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Shares of Butterfield Bank gained 1.4 per cent in Bermuda Stock Exchange trading. The bank added 50 cents to close on $35 as 1,572 shares changed hands. Butterfield’s US-listed shares advanced 29 cents, or 0.82 per cent to close at $35.67 on the New ...

Shares of Ascendant Group Ltd jumped 6.5 per cent in Bermuda Stock Exchange trading, building on their 10 per cent gain over the past week. Ascendant, the owner of Belco, gained $1.25 to close on $20.50 as 4,755 shares traded. Last month the company ...

Drinks giant Bacardi is on the rock for good, its chief executive has promised. Mahesh Madhavan said that the Cuban-founded company was committed to Bermuda as its global headquarters. Mr Madhavan added: “We have completed 157 years of the company — ...

The Bermuda Chamber of Commerce’s Budget Breakfast is sold out. The event, to be staged at the Hamilton Princess and Beach Club on February 25, will feature Curtis Dickinson, the Minister of Finance, speaking before a business audience three days aft...

Everest Re Group racked up net catastrophe losses of $875 million as it posted a fourth-quarter net loss. Hurricane Michael, the California Camp and Woolsey wildfires and an Australia hailstorm event were the main drivers of the natural disaster loss...

HSBC Bermuda is doing its bit to tackle food insecurity in Bermuda. Last month, the bank launched its third term helping the Eliza DoLittle Society with their community feeding programme. Since the programme’s inception in 2016, HSBC employees have h...

Mortgage reinsurer Essent Group Ltd posted a $128.5 million profit in the fourth quarter of last year. The Bermudian-based company’s results were boosted by the release of most of the reserves it had set aside to cover potential loan defaults in con...

There’s no greeting card to celebrate Community Supported Agriculture Day. But on February 22, farmer Tom Wadson will mark the day recognising the importance of farm product subscriptions services or “farm shares”. The day, started by an American org...

Six Bermudians are to be hired as “sports trading operators” by an international algorithmic trading company which is setting up an office on the island. The jobs are advertised on the Department of Workforce Development’s Bermuda Job Board. Successf...

After a string of operators, the aquarium’s Azu Beastro is now under the management of Take Five Ltd. The restaurant group which operates the Buzz cafés around the Island and the Devil’s Isle Café in Hamilton, aims to open “Buzz Beastro” in mid March...