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Renewables is something we at Algonquin Power & Utilities Corporation are passionate about. It is how our company started. From our inception in 1988, we have approached business growth with a long-term commitment to creating value for our customers ...

British Airways said yesterday it would not restart “meaningful” services until July at the earliest — and there could be a 50 per cent reduction in capacity. Willie Walsh, the chief executive of IAG, the parent company of BA, said the return of flig...

Hiscox is to raise as much as $500 million in an equity sale to take advantage of new opportunities in the post-Covid-19 insurance market. At the same time, the Bermudian re/insurer has estimated potential business UK interruption insurance losses of...

RenaissanceRe suffered a hit of more than $100 million from Covid-19 to its first-quarter results. The Bermudian reinsurer posted a loss of $82 million, or $1.89 per share, in the first three months of the year, compared to net income of $273.7 milli...

Butterfield Bank has defended its decision to make larger interest rate cuts in Cayman than in Bermuda after criticism from the Premier and the finance minister. The bank said the decisions reflected the “different demand, supply and lending-risk rea...

If I have learnt anything over the past several decades of working with people and communities to build Algonquin Power & Utilities Corporation, it is that “doing the right thing” is non-negotiable when it comes to how a company such as ours operates...

Ascendant Group Ltd posted net earnings of $4.1 million for the first three months of the year as electricity demand fell. The parent company of power utility Belco said the impact of Covid-19 on the group had been minimal through the end of March an...

The head office for Belco will be open during the week for bill payments, it was announced today. The office, located on Serpentine Road in Pembroke, will be open Monday to Friday from 8.30am to 3pm. Only four people will be allowed in the lobby at a...

Butterfield Bank will reopen from Monday as part of phase one of the relaxation of Covid-19 shelter in place measures, while HSBC Bermuda has announced opening times for its branches on two days next week. In addition, Clarien Bank has streamlined it...

Last year, we at IBV Capital shared our views on the extensive sale process Ascendant Group was conducting to find a suitable buyer for the company. Since then, Ascendant Group has entered into a sale agreement with Algonquin Power & Utilities Corpor...

Staff at one of the island’s biggest retail firms have had their hours cut by half, it was announced today. Edmund Gibbons Ltd, the parent company of department store Gibbons Company, drinks firm Burrows Lightbourn and Bermuda Motors, said that the m...

A tweet from the Government yesterday signalled that the restarted British Airways service to the island could fly in and out of Heathrow instead of Gatwick. The tweet came after staff at the airline were told that the company might not reopen its Ga...