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One Communications today announced it will automatically boost internet speeds for many of its customers next week. The telecommunications services provider had increased its FibreWire internet speeds to a minimum of 50Mbps in March to support custom...

The Royal Gazette/BSX Index remained unchanged on 1,839.21 as no shares traded. The BSX Insurance Index fell 47.91 points, or 3.41 per cent, to close on 1,358.03. The US-listed shares of Butterfield Bank fell 97 cents, or 3.97 per cent, to close on $...

The Bermuda Economic Development Corporation is launching a virtual social media campaign to highlight Bermuda businesses and encourage local shopping. The campaign focuses on micro, small and medium size enterprises. “MSMEs play a vital role in st...

Shares of BF&M Ltd gained 2.9 per cent in Bermuda Stock Exchange trading. The insurer’s share price climbed 50 cents to close on $18 as 600 shares changed hands. BF&M was the only stock to trade as The Royal Gazette/BSX Index gained 3.83 points, or ...

Mark Guishard is to return to the Bermuda Weather Service as director, effective July 1. The appointment was announced today by the Bermuda Airport Authority, under whose purview the BWS operates. Lester Nelson, BAA CEO, said: “Mark has a long histor...

Shares of Ascendant Group Ltd fell 1.6 per cent in Bermuda Stock Exchange trading. The parent company of power utility Belco fell 50 cents to close on $30.50 as 500 shares changed hands. Ascendant was the only stock to trade on the BSX. The Royal Gaz...

A new reinsurer is in the process of setting up in Bermuda. Independent specialist legacy acquirer Compre has received regulatory approval in principle from the Bermuda Monetary Authority to establish a Class 3A reinsurer on the island. Compre said ...

BF&M Ltd posted a shareholders’ net loss of $2.2 million for the first three months of the year, compared with a profit of $4.8 million in the first quarter of 2019. The insurer said the loss was driven by a $7.3 million fall in the fair value of $62...

Shares of Argus Group Holdings Ltd improved by five cents, or 2.2 per cent, to $2.35 after 35,242 traded on The Royal Gazette/BSX Index. Meanwhile, in New York, Butterfield Bank shares were down five cents, or 0.2 per cent, at $24.36. The Royal Gazet...

A new wave of coronavirus infections is the top concern of chief financial officers as businesses get back to work following the Covid-19 pandemic. A survey by PwC found that the threat of a new wave of the coronavirus was the greatest worry for 64 p...