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Bermuda's second largest bank closed up $2.25 at $27.25 -- a new 52 week high.
Bank of Butterfield also rose, up $1.10 to close at $49.10, up 2.3 percent. No other stocks were traded.
The index was pushed up by 79 points or 3.35 percent to close at 2...
DATE: Apr 19, 2001
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of 12.01am, eastern standard time, on April 20th 2001. They are: ACE INA 8.875 percent Trust preferred Securities due 2029 changing from ACL Pr A to ACE Pr A; Capital Re LLC 7.65 percent Mandatorily Redeemable Preferred Securities due 2044 changing...
DATE: Apr 19, 2001
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company which is listed as a local company must be owned by Bermudians or Bermudian companies. The other 40 percent can be owned by people or institutions from off the Island.
The 60/40 rule is listed in section 114 of the Companies Act.
DATE: Apr 19, 2001
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Bank of N.T. Butterfield & Sons Ltd's stock shot up yesterday by nine percent to an all-time record high of $27.25 after it announced the company was to be exempted from strict 60/40 ownership rules.
And prices could go up even further, as the move c...
DATE: Apr 19, 2001
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second quarter ending March 31 2001.
Net income increased by 35 percent from $853.6 million to $1.16 billion and diluted earnings per share rose to 65 cents, a 30 percent increase over the same quarter in 2000.
Sales for the quarter rose 26 percent t...
DATE: Apr 19, 2001
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In keeping with a policy to align interest rates with that of the United States, the Bank of Bermuda yesterday announced it was lowering its Bermuda Dollar base rate by 0.5 percent, to 5.25 percent, effective May 1.
Existing variable rate mortgage ho...
DATE: Apr 19, 2001
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months, has received a big boost in the form of a buy-in to the tune of $112.5 million.
XL Capital, First Union Capital Partners, High Ridge Capital and Century Capital Partners have agreed to jointly invest in MRM through the purchase of a newly cre...
DATE: Apr 19, 2001
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The Bank of N.T. Butterfield & Sons Ltd has been given an exemption to the 60/40 ownership rules which restrict foreign investment in Bermuda companies.
But the Island's oldest bank said it will not be using the exemption to list on any foreign stock...
DATE: Apr 19, 2001
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slice of what could be Alaska's third largest city -- not Juneau itself, but a cruise-ship fleet. The industry brought 640,000 travellers to Alaska last year, compared to 200,000 a decade ago.
But Brown, the state's environmental conservation chief, ...
DATE: Apr 18, 2001
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Bermuda start-up company Worldinsure -- the first company in the world to provide a fully automated system for insurance companies to process applications -- is about to close its first deal.
The company is today expected to announce a deal with a Ca...
DATE: Apr 18, 2001
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