76342 results returned for search: "" category "Business"
Christmas spell. Early in December Karen and I put up our Christmas tree and decorated it with ornaments, both old and new. How a room can change when the centre of focus becomes a sparkling, shining beacon of hope and changes the mood of all who ent...
DATE: Dec 20, 2011
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CATEGORY:
Bermuda Works
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Insurers BF&M Ltd and Argus Group Holdings Ltd moved in opposite directions in Bermuda Stock Exchange trading last week.
BF&M climbed 25 cents, or 1.7 percent, to close the week on $15.25, as 6,600 shares traded.
Argus fell six cents, or 1.4 percent,...
DATE: Dec 19, 2011
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CATEGORY:
Bermuda Stock Exchange
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Argus Group Holdings Ltd made a net loss of $3.9 million for the six months ended September 30, 2011, driven by a soured investment in a Bermuda-based reinsurance company, the company announced yesterday.
The insurer said results were impacted by an ...
DATE: Dec 19, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) Bermuda-based Frontline Ltd, the oil-tanker owner that announced a restructuring plan 10 days ago, said a new company that it intends to form completed a private sale of shares that raised $285 million.
Frontline, rose almost 11 pe...
DATE: Dec 19, 2011
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CATEGORY:
International Business
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A spike in late or non-payment of taxes by businesses is adding to Government’s revenue shortfall.
Government revealed in its pre-budget report last week that it had made a nearly $50 million allowance for bad debts for fiscal 2010-11 as businesses c...
DATE: Dec 19, 2011
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CATEGORY:
Other
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Bermuda-based Nabors Industries has concluded the sale of the assets from its subsidiary, Ramshorn Investments Inc, for about $72 million in cash.
Ramshorn Investments sold all of its interest in certain oil and gas properties in California. Accordin...
DATE: Dec 19, 2011
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CATEGORY:
International Business
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XL Group plc has announced that the board of directors of its wholly-owned subsidiary XLIT Ltd (formerly XL Group Ltd) agreed on Friday to pay a dividend of $9.1084 per share on its Series D preference ordinary shares.
The dividend will be paid on Ja...
DATE: Dec 19, 2011
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CATEGORY:
Reinsurance
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Bermuda Realty Company has honoured 17 of its employees for long service.
The most notable recognitions went to sales representative Fiona Hatfield and senior land surveyor David Kuhn.
Ms Hatfield started with the company 25 years ago as a receptioni...
DATE: Dec 19, 2011
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CATEGORY:
Local Business
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Butterfield Bank traded 307,106 shares on The Bermuda Stock Exchange yesterday.
The Bank’s shares closed unchanged at $1.25.
Overall the Index also remained unchanged for the day at 1,096.78 with 2,970 shares worth $4,596.50 changing hands.
The BSX I...
DATE: Dec 17, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based Omega Insurance Holdings Ltd says its board wants no further deal discussions with suitor Haverford Bermuda Ltd after it rejected a new offer from Mark Byrne's company for a 25 percent stake in Omega.
Omega said it also disputed Haverfo...
DATE: Dec 16, 2011
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CATEGORY:
Other
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