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  • Scottish currency could cost firms an extra £1 bn

    Independence could burden Scottish companies with more than £1 billion of extra costs, a report commissioned by local engineering firm Weir Group said yesterday, adding fuel to the business case against a split. The 80-page report researched by...

  • Price cuts aid Q1 growth for eurozone businesses

    Eurozone businesses started 2014 with their best quarter in three years, but buoyant growth came at a cost as they slashed prices to drum up trade, which could further stoke deflation fears. The Composite Purchasing Managers’ Index, which compiler...

  • Daily currency report

    If the European Central Bank declines to take action for another month in the meeting, the chances for reaching 1.40 against the US dollar are heightened rather quickly. Prior to the ECB announcement, PMI services data will be released alongside...

  • MIA hits another all-time high

    The share price of Malta International Airport advanced to another new all-time high of €2.30 representing a minimal increase over yesterday’s closing price. Just over 2,000 shares changed hands today. The airport operator is shortly expected to...

  • Only 21 applications for Global Residency Scheme

    There have been only 21 applications so far for the Global Residency Scheme, launched by the government last June, and of these, only four have been approved, according to the Inland Revenue Department. Of those approved, only property has so far...

  • MEA concerned over tender minimum rates

    The Malta Employers’ Association has called on the government to issue a clarification on the minimum rates of tendering in the cleaning and security sectors. Misunderstandings of the minimum rate were causing unwarranted tension as workers...

  • The man who holds the purse strings

    Finance Minister Edward Scicluna survived the Cabinet reshuffle and can now concentrate on the technical reform of government finances – and various electoral pledges. Vanessa Macdonald tackled him on some pending issues. Excerpts. Dividends are...

  • Getting ‘angry’ in a good cause

    You probably already know this, but the pigs in Angry Birds Go have no clue what they are doing. They get their inspiration from glossy magazine ads for cars but unfortunately have to make do with whatever they have at hand. So the birds get to...

  • SAP offers software university courses

    Software company SAP has launched a University Alliance programme in Malta, through which it will offer training in its products. “These courses are already offered in 1,200 universities around the world. SAP solutions are used by 253,000...

  • Medserv to pay dividend

    Medserv registered a profit before tax of €131,939 during 2013 (2012: loss €1,153,130). During the forthcoming annual general meeting, the board will also be proposing the payment of a dividend. “I consider 2013 as the most successful year for...

  • Only approved repairers for cars

    Six motor insurers have agreed to start using only repairers that have been approved by the Standards and Metrology Institute of the Malta Competition and Consumer Affairs Authority (MCCAA). The approval process, known as Motor Insurance Repairs...

  • Chamber calls for deeper and earlier energy tariff cuts

    The Malta Chamber for Commerce, Enterprise and Industry has called on the government to reduce energy tariffs for businesses before March 2015 – and also for the cuts to be more than the 25 per cent promised. An extensively researched position...

  • Sepa take-up rates improve

    National and cross-border Sepa credit transfers increased from 42 per cent compliance in December 2013 to 80 per cent in February, the Central Bank of Malta reported. Malta has also seen a considerable increase in Sepa-compliant direct debit...

  • Appointments

    Enemalta has appointed a new team of five executive directors and three divisional managers to assist Chief Executive Officer Fredrick Azzopardi in the administration of the organisation. The team was appointed following a selection process...

  • Company briefs

    PKF is organising a conference in London to be hosted in conjunction with Oil Barrel Ltd, a British specialist firm in the oil and gas and maritime sectors. The conference will be held in London on May 7. It will bring together stakeholders from...

  • High volumes in BOV shares

    The equity of Bank of Valletta plc ended this morning’s session unchanged at the €2.22 level across high volumes amounting to 125,283 shares. BOV’s equity has been the most highly traded equity since the start of the year with €5.8 million worth...

  • Major economies end first quarter on a weaker note

    Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across Europe eased back...

  • Facebook boss in $3.3bn stocks boost

    Facebook chief executive Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company he founded at Harvard University. The windfall saddled Zuckerberg with a huge tax bill, even though he...

  • Robust factory data, M&A help Europe stocks extend rally

    European stocks climbed yesterday, extending their two-week rally, helped by M&A fever as well as robust French and US factory data. France’s blue chip index CAC 40 hit a five-and-a-half-year high, gaining 0.8 per cent on the day, after data...

  • Low inflation to spark policy debate, but ECB is expected to hold steady

    The European Central Bank is not expected to announce any new measures tomorrow to boost the eurozone economy, although inflation dropping to close to zero could well prompt active discussion about stimulus. Negative deposit rates – charging banks...