News
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Melita supports Malta eBusiness seminar
Melita recently supported the Malta eBusiness seminar organised by CSB Group in collaboration with the Malta Institute of Management. The aim of the seminar, entitled ‘Ecommerce – The way forward, Opportunities and Implications’, was to explore the...
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RS2 Software continues to trade higher
The share price of RS2 Software plc continued to advance with an increase of a further 1.4 per cent closing today’s session at a new record level of €1.11,5 on heightened activity amounting to 77,200 shares. The equity of RS2 rallied by over 60 per...
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Vodafone keeps Verizon payout to make up for European slump
Vodafone will reinvest a $3.2 billion dividend from its healthy US arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group’s main revenue measure. The British firm is trying to decide whether to...
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Yahoo’s rise in Asia offsets risk from Tumblr bet
Yahoo Inc chief executive Marissa Mayer’s $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges...
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European shares stall near peaks
European shares stalled around multi-year peaks yesterday, bolstered by a crop of upbeat corporate reports but pinned back by concerns about a possible end to the US Federal Reserve remains committed to stimulus policies. Such stimulus by global...
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Daily currency report
The US dollar slipped on profit-taking and may remain lower ahead of key updates from Ben Bernanke and the Federal Reserve’s latest meeting minutes. The greenback was knocked back on approach to three-year highs on a trade-weighted basis as...
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MIA’s equity trades up to new record
Malta International Airport’s equity continued its positive run with a gain of a further 0.5 per cent this morning up to a new record level of €2. A total of 13,500 shares changed hands at this level today with further bids remaining outstanding in...
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Interest rate set
The interest rate in respect of the Floating Rate Malta Government Stock 2014 (V) linked to the six-month Euribor for the period May 23 to November 22 (both dates included) shall be 0.743 per cent, the Treasury said. Such rate is reset and based on...
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Yahoo! to buy Tumblr for $1.1bn
Yahoo! Inc.’s board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion (€0.85 billion) in cash, the Wall Street Journal cited people familiar with the matter as saying. Such an acquisition would be Marissa...
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Ryanair earnings beat forecasts
Ryanair posted forecast-beating full-year earnings yesterday, buoyed by strong growth in fares and a sharp rise in charges for items such as baggage and in-flight refreshments. Shares in Europe’s largest budget airline jumped more than six per cent...
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Money market report for the week ended May 17
On Monday, May 13, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €103.84 billion, €6.45 billion lower...
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UK’s FTSE at highest closing level since 2000
Britain’s benchmark equity index rose yesterday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by...
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Daily currency report
Robust US consumer confidence data was the latest buy signal for the US dollar, taking the currency close to three-year highs against a basket of currencies. Investors continue to pile into the greenback, extending long positions in anticipation of...
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ECB eyes supervisor role
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say. Such a hardening of approach would keep ECB funding...
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UK trade may struggle to stand still after EU exit
As British Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting the EU would force Britain not just to rework trade relations with the EU, but also with the EU’s trade partners and...
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Shipping movements
These vessels are expected in Malta: The Mediterranean Sea from Antalya to Mersin, the Saint Roch from Benghazi to Benghazi and the Elbinsel from Tunis to Tunis (all Carmelo Caruana), the MV Eurocargo Venezia from Genoa to Civitavecchia and the MV...
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Building on existent tourism and sustainable development policies
Tourism is an economic activity capable of generating growth and employment while contributing to economic development and social integration. The EU tourism industry generates more than four per cent of the bloc’s GDP, varying from two per cent...
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Vodafone Malta Foundation donates €3,600 to Puttinu Cares
Several Vodafone Malta employees participated actively in the Puttinu Cares Football Marathon, an annual fundraising event held at the Marsa Sports Grounds. The Vodafone Malta Foundation presented a €3,600 donation, which is part of a total sum...
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Mapfre International HR director visits Middlesea Insurance
Elvira Vega, international HR director at Mapfre, recently visited the Middlesea offices in Malta. Mapfre is the majority shareholder in Middlesea Insurance. During her visit, Ms Vega launched the revamped Mapfre performance appraisal. The objective...
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Business Flex from Go
Go is offering the business community a €15 monthly Go Business Flex plan which gives limitless calls to one’s Closed User Group and a recurring monthly mobile internet bundle of 300MB. Customers also benefit from €8, which are credited monthly onto...
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