Finance

General Finance Corporation Reports Second Quarter Results For Fiscal Year 2021

2 months ago Amanda T. Noriega

PASADENA, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) — General Finance Corporation (NASDAQ: GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand (the “Company”), today announced its consolidated financial results for the second quarter and six months (“YTD”) ended December 31, 2020.

Second Quarter 2021 Highlights

  • Rental revenues from our core non-liquid containment products in North America increased by 9% from the second quarter of fiscal year 2020.

  • Leasing revenues were $58.4 million, compared to $60.8 million for the second quarter of fiscal year 2020.

  • Leasing revenues, excluding the oil and gas sector, increased by 5% in North America and by 4% in the Asia-Pacific from the second quarter of fiscal year 2020.

  • Leasing revenues comprised 66% of total non-manufacturing revenues versus 67% for the second quarter of fiscal year 2020.
… Read More

London Finance Takes Another Hit as Carbon Market Goes to EU

2 months ago Amanda T. Noriega

(Bloomberg) — Intercontinental Exchange Inc. plans to move its 1 billion-euro ($1.2 billion) daily market for European carbon emissions contracts to the Netherlands from London in a blow to the U.K.’s attempts to build a green finance powerhouse after Brexit.



a large ship in the water with a city in the background: A pedestrian walks across the Millennium Bridge in view of skyscrapers in the City of London, U.K., on Thursday, Nov. 5, 2020. The Bank of England boosted its bond-buying program by a bigger-than-expected 150 billion pounds ($195 billion) in another round of stimulus to help the economy through a second wave of coronavirus restrictions.

© Bloomberg
A pedestrian walks across the Millennium Bridge in view of skyscrapers in the City of London, U.K., on Thursday, Nov. 5, 2020. The Bank of England boosted its bond-buying program by a bigger-than-expected 150 billion pounds ($195 billion) in another round of stimulus to help the economy through a second wave of coronavirus restrictions.

Stuart Williams, president of ICE Futures Europe, said the decision to shift the business into the European Union will help traders and investors “manage climate price risk in the most cost-effective and seamless manner.”

Loading...

Load Error

The market is a key plank of the EU’s efforts to combat climate change. Volumes for futures and

… Read More

‘Certainly an opportunity’ – Finance guru explores potential openings for Leeds amid cash boost

2 months ago Amanda T. Noriega

It was recently reported that the San Francisco 49ers had purchased additional Leeds United shares in a £50million deal and, along with majority shareholder Andrea Radrizzani, are said to have big ambitions for the club.



a stadium full of people: General view inside Elland Road ahead of Leeds United v Nottingham Forest

© Provided by Transfer Tavern
General view inside Elland Road ahead of Leeds United v Nottingham Forest

The potential opportunities of this investment have been explored by a Football finance expert and it looks like it could become a great deal for Leeds.

The latest on this deal

Football finance expert Kieran Maguire discussed the potential opportunities the club as he told Football Insider: “As a Championship club, they were streets ahead of everyone else because of the nature of the fanbase. But their commercial income in 2019 was £21m, compared to £280m at Manchester United, for example. It will have gone up as a result of getting to the Premier League but the

… Read More

Better Housing Coalition gets $3 million donation from Altria to help finance affordable housing in the Richmond region | Business News

2 months ago Amanda T. Noriega

While the housing market and construction market have remained strong in the Richmond region during the COVID-19 pandemic and economic downturn, “You don’t see many affordable housing units being built,” she said. “The demand for affordable housing exceeds the supply. There are many low-income families and seniors who struggle to pay the rent.”

Rental costs range from about $500 per month to $1,300 per month at the various Better Housing Coalition multifamily units in the area.

BHC mostly develops and provides rental units, but the organization also plans to use the money from the Altria donation to support homeownership opportunities for at least 50 households.

It also plans to offer more support services for residents. For instance, BHC is planning to provide telehealth services to at least 200 low-income senior residents.

Altria, the parent company of top U.S. tobacco company Philip Morris USA, is offering the contribution as part of

… Read More

Bajaj Finance Q3 Review – Growth Pickup, Strong Commentary Gives Confidence: ICICI Direct

2 months ago Amanda T. Noriega

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Led by standstill status from the Supreme Court, the gross non-performing asset ratio declined to 0.55% from 1.03% QoQ and net-non performing asset ratio came at 0.19% from 0.37% on a consolidated basis.

However, proforma GNPA and net non-performing asset surged to 2.86% and 1.22% respectively. Restructuring is at 1.4% of loans and has provisions of Rs 397 crore on it.

The company expects to revert to pre-Covid-19 NNPA by H1 FY22, except auto finance business which may take longer due to underlying collateral value.

During the quarter, the company has also done one-time principal write-off of Rs 1,970 crore, on account of Covid-19 related stress

Click on the

… Read More

German finance minister lashes out at EU vaccine drought

2 months ago Amanda T. Noriega


Olaf Scholz wearing a suit and tie

© Provided by City AM


Germany’s finance minister has renewed tensions within the bloc following a high-profile tussle last week over EU vaccine shortages.

Olaf Scholz told the BBC this afternoon he was “angry about some of the decisions that were taken last year”, among suggestions that the EU failed to order sufficient vaccine supplies for its member states.

Read more: Majority of adults in UK to be offered Covid vaccine by May

So far, less than four per cent of adult EU citizens have been immunised against coronavirus, compared to around 20 per cent of adults in the UK.

European Commission president Urusula von der Leyen has come under fire for the sluggish rollout of the vaccine across Europe and subsequent attempts to blame pharmaceuticals companies producing the jabs.

European Commission officials tried to pressure Astrazeneca into diverting some of its UK vaccine supply to the bloc last week

… Read More

You may have missed

Fincann Aims to Conquer Banking Challenge for Cannabis Industry

3 hours ago Amanda T. Noriega

Investment Business Concepts (No Inventory Required)

1 day ago Amanda T. Noriega

Oxford Languages

3 days ago Amanda T. Noriega

Enterprise

6 days ago Amanda T. Noriega

Easy Business Ideas To Begin In Weeks!

1 week ago Amanda T. Noriega