Market News

Frasers Group, the UK-based retail giant known for Sports Direct and House of Fraser, has acquired a substantial 41.98% stake in Malta’s Hudson Holdings Limited. Hudson Holdings operates popular retail chains like Urban Jungle, Urban Bratz, and Hudson Store. They also represent major sports brands such as Nike, Converse, Timberland, New Era, and Intersport, as […]

HSBC Bank Malta plc has announced the agenda for its upcoming Extraordinary General Meeting (EGM), scheduled for Thursday, 13th February 2025, at the Corinthia St George’s Bay in St Julian’s. The primary item on the agenda is a resolution seeking shareholder approval to disclose confidential and unpublished price-sensitive information to potential buyers. This step is […]

The Board of Directors has proposed a recommendation for shareholders at the upcoming Annual General Meeting (AGM) to approve a share buyback programme with the following key details: An explanatory circular will be sent to all shareholders prior to the AGM with further details about the programme. Full-Year Traffic Update Malta International Airport reported a […]

Germany’s inflation surged to an 11-month high of 2.6% in December, exceeding market expectations of 2.4%. Preliminary prints from the Federal Statistical Office, released on Monday by the Federal Statistical Office, saw consumer prices climb from November’s 2.2% increase and surpassing economists’ forecasts of 2.4%. Core inflation also ticked higher to 3.1%. The data sparked […]

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 […]