RSSCategory: Business

Sol Petroleum Launches “Easy Living” Promotion

Sol Petroleum Launches “Easy Living” Promotion

Sol Petroleum Bermuda Ltd and its family of Esso-branded service stations have launched a promotion that offers customers a chance to win a month of “Easy Living”, whereby a portion of household bills, fuel and groceries are paid for by Esso for one month. The household bills include electricity, cable and internet, landline and mobile telephone,... Read more of this article

Bermuda Stock Exchange Report: June 21 2017

Bermuda Stock Exchange Report: June 21 2017

June 21 saw 3,588 shares trade on the Bermuda Stock Exchange, valued at $76,492.80 BD. 3,388 shares were traded by BF&M Ltd, closing at an even $20.60 per share, while another 200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.5% at $33.50 per share. The BSX finished at 2,022.36, down 1.10% on the day. There were 0 advances,... Read more of this article

BAS Donates $5K To Mentoring Charity YouthNet

BAS Donates $5K To Mentoring Charity YouthNet

Bermuda Aviation Services Limited [BAS] today announces a donation of $5,000 to youth mentoring charity YouthNet. Chris Phillips, a representative of BAS, was on hand this morning to present a cheque of $5,000 to YouthNet Executive Director Clare Mello as part of the BAS Group Corporate Social Responsibility Programme. The donation will go towards supporting... Read more of this article

BF&M Reports First Quarter Earnings Of $6M

BF&M Reports First Quarter Earnings Of $6M

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited reported first quarter earnings. The filing stated, “BF&M Limited today reported shareholders’ net income for the three months ended 31st March 2017 of $6.0 million, resulting in an annualized return on shareholders’ equity of 8.8%. Shareholders’ net income for the comparative... Read more of this article

Appleby Bermuda: Trust & Estate Firm Of Year

Appleby Bermuda: Trust & Estate Firm Of Year

Appleby’s Bermuda firm was honoured as the winner in the category of Trust and Estate Planning Law Firm of the Year from Global Law Experts. Global Law Experts [GLE] has conducted its extensive nomination and research process for determining this year’s winners in the 8th Annual GLE Awards. Appleby Bermuda was chosen as the winner based on client... Read more of this article

Bermuda Stock Exchange Report: June 20 2017

Bermuda Stock Exchange Report: June 20 2017

June 20 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $14,670.00 BD. 6,000 shares were traded by Bermuda Aviation Services Ltd, closing up 40.0% at $2.45 per share. The BSX finished at 2,044.85, up 0.16% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Kevin Richards Joins Board Of Shipping Group

Kevin Richards Joins Board Of Shipping Group

BDA’s Kevin Richards, Business Development Manager for International Commerce, has been named to the Board of the Bermuda International Shipping Association [BISA]. “I’m delighted to join the Board of BISA, which is an important part of Bermuda’s shipping ecosystem,” said Richards. “Historically, BISA has been a strong voice in Bermuda’s... Read more of this article

Retail Sales Increase 2.3% In April 2017

Retail Sales Increase 2.3% In April 2017

Retail sales in April 2017 increased 2.3% above the $92.7 million recorded in April 2016 and when adjusting for the annual retail sales rate of inflation – measured at 0.8% in April – the volume of retail sales increased 1.4%, according to the recently released Retail Sales Index. “Five of the seven sectors experienced increases in sales... Read more of this article

Catherine White New Print Series At &Partners

Catherine White New Print Series At &Partners

Contemporary gift and design store & Partners — located at 46 Par-la-Ville Road in Hamilton — said they are thrilled to announce the release of a new series of limited edition Bermuda inspired prints by Bermudian artist and Interior Designer Catherine White. There will be an event to celebrate the release this coming Wednesday June 21st... Read more of this article

Apply For Tomasz Tabor Hospitality Scholarship

Apply For Tomasz Tabor Hospitality Scholarship

The Bermuda Hospitality Institute is calling all young, aspiring hospitality students to apply for its annual Tomasz Tabor Hospitality Scholarship, with applications due in before June 30. Launched in 2014, the scholarship was created to honor the life of beloved local chef Tomasz Tabor, who lost his life in a road accident three years ago. Over the... Read more of this article

‘Record Breaking’ Month For Butterfield & Vallis

‘Record Breaking’ Month For Butterfield & Vallis

Butterfield & Vallis said they are “celebrating a record-breaking month of business due to the 35th America’s Cup.” “The America’s Cup and the Tall Ships Festival have created an exciting atmosphere and driven an appreciable increase in food sales in May, resulting in record sales for the local food distribution company. In... Read more of this article

A.M. Best Affirms Ratings Of Assured Guaranty

A.M. Best Affirms Ratings Of Assured Guaranty

Rating company A.M. Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” of Assured Guaranty Re Overseas Ltd. [AGRO] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect AGRO’s strong risk-adjusted capitalization,... Read more of this article

Goslings Stormy Ginger Beer Sales Increase

Goslings Stormy Ginger Beer Sales Increase

Castle Brands, an international marketer of premium drinks brands, reported their latest financial results, and in doing so, said that sales of Goslings Stormy Ginger Beer increased 23.3% to $20.0 million from $16.2 in the prior year “due to strong sales in the U.S. and international markets.” “In March, Goslings Stormy Ginger Beer... Read more of this article