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  • PG plc shares spike in their debut

    The MSE index erased last week’s decline having closed 0.504 per cent higher at 4,699.820 points. The week was characterised by volatility in the equity market with gains and losses registered by individual share prices which swayed between highs...

  • Crude oil bounce stabilises markets but concerns linger

    Crude oil bounced back from its lowest level yesterday since November on the likelihood that key producers could extend output cuts beyond an agreed-on June deadline, while a global stocks index set a fresh record high as corporate earnings...

  • Amazon commits to ease e-books contracts

    Amazon commits to ease e-books contracts

    Amazon’s commitments to ease anti-competitive clauses in its agreements with e-book publishers have become legally binding, following a decision by the European Commission. “Today’s decision will open the way for publishers and competitors to...

  • Daily currency report

    America’s buck was mixed a day after it found traction from a statement from the Federal Reserve. European currencies held the upper hand against the dollar, with the euro keeping near five-month peaks. Sterling rebounded from an earlier dip to...

  • Company briefs

    A new competition called ITEK Malta Startup Competition is being launched by TakeOff, CEBI and the Knowledge Transfer Office of the University of Malta, with the support of the Ministry for Competitiveness and Digital, Maritime and Services...

  • PG closes the week at €1.24,5

    The share index moved higher for the third consecutive trading session as it rose by a further 0.47% to 4,699.820 points. Today’s gains reflect the increases in the share prices of PG (+3.7%), HSBC (+2.5%), RS2 (+1%) and BOV (+0.4%) which in...

  • Forecasts for Maltese economy 'plausable' - MFAC

    Forecasts for Maltese economy 'plausable' - MFAC

    The Malta Fiscal Advisory Council has presented its assessment of the macroeconomic forecasts for the Maltese economy prepared by the Finance ministry as part of the Update of Stability Programme 2017 – 2020. The council considered that on the...

  • Markets rally in April as risk-on mode persists

    Credit markets posted yet again another remarkable performance in April, with European and US HY markets rising by 1.08% and 1.13%. There seems to be no signs of the global search for yield abating for the time being. Price returns across both...

  • Corporate governance: now more than ever

    Company directors, auditors, lawyers, financial advisors, senior company executives and regulators all know of the increased importance being given to corporate governance. Part of corporate governance is tied to specific rules, while other parts...

  • SocGen to pay $1.1bn to end Libyan wealth fund row

    SocGen to pay $1.1bn to end Libyan wealth fund row

    Societe Generale avoided a costly and potentially embarrassing court case by agreeing to pay nearly €1 billion ($1.1 billion) to settle a long-running dispute with the Libyan Investment Authority (LIA). France’s second-biggest listed bank reached...

  • No Kremlin decision yet on extending oil output deal

    No Kremlin decision yet on extending oil output deal

    The Kremlin said yesterday it had not yet decided whether Russia would extend an agreement with Opec and non-Opec countries on oil output cuts into the second half of the year. “No decision has been made yet,” Kremlin spokesman Dmitry Peskov told...

  • Earnings, data, politics push buoyant European shares higher

    European shares powered ahead yesterday as earnings, economic data and politics aligned to boost the market to further highs. The pan-European STOXX 600 index rose 0.7 per cent, holding at 20-month highs, while German blue chips soared to an...

  • PG share price jumps 20% on 1st day of trading

    The share index extended yesterday’s gains as it rose by a further 0.25% to 4,678.037 points, mostly reflecting the strong gains in the share price of PG on its first day of trading. Meanwhile, seven other equities finished the day in negative...

  • Managing trading losses – an important part of the game

    Larry Williams starts-off his benchmark contribution to trading, “Long-Term Secrets to Short-Term Trading”, with an immensely important concept that all too often is ignored by traders; managing your losses is more important than managing your...

  • BOV is now set for a capital raise of €150 million

    BOV is now set for a capital raise of €150 million

    The title of today’s article may be surprising to many readers of this weekly column given that my previous article on Bank of Valletta plc a few months ago was titled ‘BOV no longer in immediate need of equity injection’. In November 2016, after...

  • Apple Inc.posts dip in iPhone sales

    Apple Inc. reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company’s most important product later this...

  • Alitalia sale process to kick off within 15 days – minister

    Alitalia sale process to kick off within 15 days – minister

    The sale process for troubled flagship carrier Alitalia would kick off in the next 15 days, Italy’s Industry Minister said yesterday. “The commissioners need to draw up a programme and are expected to start looking at expressions of interest...

  • Apple weighs on global equities, dollar higher

    World stock markets fell yesterday as declines in iPhone sales brought about some concern about consumer strength, while the dollar edged higher before a US central bank statement that may hint towards a rate hike next month. Apple Inc lost 0.9...

  • Shipping movements

    These ships are expected in Malta: The Marina from Alexandria to Algiers (CMA CGM Malta Agency Ltd), the Max Value from Piraeus to Durres (Sullivan Shipping), the Daniel from Tunis (Thomas Smith Shipping Ltd) and the MV Eurocargo Malta from Genoa...

  • Share index rebounds from 4-month low

    The share index posted gains for the first time in the last four trading sessions as it advanced by 0.42% from its near four-month low of 4,647.080 points to 4,666.441 points. Trading activity was spread across six equities: three performed...