Market News

European stock markets experienced a downturn amid political instability in Germany and France, with the German DAX dropping 0.45% and the French CAC 40 declining 0.71% on Monday. This negative sentiment coincided with the euro’s decline against the dollar, hitting a two-year low of 1.0330 on November 22, following Donald Trump’s election victory and a […]

Medserv announced that it will not be carrying out a share repurchase programme for the time being but it will be repurchasing a maximum of €5,000,000 (equivalent in US Dollars for the USD Bonds) in the following bonds: The Bond repurchase programme is being carried out by the Company for the purpose of utilizing the […]

Corinthia Group has signed a partnership with Kuwaiti-based conglomerate Action Real Estate Company. The Corinthia Group has signed a partnership with Kuwaiti-based conglomerate Action Real Estate Company to explore investment opportunities for luxury hotels and real estate at prime locations in America and beyond. The Corinthia Group, trading as IHI plc, is an investor, developer […]

HSBC has confirmed that it has received interest from multiple parties regarding the potential acquisition of its 70% stake in HSBC Bank Malta. This was announced through a post by the Malta Stock Exchange on Thursday morning. While the identities of these potential buyers remain undisclosed, this development signifies a significant step in the ongoing […]

E-Stream, a leading innovator in sustainable energy solutions, has entered into a strategic development agreement with Goldencell, a renowned Chinese manufacturer of Lithium-Iron-Phosphate (LFP) batteries. This collaboration aims to develop a cutting-edge, all-in-one stationary energy storage system (ESS) that is both highly competitive and environmentally friendly. By combining E-Stream’s expertise in energy storage systems with […]

The Company’s net profit for the first nine months of 2024 stood at €39.5 million. In a statement, MIA highlighted that October passenger traffic surged by 8.7 percent year-on-year. The airport also reported a net profit of 39.5 million euros (41.9 million U.S. dollars) for the first nine months of 2024, with total revenue reaching 107.8 […]

U.S. stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won. Donald Trump’s U.S. presidential election victory boosted the stock market on Wednesday as investors bet on lower corporate taxes and deregulation, lifting shares of Tesla banks, small-cap companies and Trump’s own media company. His promise to make Tesla CEO Elon Mask head […]

HSBC Bank Malta reported strong profits with a reported profit before tax for Q3 YTD 2024 of €118.0m, an increase of 17% over the €100.8m profits reported in the same period last year. Revenue was up €19.0m or 11% when compared to Q3 YTD 2023. This was mainly driven by higher customer activity amidst the […]

The Group reported a record-breaking turnover of €88.7 million for the financial year 2024, reflecting a 25% increase. Malta’s DB Group has reported its highest-ever turnover in 2024, with a record-breaking turnover of €88.7 million reflecting a 25% increase It also registered an impressive 21% rise in EBITDA to €36.8 million, with total assets amounting […]

Bank of Valletta has obtained regulatory approval from the MFSA for the listing of an unsecured Euro Medium Term Bond Programme of up to €250 million and for the issuance of the first tranche of Bonds.  The first tranche of Bonds will be in the form of an issue of up to €100 million 5% […]

Hili Ventures, through its subsidiary Marsamxett Properties Ltd, is set to acquire 100 per cent of Tigné Mall plc after its voluntary public offer was accepted by the majority of shareholders. Marsamxett Properties Ltd began acquiring shares in Tigné Mall plc last year, amassing a total of just over 49.68 per cent of the share […]

E-Stream develops new battery storage technologies that make storing “green electricity” economical and user-friendly. It is active in 3 areas: The automotive segment/electric cars is a clear and significant plus. The strategy is currently focused on Europe, with Asia representing further potential. In the course of expansion, E-Stream also plans to enter the entire world […]