Advert

Business

  • Equity trading activity remains high

    Trading activity across the local equity market remained high also during this morning’s session as €420,000 worth of equities changed hands today. The share index moved back into positive territory with a 0.2 per cent increase to 4,092.335 points...

  • Greece… a few more thoughts

    Greece… a few more thoughts

    Creditors are lending Greece to repay themselves This fact goes largely unsaid; most of the funds that Greece will get from an agreement will go straight back to the creditors. Greece has a debt to GDP ratio of 180 percent or €320 billion (all...

  • A review of property rental companies’ performance

    A review of property rental companies’ performance

    The three property rental companies, namely Malita Investments plc, Tigné Mall plc and Plaza Centres plc, all participated in the rally across local equities over recent months. In fact, a review of the performance of the various local share...

  • Supermarket operators Ahold, Delhaize agree on merger deal

    Supermarket operators Ahold, Delhaize agree on merger deal

    Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced yesterday, in a move that will create the sixth-largest food retailer in the US and the biggest in Europe’s Benelux region. In a joint...

  • Ikea Group to test new retail format in the UK

    Ikea Group to test new retail format in the UK

    Ikea Group plans to trial a new small-format store in Britain as it seeks to extend its reach across the country, the world’s largest furniture retailer said yesterday. The privately owned Swedish company, known for its flat-pack, self-assembly...

  • Australia to be sixth biggest shareholder in AIIB

    The Australian government yesterday said it would contribute $718.9 million over five years to the new China-led Asian Infrastructure Investment Bank (AIIB), making it the institution’s sixth largest shareholder. A total of 57 countries, including...

  • France, Saudi Arabia to sign $12bn contracts

    France and Saudi Arabia were planning to sign $12 billion of deals yesterday, French Foreign Minister Laurent Fabius told reporters during a visit by Deputy Crown Prince Mohammed bin Salman in deals highlighting Paris’ growing commercial ties in...

  • Presidents’ report sets out plan to strengthen EMU

    Presidents’ report sets out plan to strengthen EMU

    European Commission president Jean-Claude Juncker, together with the president of the Euro Summit, Donald Tusk, the president of the Eurogroup, Jeroen Dijsselbloem, the president of the European Central Bank, Mario Draghi, and the president of the...

  • Global stocks, dollar slip on Greece jitters

    Global equity markets and the dollar slipped yesterday as investors sought the safety of less risky assets as jitters increased over the likelihood of averting a Greek debt default. The dollar slid after hitting its highest in more than a week on...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the MCA MGM Orfeo from Port Klang to Valencia (Carmelo Caruana Co. Ltd) and the MSC Altair from Port Said to Valencia (John Ripard & Son...

  • RS2 hits yet another all-time high

    RS2 hits yet another all-time high

    RS2 Software plc advanced by a further 2.6% to yet another record high of €1.95 on strong volumes of 74,000 shares at the MSE today. Today’s uplift represents the eight consecutive increase since the 2-for-1 share split became effective on 12 June...

  • Valeo – A share that will drive you places

    Valeo – A share that will drive you places

    Audi, BMW and Volkswagen are all well-known companies in the auto industry. However, if I had to mention Valeo most people would not know what this company is all about.   Valeo is an automotive supplier, partner to most automakers worldwide. As a...

  • Eurozone businesses in healthy mode

    Eurozone businesses in healthy mode

    A resurgence of activity in France helped eurozone businesses expand at their fastest rate in four years this month, the clearest sign yet that the European Central Bank’s stimulus is driving a solid recovery in the region. But loose monetary...

  • Accounting watchdog probes KPMG over BNY Mellon compliance

    Accounting watchdog probes KPMG over BNY Mellon compliance

    Britain’s accounting watchdog has opened an investigation into how accounting firm KPMG made sure that Bank of New York Mellon complied with rules on keeping customer money safe. The Financial Reporting Council said yesterday the investigation...

  • Travel time counts as working time

    In a Spanish reference for a preliminary ruling, the Court of Justice of the European Union (CJEU) was called to consider the issue of working and travelling time. The reference was made in the course of proceedings brought by the Spanish...

  • Dollar and US bond yields rise as data supports Fed move

    The US dollar and bond yields rose yesterday as prospects for a Federal Reserve interest rate hike this year improved, while optimism that a deal could still be at hand to stave off a Greek default boosted European shares and kept a floor under US...

  • In twist, scientists join tobacco firms to fight cancer

    In twist, scientists join tobacco firms to fight cancer

    Scientists who have devoted years developing medicines to cure disease are now working for tobacco companies to make e-cigarettes. Philip Morris International Inc has hired more than 400 scientists and technical staff at its research facility in...

  • GO & RS2 extend positive run

    GO & RS2 extend positive run

    The share price of GO plc closed in positive territory for the seventh consecutive session of the stock exchange today, with a further 1.5% increase to €3.399 across five deals totalling 20,300 shares. GO’s equity has jumped 6.2% over the last...

  • Risk-Off, Risk-On

    Risk-Off, Risk-On

    Until last Friday, risk aversion was clearly on the rise as the markets were grappling for yet another Greek stalemate, with markets continuing to take cue from the lack of positivity coming out of the Greek debacle. Risk-on/Risk-off has been the...

  • British business leaders plan campaign for EU exit

    British business leaders plan campaign for EU exit

    A group of British business leaders and entrepreneurs are preparing to launch a campaign for Britain to leave the European Union at a planned membership referendum, a major donor to the UK Independence Party said. British Prime Minister David...