Advert

Business

  • Sports Direct makes up with Adidas after spat

    Britain’s biggest sporting goods retailer Sports Direct posted a 20 per cent rise in full-year profit and said it had made up with key supplier Adidas AG after a recent row with the German sportswear firm. Sports Direct had criticised Adidas for...

  • Murdoch tells G20 governments to take the back seat for growth

    Murdoch tells G20 governments to take the back seat for growth

    Media mogul Rupert Murdoch yesterday criticised excessive financial regulation as stymieing free markets and urged Group of 20 governments to “take a back seat” to allow businesses to drive economic growth. Murdoch also said US President Barack...

  • European shares slump on news of Malaysian plane tragedy in Ukraine

    European shares slumped yesterday, sharply extending losses at the end of the trading day on news that a Malaysian passenger plane had crashed in Ukraine near the Russian border. The crash revived investors' fears over tensions between Ukraine and...

  • Company briefs

    Company briefs

    Value is the theme of the 2014 summer campaign launched in Maypole’s 11 outlets last month. Supported by some two dozen brands, the offers are based around lower pricing, free giveaways and special combo packs. “These are not sales gimmicks but...

  • Go shares jump on bid for Forthnet

    Go shares jump on bid for Forthnet

    The MSE share index advanced by 0.3 per cent to 3,308.077 points mainly due to the 2.5 per cent uplift in the share price of Go plc to €2.27,5 on increased volumes of 39,060 shares across eight deals. The increase in Go’s share price can be...

  • Vodafone bids to buy Forthnet

    Britain's Vodafone and its Greek business partner Wind have offered to buy the shares they don't already own in Forthnet, a small Greek internet, telephony and pay television provider, Forthnet said on Thursday. Vodafone and Wind, who already own...

  • Fiscal incentives for private pensions too low

    Fiscal incentives for private pensions too low

    The government may have to go back to the drawing board after stakeholders expresssed dismay at proposed fiscal incentives for third pillar pensions. Finance Minister Edward Scicluna had promised some weeks ago to launch optional private pensions...

  • Rampant tax evasion in used-car sales – ICDA

    Rampant tax evasion in used-car sales – ICDA

    The Island Car Dealers Association has warned that there is rampant tax evasion in the sale of used cars, as these are being sold by dealers without charging VAT. “According to legislation, if you sell more than seven cars a year, you need to have...

  • Used car market rules for luxury brands

    Used car market rules for luxury brands

    In the past five years, the amount of used higher end passenger car brands imported has dramatically overshadowed sales of new cars from the local agents, with only 9.8 per cent of BMWs and 13.2 per cent of Jaguars being bought new. Mercedes fared...

  • Manufacturing still has role to play

    Manufacturing still has role to play

    The European Commission wants to build up manufacturing to 20 per cent of GDP, but here in Malta, the percentage is still dropping and is almost half the level it was pre-global crisis. But does this percentage tell the whole story? The percentage...

  • Feltom lobbying for more of MTA marketing share

    Feltom lobbying for more of MTA marketing share

    The federation representing English language schools is lobbying for a higher share of the Malta Tourism Authority’s marketing spend, arguing that the main schools spend up to 10 times as much as the authority. Feltom estimates that its sector...

  • A pragmatic approach to tax enforcement

    A pragmatic approach to tax enforcement

    Revenue Commissioner Marvin Gaerty told Vanessa Macdonald that defaulters and evaders usually regularise their position as soon as they know they have been found out – but warned there would be zero tolerance for those that did not. It is very...

  • ‘Wind’-ing up the chances of success

    ‘Wind’-ing up the chances of success

    Ryan Xuereb carefully lines up his mobile phone with the corner of the leather desk pad and when he realised I was watching him, he laughed. “I know. I have a touch of OCD. But you know... I am very aware of little details and perhaps that is what...

  • Distorted vision of competition

    There have been four editions of The Business Observer so far ­and one theme has emerged consistently from the various stories: that the protectionist attitude of the pre-EU era has not been completely exorcised from the local psyche; and that...

  • Whatever money you may have…

    Whatever money you may have…

    Spend it. Quick. Get rid of it today. Think not of tomorrow. This is not the mantra of the financially irresponsible. It is the incentive that monetary and financial institutions across the eurozone, starting from the Board of Governors of the...

  • Is the European banking crisis returning?

    Is the European banking crisis returning?

    Last Thursday, fears over the health of one of Portugal’s largest banks triggered a sharp decline across international equity markets especially in the banking sector. Meanwhile, yields on Portuguese government bonds rose reflecting declining...

  • 100,000 sq. m of ­office space being built

    100,000 sq. m of ­office space being built

    Over 100,000 square metres of office space is at various stages of construction and finishing, half of it at the Farsons business park, according to the manager of the commercial properties division at Frank Salt Real Estate Ltd. A third of the...

  • MEPs call for trade transparency

    EU citizens must be better informed of the progress of EU-US talks on the proposed Transatlantic Trade and Investment Partnership (TTIP), said MEPs from all political groups debating the issue with EU trade Commissioner Karel De Gucht. MEPs from...

  • High ranking for online brokers

    High ranking for online brokers

    Online traders face a number of choices when deciding which brokerage firms to work with globally. With so many options, potential users increasingly look to Forbes, FT, Bloomberg, Wired and Kiplinger’s Personal Finance among others to help find...

  • Portugal Telecom to revise terms of merger

    Portugal Telecom has agreed to revise terms of a merger with Brazil’s Oi to reflect a lower valuation of the Portuguese company after a holding company of the troubled Espirito Santo family failed to repay a $1 billion loan. Portugal Telecom said...