Business http://www.royalgazette.com Business en-us Tuckers Point Club to waive initiation fees <img src="/storyimage/RG/20140922/BUSINESS/140929944/AR/0/AR-140929944.jpg" width="100" align="left" /></a> Tuckers Point Club is waiving initiation fees and introducing customised memberships, according to a press release today. The property is described as having long been a haven for golfers in Bermuda and the course has a history that stretches back to the 1930s and the original Castle Harbour Resort. Callan Bassett, member of. .. http://www.royalgazette.com/article/20140922/BUSINESS/140929944&source=RSS Mon, 22 Sep 2014 22:40:00 GMT http://www.royalgazette.com/article/20140922/BUSINESS/140929944&source=RSS <img src="/storyimage/RG/20140922/BUSINESS/140929944/AR/0/AR-140929944.jpg" width="100" align="left" class="main-image" /></a> Tuckers Point Club is waiving initiation fees and introducing customised memberships, according to a press release today. The property is described as having long been a haven for golfers in Bermuda and the course has a history that stretches back to the 1930s and the original Castle Harbour Resort. Callan Bassett, member of. .. BFM shares rise 2.8 BFampM Ltd rose 2. 8 percent in Bermuda Stock Exchange trading yesterday. The insurer was the only stock to gain, climbing 50 cents to 18. 50 on the trading of 500 shares. Butterfield Bank remained unchanged on 1. 99 as 32,366 shares traded. The Royal GazetteBSX Index rose 3. 44 points, or 0. 25 percent, to close on. .. http://www.royalgazette.com/article/20140922/BUSINESS06/140929936&source=RSS Mon, 22 Sep 2014 22:17:00 GMT http://www.royalgazette.com/article/20140922/BUSINESS06/140929936&source=RSS BFampM Ltd rose 2. 8 percent in Bermuda Stock Exchange trading yesterday. The insurer was the only stock to gain, climbing 50 cents to 18. 50 on the trading of 500 shares. Butterfield Bank remained unchanged on 1. 99 as 32,366 shares traded. The Royal GazetteBSX Index rose 3. 44 points, or 0. 25 percent, to close on. .. Clarien appoints former Merrill Lynch executive <img src="/storyimage/RG/20140922/BUSINESS03/140929937/AR/0/AR-140929937.jpg" width="100" align="left" /></a> Clarien Bank Ltd has appointed a former top executive at Merrill Lynch to take the role of consultant chief investment officer. Thomas Sowanick will be the banks lead investment adviser, responsible for advising and supporting senior management with product development, sales and other business functions across the bank, Clarien said. .. http://www.royalgazette.com/article/20140922/BUSINESS03/140929937&source=RSS Mon, 22 Sep 2014 20:03:00 GMT http://www.royalgazette.com/article/20140922/BUSINESS03/140929937&source=RSS <img src="/storyimage/RG/20140922/BUSINESS03/140929937/AR/0/AR-140929937.jpg" width="100" align="left" class="main-image" /></a> Clarien Bank Ltd has appointed a former top executive at Merrill Lynch to take the role of consultant chief investment officer. Thomas Sowanick will be the banks lead investment adviser, responsible for advising and supporting senior management with product development, sales and other business functions across the bank, Clarien said. .. Ascendant sees profits fall 35.2 <img src="/storyimage/RG/20140922/BUSINESS/140929970/AR/0/AR-140929970.jpg" width="100" align="left" /></a> Profits at the Ascendant group dropped by more than a third in the first six months of this year, the firm has revealed. The firm, which counts power firm Belco and Bermuda Gas among its operations, logged net earnings of 1. 2 million to the end of June this year down 640,688 35. 2 per cent on the same period in 2013. A company. .. http://www.royalgazette.com/article/20140922/BUSINESS/140929970&source=RSS Mon, 22 Sep 2014 02:17:00 GMT http://www.royalgazette.com/article/20140922/BUSINESS/140929970&source=RSS <img src="/storyimage/RG/20140922/BUSINESS/140929970/AR/0/AR-140929970.jpg" width="100" align="left" class="main-image" /></a> Profits at the Ascendant group dropped by more than a third in the first six months of this year, the firm has revealed. The firm, which counts power firm Belco and Bermuda Gas among its operations, logged net earnings of 1. 2 million to the end of June this year down 640,688 35. 2 per cent on the same period in 2013. A company. .. Decliners dominate weeks trading The Royal GazetteBermuda Stock Exchange declined 12. 78 last week, closing at 1,387. 39 on Friday. The value of trades was 862,839. 86 with 282,581 shares changing hands. Bank of NT Butterfield saw the largest number of shares trade at almost a quarter of a million, a total of 235,444, and ended the week at an unchanged. .. http://www.royalgazette.com/article/20140922/BUSINESS06/140929973&source=RSS Mon, 22 Sep 2014 01:12:00 GMT http://www.royalgazette.com/article/20140922/BUSINESS06/140929973&source=RSS The Royal GazetteBermuda Stock Exchange declined 12. 78 last week, closing at 1,387. 39 on Friday. The value of trades was 862,839. 86 with 282,581 shares changing hands. Bank of NT Butterfield saw the largest number of shares trade at almost a quarter of a million, a total of 235,444, and ended the week at an unchanged. .. Collier Ascendant and KeyTech significantly undervalued <img src="/storyimage/RG/20140921/BUSINESS/140929972/AR/0/AR-140929972.jpg" width="100" align="left" /></a> Utilities Ascendant Group Ltd and KeyTech Ltd are significantly undervalued, according to Michael Collier, chairman of local investment-focused Bermuda First Investment Company Limited BFIC. The companies are BFICs main investments and the fall in their share prices was a major factor in the company recording unrealised losses of. .. http://www.royalgazette.com/article/20140921/BUSINESS/140929972&source=RSS Tue, 23 Sep 2014 00:50:00 GMT http://www.royalgazette.com/article/20140921/BUSINESS/140929972&source=RSS <img src="/storyimage/RG/20140921/BUSINESS/140929972/AR/0/AR-140929972.jpg" width="100" align="left" class="main-image" /></a> Utilities Ascendant Group Ltd and KeyTech Ltd are significantly undervalued, according to Michael Collier, chairman of local investment-focused Bermuda First Investment Company Limited BFIC. The companies are BFICs main investments and the fall in their share prices was a major factor in the company recording unrealised losses of. .. The serious business of crossing borders <img src="/storyimage/RG/20140920/BUSINESS/140929999/AR/0/AR-140929999.jpg" width="100" align="left" /></a> Bermuda is a proud nation, justifiably so with our long, long spectacular tradition of seafaring commerce. 400 years ago, when the settlers in Jamestown were still in sheer survival mode, our ancestors established an extraordinary reputation as the dominant shipbuilders and pilots of the seventeenth century. Our ancestral sailors aggressively. .. http://www.royalgazette.com/article/20140920/BUSINESS/140929999&source=RSS Sun, 21 Sep 2014 18:56:00 GMT http://www.royalgazette.com/article/20140920/BUSINESS/140929999&source=RSS <img src="/storyimage/RG/20140920/BUSINESS/140929999/AR/0/AR-140929999.jpg" width="100" align="left" class="main-image" /></a> Bermuda is a proud nation, justifiably so with our long, long spectacular tradition of seafaring commerce. 400 years ago, when the settlers in Jamestown were still in sheer survival mode, our ancestors established an extraordinary reputation as the dominant shipbuilders and pilots of the seventeenth century. Our ancestral sailors aggressively. .. BSX closes week down The Royal GazetteBermuda Stock Exchange closed the week at 1,387. 39, down 4. 42. BFampM Ltd. was down 0. 50 at 18. 00 at the close after 2,200 shares had traded. Also down was KeyTech Ltd which finished the days trading at 4. 00, a decline of 0. 15. Some 5,300 shares changed hands. However, Ascendant was up for the day at 6. 10,. .. http://www.royalgazette.com/article/20140920/BUSINESS/140929997&source=RSS Fri, 19 Sep 2014 23:40:00 GMT http://www.royalgazette.com/article/20140920/BUSINESS/140929997&source=RSS The Royal GazetteBermuda Stock Exchange closed the week at 1,387. 39, down 4. 42. BFampM Ltd. was down 0. 50 at 18. 00 at the close after 2,200 shares had traded. Also down was KeyTech Ltd which finished the days trading at 4. 00, a decline of 0. 15. Some 5,300 shares changed hands. However, Ascendant was up for the day at 6. 10,. .. Dave says do not use your mortgage to consolidate debt <img src="/storyimage/RG/20140920/BUSINESS/140929998/AR/0/AR-140929998.jpg" width="100" align="left" /></a> Dear Dave Some friends recently offered me a timeshare. Its an older place on the beach, and theyve had it for about 20 years. Id have to pay a transfer fee of 100, plus a yearly association fee of 500. I know youre not a big fan of timeshares, but does this deal sound okay?JillDear Jill,In. .. http://www.royalgazette.com/article/20140920/BUSINESS/140929998&source=RSS Fri, 19 Sep 2014 23:39:00 GMT http://www.royalgazette.com/article/20140920/BUSINESS/140929998&source=RSS <img src="/storyimage/RG/20140920/BUSINESS/140929998/AR/0/AR-140929998.jpg" width="100" align="left" class="main-image" /></a> Dear Dave Some friends recently offered me a timeshare. Its an older place on the beach, and theyve had it for about 20 years. Id have to pay a transfer fee of 100, plus a yearly association fee of 500. I know youre not a big fan of timeshares, but does this deal sound okay?JillDear Jill,In. .. Digicel acquires control of SportsMax <img src="/storyimage/RG/20140919/BUSINESS/140919655/AR/0/AR-140919655.jpg" width="100" align="left" /></a> Telecoms firm Digicel could be shaping up for a showdown with cable TV firm CableVision. The firm best known for phones in Bermuda has been muscling in on the TV market overseas and announced yesterday that it had bought a controlling interest in the St Lucia-based International Media Content IMC, which owns the Caribbean sports. .. http://www.royalgazette.com/article/20140919/BUSINESS/140919655&source=RSS Fri, 19 Sep 2014 00:20:00 GMT http://www.royalgazette.com/article/20140919/BUSINESS/140919655&source=RSS <img src="/storyimage/RG/20140919/BUSINESS/140919655/AR/0/AR-140919655.jpg" width="100" align="left" class="main-image" /></a> Telecoms firm Digicel could be shaping up for a showdown with cable TV firm CableVision. The firm best known for phones in Bermuda has been muscling in on the TV market overseas and announced yesterday that it had bought a controlling interest in the St Lucia-based International Media Content IMC, which owns the Caribbean sports. .. Swiss Re 1821 hurricane would cost insurers 107b today <img src="/storyimage/RG/20140919/BUSINESS04/140919656/AR/0/AR-140919656.jpg" width="100" align="left" /></a> The impact of a hurricane far more devastating than the 2012 superstorm Sandy is the subject of a report by reinsurer Swiss Re. In the year 1821 on September 3, an estimated category three or four hurricane made landfall in North Carolina and careered up the American east coast, hitting the city of New York. Norfolk, New Haven,. .. http://www.royalgazette.com/article/20140919/BUSINESS04/140919656&source=RSS Fri, 19 Sep 2014 00:20:00 GMT http://www.royalgazette.com/article/20140919/BUSINESS04/140919656&source=RSS <img src="/storyimage/RG/20140919/BUSINESS04/140919656/AR/0/AR-140919656.jpg" width="100" align="left" class="main-image" /></a> The impact of a hurricane far more devastating than the 2012 superstorm Sandy is the subject of a report by reinsurer Swiss Re. In the year 1821 on September 3, an estimated category three or four hurricane made landfall in North Carolina and careered up the American east coast, hitting the city of New York. Norfolk, New Haven,. .. Future looks sweet for fudge entrepreneur <img src="/storyimage/RG/20140919/BUSINESS03/140919657/AR/0/AR-140919657.jpg" width="100" align="left" /></a> The sweet taste of success in business is the goal of a Bermuda entrepreneur. For Sarah Burrows has opened up a Dockyard shop selling hand-made fudge with a distinct Bermuda flavour. And the Bermuda Fudge Company has already proved a hit with tourists and locals, attracted by flavours like mango and lime and chocolate mint. Ms. .. http://www.royalgazette.com/article/20140919/BUSINESS03/140919657&source=RSS Fri, 19 Sep 2014 00:17:00 GMT http://www.royalgazette.com/article/20140919/BUSINESS03/140919657&source=RSS <img src="/storyimage/RG/20140919/BUSINESS03/140919657/AR/0/AR-140919657.jpg" width="100" align="left" class="main-image" /></a> The sweet taste of success in business is the goal of a Bermuda entrepreneur. For Sarah Burrows has opened up a Dockyard shop selling hand-made fudge with a distinct Bermuda flavour. And the Bermuda Fudge Company has already proved a hit with tourists and locals, attracted by flavours like mango and lime and chocolate mint. Ms. .. More than 100 students receive designations from BII More than 100 students have received qualifications from the Bermuda Insurance Institute BII. And those achieving designations from the institute were on Tuesday recognised with a special lunch. A spokesman for the BII said several of the students achieved more than one designation. Guest speaker Don Kramer, chairman of ILS. .. http://www.royalgazette.com/article/20140919/BUSINESS04/140919658&source=RSS Fri, 19 Sep 2014 00:16:00 GMT http://www.royalgazette.com/article/20140919/BUSINESS04/140919658&source=RSS More than 100 students have received qualifications from the Bermuda Insurance Institute BII. And those achieving designations from the institute were on Tuesday recognised with a special lunch. A spokesman for the BII said several of the students achieved more than one designation. Guest speaker Don Kramer, chairman of ILS. .. How to defend against inventory fraud <img src="/storyimage/RG/20140919/BUSINESS/140919659/AR/0/AR-140919659.jpg" width="100" align="left" /></a> All business owners should be aware of the potential risks and the appropriate procedures to have in place to minimise the risk of inventory fraud. Inventory fraud can transpire across all facets of small and large businesses. This type of fraud usually takes one of two forms. It may involve the theft of physical inventory items by a. .. http://www.royalgazette.com/article/20140919/BUSINESS/140919659&source=RSS Thu, 18 Sep 2014 22:30:00 GMT http://www.royalgazette.com/article/20140919/BUSINESS/140919659&source=RSS <img src="/storyimage/RG/20140919/BUSINESS/140919659/AR/0/AR-140919659.jpg" width="100" align="left" class="main-image" /></a> All business owners should be aware of the potential risks and the appropriate procedures to have in place to minimise the risk of inventory fraud. Inventory fraud can transpire across all facets of small and large businesses. This type of fraud usually takes one of two forms. It may involve the theft of physical inventory items by a. .. Ascendant falls to 6 Shares of three companies fell in Bermuda Stock Exchange trading today. Insurer BFampM Ltd suffered the sharpest dip, sliding 50 cents, or 2. 6 percent, to 18. 50, on the trading of 7,200 shares. Ascendant Group Ltd, the parent company of Belco, slipped ten cents, or 1. 6 percent, to hit a 52-week low of 6, as 3,000 of its shares. .. http://www.royalgazette.com/article/20140918/BUSINESS06/140919660&source=RSS Thu, 18 Sep 2014 22:20:00 GMT http://www.royalgazette.com/article/20140918/BUSINESS06/140919660&source=RSS Shares of three companies fell in Bermuda Stock Exchange trading today. Insurer BFampM Ltd suffered the sharpest dip, sliding 50 cents, or 2. 6 percent, to 18. 50, on the trading of 7,200 shares. Ascendant Group Ltd, the parent company of Belco, slipped ten cents, or 1. 6 percent, to hit a 52-week low of 6, as 3,000 of its shares. ..