Bank of Cyprus beats profit estimate

Bank of Cyprus Pcl released its 20006 results with net profit surging by 153% YoY to CYP 183 mln or EUR 317 mln, beating analyst estimates with estimates ranging from EUR 309

MPB sues Piraeus, 41.82% reject offer

Marfin Popular Bank Public Company Ltd (CPB) announced that Powe Capital Management, MFG, The Employees Provident Fund, Laiki Cyprialife, Insight Investment and Tosca Fund with a total of 14.17% shareholding in CPB

ECB seen talking tough

EUR/USD broke above the 1.3000 level despite the release of weaker than expected German industrial production data. Although the Q4 US productivity surprised the market on the upside with a 3% increase,

Marfin Popular lifts 2006 profits

Marfin Popular Bank Group announced that its proforma profit after tax attributable to shareholders posted a substantial 235% YoY increase to EUR 396.6 mln (CYP 229.3 mln) from 2005. The published Marfin

Bank of Cyprus improves Cytrustees offer

Bank of Cyprus Public Company Limited announces that it has purchased Cytrustees Investment Public Company shares on the Cyprus Stock Exchange at the price of EUR2,45 per share. To this end and

BA to charge GBP240 for extra bag

British Airways (BA) is planning to add up to GBP240 to the cost of a return long-haul flight if passengers want to check in an extra bag. Travellers on shorter international trips

Marfin will not improve Cytrustees offer

Marfin Popular Bank does not intend to improve its EUR 2.43 per share bid offer for Cytrustees Investments Pcl (CYTR) following the massive increase in the bid offer submitted by Bank of