Archive for December 14th, 2011
S&P Affirms Butterfield’s Ratings
The Bank of N.T. Butterfield & Son Limited announced that, in a rating update dated 13 December 2011, credit rating agency Standard & Poor’s [S&P] has affirmed Butterfield’s long-term credit rating at A- and its short-term customer deposit rating at A-2. S&P also increased the rating of the Bank’s preferred shares to BBB. Brad... Read more of this article
Attempted Murder: Noet Barnett Found Guilty
[Updated] The jury in the attempted murder trial of Noet Barnett came back with a verdict this evening [Dec.14], finding Mr Barnett guilty of attempted murder. Mr Barnett, 25, was accused of shooting Jeremiah “Rocks” Dill on October 4, 2010 on Parsons Road by the One Stop Variety Store. The two men were friendly before the shooting; Mr... Read more of this article
Hamilton Princess: $52M Upgrade
Tourism & Business Development Minister Wayne Furbert joined the owners and management of Fairmont Hamilton Princess today [Dec.14] in announcing a new $52 million waterfront development project. The Government has granted in-principle support for the concept of a redevelopment plan submitted by the hotel for a yacht club and additional rooms. The... Read more of this article
OBA’s Richards On Pre-Budget Report
[Updated with videos] “We are living with the consequences of a government that has lost control of the public purse and put the Island on a path to financial ruin,” said Shadow Finance Minister Bob Richards. Speaking at a press conference this afternoon [Dec.14], Mr Richards said, “The Government’s Pre-Budget Report released... Read more of this article
Blazers Forfeit Match For Safety Reasons
The Boulevard Blazers of the Digicel Premier Division have forfeited the Friendship Trophy competition 2011/12, pulling out of the scheduled match which was to be played in Somerset. The Boulevard Blazers were scheduled to play Somerset Trojans in the preliminary round tonight [Dec.14] at Somerset Cricket Club. This now means Somerset Trojans will advance... Read more of this article
Accident: Traffic Delays In Paget
[Updated] At approximately 12pm today [Dec.14] there was an accident on Middle Road in which it appears a car collided with a wall, and has resulted in the Police blocking the road. At approximately 12.55pm a police spokesperson said, “The motoring public is advised that the section of Middle Road in Paget between Manse Road and Cobbs Hill Road... Read more of this article
PLP: Tyrrell To Run In Devonshire East
[Updated with video] This afternoon [Dec.14] the Progressive Labour Party held a press conference and confirmed that former Senator and Bermuda Football Association president Neville Tyrrell will represent them in Constituency #11, Devonshire East at the next General Election. Devonshire East is presently held by the One Bermuda Alliance’s Bob... Read more of this article
Four Staff Leave Revelation Capital
Bermuda-based Revelation Capital Management Ltd., formerly Osmium Capital, has lost three members of its investment team and its head of marketing and investor relations. Hedge fund industry journal “Finalternatives” reports today [Dec. 14] that Richard Cox, Kingsley Minty, Daniel Perrin — all formerly on the investment team of the... Read more of this article
Smith & King To Speak At BTFA Banquet
The Bermuda Track & Field Association will be holding its bi-annual banquet this coming Sunday December 18th ay 6:30pm at the Fairmont Hamilton Princess, and Tyrone Smith and Arantxa King will be the guest speakers. BTFA President Donna Watson said, “With both of them living overseas we felt it would be a great idea for the people of Bermuda... Read more of this article
Mailboxes Boss: Open Letter To Premier
In an open letter to Premier Paula Cox, Mailboxes Unlimited president Steve Thomson is urging her to reconsider proposals which could lead to the introduction of a heavy new tariff on goods Bermudians import to the island using couriers. The Premier and Finance Minister recently said Government was considering introducing a 35 percent duty rate on... Read more of this article
Analysts Upgrade Bermuda’s Platinum
Bermuda’s Platinum Underwriters was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Dec.14]. Separately, analysts at Credit Suisse initiated coverage on shares of Platinum Underwriters in a research note to investors last... Read more of this article
Top Bermuda Lawyer Moving To Australia
Appleby announced that partner David Lines will be retiring from the Group at the end of September 2012 and will be moving to Australia with his family. Bermudian Mr. Lines said: “I am sad to be leaving Appleby, where I have enjoyed 14 successful years. “During this time I am pleased to have played a role in the growth of Appleby’s local and... Read more of this article
