76389 results returned for search: "" category "Business"
Digital TV provider WOW is to muscle in on the telecoms market with a package including phone, internet and television services that could help drive prices down.
WOW president and CEO Stanley Wright said the firm is to offer a range of packages — wi...
DATE: Feb 25, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank today 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 toda...
DATE: Feb 25, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
The Bermuda Stock Exchange advanced 6.22 last week, closing at 1,284.48.
Some 20,490 shares moved with a valued of $174,018.80.
Those numbers incorporate Bank of NT Butterfield Preference Shares closing at 1,182.00, down 6.00 on 38 trading. Butterfi...
DATE: Feb 24, 2014
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CATEGORY:
Bermuda Stock Exchange
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SYDNEY (Reuters) — The world’s top economies agreed on Sunday to develop stricter rules on cross-border taxation to close loopholes that have allowed multinationals such as Starbucks Corp, Google Inc, Apple Inc and Amazon.com Inc to avoid paying taxe...
DATE: Feb 24, 2014
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CATEGORY:
Other
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Premier Craig Cannonier last night hailed the recently unveiled budget as setting the Island on the road to recovery.
The 2014/15 Budget, tabled by Finance Minister Bob Richards on Friday, cuts public spending by $70 million and promises no Governmen...
DATE: Feb 24, 2014
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CATEGORY:
Economy
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AUTHOR:
Owain Johnston-Barnes
Bermuda First Investment Company Ltd (BFIC) recorded a $0.8 million profit for the first six months of its fiscal year — but saw the value of its investments fall by $4.3 million.
The company, which invests in a variety of Bermuda Stock Exchange-list...
DATE: Feb 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Butterfield Bank’s common shares gained 2.4 percent in Bermuda Stock Exchange trading.
The bank advanced four cents to $1.74 on the trading of 28,600 shares.
Butterfield eight percent preference shares also gained rising $18, or 1.5 percent, to $1,20...
DATE: Feb 24, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year.
And despite the $70 million of cuts in public spending announced yesterday, next year’s Budget will run a projected defi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
The Civil Service must be cut after the coming fiscal year, Finance Minister Bob Richards warned as he outlined the advantages of mutualisation or privatisation.
Staff layoffs will be inevitable unless “non-core functions” are outsourced after 2014/1...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
The days of the 60/40 ownership rule appear numbered after Finance Minister Bob Richards declared it was blocking foreign investment which could restore Bermuda to prosperity.
In his Budget Statement, Mr Richards described the regulation — which guar...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
