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"SeaCo distributes more to shareholders"

Bermuda-based shipping container investment and leasing group SeaCo Ltd has announced a second liquidating distribution of $0.05 per share, representing a payout of $33 million. SeaCo was formed in 2009 to hold the existing container leasing investme...
Mar 20, 2013
Other

"Ex-Premier welcomes call for inquiry into Govt tendering"

Former Premier Ewart Brown has endorsed a call by former Royal Gazette Editor Bill Zuill for an independent, public inquiry into “tendering and contracts”. In a press release, Dr Brown said that he supported Mr Zuill’s call — made in an editorial on ...
Dec 24, 2012
Other

"Fitch Ratings spells out fiscal challenges for new govt"

After three years of recession, the new OBA Government faces a major challenge in paving the way for a resumption of growth, according to Fitch Ratings. “The new government faces a pressing need to address high unemployment, a continuing recession, ...
Dec 19, 2012
Local Business

"LOM promotes Portelli"

LOM Securities is pleased to announce that John Portelli is now an assistant vice-president — investments. John joined LOM in March 2010 as a financial adviser. Michael Greaves, sales manager at LOM said: “I am pleased to recognise John’s individual ...
Dec 14, 2012
Other

"Controversy as vetted bid loses out on Govt contract"

A Government Minister has pushed through a construction project bid that was 28 percent more than a Civil Service-recommended bid — and after the Minister herself had presented that lower and fully vetted bid to Cabinet, recommending it for approval....
Dec 13, 2012
Other

"Finkbeiner the first Bermudian to become Chartered Director"

The Institute of Directors Bermuda Branch (IoD) has announced that Horst Finkbeiner, director and chief operating officer at Bermuda Commercial Bank, has become the first Bermudian to receive the Chartered Director designation in Bermuda. To become a...
Nov 16, 2012
International Business

Bermuda sees $9b of M&A deals in third quarter

Bermuda bucked the trend in mergers and acquisitions by recording 74 deals in the third quarter — usually a quiet time of year for M&A. That is according to a report released by offshore law firm Appleby, who said the deals amounted $9.08 billion. Th...
Nov 14, 2012
Local Business

"MJM appoints Rana-Fahy as senior associate"

Law firm MJM has appointed Fozeia Rana-Fahy as a senior associate with the firm. Ms Rana-Fahy has a growing corporate/commercial litigation practice, including complex trust and private client litigation, employment, and mediation. Andrew Martin sa...
Oct 31, 2012
Local Business

"BEPRO offers seminar on the fundamentals of branding"

Economic downturn, slowdown, recession — call it what you will. The bad economy has affected many businesses in Bermuda. And when times are tight, experts say brand can drive growth in an up market or protect a company’s value in a down market. That...
Oct 24, 2012
Local Business

"12 find jobs through Government Construction Incubator initiative "

The second public works project borne out of the Government’s Small Business Construction Incubator (SBCI) and Hands Up programmes was unveiled yesterday. Through the project, 12 people have been put to work. Standing with Minister of Government and ...
Oct 23, 2012
International Business

"Indian Hotels makes $1.86b takeover bid for Orient-Express"

Indian Hotels has made a $1.86 billion bid to take over Bermuda-based Orient-Express Hotels. The offer amounts to $12.63 per share, representing a premium of 40 percent over Orient-Express’s closing share price on Wednesday. Indian Hotels, which is a...
Oct 19, 2012
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