Issue link: https://maltatoday.uberflip.com/i/625693
maltatoday, WEDNESDAY, 13 JANUARY 2016 12 Regular market closed – 12/1/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ 6PM 4,154 2,937.800 2 0.710 0.700 0.710 0.700 0.000 ▼ BOV 12,300 28,905.000 7 2.350 2.350 2.350 2.350 -0.029 ▼ FIM 17,000 10,710.000 1 0.630 0.630 0.630 0.630 -0.030 ▼ GCL 200 70.000 1 0.350 0.350 0.350 0.350 -0.150 ▲ GHM 2,000 2,060.000 1 1.030 1.030 1.030 1.030 0.030 ▲ GO 5,320 16,266.600 5 3.080 3.040 3.040 3.080 0.010 ▼ HSB 43,659 75,911.310 14 1.740 1.731 1.740 1.731 -0.019 ▼ IHI 29,000 20,880.000 2 0.720 0.720 0.720 0.720 -0.030 ▲ LOM 1,499 3,725.020 1 2.485 2.485 2.485 2.485 0.035 ● LQS 1,000 120.000 1 0.120 0.120 0.120 0.120 0.000 ● MDI 10,300 3,605.000 1 0.350 0.350 0.350 0.350 0.000 ▼ MIA 2,140 9,030.100 4 4.300 4.210 4.300 4.210 -0.090 ▲ MPC 29,003 16,076.380 7 0.560 0.550 0.550 0.560 0.010 ▼ MTP 12,000 22,440.000 2 1.870 1.870 1.870 1.870 -0.070 ▼ G16A 23,294 23,596.820 1 101.300 101.300 101.300 101.300 -0.030 ▼ G17C 1,248,500 1,343,760.550 2 107.630 107.630 107.630 107.630 -0.050 ▼ G21A 4,812 5,955.330 1 123.760 123.760 123.760 123.760 -0.240 ▼ G23A 11,647 15,396.170 1 132.190 132.190 132.190 132.190 -0.410 ▼ G29BA 28,500 30,087.750 2 105.630 105.150 105.150 105.630 -0.050 ▼ G31A 10,000 14,121.000 1 141.210 141.210 141.210 141.210 -0.610 ▼ G33A 2,400 3,104.640 1 129.360 129.360 129.360 129.360 -0.550 ▼ G40A 16,300 17,509.460 1 107.420 107.420 107.420 107.420 -0.230 ▲ GF21A 13,200 14,124.000 2 107.000 107.000 107.000 107.000 1.000 ▲ HB17A 50,000 51,250.000 2 102.500 102.500 102.500 102.500 0.490 ▼ IG24A 5,700 6,184.500 3 108.500 108.500 108.500 108.500 -0.250 ▼ IH25A 3,100 3,309.320 4 107.000 106.590 106.590 107.000 0.400 ● PC20 14,000 14,561.400 2 104.010 104.010 104.010 104.010 0.000 ● PG22A 33,000 36,990.000 3 113.000 110.000 110.000 113.000 0.000 ▲ PT24A 3,000 3,210.000 1 107.000 107.000 107.000 107.000 0.990 ● TI24A 1,100 1,199.110 1 109.010 109.010 109.010 109.010 0.000 Market Summary as at January 12 , 2016 Equity Offi cial List Session State ................................................................... Market Closed Number of trades ............................................................. 77 Volume Traded ................................................................. 1,638,128 Value of € denominated securities .................................... 1,783,449.460 Value of US$ denominated securities ................................ 10,710.000 Value of GBP£ denominated securities .............................. 2,937.800 Current Index ................................................................... 4,414.326 Previous Index ................................................................. 4,470.182 Change in Index (%) ......................................................... -1.250% 6pm Holdings plc ......................... 0.700 0.00% MaltaPost plc ................................. 1.870 -3.61% Bank of Valletta plc ....................... 2.350 -1.22% Medserv plc .................................. 1.680 0.00% FIMBank plc ................................. 0.630 -4.55% Mapfre Middlesea plc .................... 2.300 0.00% GlobalCapital plc .......................... 0.350 -30.00% MIDI plc ........................................ 0.350 0.00% GO plc .......................................... 3.080 0.33% Plaza Centres plc ........................... 1.000 0.00% Grand Harbour Marina plc ............. 1.030 3.00% RS2 Software plc ........................... 3.200 0.00% HSBC Bank Malta plc ..................... 1.731 -1.09% Simonds Farsons Cisk plc .............. 6.000 0.00% International Hotel Investments plc 0.720 -4.00% Tigné Mall plc ............................... 0.960 0.00% Island Hotels Group Holdings plc .. 1.101 0.00% Pefaco International plc ................ 2.240 0.00% Lombard Bank Malta plc ............... 2.485 1.43% Santumas Shareholdings plc ........ 1.818 0.00% Malita Investments plc .................. 0.950 0.00% Malta Properties Company plc ....... 0.560 1.82% Malta International Airport plc ....... 4.210 -2.09% MSE Index Business Today Air France registers €70 million drop in revenue after Paris attacks Air France-KLM has said lower book- ings after the Paris terror attacks led to a €70million drop in revenues in December. However, bookings picked up towards the end of the month, suggesting a "progressive recovery", it said. The airline suffered a €50million fall in revenues in November after the attacks, in which 130 people were killed. In December, North America and Asia flights were particularly affected, the airline said. In its monthly traffic update, the company said: "The negative impact of the Paris attacks on December revenues is estimated to be around €70million, with significant easing during the last two weeks. "Booking trends in December were in line with a progressive recovery." Passenger numbers on Air France, KLM, and HOP! dropped 1.1% to 6.2 million. But once Dutch budget airline Transavia was included, total passenger numbers were "stable" at 6.7 million. Air France-KLM shares rose 2% in early trading to €7.73. Last month, another airline, Monarch, said passengers had booked trips later in the immediate aftermath of the attacks in Paris and Sharm el- Sheikh, but that bookings had later recovered. Scandinavian carrier SAS also said it had seen a drop in travel to Paris straight after the 13 November attacks. McDonald's faces competition complaint from Italian consumers' organisations McDonald's has been accused of abusing its market power by im- posing unfair and restrictive con- tracts on people operating fran- chise restaurants in Europe. A formal complaint to the European Commission has been made by a group of Italian consumers' organisations. They accuse McDonald's of forcing franchisees to pay excessive rents and high fees - which get passed on to consumers in the form of higher prices. McDonald's has yet to comment. The Service Employees International Union (SEIU) and European unions, including the Bakers Food and Allied Workers Union in the UK, are supporting the formal antitrust complaint. "McDonald's abuse of its dominant market position hurts everyone: franchisees, consumers, and workers. We strongly urge the European Commission to investigate the charges and to use all of its powers to hold McDonald's accountable," said SEIU organising director, Scott Courtney. The European Commission said it would now study the submission. It has the powers to launch an investigation if it believes the allegations are founded. The consumer organisations claim franchisees are prevented from switching to competitors because McDonald's makes them sign longer-than-average contracts. They also said licensees lease premises from the company at above market rates. It is claimed this leads to poorer consumer choice and higher prices in franchise stores as opposed to those owned directly by the company. Franchisees own and operate 73% of McDonald's restaurants in Europe. McDonald's received $9.27billion in revenues from its franchised restaurants worldwide in 2014. Belgium's tax breaks for multinationals ruled illegal state aid The European commission has ruled that the brewer ABInBev, BP and 33 other multinationals have received sweetheart tax deals from Belgium so generous as to amount to illegal state aid. It has ordered Belgium to revise its tax settlements with the companies concerned, charging them combined additional taxes of €700m. At the heart of the ruling was an objection to Belgium's so-called "excess profit" tax regime, which assumes that multinationals should be entitled to tax breaks because they have economies of scale. In practice it allows some international groups to reduce their Belgian tax burden by up to 90%, the commission found. "In essence, the scheme allowed companies to pay substantially less tax, simply because they are multinational and could benefit from alleged synergies," said Margrethe Vestager, Europe's competition commissioner. "National tax authorities cannot give any company, however large or powerful, an unfair competitive advantage compared to others." The commission ruled that member states should not hand out tax breaks for assumed efficiency gains, if those gains could not also be shown in the companies' profits. The Belgian finance minister, Johan Van Overtveldt, said the ruling was expected and that the "excess profit" system, which was introduced in 2005, had been on hold since February 2015, when the commission had first announced its investigation. Vestager has opened similar state aid investigations into member states that had struck controversial tax deals with large US multinationals. Inquiries into Apple's deal with Ireland and Amazon's arrangement with Luxembourg are ongoing. The commission ruled against the Netherlands and Luxembourg last year over tax deals they had struck with Starbucks and Fiat respectively. Both countries are appealing against the decision.