Business
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RS2 Software share price regains its all-time high
The equity of RS2 Software plc traded back up to its all-time high of €1.04 during this morning’s session of the stock exchange on increased activity amounting to 68,163 shares. The company officially inaugurated its smart processing subsidiary...
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Tourism authorities are more confident but wary of growth
Tourism authorities in Europe are confident that the industry will continue to grow but are keeping their eyes wide open to what is happening around them. That is the message that Petra Hedorfer, chief executive of the German National Tourist...
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Airbus optimistic on A350 as profits rise
Airbus expressed growing optimism about the schedule for the keenly-awaited maiden flight of its A350 yesterday, amid speculation that its first new jet in almost a decade could debut before next month’s Paris air show. Scooping headlines at the...
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US stocks resume rise
Wall Street stocks rose yesterday on hopes steady US growth will extend their stellar run, while the strengthening dollar curbed the appetite for oil and gold. Investors resumed purchases of stocks and other higher-return assets, reducing their...
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Daily currency report
The case for an end to the Federal Reserve’s stimulus programme grew after data on US retail sales extended a run of forecast-beating US economic indicators in recent weeks, keeping the US dollar elevated near last week’s record highs. However, the...
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MSE Share Index edges minimally higher
The MSE Share Index closed the day slightly higher at 3,367.968 points as the 2.5 per cent decline in the equity of GO plc was offset by gains in various equities including Bank of Valletta plc, Lombard Bank Malta plc, FIMBank plc and Crimsonwing...
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Lloyds chairman stands down as government sale looms
Lloyds Banking Group plc chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multibillion pound government share sale. Bischoff, 72, has overseen a restructuring and...
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Money market report for the week ended May 10
On Monday, May 6, 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 €110.29 billion, €5.28 billion higher...
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European shares edge off peaks, banks are under pressure
European shares edged off five-year highs yesterday, with renewed concerns about ongoing problems facing banks sparking a wave of profit-taking in the second best-performing sector of the past month. An upcoming rights issues at Germany’s...
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Daily currency report
The G7 gave Japan another thumbs up on its aggressive monetary easing policy, which has put extreme downward pressure on the Japanese yen, with leaders ending last week’s meeting with relatively soft communication on currency markets. Meanwhile, the...
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BOV completes rebound from Wednesday’s decline
The share price of Bank of Valletta today advanced for the third consecutive session on the stock exchange to complete a rebound from last Wednesday’s 6% plunge. The bank’s equity gained a further 1.1% during this morning’s session (following the...
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UK goods trade gaps narrows slightly
Britain’s goods trade deficit narrowed slightly in March despite a rise in the deficit on trade in oil and other fuels to more normal levels, official data showed. The Office for National Statistics said the goods trade deficit shrank to £9.056...
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Generali shares jump as CEO Greco’s strategy bears fruit
Generali chief Mario Greco’s turnaround plan started to bear fruit as the Italian insurer delivered higher-than-expected earnings and improved its capital base, fuelling a near three per cent rise in its shares. Greco, at the helm of Europe’s...
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Shipping movements
These vessels are expected in Malta: The Meta from Tanger Med to Piraeus, the Regina Eberhardt from Algiers to Skikda, the Merito from Skikda to El Khoms, the Macao Strait from Misurata to Misurata and the El Toro from Tanger Med (all Carmelo...
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Next-gen broker set on growth path
Exante, the Portomaso-based integrated brokerage and fund platform firm, is to grow its Malta team and is preparing to open an office in London. The next-generation prime broker, currently also present in Russia and Singapore with an international...
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Go plc chairman explains company strategy at AGM
Go plc chairman Deepak Padmanabhan reiterated the company’s commitment to continue with its €100 million, six-year investment programme when he addressed shareholders at the annual general meeting at the Hilton Malta recently. While significant...
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MBB seminar on improving access to finance for SMEs
The Malta Business Bureau and Bank of Valletta are holding a seminar at the Hotel Phoenicia, Floriana, on May 21 on access to finance for small businesses. The MBB, through a recently published report is putting forward its proposals to Maltese and...
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OHSA seminar on crane safety
The Occupational Health and Safety Authority, in collaboration with the European Agency for Safety and Health at Work, organised a half-day seminar on crane erection and examination. The event was organised by owners, erectors and examiners of...
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Gasan Mamo introduces online insurance renewal
Gasan Mamo Insurance has introduced a new facility allowing customers to renew their medical insurance policy online at www.gasanmamo.com. The online medical insurance renewal service is user-friendly: customers who receive the insurance renewal...
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From online shopping to real life mopping
It happened so fast. One minute I’m trawling Mr Porter trying to decide whether to invest in a tip-tapping pair of Grenson leather brogues or a pair of flirty Derby shoes by Ted Baker. And the next, I’m doing a mental balancing act – should I spend...
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