Leasing News

Asset finance is strong but for manufacturers cash is king

Tue, May, 15 2012

Asset finance is the most popular external financing product for UK manufacturers, according to a report into financing assets with the sector by EEF.Free

Australia office upgrade for WCG

Tue, May, 15 2012

White Clarke Group, technology provider to the automotive and asset finance sectors, is moving to larger offices in Miller Street, at the heart of North Sydney’s business district following the success of WCG products, such as the CALMS2 end-to-end business automation platform.Free

Aldermore appoints risk director

Mon, May, 14 2012

New UK bank Aldermore has appointed Malcolm Workman as risk director of its asset finance business.Free

Finance core to sales say IT vendors

Mon, May, 14 2012

More than half of IT vendors say that finance is core to their sales, according to research by IT finance provider Syscap.Free

UK asset finance above 2008 levels – FLA

Fri, May, 11 2012

Some UK asset finance markets are “writing more new business than they were before the collapse of Lehman Brothers in 2008”, according to the Finance & Leasing Association.Free

Used equipment leaves Europe as demand declines

Thu, May, 10 2012

Used construction and industrial equipment continues to leave Europe for emerging markets following the 1.4% decline in asset demand on the continent during the first quarter of 2012.Free

HMRC seizes more assets

Thu, May, 10 2012

HMRC is increasingly using its powers to seize businesses assets to recover unpaid VAT bills, according to figures published by independent finance provider Syscap. Last year, HMRC used its powers of distraint 2,401 times, seizing the assets of businesses who had failed to pay their VAT, a 161% increase on 2010 (921).Free

Leasing jobs up in BRIC, down in Europe

Thu, May, 10 2012

Recruitment in the equipment leasing sector increased 15% globally this quarter thanks to robust hiring in the US and BRIC, according to the Global Equipment Leasing and Finance Hiring Index. The latest quarterly index, from recruitment firm ZRG Partners, increased to 74, up from 63.7 in the previous three months despite a 13% drop in hiring across Europe.Free

CIT further reduces debt by $2bn

Thu, May, 10 2012

Financial services firm CIT Group has announced it will further reduce its debt, redeeming $2bn (€1.5bn) of its outstanding senior notes. The figure takes the total of high-cost debt eliminated or refinanced by the parent of CIT Vendor Finance since 2010 to $26bnFree

Leaseurope hits fifth decade

Tue, May, 8 2012

Leaseurope, the trade association representing the European leasing and automotive rental industries celebrated its 40th anniversary on 3 May, with further commemoration planned at its annual convention in Cannes on 11-12 October.Free