CLR Securities & Financial Services, a member of CLR Capital maintained its lead as the brokerage firm with the biggest market share, lifting its market share in February to 18.44% and since the start of 2005 to 18.84%, data released by the CSE show. Sharelink Securities & Financial Services, a member of SFS Public Co.

Chemicals boom Industrial output rose year on year for its second consecutive month in December 2004, rising by 2.5% compared with December, following a 4.3% year-on-year increase in November. Manufacturing rose year on year by 0.5% in December, Electricity gas and water by 11.0% while mining fell by 0.6%. The Index of Industrial Production (Base

Majority state-owned airline Cyprus Airways (CAIR) announced net losses after of CYP 33.5 mln in 2004, a 160% increase on the losses of CYP 20.9 mln recorded in 2003. The huge losses come in spite of a 3.6% an increase in (non-HellasJet) passengers, which failed to boost the bottom line because of a fall in

The majority shareholder of Quantum Corp. (GLO), Athanassios Ktorides announced the intention to submit a public takeover bid, seeking 100% control of the company, offering shareholders CYP 250 per share in cash. The shares of GLO did not show any reaction to the news as there were no trades. On Monday, the share price fell

Most of the flights of national carrier Cyprus Airways flights were grounded Tuesday when cabin crew went on indefinite strike after layoffs were announced a day earlier. Passengers were delayed by several hours and tourists were flown out on alternative flights. In all 22 chief stewards were laid off, following the smooth redundancy of another

Cyprus on course for the euro According to preliminary general government fiscal accounts for 2004, which are calculated according to EU norms, the budget deficit fell to CYP 306.3 mln, or 4.2% of GDP in 2004, compared with CYP 427.7 mln, or 6.3% of GDP in 2003 and a previous official estimate of 4.8% of