RSSCategory: Business

Bermuda Stock Exchange Report: June 28 2016

Bermuda Stock Exchange Report: June 28 2016

Today [June 28] saw 19,338 shares trade on the Bermuda Stock Exchange, valued at $31,602.00 BD. 19,200 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.61 per share, while the other 138 shares were traded by Ascendant Group Limited, closing even at $5.06 per share. The BSX finished at 1,169.34, also even on the day. There were... Read more of this article

UK Will “Consult” With Territories About Brexit

UK Will “Consult” With Territories About Brexit

Speaking in UK Parliament yesterday, Prime Minister David Cameron said they must ensure that the interests of all parts of the UK are protected, so as they prepare to negotiate with the European Union they will consult various jurisdictions including the Overseas Territories. The UK referendum on June 23rd saw the British vote — by 51.9% — to sever... Read more of this article

Photos: Prestige Autos Launch Jeep Renegade

Photos: Prestige Autos Launch Jeep Renegade

Prestige Autos recently held an event to officially unveil the Jeep Renegade, outside Harry’s Restaurant located in the Waterfront Complex, overlooking Hamilton Harbour. The company website says the Jeep Renegade comes in two models, the Longitude and the Limited. Both models come with a touch screen display, USB connection and voice command with... Read more of this article

Column: What Is Our Real Unemployment Rate?

Column: What Is Our Real Unemployment Rate?

[Opinion column written by Larry Burchall] Bermuda’s true level of unemployment is likely much higher than the rate – seven percent [7%] and 2,348 Bermudian persons 2015 – that is officially and recently reported. The higher and real number creates a need for a massive difference in the fundamental approach to fixing Bermuda’s economic... Read more of this article

Warwick Gas Station 5K Fundraiser For Autism

Warwick Gas Station 5K Fundraiser For Autism

Warwick Gas Station recently partnered with Bermuda Autism Support and Education [BASE] to host the second annual RUBiS Warwick 5k Family Fun Run, attracting over three hundred registrants and raising $12,270 for BASE. While turnout was hampered by inclement weather on the day, many men, women, and children walked and ran the 5-kilometre route, which... Read more of this article

Bermuda Stock Exchange Report: June 27 2016

Bermuda Stock Exchange Report: June 27 2016

Today [June 27] saw 100,000 shares trade on the Bermuda Stock Exchange, valued at $161,250.00 BD. All 100,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.61 per share. The BSX finished at 1,169.34, down 0.76% on the day. There were 0 advances, 1 decline, and 58 remained unchanged. The full report for the day is available  Read More →

Designated Sites: St George’s, Hamilton Princess

Designated Sites: St George’s, Hamilton Princess

The Bermuda Casino Gaming Commission announced that the Minister has accepted their recommendation that two sites be identified as Designated Sites – namely the planned new hotel development in St. George’s and the Hamilton Princess. The announcement said, “Senator, The Honorable Michael Fahy, JP, Minister of Tourism, Transport, &... Read more of this article

Dudley Smith Wins Car In ‘Rev & Roll’ Promotion

Dudley Smith Wins Car In ‘Rev & Roll’ Promotion

Bermuda General Agency [BGA] announced that Dudley Smith of Southampton is the winner of the Rev & Roll Car Promotion, with Mr. Smith now the proud owner of a 2016 Hyundai Veloster. BGA teamed up with Auto Solutions for the island-wide promotion, which ran from April 25 to June 14. Shoppers who purchased a Tide or Gain detergent, plus a Bounty or... Read more of this article

Advisory: Amended Tax Rates Must Be Used

Advisory: Amended Tax Rates Must Be Used

The Office of the Tax Commissioner has reminded taxpayers that the amended tax rates effective April 2016 must be used to calculate taxes due for the quarter ending June 30th, with the rate for taxpayers under the Hotel, Restaurant or Retail Payroll Tax Relief Programmes revised from 5.5% to 8% effective April 1st. The statement said, “Tax payers... Read more of this article

Argus Group Reports Earnings Of $7.3 Million

Argus Group Reports Earnings Of $7.3 Million

Argus Group Holdings Limited today announced net earnings to shareholders of $7.3 million for the year ended March 31, 2016. “Included within the net earnings figure are unrealised investment losses of $8.0 million, which are driven by short-term volatility in global investment markets, and as such, are not reflective of longer-term expectations... Read more of this article

April 2016: Retail Sales Increase By 2.3%

April 2016: Retail Sales Increase By 2.3%

Retail sales in April 2016 increased 2.3% above the $90.1 million recorded in April 2015– and when adjusting for the annual retail sales rate of inflation, measured at 2.0% in April, the volume of retail sales increased 0.4%.— according to the recently released Retail Sales Index. “Four of the seven sectors experienced increases in sales revenue.... Read more of this article

Two Companies Appointed For Airport Project

Two Companies Appointed For Airport Project

Aecon Group Inc announced today [June 27] the engagement of Island Automation Limited to perform electrical engineering services and Onsite Engineering to perform mechanical engineering services for the redevelopment of Bermuda’s airport. “The appointments of these Bermudian companies for the first design phase of the project follow a competitive... Read more of this article