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Butterfield Bank’s biggest shareholder, The Carlyle Group, is a step closer to exiting its position with the bank. A public secondary offering of common shares in the bank, including an additional offering to the underwriters, includes all 7.6 millio...

Insurers BF&M and Argus Group fell on The Royal Gazette/BSX Index. It was a drop of 20 cents, or 4.2 per cent, to $4.55 for Argus after 130,000 shares traded. While, BF&M lost 25 cents, or 1.2 per cent, to close at $20.50 after 36,176 shares were exc...

Sneaker giants adidas is to bring back a retro design — with a Bermuda touch. The adidas Bermuda sneaker, first seen in the 1970s, has been reborn as part of the company’s Originals range of classics. According to sneaker websites, the design will fi...

Bermuda leads the way as the world’s top jurisdiction for captives, with more than 780 on the island. But it is not resting on its laurels. It did that before, but learnt a lesson. Today, vigilance and awareness are uppermost in the mind of Grainne R...

Choices. Each day we are faced with choices that will have an impact on our lives and our businesses. Many times our choices seem automatic — the way we get to work, our morning coffee, and many other tasks. These choices have become habits and we t...

A Hamilton restaurant has started charging for bags and donating the cash to a tree-planting scheme in a bid to boost the environment. Nonna’s Kitchen wants to encourage people to reuse bags in a drive thought to be the first of its kind in Bermuda. ...

The weakness of the UK pound was the major factor driving the owner of Bermuda Commercial Bank to a $10.7 million loss in the fourth quarter of last year. Somers Ltd, a Bermuda Stock Exchange-listed financial services holding company, said more than ...

The Royal Gazette/BSX Index closed unchanged at 1983.08. A total of 50,000 shares in insurance firm Argus changed hands, with its price remaining unchanged at $4.55. And utilities firm Ascendant was also unchanged at $7.15 after 2,000 shares sold. On...

A new gallery is set to open in Dockyard. It is hoped that the Jon Faulkner Gallery will be open in time for the America’s Cup and the summer season. Jon Faulkner founded Bermuda Clayworks in Dockyard 20 years and left the operation ten years ago. No...

Shares valued at more than $1 million were traded on The Royal Gazette/BSX Index last week. Bank stocks fared best, with HSBC Holdings improving by 20 cents, or 2.38 per cent, to $8.60 after 7,357 traded. Butterfield Bank shares also rose, going up 6...