2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
A total of 28,150 Bank of Butterfield shares worth $56,018 traded today on the Bermuda Stock Exchange.
The sole trade left the bank’s shares down one cent (0.5 per cent) at $1.99.
The Royal Gazette/BSX Index ended the day down 4.72 points (0.34 per c...
DATE: Mar 02, 2015
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s biggest cell phone operator uses SIM cards sourced from a Dutch supplier targeted by UK and US spy agencies, it was revealed yesterday.
But Digicel Bermuda said that it had been assured by Gemalto, one of the biggest suppliers of SIM cards ...
DATE: Feb 27, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm Third Point Re has reported a loss of $14.7 million in the last quarter of 2014.
The loss, equivalent to 14 cents per diluted common share, compared to a net income of $80.1 million (75 cents per share) in the same period in 2013 — a...
DATE: Feb 27, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The parent firm of Bermuda Commercial Bank logged a profit of $1.2 million in the last quarter of 2014.
Financial investment services holding company Somers Ltd said the figure pushed the profit for the full year to $8.7 million, while the firm also ...
DATE: Feb 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda firm is to expand its business into wealth management.
EFG International — which specialised in investment research — is changing its name to EFG Wealth Management (Bermuda) and moving into asset management with a strong focus on the captiv...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A 5,000-strong listing of local businesses is to made available to the public, Home Affairs Minister Michael Fahy said yesterday.
Senator Fahy said the move to open up the Bermuda Economic Development Development Corporation (BEDC) register would mak...
DATE: Feb 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda logged a massive $20 billion-plus in deals in the last quarter of 2014 — the highest amount of any offshore jurisdiction.
And experts predicted “merger mania” would continue into this year as firms rush to consolidate.
The Island notched up h...
DATE: Feb 26, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Business chiefs are lukewarm on the latest Budget — with more than three-quarters saying Government missed revenue-raising opportunities.
And an overwhelming number rated the level of debt as their major concern — with privatisation, public sector st...
DATE: Feb 25, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new company is offering an online home delivery service for specialised medical supplies.
Lighthouse Medical Supplies — which started operations at the turn of the year — has already signed up around 100 clients for its range of products.
Founder a...
DATE: Feb 25, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda can no longer rely on growth in international business to boost the economy, Finance Minister Bob Richards said yesterday.
And Mr Richards added it was vital to boost tourism to stimulate the Island’s economy.
Mr Richards paid tribute to the ...
DATE: Feb 24, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
