Finance


Close Brothers increases financial support in Ireland with five key appointments
Close Brothers Commercial Finance, part of Close Brothers Group plc, has appointed four new Sales Directors and an Area Manager to provide asset finance solutions to the SME sector in the Leinster and Munster regions.


New Business Barometer indicates small firms in transport sector positive about the future
SMEs in the transport sector in Ireland are positive about the future, if less than other sectors, according to the inaugural Magnet Regional Business Barometer (MRBB).


Almost five million sales in six months
Volkswagen Groups worldwide vehicle deliveries reached almost five million in the first half of 2014.


Truckers assist paramedics at crash site
In the UK, vigilant artic lorry drivers helped paramedics at the scene of a motorway crash over the weekend.


US trucking pinch to get worse
The trucking sector in the US is close to crisis point.


Charity begins at home
Irish transport companies have contributed over €500,000 to charities in the past year.


Wincanton undergo major refinancing
UK and Irish based haulage firm Wincanton has restructured its £170 million banking facility.


Strong growth in Western Europe for Volkswagen Commercial Vehicles
Volkswagen Commercial Vehicles has increased its sales of Amarok, Caddy, T5 and Crafter models in Western Europe by 6.2% during the first five months of the year.


£10,000 fines for speeding on motorways
Drivers caught speeding on motorways could soon be fined up to £10,000 under plans being considered by the UK Government.


Tullow refinances its Norwegian exploration loan facility
Tullow Oil has refinanced its NOK2bn (€245m) Norwegian exploration loan facility, increasing it to NOK3bn.


MAN one of Germany´s most valuable brands
Interbrand has listed Munich-based commercial vehicle and engineering giant MAN as one of the most valuable brands in Germany.


Volkswagen raises €2bn to help fund its Scania takeover
Volkswagen, Europe’s biggest car manufacturer, has sold €2bn in preferred stock to fund the takeover of Swedish truck maker Scania.


Sweden and Norway opt for Rheinmetall MAN trucks
The Swedish military has followed Norway’s lead in signing a joint procurement deal for Rheinmetall MAN military trucks from Germany.


Euro zone expansion eases in May / ECB to react?
A drop in the manufacturing PMI has fuelled expectations of the European Central Bank easing policy next week.


Thirty new Crafters head for Scottish Highlands
Volkswagen Commercial Vehicles has agreed a deal for 30 new Crafters with Scottish firm AJG Parcels Ltd. in Inverness.


Another €100m per annum needed for repair work on Ireland’s motorways
The National Roads Authority (NRA) needs €100m per year in additional funding to preserve its declining national roads network.


More awards for Volvo Trucks ads
The Live Test campaign for Volvo Trucks’ new truck range has received a ‘Black Pencil’ and three ‘Yellow Pencil’ awards at the coveted D&AD Awards.


Logistics help boost Stobart profits
Eddie Stobart Logistics made a £22 million profit last year, which was a major boost to the Group’s earnings.


Scania supplies vehicles and services to Finland’s Defence Forces
The Finnish Defence Forces have signed an agreement with Scania’s subsidiary Scania Suomi Oy to buy a total of 184 trucks and tractor units, to be delivered through to 2017.


Ford’s Dearborn Truck Plant celebrates tenth anniversary
Ford Motor Company is celebrating the ten-year anniversary of its pioneering Dearborn Truck Plant.


Construction up for tenth time in a row
Construction has grown in Ireland for the tenth successive month – although there is still a long way to go considering the low base from which this growth started last year.


Volkswagen extends Scania offer deadline
In the hope that it can persuade more Scania shareholders to sell up, Volkswagen has extended its offer deadline by an additional three weeks.


Topaz agrees card deal with State
Topaz has signed an agreement to supply fuel charge cards to public sector bodies.


Record £130m spent repairing NI’s roads in 2013/14
An unbelievable £130m was spent on maintaining the roads of Northern Ireland in the last financial year.


Profits plunge at Ford
It was a disappointing first quarter for Ford as profits fell by 39%, even though sales and revenue were up.






Read Our Latest Issue