RSSCategory: Business

6pm: 89 Customers Remain Without Power

6pm: 89 Customers Remain Without Power

At 6:00pm this evening [Oct 31], BELCO said there are 89 customers in the Outage Management System waiting for power to be restored. “Crews are continuing to work tonight, so we do expect this number to improve by morning,” a spokesperson said. “We are grateful to all of the customers who are just having power restored at this stage... Read more of this article

KeyTech Reports Earnings Of $5.7 Million

KeyTech Reports Earnings Of $5.7 Million

The KeyTech Group of Companies today [Oct 31] announced earnings of $5.7 million for the year ended March 31, 2014, compared to $8.3 million in the prior year. “Notwithstanding the economic growth challenges in Bermuda and Cayman, the last 12 months have been successful in terms of strategic positioning for the company,” said KeyTech CEO Lloyd Fray... Read more of this article

CableVision: 99% Of Video, 95% Of Internet

CableVision: 99% Of Video, 95% Of Internet

99% of CableVision’s video subscribers and 95% of internet subscribers are now back online, and the company said they hope that by Wednesday all their customers will be back online. “We will continue to work over the weekend in Smith’s, Devonshire and Southampton, along with other parishes across the island to restore service to individual... Read more of this article

Argo Group Reports 2014 Q3 Net Income

Argo Group Reports 2014 Q3 Net Income

Bermuda-based Argo Group International Holdings, Ltd. announced financial results for the three and nine months ended September 30, 2014. Results for the third quarter of 2014 were solid,” said Argo Group CEO Mark E. Watson III. “Our underwriting margins continue to steadily improve. Top line growth was modest as we continue to focus on our... Read more of this article

BTC Estimated Repair Progress Now At 73%

BTC Estimated Repair Progress Now At 73%

Following restoration efforts after the two storms, BTC said they “have estimated repair progress to be in the range of 73%, with a total of 316 cables damaged, some of which provided service to hundreds of customers. “Service to all Exchange’s and remote sites has been restored and with cable restoration well underway, focus can now be... Read more of this article

Polaris Holding Company Reports $1.81M Loss

Polaris Holding Company Reports $1.81M Loss

In a filing with the Bermuda Stock Exchange, Polaris Holding Company Limited today [Oct 31] released the Company’s audited financial results for the year ending 31 March, 2014; reporting a $1.81 million loss. The filing stated: ”On October 31, 2014 Polaris Holding Company Limited, parent to Stevedoring Services Limited  reported its financial... Read more of this article

BELCO: 138 Customers Remain Without Power

BELCO: 138 Customers Remain Without Power

BELCO said that we start today [Oct 31] with 138 customers without power, adding that crews are expected to be able to work through over half of them by later tonight, with crews working island-wide, moving from one job to the next. A spokesperson said, “Today, we would also like to again request that everyone who does not have power yet to phone... Read more of this article

Bermuda’s Top 50 Twitter List For October

Bermuda’s Top 50 Twitter List For October

[Written by Don Burgess] We’re back! The last time the Top 50 Twitter List was published was July and there have been a few changes. One thing that stayed the same as former WWE champion and Fox News commentator John Layfield remains the undisputed king of the Bermuda twittersphere with well more than a half million followers. In the top 10, Dudley... Read more of this article

Deadline Extended For Techawards Nominations

Deadline Extended For Techawards Nominations

The deadline for the 2014 Technology Innovation Awards nomination process has been extended due to the distractions created by the two recent storms. A spokesperson said, “Nominations for all TechAwards will now be accepted through the 7th of November at the TechAwards website techawards.bm. “Realizing that many people have been working... Read more of this article

Bermuda Stock Exchange Report: Oct 30 2014

Bermuda Stock Exchange Report: Oct 30 2014

Today [Oct 30] saw a volume of 3,000 shares trade on the Bermuda Stock Exchange, valued at $13,500.00 BD. 1,000 shares were traded by Ascendant Group Limited, closing even at $6.00 per share, while the other 2,000 shares were traded by KeyTech Ltd, closing down 6.3% at $3.75 per share. The BSX closed at 1,378.70, down 0.22% on the day. There were 0... Read more of this article


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