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Securities and Exchange Commission to sell a minority stake in the company though a $300 million initial public offering. The money raised will be used to finance the building of the company's undersea fibre-optic cable network. According to Bloomber...

provider Bermuda Aviation Services Ltd. (BAS) has declared record results of $992,278 for the year to March 31 -- a 71 percent increase over the year before. The company, which paid dividends of 40 cents per share (1997: 32 cents) is positioning itse...

Redeemable Notes. The delisting was granted because the notes matured on March 26 and all those outstanding have been redeemed.

will declare net income for the year to March 31 at $9,057,615, a near 21 percent improvement over the year before. President Arthur Haycock said yesterday the firm had a very good year. Property sales were marginally higher than last year. But he sa...

record earnings for the year to March 31, as the bottom line profit improved almost 10 percent over the previous year to $11.49 million. Argus CEO Gerald Simons said that net premiums for the year rose 20 percent from $34.61 million to $41.56 million...

drenched in the rain. Officials will visit two North American airports later this year to get ideas for permanent covered walkways connecting plane passengers with the terminal. And the temporary cover now being used at Bermuda International Airport ...

repurchase programme to buy up to $25 million of its shares. The buyback represents about 2.5 percent of the value of all its outstanding shares. The company is currently valued at about $992 million on the stock market, selling for about $44 a share...

annual dinner of the Bermuda branch of the Institute of Directors tomorrow at the Mid Ocean Club. Mr. Francis will speak on the future of offshore financial services and how Bermuda and The Bahamas can work together. Brian Redman, a former race car d...

ElAmin . The estimated 1,200 members of the Bermuda Workers Cooperative Society were asked to arrive at a meeting last week with $1,200 to pay off debts of $1.4 million owed by the organisation to creditors. The debts were racked up from the operatio...

expansion. Catastrophe bonds will explode into a multi-billion market by the turn of the century and Bermuda-based Centre Solutions (formerly known as Centre Re) is one of four players at the leading edge of this boom, according to credit rating comp...