All articles by Saad Ahmed

Saad Ahmed

Renaissance Asset Finance acquired by Arbuthnot Latham

Renaissance Asset Finance (RAF) has been acquired by private bank Arbuthnot Latham, a subsidiary of the Arbuthnot Banking Group.

HPD promotes Cole and Bower to global directors

Commercial finance technology provider HPD Software has promoted Andrea Cole to global products director and Paul Bower to global commercial director.

Daimler portfolio value passes €125bn as vehicles exceed 4 million

Daimler Financial Services has seen its portfolio exceed €125bn (£105.2bn) as it boosted the number of vehicles under contract to more than 4 million.

34% of SMEs seek ‘long-term commitment’ from banks

Many small businesses feel that their banks are uncommitted, with 34% feeling there was not a genuine feeling of partnership, according to Hitachi Capital Business Finance.

BFS share of factoring market rises to 21%

Bibby Financial Services (BFS) increased its share of the factoring market to 21% in 2016, the funder claims.

Metro Bank provides £7.75m loan facility for Harrow hotel

Metro Bank has provided a £7.75m (€9.2m) development loan facility to M&P Developments for a Travelodge hotel in Harrow, London.

Fraikin to run West Midlands hospital fleets

Fleet provider Fraikin has been contracted by Heart of England NHS Foundation Trust to support its fleet of 19 vehicles on contract hire.

DPM Finance criticised by regulator for failing to check HGV client operator licence online

The Traffic Commissioner for the North East of England criticised Durham-based DPM Finance Ltd. after it was found to have financed a heavy goods vehicle (HGV) that was being used illegally.

DLL appoints Versteegh and Garnett as global business unit presidents

DLL has appointed Rod Versteegh and Neal Garnett as presidents of two of its global business units, vowing to ‘sharpen focus’ on core areas of their business.

2 in 5 US businesses may close UK base due to Brexit

Almost two-fifths of US businesses with a UK base would consider relocating to the European Union over Brexit, according to law firm Gowling WLG.