Maintains spectacular growth in sales and profits   Logicom Public Co. Ltd. (LOG), Cyprus’ leading IT company with a presence in 14 countries, aims to maintain its spectacular growth by continuing with its expansion drive into new markets and high growth areas. Logicom Managing Director Varnavas Irinarchos told the Financial Mirror in an exclusive interview

As it does every month, PandaLabs has drawn up the list of the ten viruses most frequently detected by ActiveScan, the free online antivirus solution from Panda Software. As happened throughout 2006, the January Top Ten is headed by Sdbot.ftp, a generic detection of the script used by some malicious code to exploit certain vulnerabilities

Further to the announcement dated January 17, 2007 regarding the acquisition of 95% of the share capital of Shelton Shipping & Trading Corporation against the amount of EUR 4,2 mln in cash, the Board of Directors of Exelixis Investment Public Ltd clarifies that board members with a stake in Shelton did not participate in the

Bank of Cyprus Group has proceeded with the acquisition of 904.766 shares or 75,89% of the share capital of O.N.T. Carpati SA (O.N.T.) from New Marathon Group in order to pay off the outstanding obligations of the company owed to the Bank. The acquisition price was agreed at 12,70 RON per share, (total amount 11.490.528

SFS expects positive results from golf investment   Woolworth (Cyprus) Properties Pcl (FWW) issued a positive profit warning indicating that the Group’s 2006 profitability will be significantly improved compared to the reported profitability in 2005, which amounted to EUR 3.9 mln. According to the announcement, the improved profitability is mainly driven by the increase in

Euroxx Securities, a member of the ASE and a remote member of the CSE commenced coverage of the Marfin Popular Bank shares with a price target of EUR 10 per share and an “overweight” recommendation, in a research note dated January 30, 2007. The price target implies a 20% capital appreciation target considering that the

Marfin Popular Bank is forecast to realize net profits of EUR 614 mln by 2009 according to leaked reports referring to its 3-year Strategic Business plan. The profit growth is seen at 32.1% annually from 2007 until 2009 and compares with forecasted net profits of EUR 360 mln for 2007 and EUR 470 mln net

The Church of Cyprus has concluded an agreement to purchase the 7.17% stake of Marfin Popular Bank in the share capital of Hellenic Bank Pcl (HB), raising its stake to 24% plus. The agreement was wrapped up during a meeting that the Archbishop of Cyprus Chrysostomos II had with MPB CEO Andreas Vgenopoulos in Nicosia

Bank of Cyprus Public Company Limited has revised its Public Offer to the shareholders of Cytrustees Public Company Limited for the acquisition of up to 50% plus one share of Cytrustees issued share capital. The Revised Public Offer revises the offer consideration to EUR2,25 in cash for each Cytrustees share from EUR2,20 per Cytrustees share

MFS Public Co. Ltd., has purchased the 35.12% stake of Marfin Popular Bank in Universal Life Insurance Pcl at CYP 3 per share in a deal valued at EUR 24.1 mln. MFS, which was recently acquired by the Aspis Group of Greece purchased a total of 4.6 mln of Universal Life Insurance shares. Six months