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Restructuring involves changing the financial, operational, legal or other structures of a business to make it more efficient and more profitable. It is not a “one size fits all” process. Today, in the time of Covid-19, there are a lot of distressed ...

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $7.9 million for the first quarter of 2022. That compares to a net loss of $8.5 million in the first quarter last y...

Seadrill Limited, the Bermudian-based offshore drilling company, has been awarded three contracts with a total value of $404 million by a leading operator. The contracts have been awarded for the West Ariel, West Cressida, and West Leda jack-up rigs ...

Bermudian-headquartered Kiniksa Pharmaceuticals Ltd, a biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a net loss for the first quarter of $25.2 million. Tha...

The RG/BSX Index closed at 2,376.84, unchanged for the day, with no trading of domestic companies on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed up 36 cents (1.08 per cent) at $33.65 on the New York Stock Exchange.

Bermuda expects to be be taken off an international taxation grey list by October after being assured it is now fully compliant with its requirements. The finance ministry announced today that the Organisation for Economic Co-operation and Developmen...

The Bermuda Business Development Agency’s first Bermuda Climate Summit, on May 23 and 24, is being presented in partnership with the Association of Bermuda Insurers and Reinsurers and the ratings agency KBRA. Climate thought leaders have already pack...

There is no shortage of start-up media and marketing companies in Bermuda. Many are small, boutique operations that try to succeed on small client lists. But few start-ups can show they can wow clients here and abroad with proof of concept. Maroo...

The last month of the KPMG 17th Annual Senior School Investment Challenge finds the BHS team Business of Babylon strongly at the top of the leaderboard, after earlier leaders (DollaBillz2024 from Bermuda Institute) suffered a tumble in the past two m...

Michael Schrum has been promoted to president and group chief risk officer at Butterfield Bank. The bank also announced that Craig Bridgewater has been promoted to group chief financial officer and joins the bank’s executive committee. Mr Schrum, who...