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Ascendant Group Ltd’s core earnings dropped 10 per cent to $18.3 million last year as electricity sales slipped. Net income plunged 73 per cent, to $5.4 million from $20.2 million in 2017, driven by a one-off $12.8 million restructuring charge, relat...

Ascendant Group Ltd is considering putting itself up for sale. The owner of power utility Belco said in a statement yesterday morning that its board of directors has “begun a process of evaluating strategic alternatives, including the potential sale ...

AirCare has installed Bermuda’s first nitrogen-generating plant. Nitrogen is used frequently for installing, testing and cleaning air-conditioning systems as well as in specialist fire-suppression systems. AirCare, which is owned by Ascendant Group...

The community partners of Ascendant Group helped West Pembroke School complete a maths goal of incorporating outside classroom through kinaesthetic learning. Last Wednesday, the team comprising Brendan Stones, Donna Butterfield, Annette Eve and Aziza...

Rapidly falling demand for electricity has impacted the earnings of Ascendant Group, the parent company of Belco. The company has reported core earnings, before corporate expenses, of $11.9 million for the third quarter, which is $900,000 down on the...

Four executives have left Ascendant Group — two were made redundant and two resigned. Denton Williams, the company’s chief operating officer, and Zehena Davis, vice-president of human resources, resigned. Also leaving are Michael Daniel, Ascendant’s ...

Twelve employees of Ascendant Group Ltd have attained the Institute of Leadership and Management Level 5 certificate in leadership and management. ILM is an independent charity that forms part of the City & Guilds Group. It is the UK’s largest mana...

The home affairs ministry stepped into a row last night about three redundancies at power firm Ascendant. The move came after three Bermudian marketing staff lost their jobs last week at Ascendant, parent company of Belco, and their roles were outsou...

Three staff members have been made redundant at Ascendant Group following the outsourcing of its marketing and communications department to design and marketing company Cosmic Limited. A further two vacant positions at Ascendant have also been axed. ...

Ascendant Group Ltd’s reported earnings fell 70 per cent in the first six months of the year to $3.2 million. The decrease from the $10.2 million of net earnings reported in the first half of 2017 was driven by higher depreciation costs, the payment ...

Ascendant Group Ltd has seen a record number of girls sign up to its Stem camp this year. The camp caters to middle school students looking to enhance their skills in science, technology, engineering and mathematics, by developing challenging robotic...

An energy sector executive who is responsible for one of the largest electric transmission networks in the northeast of the US has joined the board of Ascendant Group Limited, the parent company of Belco. Rudolph Wynter is one of two new appointments...