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Watlington Waterworks Ltd is marking its 80th anniversary with the release of a new book chronicling the company’s history. “Harry’s Dream” describes how Sir Henry Watlington, in the early years of the 20th century, saw the need for a supply of fresh...

Watlington Waterworks is about to take its water pipeline west beyond Somerset Bridge — at least once it overcomes an unexpected delay it encountered this week. The company, which provides water gathered from the freshwater lens in the Devonshire mar...

Yield-hungry investors are growing their appetite for emerging markets debt, as rock-bottom interest rates have led to paltry returns from bonds in the developed world. Analysis from EPFR Global shows that emerging markets bond funds have seen net in...

Butterfield Bank yesterday said its core earnings increased nearly 40 percent year-over-year through the first nine months of this year. Improved investment returns and cost reductions helped Butterfield to core earnings of $37.9 million through the ...

Indian Hotels has made a $1.86 billion bid to take over Bermuda-based Orient-Express Hotels. The offer amounts to $12.63 per share, representing a premium of 40 percent over Orient-Express’s closing share price on Wednesday. Indian Hotels, which is a...

Ten thousand residents — or more than a quarter of the Bermuda workforce — are either unemployed or underemployed. That is the stark finding of a survey published by the Department of Statistics yesterday, which reveals more about the impact of busin...

Butterfield Bank spent $1.84 million buying back nearly 1.5 million of its own shares in September. In a filing with the Bermuda Stock Exchange (BSX) yesterday, the bank said it bought for Treasury 1,494,678 common shares at an average cost of 1.232 ...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a deal valued at $623.2 million. The two companies expect the deal to close in the fourth quarter of this year and the combined company will maintain Validus’s name, headquarter...

Bermuda-based Enstar Group Ltd has agreed a deal to acquire US insurer SeaBright Holdings, Inc for around $252 million. Enstar will pay $11.11 per share in cash. The purchase price represents a 34.3 percent premium over SeaBright’s closing stock pric...

The shares of Bermuda-based run-off specialist Enstar Group Ltd soared more than six percent in New York Stock Exchange trading on Friday after the company announced that second-quarter earnings more than quadrupled. Net earnings were $40.7 million, ...