Financial Results

Angel Trains maintains healthy profits

Thu, Mar, 18 2010

(Free) Angel Trains Limited continues to make healthy profits although it does not plan to make a final dividend payment this year.

Deutsche Leasing posts €8.3 bn new business

Tue, Mar, 16 2010

(Free) Deutsche Leasing saw new business volume fall only 8 percent to €8.3 billion in its 2008/2009 financial year ending in October.

Update - Shire auditor resigns as tough year closes

Thu, Mar, 11 2010

(Free) Shire Leasing has seen the gross value of its business drop by almost 20 percent year-on-year, according to its financial statement for the year to March 31 2009.

Channon steps down from 1pm after £220k interim loss

Wed, Mar, 10 2010

(Free) Rod Channon, financial director of small ticket lessor 1pm, has stepped down from his position at the company in the wake of considerable interim losses.

De Lage Landen - €112 million profit in 2009

Mon, Mar, 8 2010

(Free) Vendor Finance specialist De Lage Landen (DLL) has posted a net profit of €112 million for 2009, some 52 percent down on 2008’s total of €235 million.

HSBC global leasing remains strong

Thu, Mar, 4 2010

HSBC saw only a marginal decline in its consumer, corporate and property leasing arm during 2009, according to latest year end 2009 results.

CIT expects loss of $900 million in Q4 2009

Thu, Mar, 4 2010

(Free) CIT Group expects a loss of over $900 million (€658 million) in the fourth quarter of 2009, the global commercial finance company said.

Container lessor TAL sees income stream recover

Tue, Mar, 2 2010

(Free) Intermodal freight container lessor TAL International Group has reported an adjusted pre-tax income of €8.8 million for Q4 2009, less than half of the group’s Q4 2008 income of €18.3 million, but still up on the previous quarter.

BA&SF under pressure over high-risk deals

Mon, Mar, 1 2010

A downturn during 2009 at Barclays Asset & Sales Finance has had a major knock-on effect on its parent’s commercial division. A 10 percent fall in total assets in commercial bank had been driven “by reduced overdraft borrowings and lower volumes in Barclays Asset and Sales Finance business”.

Good news and bad news

Mon, Mar, 1 2010

Close Asset Finance (CAF) has posted a profit of £13.3 million (€15.1 million) for the year leading to 31 July 2009, down 12.6 percent down on the previous year’s total of £15.2 million. This drop came despite a 25 percent increase in operating profit, from £32.7 million in 2008, to £41 million last year.

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