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Business

  • Ufilm signs agreement for services to seven productions

    Ugroup and its film branch Ufilm (formerly known as the Film Corporation) has reached an agreement with Tayrona for the provision of services to seven productions. This agreement will include the construction of a number of soundstages. Tayrona...

  • Considering cloud solutions

    The cloud and its associated language of things ‘as a service’ can be very intimidating for the executives of large enterprises, let alone the owners and management of SMEs. At the same time, cloud solutions are becoming more and more intrinsic to...

  • Europe shares bounce, Chinese data reassures

    European shares rose yesterday, reversing the previous session’s slide after economic growth data from China came in a touch above forecasts. At the close, the pan-European FTSEurofirst 300 index was up 1.2 per cent at 1,322.51 points, in a...

  • Emirates recruitment event

    Emirates Airline is holding an open day in Malta for cabin crew. This will take place on April 27 at the Corinthia Hotel, St George’s Bay, at 9am. The cabin crew recruitment open day offers interested applicants the opportunity to speak to the...

  • Power, prestige and status in business life

    As children we all loved the Hans Christian Andersen tale entitled The Emperor’s New Clothes. This tale tells how the Emperor, tricked by two swindlers, pretended to see what wasn’t there because he was afraid that his prestige would be shuttered...

  • Company briefs

    ICE Malta’s third conference will focus on the use of tablets in the classroom. ‘Your classroom. Their future’ will be held on April 22 between 10am and 1pm at the University of Malta. The event is being organised in collaboration with the...

  • Shipping movements

    The following ships are expected in Malta: The El Toro from Gioia Tauro to El Khoms, the Conwest from Sfax to Algiers, the Saint Roch from Benghazi to Benghazi (all Carmelo Caruana Co Ltd), the Jaguar from Benghazi to Benghazi and the Butterfly...

  • IHI sells London flats

    NLI Holdings, in which International Hotel Investments has a 50 per cent stake, has sold 11 of the 12 residential apartments adjoining the Corinthia Hotel in London. The penthouse is being retained by NLI, IHI said in a company announcement. IHI...

  • A new reserve currency?

    Many interested in the financial sector are watching intently as financial muscle seems to be passing from the West to the East with the resurg-ence of China. Indeed it is a matter of the sun rising in the East and hoping it will not set on the...

  • Appointments

    Medserv Group has co-appointed two new senior managers. Neil Patterson joined this month as group strategic development officer while Leonard Perkins has taken up the post of group health, safety and environment officer. Mr Patterson (centre in...

  • Blowing the whistle on ‘financial fair play’

    It is a common practice for football clubs to pay lucrative wages to the best players to secure the higher places in football competitions. Amid trends of heavy spending by a number of a professional football clubs across Europe, the Union of...

  • Draghi talks easing; Ukraine tensions escalate

    The week started with some agitation on financial markets, with several currency pairs opening with large gaps from last week’s close. European Central Bank President Mario Draghi revived talk of more stimulus to help stem the rise of the single...

  • Company briefs

    Bank of Valletta has released flower-themed motifs for its BOV MasterCard prepaid cards. Nature photographer Guido Bonett was once again the eye behind the lens which captured the beauty of the crown daisy, the caper plant, French daffodils and...

  • Economics of unemployment

    Unemployment figures often make headlines. Indeed this is an economic indicator frequently quoted in the financial and political press. Quite often the same figures are seen as exceptionally positive or particularly negative, depending on the...

  • BOV equity up for third consecutive session

    The equity of Bank of Valletta plc trended higher for the third consecutive session as it closed the session 0.4 per cent higher to regain the €2.37 level across 11 deals totalling 25,124 shares. The bank is expected to publish its interim results...

  • Europe’s banks prepare for ECB tests with new provisions

    The tens of billions of euros that eurozone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing European Central Bank stress tests in the next few months. A total of...

  • European shares sag as Ukraine worries, mixed updates weigh

    European stocks sank yesterday, resuming last week’s sell-off as worries over escalating tension in Ukraine and weak updates by bellweathers including Nestlé spooked investors. Renewed concerns over the pace of growth in China ahead of GDP figures...

  • Lufthansa to continue with Score restructuring after 2015

    Germany’s Lufthansa will continue with measures to cut costs and drive revenue even after its current restructuring program­me, dubbed Score and due to run only until 2015, has ended, its outgoing chief executive said. “We are looking at what will...

  • Daily currency report

    The euro opens at the lower end of ranges seen against the US dollar. Eurozone industrial output figures were released in line with forecast, which provided some support for the single currency, but gains were hard to hold on to. The dollar surged...

  • GSK faces criminal bribery investigation in Poland

    GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China and Iraq. Poland’s Central Anti-Corruption...

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