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Bermuda Stock Exchange

BSX turnover tops $108K

A total of 42,310 shares valued at $108,520 were exchanged today on The Royal Gazette/BSX. Bank of Butterfield saw 38,010 shares sold, leaving its closing price unchanged at $1.99. And 20 of the bank’s preference shares also moved, leaving the price ...
Dec 17, 2014
Other

Progress being made on America’s Cup planning

Government has vowed to spread the benefits of the America’s Cup throughout the community as it begins to prepare for one of the biggest sporting events in the world. The pledge comes as Minister of Economic Development, Dr Grant Gibbons, asked for t...
Dec 17, 2014
Other

Clocktower mall open seven days a week

Dockyard’s Clocktower Mall is to stay open for business all week during the early months of 2015. The West End shopping centre will open its doors from 11am to 4pm during January through the month of March.
Dec 17, 2014
Other

Is this the Bermuda we want visitors to see?

With all eyes on Bermuda after the Island won the chance to host the 2017 America’s Cup, many locals wondered how the Island would cope with the surge in visitors. One of the Bermuda’s top attractions is its beaches. Public restrooms at Shelly Bay we...
Dec 17, 2014
Other

Baby daughter for PLP Deputy Leader

The Progressive Labour Party Deputy Leader David Burt is celebrating the birth of a daughter. Senator Diallo Rabain announced the news during the motion to adjourn in the Senate today, with everyone in the Chamber congratulating Mr Burt and his wife...
Dec 17, 2014
Reinsurance

Argus delegation meets Malta’s president

Bosses at insurance firm Argus have met the president of Malta to underline their commitment to the country. Alison Hill, CEO of Argus, which has offices in Malta connected with its pension and private health insurance business there, and other top e...
Dec 17, 2014
Local Business

Collier retires from Somers board

Michael Collier has retired as deputy chairman of Bermuda Commercial Bank’s parent company Somers Ltd. Mr Collier will also retire from the board of directors and Duncan Saville has been appointed as a new director, Bermuda Stock Exchange-listed Some...
Dec 17, 2014
Other

Reef study presented to Environment Minister

A unique study looking at the health of the island’s reef system has been presented to Environment Minister Jeanne Atherden. The report is a culmination of all the data collected during Reef Watch 2014. The one-day event was held on June 28 and invol...
Dec 17, 2014
Other

Man accused of shop thefts

A man has denied stealing a rain jacket and items from a pharmacy. Alexander Christopher, 45, appeared in Magistrates’ Court today and pleaded not guilty to theft. He is accused of taking a rain jacket from Island Trading on Reid Street and $93 wort...
Dec 17, 2014
Court

Man jailed for beating girlfriend

A man who beat his girlfriend in a jealous rage has been jailed. Maxwell Smith, 42, from Southampton, appeared at Supreme Court yesterday. He pleaded guilty to assault causing bodily harm and threatening Debra Araujo on November 22 of last year. Th...
Dec 17, 2014
Other

Employee protection gets Senate approval

The Senate this morning approved two draft orders giving protection to employees reporting misconduct in the workplace. The changes were made to the Good Governance Order 2014 and the Employment (Protected Disclosures) Order. It will protect employee...
Dec 17, 2014
Reinsurance

XL offers $4bn to buy Catlin

XL Group is in talks aimed at buying Catlin in a potential $4 billion deal that would create a massive combined insurer and reinsurer. Catlin is based in Bermuda and XL, which started operations on the Island in the 1980s, has a substantial presence ...
Dec 17, 2014
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