UK Car Lending

UK government scheme that protected millions of jobs with £38bn support for businesses closes today

The Covid Business Finance Facility, which offered a quick and cost-effective way to raise working capital for large companies, is coming to an end, with every penny paid back. The Bank of England facility has provided almost £38billion of support to more than 100 of the UK‘s biggest businesses and delivered a profit for the […]

UK Leasing

SMMT and BVRLA welcome extension of subsidy for electric vans

The Society of Motor Manufacturers & Traders (SMMT) and the British Vehicle Rental and Leasing Association (BVRLA) have welcomed the government’s decision to extend subsidies for electric vans for two years. Mike Hawes, Managing Director of SMMT, said: “The expansion of the Plug-in Van Grant is welcome as it will encourage more operators to switch […]

UK Car Lending

Citizen seismologists track earthquakes in Haiti

When a magnitude 7.0 earthquake struck Haiti in 2010 and killed an estimated 200,000 people, there was only one working seismometer in the country. The tremor quickly overwhelmed the seismometer, an educational instrument installed in a high school, and it recorded little useful data. Weeks passed before foreign seismic experts could travel to the disaster […]

UK Car Lending

Financial results for the year 2021

At a meeting of the board of directors on February 24, 2022, the board of directors and the managing director approved the annual accounts of Kvika banki hf. (“Kvika”) for the year 2021. Highlights of the Annual financial state for the year 2021 Profit before tax amounted to ISK 10,487 million (ISK 12,004 million, including […]

UK Credit

Credit Suisse posts $2.2 billion loss in fourth quarter By Reuters

© Reuters. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch in Zurich, Switzerland November 3, 2021. Picture taken November 3, 2021. REUTERS/Arnd WIegmann By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse reported a net loss of 2 billion Swiss francs ($2.2 billion) in the fourth quarter on Thursday, […]

UK Car Lending

Credito Real’s Swiss bond matures as traders brace for default

The company’s troubles mirror the painful decline of shadow lenders in Mexico following rival Alpha Holding SA’s bankruptcy filing just six months ago. Even if Credito Real – which had $80 million at the end of the third quarter – catches up with this week’s payment, investors are already betting on a default later, with […]

UK Leasing

Wema Bank appoints two independent non-executive directors

Wema Bank’s Board of Directors has appointed Dr. Oluwayemisi Olorunshola and Mr. Bolarin Okunowo as independent non-executive directors of the bank. The lender disclosed this in a statement signed by Johnson Lebile, Corporate Secretary/Legal Counsel, Wema Bank. Profile of Dr (Ms) Oluwayemisi Olorunshola Dr. (Ms.) Oluwayemisi Olorunshola is an experienced supply chain professional and business […]

Fleet Financing

Performance Shipping Inc. announces its 2022 date

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ:PSHG), (the “Company”), a global shipping company specializing in tanker ownership, today announced that its board of directors The directors (the “Board”) have fixed the Company’s 2022 annual general meeting of shareholders (the “2022 AGM”) for February 28, 2022. The Board has set a […]

Fleet Financing

Stellantis and Crédit Agricole target 1 million multi-brand leasing vehicles

The group of manufacturers Stellantis is setting up a multi-brand leasing company in a 50/50 partnership with Crédit Agricole Consumer Finance (CACF), with the objective of operating a fleet of more than one million vehicles by 2026. The French bank will buy a 50% stake in FCA Bank and Leasys Rent, both of which are […]

UK Leasing

Airbus retains lead planners with 8% increase in deliveries By Reuters

© Reuters. FILE PHOTO: The Airbus logo is pictured at the entrance to the Airbus Delivery Center in Colomiers near Toulouse, France, November 6, 2018. REUTERS / Regis Duvignau / By Tim Hepher PARIS (Reuters) -Airbus retained its crown as the world’s largest aircraft manufacturer for the third year in a row, beating Boeing (NYSE […]

Fleet Financing

Hertz rebirth delivers $ 3 billion windfall to two daring backers

As travelers face soaring prices for car rental this holiday season amid growing demand and a shortage of new vehicles, two little-known investment groups are reaping huge benefits from the one of the most lucrative jobs in the hedge fund industry in 2021. Certares Management and Knighthead Capital Management sit on paper earnings of nearly […]

UK Car Lending

Richard Branson and Delta pump £ 400million to keep Virgin Atlantic in the air

Sir Richard Branson has handed a lifeline to besieged Virgin Atlantic as airlines grapple with the impact of the omicron variant. Virgin Group and Delta Airlines have said they will inject an additional £ 400million into Virgin Atlantic to provide it with a “strong financial position, ready to capitalize on market opportunities as travel demand […]

UK Credit

North Wales Credit Union warns of temptation to overspend this Christmas

After nearly two years of restrictions, the temptation to overspend for Christmas is stronger than ever, said Ann Francis, Managing Director of Cambrian Credit Union, who has some helpful tips and advice to help you avoid a hangover. New Year’s financial. After last year’s sleek Christmas season, it looks like this year we are determined […]

UK Car Lending

Global Industry Experts to Judge 2022 FICO Decisions Awards

The awards recognize FICO clients who achieve outstanding results with AI, machine learning and digital transformation SAN JOSE, California, 23 November 2021 / PRNewswire / – Judges 2022 (left to right): Sidhartha Dash, Paul Deall, Senthil Erulappan, Armando Junior (2nd row): Sheila Leverone, Graham Rand, Sibulelo Ncamani, Dinesh Suresh Strong points: FICO announces panel of […]

UK Car Lending

TVS Supply Chain acquires majority stake in FIT 3PL Warehousing for “undisclosed sum”, Auto News, ET Auto

TVS Supply Chain Solutions acquired 69.1% of the capital of FIT 3PL, from FIT Consulting and Services Pvt Ltd. A leading provider of integrated supply chain solutions, TVS Supply Chain Solutions announced on Thursday that it has acquired a majority stake in Bengaluru-based FIT 3PL Warehousing Pvt Ltd, an end-to-end contract logistics service provider. TVS […]

Fleet Financing

Bolt Logistics Secures $ 115 Million Series B Funding to Power Digital Logistics Transformation | Your money

TORONTO – (BUSINESS WIRE) – November 8, 2021– Bolt Logistics (“Bolt”), a leading Canadian provider of technology logistics and last mile delivery, is proud to announce that it has raised CAD 115 million in funding, bringing the total funds raised by the business to date at over $ 150 million. . The investment was led […]

UK Credit

Former Credit Suisse security chief targeted by Swiss regulator’s investigation

ZURICH (Reuters) – The former head of global security services at Credit Suisse is one of three people targeted in a new investigation announced last week by Swiss financial market watchdog FINMA following a spy case at the bank, a lawyer told Reuters on Sunday. Zurich lawyer Andreas Josephsohn has confirmed that his client is […]

UK Credit

Starving people go “three days without food” due to cuts in universal credit, charity says

The reduction in universal credit and rising energy costs are expected to plunge more people in North East Lincolnshire into hunger and poverty. The director general of the borough’s Citizens Advice Bureau said the end of the leave had also impacted more families, struggling with lower incomes. He said some people go three days without […]

UK Leasing

Hydrogen – A Scottish ‘road to market’ island for offshore wind?

Offshore Wind Power Limited has announced that it is investigating the use of offshore wind to power industrial-scale green hydrogen production on the Isle of Flotta in Orkney, Scotland. Green hydrogen is produced by using carbonless electricity to split water into hydrogen and oxygen. The process is carbon neutral, but the production of green hydrogen […]

UK Car Lending

A debate hangs over the IMF: should it do more than put out fires?

Unbalanced access to vaccinations, extreme economic inequalities, rising food prices and massive debt are on the agenda when the International Monetary Fund and the World Bank meet for their annual meetings in Washington next week. . An urgent issue that is not on the official program is the controversy that has swirled for weeks around […]

UK Credit

Boris Johnson live news: Latest updates as only 127 truck drivers apply for UK visa

Boris Johnson refuses to make misogyny a hate crime in the wake of the Everard affair Boris Johnson today denied reports that only 27 foreign lorry drivers have accepted the UK’s temporary visa offer, saying his government has granted 127 of the 300 visas intended to allow workers to enter Grande immediately. -Brittany – less […]

UK Leasing

Morrisons takeover: unions call for job security in supermarkets | City & Business | Finance

US private equity giant Clayton Dubilier & Rice narrowly beat rival Fortress in the Morrisons auction yesterday, ending four months of buyout speculation. The winning CDR bid was worth just over £ 7bn or 287p per share, just a dime more than the losing Fortress bid. The Usdaw Store Workers Union has said it wants […]

UK Credit

100,000 tenants in England ‘risk eviction’ when universal credit is cut | Universal credit

At least 100,000 tenant households will be at risk of eviction when the government’s planned £ 20-a-week universal credit cut takes effect next week, the housing charity Crisis has warned. The proportion of private tenants dependent on benefits in England has risen to around one in three since the start of the pandemic, leaving thousands […]

UK Credit

Record numbers seek mental health and money help ahead of universal credit cut

R A record number of people are seeking support for their mental and financial well-being, the figures show before the widely opposed Universal Credit (UC) cut goes into effect. Removing the £ 20 a week increase will be a “catastrophic cut” that could spiral people’s mental health problems, the charity Mental Health UK has warned. […]

UK Leasing

Avolon “could wait five years” before placing an order for an aircraft, according to the commercial director of the leasing giant

Dublin-based aircraft leasing giant Avolon’s chief commercial officer Paul Geaney said the company may not place additional aircraft orders “for five years,” but remains poised to return to the market each time. once she can buy the “right planes”. at the right price ”. There are many ways to make money in this industry beyond […]

UK Leasing

Pacific Green Technologies obtains debt financing for 99.8 MW from BESS

Posted: 22 Sep 2021, 12:13 The 99.8 MW BESS is part of a 1.1 GW portfolio. Image: Pacific Green Technologies Pacific Green Technologies will finance the construction of its 99.8MW battery energy storage system with £ 23million in debt financing. This is provided by UK investment banking group Close Leasing Limited, with funding expected to […]

UK Credit

Johnson defends impending universal credit cut as energy bills rise

Boris Johnson has refused to back down on planned benefit cuts despite a Cabinet minister warning that desperate families could face a “hard winter” with rising energy bills. Business Secretary Kwasi Kwarteng said the combination of rising gas prices and the impending £ 20 a week cut in universal credit was a “difficult situation” and […]

UK Leasing

Why two aircraft rental companies did not jump into the craze for electric planes | New

Some major aircraft rental companies are still not convinced of the viability of electric passenger aircraft and whether the developing air taxis and other first-generation electric types even fit into their rental business models. Those companies are Air Lease and AerCap, whose executives recently expressed reluctance to enter the electric aircraft segment, which has recently […]

UK Car Lending

Big Interview – Cambridge & Counties CEO Donald Kerr helps SMEs through Covid, supports £ 1million classic car investors and works 300 miles from office

It must not have been easy to take back the reins of a bank in the midst of a global pandemic – with offices closed and staff adapting to work from home. Since the start of 2021 Donald Kerr has been based in his family home near Edinburgh – a success as the investment bank […]

UK Leasing

Oil and gas skills “will be necessary” in offshore wind, according to the head of TotalEnergies

One of the UK bosses of TotalEnergies said there were “strong synergies” between its offshore oil and gas and wind operations, particularly in the North Sea. Jean-Luc Guiziou, managing director of E&P UK within the French supermajor, says there are a lot of crossovers between the two sectors, including the scale of projects, environmental studies […]

UK Car Lending

Rolls-Royce and Jaguar Land Rover team up for world record electric aircraft offering

Rolls-Royce’s all-electric aircraft, “the spirit of innovation”, will take to the skies for the first time in the coming weeks as the aerospace company works on a world record attempt. Engineers leading the project aim for Spirit of Innovation to become the fastest electric aircraft in the world and reach speeds of 300 mph or […]

Fleet Financing

Community Energy grows with six new senior hires and exceeds two gigawatts of solar projects developed

Company expands to capitalize on growing demand for solar and storage projects in the United States RADNOR, Pennsylvania, July 08, 2021– (BUSINESS WIRE) – Community Energy today announced the hiring of six new senior team members to accelerate the growth of its solar development and storage business: Chris Caswell, Director, Structured Finance; Walter Crenshaw, lead […]

UK Car Lending

Spanish banks lay groundwork for post-COVID consumer spending boom

By Jesús Aguado MADRID (Reuters) – Spanish banks, whose margins were squeezed during the pandemic, are betting on a high yield return to profitability through consumer loans – encouraging customers tired of the foreclosure to spend big on cars , vacations and home renovations. Consumer lending only represents an average of 7% of these banks’ […]

UK Credit

UK Covid LIVE: Scramble to book summer vacation in Balearic Islands and Malta as UK registers 35,000 more Delta cases

Tickets for a round-trip flight to Ibiza on July 3 and 10 have reportedly jumped from £ 149 to £ 314 – same-day flights to Mallorca dropping from £ 153 to £ 478. Meanwhile, leaders in London are gathering for a vaccine summit in a bid to increase the number of people receiving coronavirus vaccines […]

Fleet Financing

PAL Holdings trading suspended and calls for more Airbus postponements

The Philippine Stock Exchange suspended trading in parent company Philippine Airlines (PR, Manila Ninoy Aquino Int’l) PAL Holdings on Friday, June 18, following the release of its 2020 annual report exposing a record loss in the middle of “The extraordinary impact of the Covid-19 pandemic on operations. The report, which was released in a stock […]

UK Leasing

What future for the UK office sector?

Business Leader brought together seven industry experts for a debate on the UK office sector and to assess current levels of use, inbound investment and mixed-use developments. Panel for debate • Hayley Blacker: Director, Interaction• Dr Walter Boettcher: Head of Research and Economics, Colliers International• Richard Bonner: Commercial and Operations Director in the United Kingdom, […]

UK Leasing

Chairman of the Board of Directors Antje Leminsky leaves the Company; Michael Bücker will take over from August 1, 2021

DGAP-News: GRENKE AG / Keyword (s): Staff14.06.2021 / 20:49 The issuer is solely responsible for the content of this advertisement. GRENKE: Chairman of the Board of Directors Antje Leminsky leaves the Company; Michael Bücker will take over from August 1, 2021 Baden-Baden, June 14, 2021: GRENKE AG announces that the chairman of the board of […]

UK Credit

UK exporters, business leaders and trade professionals recognized in 2021 Anniversary Honors list

Today International Trade Secretary Liz Truss MP congratulates the UK exporters, business leaders and DIT staff who have been honored with honors for their outstanding and outstanding service to international trade, investment and export. The Anniversary Honors list also recognizes the work and dedication undertaken by those who worked during the pandemic to keep the […]

UK Car Lending

Restructuring will make Experience Wellington “sustainable”, says boss

In some nondescript building next to Wellington’s Plimmer Steps, Sarah Rusholme is sitting in her office with a glass of water, ready to speak after several weeks of many internal discussions but barely a glance in public. She was preparing to publish the results of her internal consultation on the overhaul of Experience Wellington, the […]

UK Leasing

Hagens Berman UK LLP obtains litigation funding, ATE Insurance and initiates proceedings against Mercedes

[London] – Hagens Berman UK, the London firm of world-renowned US law firm Hagens Berman Sobol Shapiro LLP, announces the latest developments in its class action lawsuit on behalf of UK Mercedes drivers affected by emissions fraud. Hagens Berman UK has successfully secured substantial litigation funding from Harbor as well as significant Post Event Insurance […]

UK Leasing

Hagens Berman UK LLP secures litigation funding, ATE Insurance and initiates litigation against Mercedes, further strengthening its global litigation against the automaker

[London] – Hagens Berman UK, the London firm of world-renowned US law firm Hagens Berman Sobol Shapiro LLP, announces the latest developments in its class action lawsuit on behalf of UK Mercedes drivers affected by emissions fraud. Hagens Berman UK has successfully secured substantial litigation funding from Harbor as well as significant Post Event Insurance […]

UK Credit

Crédit Agricole Consumer Finance confirms its ambition to be a major player in Spain by owning 100% of the capital of SoYou

Press release Crédit Agricole Consumer Finance cwe confirm ambitionbe a major player in Spainby owning 100% of The capital of SoYou Massy / Madrid, 3rd June 2021 – Agricultural crediticole Consumer Finance will take more than 100% of the capital of SoYou, their consumer credit subsidiary created with Bankia in Spain, ais part of the […]

UK Credit

Boris Johnson News: Prime Minister acted ‘recklessly’ on flat renovation but did not break the rules

Daily political briefing today Boris Johnson’s ethics adviser said the PM had acted “recklessly” in handling the renovation of his apartment and found a “significant failure” in his approach – but ruled there was no violation of the ministerial code. Mr Johnson continued the costly renovation of 11 Downing Street without knowing how it would […]

UK Car Lending

Cazana launches new branding and website as part of ‘global expansion’ plan

Cazana, a retail car valuation and information specialist, rolled out a new logo and website as part of its drive to expand globally. The UK-based company, launched in 2012, said its name change was an opportunity to showcase the business plan for global expansion and highlight the company’s technological and business advancements. Cazana’s automotive dataset […]

UK Car Lending

Capital calls: Greek bank revival relies on same old source of fuel

Reuters Reuters (The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) LONDON (Reuters Breakingviews) – Concise information on global finance. ———————————————– GALAXY BRAIN. Alpha Bank Managing Director Vassilios Psaltis on Monday announced plans to raise € 800 million in “growth capital” as part of its strategy to achieve a 10% return […]

UK Car Lending

Qatar tries to help end Israeli “aggression” against Palestinians, Amir says

Bloomberg Bitcoin ends week in volatile flow with Chinese bulls (Bloomberg) – Bitcoin was whipped ahead of the weekend after another warning from Chinese authorities over the cryptocurrency crackdown. The largest digital currency fell 10% at the end of Friday, to as low as $ 33,550 before rebounding to $ 38,133. . The coin nearly […]

UK Leasing

Sri Lankan Air Force MRO partners with British company for conversion of cargo planes

ECONOMYNEXT – SriLankan Engineering, the maintenance and repair arm of Sri Lanka’s national carrier, said it had partnered with UK-based Avensis Aviation to meet demand for conversions from passenger to cargo ( PTF) during the coronavirus pandemic. “With Covid limiting passenger travel, many airlines and aircraft rental companies are converting passenger planes into freighters,” Shevantha […]

Fleet Financing

Singapore Airlines Secures S $ 2 Billion In Sale Leaseback | New

Singapore Airlines has raised S $ 2 billion ($ 1.5 billion) in sale and leaseback transactions involving 11 aircraft. Carrier Star Alliance reveals that four different lessors – such as Dublin-based Aergo Capital and aircraft finance company Altavair – have been involved in the deals, which involve seven Airbus A350-900s and four Boeing 787-10s. Lessors […]

UK Credit

New fund offers more than $ 2 million in loans to artists and music rights holders

The music industry has no shortage of influential figures who advocate for artists and songwriters to retain their rights. This month alone, UnitedMasters founder Steve Stoute and Sound Royalties founder and CEO Alex Heiche shared their views on this topic with MBW. Now a new London-based music finance company called Music Credit Fund (MCF) has […]

Fleet Financing

Cashing Blank Checks: Why the Foolhardy Favor PSPC

NEW YORK: Dimitri Kazarinoff launched his first earnings call last month as Managing Director of XL Fleet Corp. When the maker of electrified vans and pickup truck powertrains agreed to a billion-dollar merger with a special-purpose acquisition company (SPAC) in September, it made a financial forecast rarely seen in an introduction in stock exchange (IPO). […]

UK Car Lending

Greensill tried to use NHS Pay’s ‘giveaway’ as leverage to sell supply chain finance

Greensill Capital planned to use an advance payment scheme for health workers as leverage to secure other more lucrative work with the NHS, according to people familiar with the matter and a presentation from the financial group which has since collapsed . Greensill, who fell under administration last month and has since sparked a lobbying […]

UK Leasing

Preliminary Key Financial Performance Figures of BMW AG for the first quarter 2021 exceed market expectations

19.04.2021: Ad-hoc announcement BMW AG reports sales growth in all significant regions of the world, in particular in China, and all brands in the first quarter of 2021. In addition, positive price and mix effects, as well as high demand for pre-owned cars, also l Ad-hoc announcement   BMW AG reports sales growth in all […]

UK Leasing

Here are all the finalists for the 2021 StokeonTrentLive Business Awards

The StokeonTrentLive Business Awards are just days away – and we’re extremely excited to be recognising the best of industry in Stoke-on-Trent and Staffordshire. The awards – with headline sponsor Staffordshire University – will be held on April 22, in a virtual ceremony that will celebrate the businesses and individuals that help the region thrive. […]

UK Car Lending

Silverstone’s first hotel receives financial support | Item

A £ 29million credit facility has been finalized which will enable the completion of the first-ever hotel at Silverstone, the world-famous Northamptonshire racecourse that hosts the British Formula 1 Grand Prix. The gradual opening is expected to be one of the “most prestigious achievements” this year by Hilton Hotels and Resorts. Bricks Group, a private […]

UK Credit

Half a million people eligible for universal credit during pandemic don’t claim it, report says

Half a million people eligible for universal credit at the start of the pandemic did not claim it despite a sharp drop in their income, new research shows. Report led by the University of Salford and funded by the Health Foundation reveals hundreds of thousands of people were unaware they could claim help, while others […]

Fleet Financing

Capital Link’s 3rd Annual Singapore Maritime Forum April 20 | archives, community, events

NEW YORK – Capital Link’s 3rd Annual Singapore Maritime Forum will be held on Tuesday, April 20 from 3 p.m. to 6 p.m. SGT as a digital event. The Forum is organized in partnership with Columbia Ship Management and Singhai Marine Services. It is organized in conjunction with Singapore Maritime Week. The forum will feature […]

Fleet Financing

CoreCard Partners with Al Ansari Exchange to Bring Multi-Currency Prepaid Card Processing to UAE NYSE: INS

DUBAI, United Arab Emirates, April 19, 2021 (GLOBE NEWSWIRE) – CoreCard Software, DMCC. (a subsidiary of Intelligent Systems Corporation [NYSE American: INS]), the leading international provider of innovative prepaid and credit technology solutions and processing services for the financial technology and services market, today announced a partnership with Al Ansari Exchange, the international currency exchange […]

UK Car Lending

HGC Broadband extends its fiber network to Lung Kwu Tan

Meet the connectivity needs of the villagers with other smart and Wi-Fi services planned for the future HONG KONG, April 19, 2021 / PRNewswire / – HGC Global Communications Limited (HGC), a fully-fledged fixed line operator and ICT service provider with extensive local and international network coverage, services and infrastructure, today announced that HGC Broadband, […]

Investment

Bad or nice? On the first anniversary of Mahi Pono’s 56,000-acre farm land grab on Maui, questions remain about the company’s ultimate intentions

Dust produced by tractors plagues some Maui residents. Photo: Maui Time Around the same time last year, the Mauians were applauding the news that Alexander & Baldwin had suddenly abandoned their old sugarcane field and 50 percent of their EMI irrigation system in a 267 sale. million dollars to a totally unknown and newly created […]

Investment

Fair closes $ 500 million to unlock the carpooling offer and upgrade subscriptions

SANTA MONICA, California, September 17, 2019 / PRNewswire / – In a transaction designed to significantly evolve its growing Uber partnership, a vehicle subscription app Fair announced today a $ 500 million revolving credit facility led by Mizuho Bank This will allow drivers across the country to access a Fair carpool-ready car, regardless of the […]