Corporate News

Over a coffee with … Nikhil Patil, CEO of GO plc

You and Malta... How did it start? I have been involved with GO and Malta since 2005. Back then, when GO was still Maltacom, I had led the…

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Midday Corporate Dispatch – Financial and Corporate News

Italy will lower its structural deficit next year and is not seeking favors from the European Union, Prime Minister Giuseppe Conte has written in a letter to EU leaders as…

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John Legend partners with Pampers in response to a dad’s viral Instagram campaign calling for installation of changing tables in men’s restrooms

In the US, thousands of men’s restrooms are about to get a much-needed upgrade thanks to John Legend, Pampers, and a dad’s viral Instagram photo. Donte Palmer is a father-of-three…

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The ‘business and marketing motives’ behind Ryanair’s Malta Air and its other subsidiaries – Economist

'Ryanair, has long defied conventional wisdom when it comes to branding. Its garish yellow and blue livery–much like its loud-mouthed chief executive, Michael O’Leary–is an assault on the senses. While…

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Malta : ING to stop clearing US dollar transactions for BOV as of December

Bank of Valletta’s last correspondent bank for US dollars transactions is pulling the plug on its relationship with the Maltese bank come December. ING will stop clearing US dollar transactions…

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Chinese Club Med owner in talks to buy Thomas Cook tour operating business

The Chinese owner of Club Med is in secret talks to buy Thomas Cook's‎ tour operating business, paving the way for the potential break-up of the 178 year-old British travel…

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Creator of Tunnock’s Teacake knighted by Queen Elizabeth

Boyd Tunnock, the man who invented the Tunnock’s Teacake said he is “deeply honoured” as he was knighted in the Queen’s Birthday Honours list. He was recognised for services to…

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Wizz Air delivers strong full-year results

Low-cost airline Wizz Air has delivered strong full-year results, with pre-tax profit up 4.5 per cent to €300m, bucking a recent trend of bad news in the industry. Chief executive…

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Apple will shut down iTunes service as it prepares for the future

After 18 years, tech giant Apple has announced it will officially shut down iTunes. This may come as sad news to the nostalgic among us, but Apple’s CEO Tim Cook…

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HP sauce adds BigBen scaffolding to famous label in first change in 124 years

HP Sauce has taken a cue from its namesake - with a redesign of its famous label. Bottles of the quintessentially British condiment, named after the Houses of Parliament, usually…

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Abercrombie & Fitch CEO says smaller stores are the future

Abercrombie & Fitch CEO Fran Horowitz said in an interview with CNBC that smaller stores are the future. Abercrombie will do 85 store redesigns in 2019, including some for its…

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12% increase in GO’s operating profit

During GO p.l.c’s 21stAGM held on Tuesday, Chairman Mohamed Fadhel Kraiem praised the company’s resolve to achieve stronger results and return on investment that continues to add value to the company’s…

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Island Insurance Brokers Ltd Celebrates 30th Anniversary

Island Insurance Brokers hosted an event to celebrate its first 30 years of operations. The reception for the company’s clients and employees, was held at the Marsa Sports Club and…

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Uber launches IPO

CNBC reports that Uber began trading on the New York Stock Exchange Friday at $42 per share, below its IPO price of $45. The stock was down about half a percent…

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Lego introduces Lego Braille Bricks to help visually impaired children learn the language

This week, the Lego Foundation, which is funded by the Lego Group, the Danish toy company that makes the blocks, announced a new project that will repurpose the usual knobs…

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Marriott International launches its own ‘home rental service’ targeting Airbnb

Marriott International has become the first major hotel company to launch its own home rental service, taking aim at the business at the heart of Airbnb’s success. The world’s largest…

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Court ruling paves way for £14bn lawsuit against Mastercard

A £14bn lawsuit against Mastercard for imposing charges on UK consumers has moved a step closer towards proceeding after a court reversed an earlier decision by the Competition Appeals Tribunal…

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Lufthansa issued profit warning resulting from rising fuel costs, excess seat capacity

Lufthansa has become the latest European airline to reveal it is suffering financial turbulence and said it would make a €336m loss for the first quarter of 2019. The German…

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Debenhams goes into administration

Debenhams has gone into administration with control passing to the struggling department store chain's lenders. The Independent reports that the company's 165 stores will initially continue to trade but 50 have been…

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Iceland’s Wow Air collapses and goes out of business

Icelandic budget airline Wow Air has collapsed and gone out of business after failing to finalise an equity deal with investors. WOW air said all passengers have been informed via…

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Deutsche Bahn exploring sale or public listing of Arriva

German railway operator Deutsche Bahn said on Wednesday it will explore a sale or public listing of its British unit Arriva, adding this would enable the group to lower debt…

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The First Year of Corporate Dispatch

Today Corporate Dispatch is celebrating it's first anniversary from it's launch. Twelve months during which a lot was achieved and even more is planned in the months and years ahead…

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Corporate News : Malta Public Transport launch new product to facilitate Park and Ride service between Pembroke and University and Mater Dei Hospital

Malta Public Transport launched a new product to facilitate the Park and Ride service between Pembroke and the University of Malta and Mater Dei Hospital: a €20 pass that gives…

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Barbie turns 60

Barbie, the fashion doll famous around the world, celebrates her 60th anniversary on Saturday with new collections honouring real-life role models and careers in which women remain under-represented. It is…

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Barbie lineup to get more inclusive

The Barbie Fashionistas line offers over 100 looks to reflect a variety of appearances and identities, and the collection is about to get even more inclusive in 2019. Mattel announced…

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AI, The Future Competitive Advantage – New Advisory Services To Help Companies Gear Up For the AI Revolution

The rapid changes that the world is facing could mean that many organizations will not be ready for the Artificial Intelligence (AI) revolution. This is worrying especially when one considers…

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Samsung ditches plastic packaging in favour of recycled materials

Samsung electronics division announced its new sustainability policy Sunday and it involves changing product packaging for its phones, tablets, and wearables. Now, instead of plastic, pulp molds will form holder…

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Man behind Loacker wafers dies aged 78

Armin Loacker, the man behind the success of Loacker wafers, died at the age of 78. The company was founded in 1925 by his father Alfonso. Together with his sister…

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Marks and Spencer plans to close 17 stores

Marks & Spencer plans to close 17 more stores with the loss of 1,000 jobs, as the retailer continues to restructure its business in the face of changing consumer spending…

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Breathing Back LIFE Into Family Business

Breathing back LIFE into such struggling businesses is possible when people are put first. - Dr Anthony Sammut Partner NOUV I come from a family business background, (no surprise given that…

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Business Weekly and Financial News Review

Good morning What follows is a selection of financial, corporate and business news which can be read on today's edition of The Malta Business Weekly. Local equities end positive year on…

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Panini’s stickers company post a one billion euro turnover in 2018

The Italian company making the stickers posted a record one billion euro turnover last year. Many people around the world have fond memories of collecting the iconic panini football stickers…

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French company Vinci acquires 50.01 per cent of Gatwick airport

When drones were spotted hovering around Gatwick airport in the week before Christmas, it was not only flights that were delayed — the airport’s owners had to put the sale…

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Three takeover offers made for Alitalia

Troubled Italian carrier Alitalia has received three takeover offers as part of its latest rescue efforts, the company said in a statement on Wednesday. The offers will be examined by…

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If IoT is the future, GO is already ahead of the game – Nikhil Patil Go CEO

“If IoT is going to be the new battleground on which communications companies are going to forge their competitive edge over the next few years, then I can confidently say…

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GO Announces New €2 Million Fund For Start-Ups

“As the longest standing telecoms company in Malta, we have been enabling local businesses to thrive and innovate with our robust and reliable telecommunications services. All innovative developments of recent…

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Camper & Nicholsons Marinas participates at the Malta Maritime Summit 2018

Mathieu Salomon, Technical Director of Camper & Nicholsons Marinas, was one of five influential panelists at the Malta Maritime Summit 2018, which took place between the 1st-5th October in Valletta.…

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Nike deeply concerned with allegations against Ronaldo

Nike says it is "deeply concerned by the disturbing allegations" facing footballer Cristiano Ronaldo. The sportswear company issued a statement after a woman filed a lawsuit claiming she was raped…

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Michael Kors set to buy Versace for about €2 Billion

Michael Kors Holdings Ltd. is close to a deal to buy Italian fashion house Gianni Versace SpA for about €2 billion ($2.35 billion), people familiar with the matter said Monday,…

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Over a Coffee . . . with Franco Azzopardi, Chairman and CEO of Express Trailers

“People are the main drivers of our business. Equipment and space are investments that anyone can do. But attracting, training, and retaining the best people is a culture,” says FRANCO…

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Malta-based company exhibits revolutionary heart monitor at Intelligent Health

Umana was one of the select companies taking part in Intelligent Health in Basel, Switzerland. The Malta-based company exhibited its revolutionary Umana T1 Heart Monitor at the international summit, the…

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Costa Coffee is being bought by Coca-Cola

Coca-Cola is to buy the Costa Coffee chain from UK leisure group Whitbread in a £3.9bn deal that sets up the world’s biggest beverage maker to take on Starbucks, Nestlé…

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Lego Minifigure turns 40

The Lego Minifigure comes in all shapes, sizes and characters. Disney, Star Wars, DC, Harry Potter -- all of these movie worlds have had their characters appear as figures. The…

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Corporate News : All New Opel Grandland X launched

The latest model in the Opel stable is now in Malta as Motors Inc. officially launched the All-New Grandland X on Friday August 3. The much-awaited SUV introduces forward-looking aesthetics…

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More turbulence for Ryanair as German pilots vote for industrial action

Ryanair’s German pilots have voted for industrial action, joining several of the airline’s other unions across Europe, as a summer of strikes looks set to spread. The pilots, 96 per…

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Thursday Morning Briefing

Good morning From Malta to Washington, from Pakistan to Brussels, from Syria to France, from Italy to Mars and back... here are the main news as reported by main news…

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Amazon UK’s boss warns of civil unrest within weeks of a no-deal Brexit

Sky News / Guardian / Irish Times Amazon’s UK boss has warned the country’s Brexit secretary Dominic Raab, that Britain would face “civil unrest” within weeks of a no-deal Brexit, adding the online retailer’s…

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How one would replace Marchionne, if ever he can be replaced?

Chris Bryant, writes on Bloomberg at the close of a now famous presentation in which he chided the auto industry for its profligate ways, Sergio Marchionne quoted a telling passage from Lewis Carroll's “Through…

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The Friday Morning Briefing

Good morning, The world news scene was 'overshadowed' by Trump's tirades and comments at NATO summit and in Britain. He can easily be dubbed as a the 'agent of disruption'…

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Express Trailers To Support Alive2018 Cycling Charity

Express Trailers will be supporting this year’s ALIVE2018 Cycling Challenge for Cancer by providing all the logistics and transport of the cycling equipment from Malta to Austria. Besides this logistical…

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Monday Morning Briefing

Good morning The rescue operation currently underway in Thailand dominated most of the international news outlets agenda. However during the past hours Theresa May's latest setback on Brexit, with the…

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Corporate News: Final works on Express Trailers’s new central warehousing facilities

Express Trailers is about to take third-party logistics to the next level as work on its new 2,800sqm warehouse is in its final stages. Located centrally in Qormi, this new…

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Corporate News: Hyundai Motor announces partnership with Chelsea Football Club

Hyundai Motor has today announced a multi-year partnership with Chelsea Football Club, which will see the Hyundai brand logo presented on the sleeve of the new Blues jersey in all…

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€4,000 presented by Malta Institute of Accountants to Dar tal-Providenza

A total of €4,000 have been presented by the Malta Institute of Accountants to Dar Tal-Providenza. The donation included also donations by the Institute’s members during the past month and…

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MEAINDEX – A needed vital link for the Maltese corporate world eco-system launched

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Strategy, vision and passion! – A coffee with Frederick Micallef, Databyte.

By the end of this year, DataByte will be launching two flagship products in line with their strategy to becoming strong players with delivering cloud software solutions: a further improved…

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Hyundai’s i10 achieves the Highly Rated Car of the Year Award 2018

The title of Most Highly Rated Car of the Year has been awarded to the Hyundai i10 in the 2018 Honest John Awards, based on the feedback and experiences of…

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