NETSOL Technologies reports Q4 and year end 2023 financial results

NETSOL Technologies, Inc. have reported results for the fiscal fourth quarter and year ended June 30, 2023. Total net revenues for the fourth quarter of fiscal 2023 were US$13.8m, compared with US$13.5m in the prior year period, with US$4.8m in gross profit (or 35.0% of net revenues), consistent with US$4.8m in the fourth quarter of fiscal 2022.

NETSOL Technologies reports Q4 and year end 2023 financial results

Sep 22, 2023

NETSOL Technologies, Inc. have reported results for the fiscal fourth quarter and year ended June 30, 2023. Total net revenues for the fourth quarter of fiscal 2023 were US$13.8m, compared with US$13.5m in the prior year period, with US$4.8m in gross profit (or 35.0% of net revenues), consistent with US$4.8m in the fourth quarter of fiscal 2022.

NACFB becomes Asset Finance Connect Corporate Member

We are pleased to announce that the National Association of Commercial Finance Brokers (NACFB) has joined Asset Finance Connect (AFC) as a Corporate Member. Edward Peck, CEO of Asset Finance Connect commented, “Asset Finance Connect provides a forum for debate for all participants in the asset finance ecosystem including brokers and lenders. AFC’s role is to enable open discussion – frequently tackling issues that some may find difficult to discuss – issues which otherwise might inhibit growth and the continued evolution of the industry. Through debate we hope to spark ideas, fuel innovation and increase member profits.

NACFB becomes Asset Finance Connect Corporate Member

Sep 20, 2023

We are pleased to announce that the National Association of Commercial Finance Brokers (NACFB) has joined Asset Finance Connect (AFC) as a Corporate Member. Edward Peck, CEO of Asset Finance Connect commented, “Asset Finance Connect provides a forum for debate for all participants in the asset finance ecosystem including brokers and lenders. AFC’s role is to enable open discussion – frequently tackling issues that some may find difficult to discuss – issues which otherwise might inhibit growth and the continued evolution of the industry. Through debate we hope to spark ideas, fuel innovation and increase member profits.

Time Finance achieves new lending milestone

Time Finance, the alternative finance provider to more than 11,000 UK SMEs, has reached another milestone in its ambitious growth strategy, reporting an own book lending reaching a new high of £175m, an 18% increase over the last 12 months.

Time Finance achieves new lending milestone

Sep 21, 2023

Time Finance, the alternative finance provider to more than 11,000 UK SMEs, has reached another milestone in its ambitious growth strategy, reporting an own book lending reaching a new high of £175m, an 18% increase over the last 12 months.

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UK’s top 50 asset finance companies deliver growth in uncertain economic times

The UK’s asset finance industry has demonstrated determination and resilience in a challenging and uncertain economic environment. To maintain a healthy asset finance market, industry players have tackled these economic obstacles head-on, identifying opportunities and focusing on a sustainable asset finance industry. That’s the message from a unique study of the UK’s asset finance industry which reveals how the sector, even when facing economic adversity and challenging climate change initiatives, remains a valued and vital financing solution for UK SMEs.

UK’s top 50 asset finance companies deliver growth in uncertain economic times

Jul 12, 2023

The UK’s asset finance industry has demonstrated determination and resilience in a challenging and uncertain economic environment. To maintain a healthy asset finance market, industry players have tackled these economic obstacles head-on, identifying opportunities and focusing on a sustainable asset finance industry. That’s the message from a unique study of the UK’s asset finance industry which reveals how the sector, even when facing economic adversity and challenging climate change initiatives, remains a valued and vital financing solution for UK SMEs.

 

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Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

Mar 01, 2023

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

 

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Bank of England maintains interest rates at 5.25%

The Bank of England has chosen to hold the bank rate at 5.25%, after yesterday’s announcement that UK inflation had unexpectedly fallen in August. Today’s decision from the Bank of England ends a series of 14 successive increases in the cost of borrowing since December 2021, which had lifted the base rate to a 15-year high.

Bank of England maintains interest rates at 5.25%

Sep 21, 2023

The Bank of England has chosen to hold the bank rate at 5.25%, after yesterday’s announcement that UK inflation had unexpectedly fallen in August. Today’s decision from the Bank of England ends a series of 14 successive increases in the cost of borrowing since December 2021, which had lifted the base rate to a 15-year high.

Asset Finance Connect welcomes PEAC Solutions as newest Corporate Member

Asset Finance Connect are pleased to announce that financing solutions provider PEAC Solutions has become our newest Corporate Member. Edward Peck, CEO of Asset Finance Connect commented, “Asset Finance Connect are thrilled that PEAC Solutions has joined us as our newest Corporate Member, bringing invaluable industry experience to our events across a range of asset types as a major UK lessor.

Asset Finance Connect welcomes PEAC Solutions as newest Corporate Member

Sep 20, 2023

Asset Finance Connect are pleased to announce that financing solutions provider PEAC Solutions has become our newest Corporate Member. Edward Peck, CEO of Asset Finance Connect commented, “Asset Finance Connect are thrilled that PEAC Solutions has joined us as our newest Corporate Member, bringing invaluable industry experience to our events across a range of asset types as a major UK lessor.

Industry responds to delay on ban of new ICE cars and vans

Rishi Sunak has announced that the UK ban on new petrol and diesel cars and vans has been pushed back from 2030 to 2035. "We're going to ease the transition to electric vehicles. You'll still be able to buy petrol and diesel cars and vans until 2035," the Prime Minister said in a speech from Downing Street yesterday. "Even after that, you'll still be able to buy and sell them secondhand."

Industry responds to delay on ban of new ICE cars and vans

Sep 21, 2023

Rishi Sunak has announced that the UK ban on new petrol and diesel cars and vans has been pushed back from 2030 to 2035. "We're going to ease the transition to electric vehicles. You'll still be able to buy petrol and diesel cars and vans until 2035," the Prime Minister said in a speech from Downing Street yesterday. "Even after that, you'll still be able to buy and sell them secondhand."

 

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Time Finance welcome Mike Cavanagh to invoice finance team

Time Finance has announced the appointment of Mike Cavanagh as Relationship Manager in its invoice finance team. Mike joins with 25 years’ experience in the finance industry having spent his career managing large client portfolios across haulage, recruitment, and security at finance providers Novuna (formerly Hitachi) and Bibby Financial Services.

Time Finance welcome Mike Cavanagh to invoice finance team

Sep 20, 2023

Time Finance has announced the appointment of Mike Cavanagh as Relationship Manager in its invoice finance team. Mike joins with 25 years’ experience in the finance industry having spent his career managing large client portfolios across haulage, recruitment, and security at finance providers Novuna (formerly Hitachi) and Bibby Financial Services.

PM pushes back the ban of new ICE cars and vans to 2035

UPDATE: The UK ban on new petrol and diesel cars and vans has been pushed back from 2030 to 2035, Rishi Sunak has announced. "We're going to ease the transition to electric vehicles. You'll still be able to buy petrol and diesel cars and vans until 2035," the Prime Minister said in a speech from Downing Street this afternoon. "Even after that, you'll still be able to buy and sell them secondhand."

PM pushes back the ban of new ICE cars and vans to 2035

Sep 20, 2023

UPDATE: The UK ban on new petrol and diesel cars and vans has been pushed back from 2030 to 2035, Rishi Sunak has announced. "We're going to ease the transition to electric vehicles. You'll still be able to buy petrol and diesel cars and vans until 2035," the Prime Minister said in a speech from Downing Street this afternoon. "Even after that, you'll still be able to buy and sell them secondhand."

Bluestone Group sells Irish motor finance operations to Close Brothers

Bluestone Investment Holdings Limited (Bluestone Group), the European financial services business headquartered in the UK, has agreed terms for the sale of its Irish motor finance operations, Bluestone Motor Finance (Ireland) DAC (BMFI) to Close Brothers Limited.

Bluestone Group sells Irish motor finance operations to Close Brothers

Sep 20, 2023

Bluestone Investment Holdings Limited (Bluestone Group), the European financial services business headquartered in the UK, has agreed terms for the sale of its Irish motor finance operations, Bluestone Motor Finance (Ireland) DAC (BMFI) to Close Brothers Limited.

 

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UK inflation unexpectedly slow to 6.7%

UK inflation unexpectedly fell in August, with falling hotel and air fare costs along with a slowdown in food price rises helping to offset a rise in fuel prices, according to official figures. The Office for National Statistics (ONS) said that Consumer Prices Index (CPI) was 6.7% in August 2023, down from 6.8% in July, and down from a recent peak of 11.1% in October 2022. The rate in August 2023 was the lowest since February 2022.

UK inflation unexpectedly slow to 6.7%

Sep 20, 2023

UK inflation unexpectedly fell in August, with falling hotel and air fare costs along with a slowdown in food price rises helping to offset a rise in fuel prices, according to official figures. The Office for National Statistics (ONS) said that Consumer Prices Index (CPI) was 6.7% in August 2023, down from 6.8% in July, and down from a recent peak of 11.1% in October 2022. The rate in August 2023 was the lowest since February 2022.

Close Brothers Leasing expands specialist Materials Handling team

Close Brothers Leasing has announced that it is expanding its Materials Handling offering as part of its strategy to further enhance the company’s presence in this key sector.

Close Brothers Leasing expands specialist Materials Handling team

Sep 18, 2023

Close Brothers Leasing has announced that it is expanding its Materials Handling offering as part of its strategy to further enhance the company’s presence in this key sector.

Fleet Alliance reports strong uptake in EV salary sacrifice

Increasing numbers of businesses are adding the employee benefit of leasing an EV through a salary sacrifice scheme to take advantage of generous BIK tax rates while reducing their carbon footprint. So says leasing and fleet management specialist, Fleet Alliance, which is reporting strong uptake of its salary sacrifice scheme. Since the start of this year, dozens of companies have taken advantage of the Fleet Alliance salary sacrifice scheme, which is aimed primarily at SMEs but which is available to businesses of all sizes.

Fleet Alliance reports strong uptake in EV salary sacrifice

Sep 18, 2023

Increasing numbers of businesses are adding the employee benefit of leasing an EV through a salary sacrifice scheme to take advantage of generous BIK tax rates while reducing their carbon footprint. So says leasing and fleet management specialist, Fleet Alliance, which is reporting strong uptake of its salary sacrifice scheme. Since the start of this year, dozens of companies have taken advantage of the Fleet Alliance salary sacrifice scheme, which is aimed primarily at SMEs but which is available to businesses of all sizes.

SocGen open to sale of Equipment Finance unit in strategy review, sources say

Societe Generale is open to a sale of its Equipment Finance business as the French bank's new CEO Slawomir Krupa embarks on a broad strategic revamp, people familiar with the company told Reuters.

SocGen open to sale of Equipment Finance unit in strategy review, sources say

Sep 18, 2023

Societe Generale is open to a sale of its Equipment Finance business as the French bank's new CEO Slawomir Krupa embarks on a broad strategic revamp, people familiar with the company told Reuters.

Time Finance grow vendor finance team with new regional sales manager

Time Finance continues to grow its vendor finance team with the appointment of Mike Hood as Regional Sales Manager for the North East. Mike joins with over 10 year's experience having held positions at Fuzion Finance, DLL and Bidvest Bank where he specialised in supplying asset finance solutions for the agricultural, construction and transport sectors.

Time Finance grow vendor finance team with new regional sales manager

Sep 15, 2023

Time Finance continues to grow its vendor finance team with the appointment of Mike Hood as Regional Sales Manager for the North East. Mike joins with over 10 year's experience having held positions at Fuzion Finance, DLL and Bidvest Bank where he specialised in supplying asset finance solutions for the agricultural, construction and transport sectors.

 

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Alfa announces free Scope 3 emissions reporting

Alfa has announced new functionality to help its Alfa Systems' customers track and report their po...

Alfa announces free Scope 3 emissions reporting

Sep 15, 2023

EU to investigate 'flood' of Chinese electric cars

The European Commission has launched an investigation into whether to impose punitive tariffs to p...

EU to investigate 'flood' of Chinese electric cars

Sep 14, 2023

Stellantis transforms Ellesmere Port to the UK’s first EV-only manufacturing plant

Stellantis has marked the start of electric vehicle production at its Ellesmere Port manufacturing...

Stellantis transforms Ellesmere Port to the UK’s first EV-only manufacturing plant

Sep 14, 2023

AFS (UK) Ltd and Synergy Commercial Finance witness surge in aspiring brokers

Asset Finance Solutions (UK) Ltd and Synergy Commercial Finance have announced a notable upswing i...

AFS (UK) Ltd and Synergy Commercial Finance witness surge in aspiring brokers

Sep 14, 2023