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The recent Gamestop phenomenom has triggered exclamations, disbelief and renewed interest across generation-divides in investing. Reviewing a few of thousands of financial media reports, we see stock trading apps, both new and well-established, promo...

Shares of Butterfield Bank were up 33 cents, or 1.01 per cent, at $33.08 on the New York Stock Exchange. There were no trades on The Royal Gazette/Bermuda Stock Exchange, which closed at 2,273.69, up 177.85 points, or 5.47 per cent. The BSX Insurance...

Retail sales volume increased by 7.9 per cent in October year-over-year, marking the fourth consecutive month of rising sales for a sector of the economy hit hard by the impact of the Covid-19 pandemic. This compares to the previous year’s local reta...

Imports slumped by more than $150 million in the second quarter of last year as the pandemic sparked economic turmoil, figures released today by the Bermuda Government show. The island’s balance of payments surplus – summarising its transactions with...

Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

After 30 years working as a chef in busy kitchens, Brian Bean thought working in food sales would be more relaxing. But six months into it, he was bored. “I didn’t think I would miss cooking as much as I did,” he said. “Sales was not my thing. I enjo...

Financial-services investment holding company Somers Ltd has reported record quarterly net income of $190 million for the fourth quarter of 2020. That compares with net income of $74.6 million for the final quarter of 2019. Earnings per share in the ...

Insurer Lancashire Holdings Ltd saw its full-year profit slide, as losses related to Covid-19 and natural catastrophes took their toll. The Bermudian-based company said pretax profit fell to $5.9 million in 2020, down from $119.5 million in 2019. Net...

Bermudian-based Emerging Asset Management Ltd, a company founded to simplify the process of running an investment fund, has reached the milestone of $1 billion of assets under management. EAM, which has platforms in Bermuda, Cayman and Delaware, and ...

Bermudian-based offshore drilling outfit Seadrill Ltd is to submit an application to the Supreme Court of Bermuda for the appointment of joint provisional liquidators after it filed Chapter 11 cases in the Southern District of Texas. The cases were f...