2353 results returned for search: "" category "Other" author Jonathan Kent
Maintenance costs at LF Wade International Airport are rising “exponentially” and each time a major hurricane hits the Island taxpayers will incur millions of dollars in repair costs, Finance Minister Bob Richards has warned.
The vulnerability of the...
DATE: Aug 13, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased.
Net income for the April-through-June period totalled $297 mill...
DATE: Aug 07, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A London-based private-equity group is reportedly in talks to buy a unit of law firm Appleby.Sky News in the UK reported that Bridgepoint is seeking to take over Appleby’s Fiduciary and Administration business, part of which is based in Bermuda.Insid...
DATE: Jul 07, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A Bermuda company has a $2 billion plan to lead the Island to energy independence within ten years.
The ambitious project, which aims to give the Island an electricity supply fuelled entirely by renewable sources, has been in the works for two years....
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”.
Assured had $4.9 billion of par exposure to Puerto...
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance.
The Island was one of 30 countries on the list published by the EU’s executive Commission today.
“These tax havens cover the five conti...
DATE: Jun 17, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Ascendant Group Ltd’s chairman Peter Durhager yesterday revealed that the firm had commissioned an independent investigation into whether the company’s chief executive officer had a conflict of interests in also being chairman of a US natural gas com...
DATE: Jun 02, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda Institute celebrated a one-two finish as the KPMG Senior School Investment Challenge marked its tenth year.
The top team ‘Tradewins’ achieved a near 22 per cent return on their $100,000 virtual portfolio over the six-month investment period t...
DATE: May 04, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Standard & Poor’s Rating Services has downgraded Butterfield Bank as a direct result of the Bermuda Government’s credit rating downgrade earlier this week.
But even as it cut Butterfield’s long-term issuer credit rating to BBB from BBB+, the rating a...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Clarien Bank bosses have apologised to customers and staff for the “doubt and confusion” of a 15-month period of upheaval.
Their comments come two weeks after the announcement that the Gibbons family — through its investment company Edmund Gibbons Lt...
DATE: Apr 22, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
