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The Bank of Butterfield’s outlook has been upgraded to positive from stable by ratings agency Standard & Poor’s. And S&P said the likelihood of the overall banking industry country risk-assessment score for the island improving was “increasing.” The ...

International legal firm Harneys has won a top award for offshore law. Harneys, which merged with Bermuda firm Hurrion & Associates last year, was named offshore legal firm of the year by professional magazine The Lawyer. Peter Tarn, Harneys managing...

Bermuda Aviation Services posted an improved profit of $2.8 million for the year ended in March. The figure was $2.3 million up on the $471,000 made the year before. Ian Cook, group president and CEO of BAS, said: “These positive results are underpin...

Dockyard Glassworks has gone home. The company has moved back into its original home after $900,000 worth of renovation work, including a new roof and windows. The furnace was also moved from the centre of the building. An official opening celebrati...

An insurance company will today hold a special seminar on retirement planning. The event, organised by Colonial Pension Services, will be presented by global investment company MFS Investment Management, based in Boston. Topics include how long peopl...

Professional services firm KPMG has signed up 11 students to take part in its annual internship programme. The 12-week scheme is aimed at university students who see a future in accountancy, finance or business. Wanda Armstrong, senior manager for hu...

The future is bright for a sunglasses shop. For the Sunglass and Watch Shop in Hamilton is to expand with a new store at the revamped Hamilton Princess, creating two new jobs in the process. Sunglass and Watch Shop general manager David Boyce said: “...

Investment firm Bermuda First Investment Company has announced profits of $2.3 million for the nine months to the end of March. The company held investments valued at $26.9 million at the end of the period and had revenue of $0.4 million. BFIC holds ...

The former manager of an upmarket women’s clothes store is branching out on her own. And Kristen Carreiro is set to hold the grand opening of her own venture, Modblu, on Reid Street, Hamilton on Friday. Ms Carreiro, who formerly managed Atelerie, als...

A new insurance broker has launched in Bermuda. Intrepidus Insurance Services is an independent broker aimed at helping personal and business customers evaluate and navigate insurance. Henry Sutton, president of Intrepidus and a veteran of the island...