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Investment firm Bermuda First Investment Company has announced profits of $2.3 million for the nine months to the end of March. The company held investments valued at $26.9 million at the end of the period and had revenue of $0.4 million. BFIC holds ...

The BSX Insurance Index bounced back after a fall on Tuesday. The index closed up 38.50 points, or 2.43 per cent, at 1,622.77 after a drop of nearly 3.5 per cent the day before. The Royal Gazette/BSX Index closed unchanged at 1,169.34. A total of 19,...

Trading on the Bermuda Stock Exchange did not reflect the volatility in markets around the world last week, as The Royal Gazette/BSX Index edged 0.4 per cent higher. The largest move came from KeyTech, which fell 5 cents, or 1.9 per cent, to $2.60, a...

Shares of Bermudian-based insurers were battered last Friday after Britons voted to leave the European Union. Uncertainty over what happens next, question marks over future access to markets, a fall in bond yields squeezing investment income and curr...

The former manager of an upmarket women’s clothes store is branching out on her own. And Kristen Carreiro is set to hold the grand opening of her own venture, Modblu, on Reid Street, Hamilton on Friday. Ms Carreiro, who formerly managed Atelerie, als...

Liquor sales surged in April, helping the island to a 16th consecutive month of retail sales gains. But motor vehicles sales suffered their first drop in nearly a year, according to the latest government statistics. Retail sales in April totalled $92...

The BSX Insurance Index today plunged nearly 3.5 per cent to 1,584.27. The drop of 56.91 points came as insurers added to the losses they suffered last Friday after the UK voted to leave the European Union. The sole trading on Bermuda Stock Exchange ...

A new insurance broker has launched in Bermuda. Intrepidus Insurance Services is an independent broker aimed at helping personal and business customers evaluate and navigate insurance. Henry Sutton, president of Intrepidus and a veteran of the island...

Insurance company Argus has announced profits of $7.3 million for the year to the end of March — down $8.7 million on the $16 million recorded for the previous year. It reported unrealised investment losses of $8 million, put down to short-term volat...

Dear Dave, I make $38,000 a year and I’m about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I’m wondering how long it should take to save up my three to six months of expenses. I’ve also not done a lot towards...