75927 results returned for search: "" category "Business"
Some 13,369 shares valued at $51,765.95 traded on the Bermuda Stock Exchange, which closed up 42.92 at 1,298.73.
In the utilities sector, 3,069 shares of Ascendant Group Limited traded, which closed up 0.05 at 10.20. KeyTech Ltd saw a volume of 700 m...
DATE: Feb 05, 2014
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CATEGORY:
Bermuda Stock Exchange
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Law firm ASW has appointed Nathaniel Turner as a director.
Mr Turner — who has worked for the firm for ten years — took over the role at the start of the month.
He said: “ASW law is entering an exciting phase in its history. As a corporate and commer...
DATE: Feb 05, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm PartnerRe reported a drop in net income from $1.1 billion to $664 million, but increased operating income.
Figures for 2013 showed that operating earnings hit $721.7 million compared to nearly $664 million the year before.
And net pr...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Lower than expected catastrophe losses helped boost share value for Bermuda-based Platinum last year, the firm reported yesterday.
The firm had a net income of $223.3 million and diluted earnings per common share of $7.35 for 2013.
Platinum CEO Micha...
DATE: Feb 05, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based financial services firm spent almost $578,000 buying back its own shares in January.
Somers Ltd, formerly known as Bermuda National Ltd and which owns the Bermuda Commercial Bank, forked out the cash to acquire 48,000 of its shares at...
DATE: Feb 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange saw 64,000 Bank of NT Butterfield shares move at 1.65, and 8,000 shares of Somers Limited change hands at 12.00, both unchanged.
KeyTech Ltd also saw movement with 200 shares changing hands at 5.45, down 0.05.
The BSX close...
DATE: Feb 04, 2014
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CATEGORY:
Other
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The Huffington Post is reporting that three Bermuda subsidiaries of Microsoft Corp are involved in a tax inquiry launched by “another country”, according to documents made public by the Bermuda Supreme Court.
But it adds that once the inquiry was fir...
DATE: Feb 04, 2014
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CATEGORY:
International Business
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A Bermuda-based asset manager says his investment company will “vigorously defend itself” after being accused in a complaint by US regulators that it made more than $1.3 million in allegedly illegal short-selling share trading.
Christopher Kuchanny a...
DATE: Feb 04, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange ended the week up 3.3 percent or 41.62 points.
The biggest mover over the week was Bank of Butterfield, with 129,611 shares moving, closing at $1.65, 5.8 percent up on the previous week.
Shares in Somers Limited also traded...
DATE: Feb 03, 2014
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based insurance and reinsurance giant Validus Holdings has posted record figures for 2013, the company has revealed.
Validus announced a net operating income of nearly $579 million — a massive 73.3 percent increase on 2012’s $333.8 million.
A...
DATE: Feb 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
