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Financial-services firm LOM made profits of $51,534 in the first half of this year. The figure compares to a loss of more than $225,700 in the same period last year. Management and investment advisory fees revenues jumped 17.7 per cent to $1.53 milli...

Bermuda’s current-account surplus narrowed in the first quarter mainly due to a slump in investment income. The island recorded a surplus of $121 million in the January-through-March period, down by $99 million from the same period last year. The inv...

The Royal Gazette/BSX Index today rose 4.88 points, or 0.39 per cent, to 1,253.77. Insurance firm BF&M went up 5 cents to $17.15 after 150 shares traded. And the Bank of Butterfield rose 1 cent to $1.76 after 63,100 shares changed hands. The BSX Insu...

Bermuda’s economy cooled slightly in the first quarter of this year, despite a pick-up in household consumption and construction activity. The Department of Statistics today released figures which showed that the island’s gross domestic product contr...

Design firms Cosmic Ltd and The Foundation have merged. The joint firm will trade under the Cosmic banner, with The Foundation’s Craig Ferguson as web services director. And Cosmic believes the combining of the two enterprises means it can offer a st...

During the past eight years, Argo Group International Holdings has, through The Argo Foundation, made donations totalling $1.25 million to charities in Bermuda. The Argo Foundation was established in 2008. It supports programmes and services “that en...

NEW YORK (Bloomberg) — Hedge fund manager Dan Loeb’s corporate credit portfolio returned 15 per cent in the second quarter, helped by a bet on high-yield bonds. “Performance was largely driven by positive returns from performing credit investments in...

The Royal Gazette/BSX Index rose 19.03 points, or 1.55 per cent, last week to close at 1,226.4 on Friday. Shares of HSBC Holdings were up 80 cents, or 13.33 per cent to $6.80 after 553 traded, while Butterfield Bank stock improved five cents, or 3 pe...

A Bermuda delegation will tomorrow attend a major conference on captive insurance in the US. The VCIA 2016 Annual Conference is being held in Vermont. Grainne Richmond, president of the Bermuda Insurance Management Association and vice-president at i...

Legal firm Appleby is to host its annual summer reception for law students on Wednesday. The event is designed to allow students to meet up with established professionals and their peers. During the event, students will also learn about the Appleby p...