€500m) has been allocated to help some businesses weather the impact of rising business rates, as revealed in the spring budget by the chancellor, Phillip Hammond, yesterday.
SFS: Asset finance industry wonders how to adapt at broker event
Siemens Financial Services (SFS) has hosted its first broker event, providing a panel discussion for its brokers and block discounting customers.
Shawbrook reveals ‘challenging year’ for asset finance as it rejects takeover bid
Shawbrook Bank announced that its asset finance offering had a ‘challenging year’ in 2016, posting its results the same day it rejected a takeover bid from a private equity joint venture for not reflecting the “long-term value of the company.”
Aldermore appoints Lintott head of internal sales and support for asset finance
Aldermore Bank has appointed Rachel Lintott as head of internal sales and support for asset finance, to be based in the bank’s Reading office.
1pm: £7.5m secured loan note programme ‘primarily’ for SMEs, but may aid acquisitions
SME finance provider 1pm will launch a secured loan note programme to raise £7.5m (€6.5m) from private and institutional investors.
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Alphabet: Broker sales channel’s portfolio exceeds 20,000 vehicles
Alphabet’s broker sales channel Alphabet Partner has grown its portfolio to over 20,000 vehicles since its launch in September 2014.
Hitachi Capital provides stock finance to mobile home manufacturer
Hitachi Capital Business Finance has provided a stock finance facility to Omar Group, a manufacturer of park homes, holiday lodges, and mobile homes.
Shawbrook offered £825m takeover bid from private equity joint venture
Two private equity firms made a joint bid to acquire Shawbrook Bank on Friday, in a deal reportedly worth £825m (€954.7m).
Shawbrook provides £15m ABL financing to JML, replacing GE Finance
Shawbrook Bank has provided a £15m (€17.4m) financing facility to household brand JML, supplanting GE Finance with whom it had a 10-year relationship, according to news reports.
United Trust profits up 36% to £20.7m in 2016
United Trust Bank reported a 36% rise in pre-tax profit to £20.7m (€17.8m) at the end of the year in 2016.