75923 results returned for search: "" category "Business"
A key figure behind one of the biggest corporate frauds in history will speak in Bermuda later this year.
Former Enron chief financial officer Andrew Fastow, who was jailed for six years for his part in the former energy trading company’s phoney acco...
DATE: Feb 27, 2014
|
CATEGORY:
Other
|
First-quarter profit more than doubled to $6.2 million for Somers Ltd, owner of Bermuda Commercial Bank.
The profits were generated principally by BCB and Waverton, a UK investment management company in which Somers has a 62.5 percent controlling int...
DATE: Feb 27, 2014
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
Big business has backed a relaxation of the rule ensuring majority Bermuda ownership of local companies.
The Association of Bermuda International Companies (ABIC) said that the Budget pledges to review of the 60/40 rule, support for the Bermuda Busin...
DATE: Feb 26, 2014
|
CATEGORY:
Economy
|
AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange closed down 6.11, ending the day at 1,301.39.
Argus Group Holdings Ltd was the only decliner, with 4,500 shares trading at 4.01, down 0.34.
Bank of NT Butterfield saw 82 shares trade at an unchanged 1.74. Ascendant Group ...
DATE: Feb 26, 2014
|
CATEGORY:
Bermuda Stock Exchange
|
Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million.
In its earnings statement ...
DATE: Feb 26, 2014
|
CATEGORY:
Local Business
|
AUTHOR:
Jonathan Kent
The extension of the Terrorism Risk Insurance Act of 2002 (TRIA) — set to expire at the end of this year — is at the top of the re/insurance industry’s federal legislation priorities list, according to industry publication Business Insurance.
It stat...
DATE: Feb 26, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Rebecca Zuill
Specialty re/insurer Canopius Group Ltd held a reception to mark a successful partnership with Bermuda in the wake of the company’s takeover by Japanese giant NKSJ Holdings.
The event, which took place at the Masterworks Museum of Bermuda Art, was at...
DATE: Feb 26, 2014
|
CATEGORY:
Reinsurance
|
Fozeia Rana-Fahy has become a director of MJM Ltd, effective February 24, 2014.
The firm said yesterday that Ms Rana-Fahy has been practising commercial litigation at MJM since 2009. She undertook her legal training and early post qualification pra...
DATE: Feb 26, 2014
|
CATEGORY:
Local Business
|
Butterfield Bank shares surged 6.3 percent in Bermuda Stock Exchange trading today as investors welcomed the announcement of a special dividend and a huge increase in profit.
The bank rose 11 cents to $1.85 on the trading of 135,866 shares.
The bank ...
DATE: Feb 26, 2014
|
CATEGORY:
Bermuda Stock Exchange
|
Although several people on the streets of Hamilton said they had not had time to read up on Friday’s Budget, a few did offer their thoughts on what Finance Minister Bob Richards presented to the Island on Friday.
Stratton Hatfield, 28, said that whil...
DATE: Feb 25, 2014
|
CATEGORY:
Economy
|
