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A long-established rental business is up for sale. Pembroke-based Bermuda Rentals, set up more than 30 years ago by Douglas Howe, rents everything from tents and furniture to cement mixers and carpet cleaners. Mr Howe, who is retiring, said: “The rig...

Telecommunications company KeyTech made a consolidated loss from operations of $2.4 million in its last fiscal year. The company said the loss was primarily the result of a $4.3 million accounting writedown and one-time staff termination charges of $...

Bank of Butterfield shares worth more than $1.5 million traded on The Royal Gazette/BSX Index. The bank’s price of $25.10 was unchanged after 60,283 shares changed hands. On the New York Stock Exchange, Bank of Butterfield went up six cents, or 0.23 ...

Bermuda Government has issued $665 million of senior notes as it repositions the island’s debt. Consequently, the island’s overall debt load has increased by $188.9 million, but in the process the Government has locked in a 3.717 per cent rate on its...

Almost 200 deals worth $18 billion took place in Bermuda in the first half of the year, according to a report by law firm Appleby. This marked a slowdown from the rapid pace of mergers and acquisitions activity on the island in a record-breaking 2015...

An educational conference designed to give market insights and practical information to insurance professionals is due to be held in Hamilton on Friday. The 2016 Bermuda Insurance Market Conference, entitled “The Power of Prediction” and organised by...

A Chinese property development and investment company has proposed moving its registration to Bermuda from the British Virgin Islands. Among the reasons why it wants to migrate, it has cited the adverse publicity the BVI has faced following the publi...

Food supply wholesaler Butterfield & Vallis is bracing itself for a massive increase in sales related to the America’s Cup. The company predicts that sales in the run-up to the competition next year will jump between 15 and 20 per cent — and tomorrow...

Pauline Richards has been named one of the world’s most influential black corporate directors by Savoy magazine. The US publication compiles an annual list of heavy hitters. Mrs Richards, the chief operating officer of investment management company A...

Community. This past week we experienced one of the worst hurricanes ever! Very strong winds, storm surges, and a lot of damage to homes, businesses and our vegetation will take many weeks to go back to green from the salt-burnt brown. Years of exp...