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UK leasing business up 20% in key assets

New business volumes in UK leasing have risen more than 20% in key asset classes. Commercial vehicle finance, IT equipment and plant and machinery finance have all grown by over 20% in February 2012 year-on-year, according to new data by the Finance & Leasing Association (FLA).

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2% revenue rise keeps Econocom on track

European IT and telecoms funder Econocom has reported a modest 2% growth in revenue in the first quarter of 2012. The firm posted revenue of €357m in the three months to 31 March 2012, compared to €350m in the same period last year.

Cassiopae software now supports Islamic finance

Asset finance software provider Cassiopae has announced it now supports Islamic finance in it products.

DLL signs construction kit vendor deal

De Lage Landen has signed a vendor agreement with Hyundai Heavy Industries Europe to provide finance for the construction equipment manufacturer. The deal, through which the Rabobank-owned lessor will support dealer sales of the Korean manufacturer across Europe, is called Hyundai Construction Equipment Europe Finance.

Leaseurope Index to get reboot for Q1

The upcoming edition of the Leaseurope Index, a comprehensive quarterly report on European leasing business, will include upgraded features to increase value to users. The Index was launched last year and is issued every quarter with aggregated data on operating income, profit and new business volumes among Leaseurope members.

Fleet Friday: Kwik-Fit LCVs & Ryder tyre deal

A weekly roundup of fleet news from the UK and Europe Kwik-Fit to expand services to UK LCV fleet. UK automotive maintenance company Kwik-Fit has announced a ‘major’ upgrade in the range of its services to the light commercial vehicle fleet industry.

International Leasing Conference to examine development in Ukraine

The third Annual International Leasing Conference will be held on May 17, putting leasing development in Ukraine into the international spotlight. The event, hosted by the Ukrainian Union of Lessors (UUL), will be held at the Grand Admiral Club complex near Kyiv.

LeasePlan launches euro & sterling securitisation backed by UK fleet

Independent fleet lessor LeasePlan has announced a €700m securitisation backed by its UK leasing portfolio. The Netherlands-headquartered firm has placed £582.1m (€706.8m) in securities in two tranches: €445.8m denoted class A1 and £212.1m denoted class A2.

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