75908 results returned for search: "" category "Business"
Lovit Boutique is to close its Queen Street store next Saturday.
However, owner Jenia Thompson said today that the three-year-old store had plans to reopen in the near future.
In a statement, Lovit said: “Downsizing will allow Lovit Boutique to focus...
DATE: Aug 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Shares of Belco owner Ascendant Group Ltd rose on the Bermuda Stock Exchange yesterday.
Ascendant climbed ten cents, or 1.6 percent, to close on $6.25 on the trading of 5,000 shares.
The most heavily traded stock was Butterfield Bank, which remained ...
DATE: Aug 09, 2014
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CATEGORY:
Bermuda Stock Exchange
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Dear Dave,
I make $30,000 a year. I’ve just started Baby Step 2 of your plan, and I’m paying off my debts from smallest to largest. I have $55,000 in debt, including $15,000 on a car loan. I recently picked up a part-time job to help pay down the de...
DATE: Aug 09, 2014
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CATEGORY:
Personal Finance
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The insurance market may be at “a tipping point” in terms of overcoming the reluctance to engage in mergers and acquisitions (M&A) activity.
That is the view of professional services firm PwC, which is predicting a “quiet revolution” in global insura...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
By Rebecca Zuill
Markel Corporation profits were up for the second quarter, the company reporting net income of $41.141 million compared to $28.676 million for the equivalent 2013 period.
The Richmond, Virginia-based company has a Bermuda presence a...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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Standard & Poor’s credit rating analysis of Turks and Caicos Islands (TCI), a British Overseas Territory, was released yesterday and highlighted a prosperous economy and net general government asset position for the Caribbean country.
The ratings age...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Tower Group of Companies shareholders have overwhelmingly backed a deal that would see fellow Bermuda-based company ACP Re take over the struggling insurer.
The takeover has been approved by 98.5 percent of voting shareholders, the company announced ...
DATE: Aug 08, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Bermuda-domiciled energy shipper Teekay LNG Partners has finalised agreements with a Chinese partner to provide six icebreaker liquefied natural gas (LNG) tankers for transporting gas from northern Siberia.
The company last night declared its second-...
DATE: Aug 08, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-domiciled aircraft leasing company Intrepid Aviation Ltd is planning an initial public offering of its shares.
Intrepid said in a press release yesterday that it has confidentially submitted a draft registration statement to US regulator the ...
DATE: Aug 07, 2014
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CATEGORY:
International Business
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The Royal Gazette/Bermuda Stock Exchange closed up 2.47 yesterday.
Trading was light with 500 shares changing hands at a value of $2,250.00.
KeyTech was the only stock to trade, and it was up 0.20 at 4.50 at the close.
DATE: Aug 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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