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The RG/BSX Index rose 149.49 (6.69 per cent) to 2,382.30, driven higher by Bank of N.T. Butterfield Ltd, which was up $3 (10 per cent) to $33 on the trading of 689 shares. It was countered by BF&M Ltd, which closed at $22, down by $1.25 (5.4 per cent...

Chris Weber has commenced his role as senior vice-president and chief financial officer at Valaris Limited, the Bermudian-based offshore drilling services company. Mr Weber, who was appointed in May, previously served as chief financial officer of Lu...

Kiniksa Pharmaceuticals Ltd, the Bermudian-based biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a net loss of $20 million in the second quarter. That compar...

Restaurateur Marico Thomas plans to double his FoodHub workforce by hiring 150 more people. The new staff will be split among FoodHub’s new location in St George, currently under renovation, their renovated Angle Street, Hamilton location and their n...

Elbow Beach Cycles in Paget is now in the hands of Scooter Mart. Dolores Thomas, better known as ‘Mrs T’, handed the baton to Nick Thomson at Scooter Mart at the beginning of July, after decades of cycle rentals. “To be honest I wanted to ease down a...

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon. The bank absorbed a third of the 75-basis-point increase in the target range of the US federal funds rat...

The leader of the OBA has warned consumers with variable interest-rate loans to brace themselves for higher payments, in light of the latest US Federal Reserve interest-rate increase. “Overdraft fees will increase, and new overdraft facilities will b...

The International Coaching and Leadership Institute has joined forces with Bermuda College to offer a new coach training and leadership development programme to professionals and students. Beginning in October, the Coaching Foundations certificate pr...

Seven participants in the fifth annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Development Corporation have introduced their businesses to the community with a meet and greet on the lawn of City Hall in Hamilton. The B...

Mosaic Insurance has launched a podcast series exploring the impact fast-changing risks are having on people, businesses and global economies. The Mosaic Moment series offers informed insights on economic and geopolitical themes affecting the commerc...