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  • RS2 reaches €2 level

    Support for the equity of RS2 Software continued to emerge during this morning’s session with the share price rising by a further 0.5 per cent to yet another all-time high of €2 across 13 trades totalling 39,750 shares. Following this latest...

  • The Greek financial crisis continues with daily turns

    It is probably best to start this commentary with the statement made by an analyst in the last few days, that whatever one says or writes today in relation to the Greek sovereign debt issue may well be totally off the mark by tomorrow. This is...

  • Luxury brands face challenges

    Luxury brands face challenges

    Luxury brands must navigate a ‘decade of change’ driven by technology and consumer forces to remain competitive, according to a Deloitte report. They should take advantage of evolving technological and consumer demands to help boost profits and...

  • Oil companies played hardball in bid to defeat climate outsiders

    Oil companies played hardball in bid to defeat climate outsiders

    Petty legal filings. Diversionary ballot measures. Counting abstentions as no votes. These are just some of the tactics US oil companies used this spring to quash efforts by investors to win the right to nominate climate experts for board...

  • Tepid payrolls sink dollar and boost Wall Street futures

    Weaker-than-expected US jobs figures knocked the dollar off a three-week high yesterday and gave a lift to Wall Street stock futures as the chances of a US rate hike as soon as September took a hit. Non-farm payrolls increased by 223,000 in June,...

  • Global alternative assets predicted to increase to $15.3 trillion in 2020 – PwC

    A report just published by PwC predicts global alternative assets will increase to $15.3 trillion by 2020. In the lead up to it, the global alternative asset management industry is expected to experience a period of transformation as players...

  • Slowboat to China: No quick fix for luxury yacht firm Ferretti

    Slowboat to China: No quick fix for luxury yacht firm Ferretti

    When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favoured by film...

  • Company briefs

    Company briefs

    Valletta, Sliema, and Paceville are among the localities that have been upgraded to 42Mbps mobile internet speeds, in the current phase of Melita’s five-year €70 million investment program. This upgrade will complement the Melita Wi-Fi service...

  • MSE Share Index reaches new seven-year high

    MSE Share Index reaches new seven-year high

    The MSE Share Index continued to trend higher as it edged up a further 0.1% during this morning’s session to close at the 4,100.556 points level for the first time in seven years on the back of gains in various large cap equities. The share price...

  • Setanta claims could reach €90m

    Setanta claims could reach €90m

    The Irish High Court will convene on July 13 to determine whether the Motor Insurance Bureau of Ireland could – or should – help to make up the expected shortfall of nearly €60 million to Setanta clients. Setanta is the Malta-registered motor...

  • Credit could be €1 billion lower than projected by 2016

    Credit could be €1 billion lower than projected by 2016

    The amount of loans from banks could be as much as €1,150 million lower by 2016 than it would have been given the projected economic growth, according to a research paper published by the Central Bank of Malta. The calculations were done by Brian...

  • Lack of experience hindering recruitment

    Lack of experience hindering recruitment

    Over three-quarters – 78.6 per cent – of financial services companies that have at least one vacancy had hard-to-fill positions, with two-thirds of them saying that the main cause was a lack of work experience required to meet organisational...

  • TNT service instant success

    TNT service instant success

    The dedicated TNT flight to Malta which started operating a few weeks ago has been an instant success, with the company already considering upgrading to a larger aircraft, according to the managing director for TNT Associates, David Burton. The...

  • Average office occupancy cost €550 per square metre

    Average office occupancy cost €550 per square metre

    The occupancy cost of the average office in Malta is around €550 per square metre annually – putting the island on par with Milan and Munich, according to research conducted by Cushman and Wakefield Research. London’s West End is the most...

  • From litres to square metres

    From litres to square metres

    It is not hard to understand the rationale behind the Farsons Group’s decision to hive off its property to another public company. Perhaps one of the things that might be overlooked, however, are the ties that the founding families still have to...

  • Companies need exit strategy

    Companies need exit strategy

    There have not been many management buyouts in Malta – but Mazars Malta managing partner Anthony Attard thinks there should be many more. The problem, as Mr Attard sees it, is that so many people in Malta set up businesses and nurture them, but...

  • Tourism: Quality versus mediocrity

    About three months ago, a tourism expert warned that Malta had reached saturation point in tourism, arguing that the island would not be able to handle more than 1.7 million tourists annually. Malta’s tourism authority chief has a different opinion.

  • Pensions review and retirement age

    Pensions review and retirement age

    The recent review for social security pensions lays down a number of proposals aimed at (a) social needs and issues related to society and work (b) the sustainability of the pension system (c) encouraging saving up for private pensions and (d) the...

  • New principal at Deloitte Malta

    New principal at Deloitte Malta

    Deloitte has appointed Giselle Cini to the position of principal. Ms Cini has been a key player in the development of the firm’s accounting and auditing technical department, specialising in the accounting treatment of financial instruments and...

  • Pisani made MIH director

    Pisani made MIH director

    Joseph Pisani has been appointed as non-executive director of Mediterranean Investments Holding plc, replacing Yousef Abdelmaula. Mr Pisani is a founder member and director of the main board of Corinthia Palace Hotel Co. Ltd (CPHCL), and has...