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Bermuda Aviation Services Ltd. dropped six percent (30 cents) to $4.70, with 2,600 shares traded on The Bermuda Stock Exchange (BSX) yesterday.
Argus Group Holdings Ltd. transacted 3,200 shares, Butterfield Bank (1,268 shares), BF&M Ltd. (500) and th...
DATE: Jul 14, 2010
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The Bermuda Government yesterday raised $500 million in its debut US dollar public bond offering that was six times oversubscribed.
The 5.6 percent coupon on the bonds means Government must make interest payments totalling $28 million per year to the...
DATE: Jul 14, 2010
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LONDON (Bloomberg) – British Airways Plc's cabin-crew union appealed to investors at their annual meeting to press for a compromise in an 18-month dispute over pay and staffing levels. CEO Willie Walsh told the gathering that there'll be "no fudging"...
DATE: Jul 14, 2010
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LISBON (Reuters) – Portugal's debt-ridden economy will struggle to grow next year, its central bank and Moody's Investor Service said yesterday, as the credit agency cut the country's rating and forecast more austerity in 2011.
The two-notch downgrad...
DATE: Jul 14, 2010
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NEW YORK (Bloomberg) – Alcoa Inc., the largest US aluminium producer, reported second-quarter sales and profit that beat analysts' estimates and forecast higher global demand for the metal, which may signal broader economic growth.
Alcoa gained in Eu...
DATE: Jul 14, 2010
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A Sandys man was charged with importing and selling slingshots and air pistols.
Paul Crosby Smith, of East Shore Road, yesterday denied importing eight slingshots into the Island on May 11.
He is further charged with supplying persons with prohibited...
DATE: Jul 14, 2010
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St. David's management member Kamilah Cannonier has accused the Eastern Counties Cricket Association of bias against the club, and said the decision to withdraw from this year's competition stemmed from "years of rulings against St David's".
Cannonie...
DATE: Jul 14, 2010
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ATHENS (Bloomberg) – Greek Finance Minister George Papaconstantinou said the government may resume bond sales next year as he welcomed an auction of Treasury bills at a rate below what the country pays for European aid.
Greece yesterday sold 1.625 bi...
DATE: Jul 14, 2010
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West End Development Company (WEDCO) could decide as early as today which construction company will take over the lease for the Dockyard silos.
But according to Myron Piper, of Island Cement Ltd., new competitors didn't stand much of a chance.
Mr. Pi...
DATE: Jul 14, 2010
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Team manager Brett Wright is confident Bermuda's sailors can continue a tradition of amassing medals at major events as they look to rule the waves at the CAC Games.
The Bermuda Sailing Association are sending a team of four to Puerto Rico this month...
DATE: Jul 14, 2010
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AUTHOR:
Stephen Wright