RSSCategory: Business

DropIt Will Be Delivering During Shelter In Place

DropIt Will Be Delivering During Shelter In Place

The DropIt Delivery service said that “they will be delivering throughout the course of the ‘Shelter in Place’ Order.” An email sent out by the company said: “Great News! We have been authorized as essential workers, which means that we will be delivering throughout the course of the ‘Shelter in Place’ Order.... Read more of this article

Shipping Schedule: Week Starting April 4

Shipping Schedule: Week Starting April 4

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday April 4th.On Monday the Oleander container ship is expected, on Wednesday the Wisby Barbados oil products tanker will arrive, and on Thursday the Bermuda Islander container ship is scheduled to arrive. The weekly shipping... Read more of this article

One Communications March Share Repurchase

One Communications March Share Repurchase

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd. advised that pursuant to its share repurchase programme, during the month of March 2020 the company repurchased 72,683 of its common shares at an average price of $3.76 for immediate cancellation. Related StoriesOne Communications 2019 Financial Results One Communications... Read more of this article

Butterfield Bank: March Share Repurchases

Butterfield Bank: March Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of March 2020, the Bank purchased for Treasury 640,000 Common Shares at an average price of $21.64 per share. Related StoriesButterfield Bank: February Share Repurchases Butterfield Bank: January Share Repurchases Butterfield... Read more of this article

Bermuda Stock Exchange Report: April 3 2020

Bermuda Stock Exchange Report: April 3 2020

April 3 saw 57,000 shares trade on the Bermuda Stock Exchange, valued at $170,130.00 BD. 52,000 shares were traded by Argus Group Holdings Ltd, closing up 0.5% at $2.19 per share, while the other 5,000 shares were traded by BF&M Ltd, closing down 1.5% at $16.25 per share. The BSX finished at 1,500.55, down 0.11% on the day. There was 1 advance,... Read more of this article

Grocers: Priority Entrance For Essential Workers

Grocers: Priority Entrance For Essential Workers

Arnold’s, Lindo’s, Harrington Hundreds, Marketplace, Miles and SuperMart will be “extending priority entrance to our stores for all essential workers over the next two weeks,” the companies have announced. A spokesperson said, “In this trying time, we want to ensure that those on the front lines, looking after us all and keeping... Read more of this article

Sun Life Donate $15,000 To Bermuda Charities

Sun Life Donate $15,000 To Bermuda Charities

Sun Life Financial International has donated $15,000 to Bermuda charities to support their efforts in fighting the coronavirus pandemic. A spokesperson said, “Sun Life Financial International announced today a donation of US$ 15,000 to Bermuda charities to support their efforts in fighting the coronavirus pandemic. The Coalition for the Protection... Read more of this article

RA Invite Comment On Proposed BELCO Sale

RA Invite Comment On Proposed BELCO Sale

The Regulatory Authority [RA] is inviting the public and other interested parties to comment on the proposed purchase of BELCO by Algonquin Power. A spokesperson said, “The Regulatory Authority is inviting the public and other interested parties to comment on the proposed ‘Change of Control’, a proposed transaction concerning the acquisition of... Read more of this article

Butterfield, HSBC & Clarien Bank Advisories

Butterfield, HSBC & Clarien Bank Advisories

Butterfield Banking Centres, HSBC Bermuda, and Clarien all issued advisories following the ‘Shelter In Place’ order. Butterfield Statement In compliance with a directive from the Government of Bermuda, Butterfield will close all Banking Centres in Bermuda [Reid Street, Rosebank, St. George, and Somerset] until further notice, effective... Read more of this article

Consumer Price Index: Inflation Increased 0.5%

Consumer Price Index: Inflation Increased 0.5%

Consumers paid 1.0% more in January 2020 than they did a year ago for the basket of goods & services included in the Consumer Price Index [CPI] and the level of inflation increased 0.5 percentage points from December 2019. A Governmnent spokesperson said, “Today, the Department of Statistics issued the January 2020 Consumer Price Index publication... Read more of this article

Retail Sales Decreased 3.1% In January

Retail Sales Decreased 3.1% In January

Today the Minister for the Cabinet Office Wayne Furbert released the January 2020 Retail Sales Index. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.8 per cent in January, the overall volume of local retail sales decreased 3.1 per cent. Meanwhile, total selected overseas declarations increased 14.1 per... Read more of this article

Appleby Hires Kit Cunningham & John Small

Appleby Hires Kit Cunningham & John Small

Appleby Bermuda has welcomed Kit Cunningham and John Small to its Corporate department. Mr. Cunningham is an associate in Appleby’s Bermuda office practicing in all areas of corporate and commercial law, including finance, insurance, public and private M&A, digital asset business and technology, intellectual property, and aviation. He was called... Read more of this article

LOM Financial March Share Repurchases

LOM Financial March Share Repurchases

In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited, has announced that the Company purchased a total of 34,900 shares at an average price of $2.75 for cancellation during 31 March 2020, pursuant to Regulation 6.38 of the BSX Listing Regulations. “LOM is authorised to purchase shares from time to time in the open market, or privately... Read more of this article