77160 results returned for search: "" category "Business"
UK stockbroker Seymour Pierce on Friday called off its planned merger with Bermuda-based Gerova Financial, the Financial Times reported.
The announcement followed a a dramatic plunge in the US-listed reinsurer’s share price and growing concern abou...
DATE: Feb 26, 2011
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CATEGORY:
Reinsurance
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Bermuda Aviation Services Ltd (BAS) fell 4.7 percent in Bermuda Stock Exchange (BSX) trading yesterday.
BAS slipped 20 cents to close on $4.05 as 1,500 shares traded.
Butterfield Bank was the only other domestic board issuer to trade and remained on ...
DATE: Feb 26, 2011
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CATEGORY:
Bermuda Stock Exchange
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LONDON (Bloomberg) Bermuda-based Seadrill Ltd., the oil rig company controlled by billionaire John Fredriksen, said fourth-quarter net income fell 33 percent on costs for the early conversion of convertible bonds.
Net income after minorities fell to ...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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One hundred thousand Butterfield Bank shares traded yesterday on the Bermuda Stock Exchange (BSX).
The bank, which lost more than $200 million last year, remained unchanged on $1.25.
The bank’s preference shares also traded, rising $10, or 0.8 percen...
DATE: Feb 25, 2011
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) Bermuda-based Teekay Corp, owner of vessels that haul oil and liquefied natural gas, reported fourth-quarter profit more than doubled because of gains from interest-rate swaps.
Net income increased to $85.9 million, or $1.16 a sh...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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Bermuda-domiciled wireless services provider Digicel Group said its subscriber numbers increased to 11.5 million last year.
That represents a seven percent increase for the group, which operates in 32 markets in the Caribbean, Central America and the...
DATE: Feb 25, 2011
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CATEGORY:
Technology
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Bermuda-based reinsurer RenaissanceRe Holdings Ltd has raised its quarterly dividend for the 16th successive year to 26 cents per share from 25 cents.
The increase means the company has managed to raise the payout to shareholders for every year since...
DATE: Feb 25, 2011
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CATEGORY:
Reinsurance
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Bermuda-based credit insurer Primus Guaranty Ltd yesterday said fourth-quarter net income fell to $128.3 million, compared with $295 million in the same period last year.
The profits were driven by net credit swap revenue of $142.4 million, which in...
DATE: Feb 25, 2011
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CATEGORY:
Reinsurance
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Trading in shares of Bermuda-based Gerova Financial Group was yesterday suspended on the New York Stock Exchange (NYSE).
Michael Hlavsa, chief financial officer of Gerova, said: “After a discussion with the NYSE, we concur that the best decision was...
DATE: Feb 25, 2011
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CATEGORY:
Reinsurance
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Bermuda-based investment manager Osmium Capital Management Ltd is changing its name to Revelation Capital Management Ltd.
In a statement, the firm said the new name “symbolises our core beliefs and demonstrates the process behind our strong performan...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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