2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
The run-up to Christmas helped boost sales in the retail sector by 4.7 percent, the latest figures have revealed.
Shoppers spent a total of $87.7 million in November - with most of the major sectors seeing an increase in sales.
Only service stations...
DATE: Dec 30, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Solar energy firms have called for power company Belco to adopt a Caymans-style agreement to buy back excess power generated by the sun from commercial generators.
A source close to the Bermuda Sustainable Energy Association said: “It is difficult to...
DATE: Dec 27, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The value of companies listed on the Bermuda Stock Exchange hit $438 billion by the end of September.
The total market capitalisation of the exchange (BSX), excluding funds, was $437.8 billion, up by more than $6 billion on the previous quarter.
The ...
DATE: Dec 27, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda Aviation Services has boosted income to $1.27 million in the six-month period to September — a 60 percent increase over the previous year.
Ian Cook, BAS group president and CEO, said the firm had managed to increase sales — despite tough econ...
DATE: Dec 24, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A ratings agency has boosted the standing of a Bermuda-based reinsurance company after its takeover by former industry tycoon Brian Duperreault.
AM Best has removed SAC, now called Hamilton Re, from review and affirmed its financial strength rating ...
DATE: Dec 24, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Two Bermuda sister firms have teamed up to donate an $8,150 Christmas present to three Island charities.
Insurance brokers and risk managers Marsh and risk and reinsurance specialist Guy Carpenter presented cheques to the trio of charities yesterday....
DATE: Dec 24, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based insurer and reinsurer has been downgraded by a ratings agency following the sale of its stake in another Island-based company.
Ratings experts AM Best has moved to reduce the issuer credit rating (ICR) of Tower Group International fro...
DATE: Dec 24, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new-look KFC is set to open its doors just after Christmas.
And the Queen Street restaurant, which has been closed for renovations since early last month, will reopen with new decor and hi-tech electronic displays.
KFC chief Jason Benevides said: “...
DATE: Dec 23, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The troubled Coral Beach and Tennis Club has been taken over by US investors.
New York-based CBC 2013, a subsidiary of Three Wall Capital and ROC Group, has taken over the resort, just over a week after it came out of receivership.
Alan Kenders, CEO ...
DATE: Dec 22, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The troubled Coral Beach and Tennis Club has been taken over by US investors, The Royal Gazette can reveal.
New York-based CBC 2013, a subsidiary of Three Wall Capital and ROC Group, has taken over the resort, just over a week after it came out of r...
DATE: Dec 22, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
