Sharelink Securities & Financial Services have revised their price target on Marfin Popular Bank (CPB) shares following the new guidance on the Group’s profitability targets stated by Management. “Based on the view that the Group is able to achieve them, we have revised our forecasts for CPB for the period 2007-2009,” said Sharelink in an

PHC Franchised Restaurants Pcl (PHC), the franchise operators of Pizza Hut, Everest and other take away and food related operations reported its preliminary 2006 results, showing a decline in profits. PHC reported that while turnover jumped to EUR 22.48 mln or CYP 12.99 mln in 2006 from EUR 19.14 mln or CYP 11 mln in

The Board of Directors of Hellenic Bank Public Company Ltd will meet on Wednesday, February 21, 2007 to examine the preliminary results for 2006 and the revised targets of the Three-Year Strategic Plan 2007 – 2009. The indicative results for 2006 and the revised targets of the Three-Year Strategic Plan 2007 – 2009 will be

XS Capital is organising a Pension and Provident Fund workshop aimed at fund managers and for this purpose has invited distinguished speakers from Credit Suisse to address the workshop. The workshop aims to cover the issues faced by the investment committees/plan sponsors of Cypriot provident funds and pension schemes, by drawing on the knowledge and

Google has fixed a security hole in several of its services that exposed the address books of Gmail users, USA TODAY reports. An attacker could create a malicious website that would copy all the entries in a Gmail user’s address book, a potential treasure trove for spammers. The only condition was that the user would

A security weakness in the Acrobat Reader software could spark a rise in Web-based attacks, silicon.com reports. An error in the Web browser plug-in of Adobe Systems’ tool lets cyber crooks co-opt the address of any Web site that hosts an Adobe PDF file for use in attacks, security experts have warned. An attacker could

A leading mobile security researcher has unveiled a new proof-of-concept exploit targeting an unpatched Windows Mobile vulnerability that has been publicly disclosed for over six months, SC Magazine UK reports. Researcher Collin Mulliner’s proof-of-concept code takes advantage of a flaw in the Synchronized Multimedia Integration Language (SMIL) in MMS messages, which is vulnerable to buffer

The Board of Directors of Cytrustees Investments Pcl (CYTR), after evaluating the bid proposal submitted by Bank of Cyprus Pcl (BOCY), seeking a minimum 50% of the company at EUR 2.20 per share in cash, has said that the offer should be improved to at least EUR 2.47 per share based on the recent improvement

Big drop in youth unemployment   The unemployment rate in Cyprus measured on the basis of the quarterly Labour Force Survey dropped to 4.0% in the third quarter of 2006, compared with 5.1% in the same quarter of 2005, according to the Statistical Service CYSTAT. The Labour Force Survey is carried out every quarter in