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The parent company of The Royal Gazette has announced profits of $514,000 for its last fiscal year. The figure was $391,000 down on the $905,000 recorded in 2014. Bermuda Press (Holdings) Ltd posted revenues of more than $27.2 million for the year en...

Staff at airport services firm BAS Serco are locked in a dispute over severance payments before transferring to new contractor CI². It is understood that Bermuda Public Services Union members at the outgoing contractor want to be paid off before tran...

Professional firm EY has backed International Women’s Day, which is tomorrow, and underlined its commitment to promoting females in the workplace. And the company — a Pledge for Parity sponsor of the event this year — urged other employers to commit ...

Businessman Floyd Forth has launched a drive to get Bermuda back on top of the tourism list with a luxury Lexus limousine. Mr Forth acquired the slate grey 4.6 litre V8 machine, which bears the personalised number plate LIM007, a few months ago. And ...

Bermuda notched up the highest number of merger and takeover transactions for five years in 2015. A total of 489 deals took place, with the combined value of $79.17 billion up 41 per cent up on the previous year and the largest percentage increase of...

Companies are set to shake up their organisation in a bid to meet the demands of global business. A major survey by professional services firm Deloitte found that nearly half of the firms involved had either begun restructuring or planned to do so. T...

Designer Rene Hill has branched out into the wedding business. And she is set to stock some of the biggest names in dresses for the big day from top international designers, including New York-based Kleinfeld, the wedding store featured in the hit re...

The City of London is poised to launch a fresh bid to lure lucrative insurance-linked securities business to Britain. London’s prestigious Financial Times reported yesterday that the British government had set its sights on attracting the fast-growin...

The chairman of the Bermuda branch of the International Institute of Directors has gained a chartered director designation. Insurance industry veteran Roger Gillett, who took over as chairman three years ago, won the accolade after completing an IoD ...

Insurance and reinsurance giant XL Group is coming home, it was announced yesterday. The company, which has had a major presence on the island for 30 years, aims to move its official home from Ireland to Bermuda. Mike McGavick, the CEO of XL Group, s...