Advert

Business

  • 6PM profits up 74%

    The 6PM group reported a pre-tax profit of £1,628,607 (2014 – £938,852). The gross profit for the year amounted to £6,065,839 (2014 – £4,585,610), equivalent to 54 per cent (2014 – 47 per cent) of total revenues. Total equity at the year-end...

  • Google faces first EU fine in 2016 with no deal on cards – sources

    Google faces first EU fine in 2016 with no deal on cards – sources

    Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc’s regulator over its shopping service, people familiar with the matter said. There are few incentives...

  • 6pm shares advance by 9.1% to new high

    The Malta Stock Exchange index added a further 0.3 per cent to last week’s marginal gain, to close at 4,546.499 points. Turnover amounted to €1.1 million spread across 16 issues of which eight gained ground, six fell in value and two closed...

  • Yen posts biggest weekly gain since 2008 as stocks fall

    The yen hit an 18-month high yesterday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed. Major European stock indexes closed down more...

  • Amazon’s profit surge sweeps away doubts

    The source of Amazon.com’s namesake river may be uncertain, but there’s no doubt about where the online retailer’s surging revenue is flowing from: just about everywhere. Amazon.com Inc.’s shares were up 12 per cent at $673 in premarket trading...

  • Comcast set to buy studio DreamWorks Animation for $3.8bn

    Comcast set to buy studio DreamWorks Animation for $3.8bn

    Comcast Corp, the owner of NBC Universal, said it would buy Hollywood studio DreamWorks Animation SKG Inc for $3.8 billion to help it take on Walt Disney. The acquisition will add major children’s franchises to Universal’s film library such as...

  • Daily currency report

    The U.S. dollar, had already favoured its back foot after the Federal Reserve this week went another meeting without boosting interest rates, while it also stopped short of signaling a move at its next meeting in June. The dollar Thursday fell to...

  • RS2 rebounds from a one-month low

    The share index edged 0.62 per cent higher this morning to 4,546.499 points representing a weekly gain of 0.26 per cent. Following yesterday’s publication of the 2015 full-year results, RS2 rebounded from its one-month low of €3.72 to an intra-day...

  • The Fed’s latest decision and yesterday’s GDP figures

    Most market participants were not surprised by yesterday’s Federal Reserve decision, whereby once again it maintained its current fund rate within the range of 0.25 per cent to 0.5 per cent. The only surprise was the omission of few words which...

  • Taking right and left turns

    Taking right and left turns

    Today, very often, one hears people saying that, with regard to economic policy, there is little to no distinction between what was once regarded as the ‘left’ and what was regarded as the ‘right’. The boundaries between the two sides have got...

  • Airbus profits fall at start of ‘challenging year’

    Airbus profits fall at start of ‘challenging year’

    Airbus Group prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy drain on cash due to delays in jet deliveries yesterday, sending its shares lower despite a renewed pledge to meet full-year...

  • VW emissions scandal bill ‘could get much bigger’

    VW emissions scandal bill ‘could get much bigger’

    Volkswagen’s emissions test cheating scandal could cost it much more than the €15.6 billion earmarked so far and it might have to sell assets to foot the bill, the German carmaker said yesterday. Europe’s biggest motor manufacturer said cost...

  • Stocks rise modestly as the yen surges

    The yen surged yesterday after the Bank of Japan surprised markets by declining to boost its stimulus, battering Japanese stocks and briefly weighing on markets in the United States and Europe. The yen surged against the dollar, euro and sterling,...

  • Lombard Bank reports €7.8 million in pre-tax profit

    Lombard Bank reports €7.8 million in pre-tax profit

    Lombard Bank strengthened its financial position in the previous financial year, closing its books with €7.8 million in pre-tax profit.  The figures were announced during the bank's annual general meeting, held earlier today.  A statement by the...

  • 6pm jumps to new all-time high

    The share index posted its third consecutive decline as it retreated by a further 0.07 per cent to 4,518.345 points on continued low activity at only €173,500. Ahead of the publication of the 2015 full-year results expected later on this...

  • Valeo SA

    Valeo SA

    This week Valeo reported sales figures for the first quarter of 2016. Sales rose 10 per cent over the same quarter last year beating market expectations. The share price on the French stock exchange has risen 3.9 per cent at the time of...

  • Prospects for Malta’s retail banking industry

    Prospects for Malta’s retail banking industry

    Over recent weeks, two of the three retail banks listed on the Malta Stock Exchange (namely HSBC Bank Malta plc and Lombard Bank Malta plc), published their respective 2015 annual reports. The statements contained in these annual reports give a...

  • Brexit would cost Britons a month’s salary by 2020 – OECD

    Leaving the European Union would potentially cost the average working Briton the equivalent of a month’s salaryby 2020, the Organisation for Economic Cooperation and Development said. Angel Gurria, secretary general of the organisation said...

  • Apple is upbeat on iPhone SE demand

    After announcing its first-ever drop in iPhone sales on Tuesday, Apple Inc sought to reassure investors by saying its latest and cheapest model was in strong demand after being launched in late March. Some retailers and suppliers in Asia aren’t so...

  • World stocks, US dollar down as markets await Fed

    Stocks on major markets rose slightly from session lows in early afternoon trading yesterday after disappointing earnings from Apple and Twitter late Tuesday, while the US dollar weakened ahead of a policy announcement by the Federal Reserve and...

Advert
Advert