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Devonshire Industries Ltd fell 33.33 percent ($3) on The Bermuda Stock Exchange yesterday.
The owner of Bermuda Paint traded 1,900 shares to close at $6.
But fellow consumer firm West Hamilton Holdings Ltd inched up 0.13 percent (one cent) to $7.66 w...
DATE: Jun 10, 2011
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CATEGORY:
Bermuda Stock Exchange
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Concerns are mounting over the United States’ $14.6 trillion debt mountain and how the world’s biggest economy will deal with it, according to Schroders’ senior fixed income portfolio manager David Harris.
New York-based Mr Harris, who was in Bermuda...
DATE: Jun 10, 2011
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CATEGORY:
Other
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The inflation rate hit 2.4 percent during April down from 2.5 percent in March driven by the rising cost of healthcare, according to the latest Government figures.
The Department of Statistics’ Consumer Price Index also revealed that the average cost...
DATE: Jun 10, 2011
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CATEGORY:
Other
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Premier and Finance Minister Paula Cox dropped in on the Bermuda Monetary Authority (BMA) to meet the Authority’s graduate trainees this week.
During the informal meeting, the Premier said that the BMA’s Graduate Training Programme (GTP) was very pra...
DATE: Jun 10, 2011
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CATEGORY:
Other
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Bermuda retailers compare favourably to their US counterparts in quality of service and quantity of goods, according to the new chairman of the Bermuda Chamber of Commerce's retail division.
Paula Clarke, who took over her new role last month, was re...
DATE: Jun 10, 2011
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CATEGORY:
Local Business
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Standard & Poor’s Ratings Services has upgraded the financial strength rating of Allied World Assurance Company to A from A-.
The Switzerland-based re/insurer, which redomiciled from Bermuda last year, “continues to outperform its peer group”, S&P s...
DATE: Jun 09, 2011
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CATEGORY:
Reinsurance
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The equity market looks set to continue to be one of the best investment opportunities for captive managers going forward, according to a top bank’s wealth manager.
Henk Potts, director of global investment strategy at Barclays Wealth, who was in Ber...
DATE: Jun 09, 2011
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CATEGORY:
Reinsurance
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Argus Group Holdings Ltd rose 5.26 percent (25 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 5,000 shares to close at $5.
But the Ascendant Group Ltd fell 1.72 percent (25 cents) to $14.25 with 700 shares traded.
KeyTech Lt...
DATE: Jun 09, 2011
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CATEGORY:
Bermuda Stock Exchange
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Rude sales staff, limited choice of goods and high prices are among some of the biggest gripes customers have about shopping in Bermuda, according to a survey released by Government yesterday.
The Department of Consumer Affairs commissioned two surve...
DATE: Jun 09, 2011
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CATEGORY:
Local Business
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Bermuda-based architects OBM International (OBMI) has announced the appointment of K Denaye Hinds as director of sustainability.
Colin Campbell, regional director of OBMI, said: “OBMI has its roots in Bermuda and the Caribbean, and we are delighted t...
DATE: Jun 09, 2011
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CATEGORY:
Other
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