RSSCategory: Business

Bermuda Stock Exchange Report: Feb 26 2015

Bermuda Stock Exchange Report: Feb 26 2015

Today [Feb 26] saw a volume of 11,400 shares trade on the Bermuda Stock Exchange, valued at $101,028.00 BD. 5,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $2.00 per share, while another 4,200 shares were traded by Somers Limited, closing up 1.7% at $14.49 per share. BF&M Ltd traded 1,500 shares, closing even at $17.50... Read more of this article

Link Bermuda Stablizes Network After Issue

Link Bermuda Stablizes Network After Issue

Link Bermuda today apologized [Feb 26] for any inconvenience caused to customers that experienced call drop-outs and busy signals on outgoing long distance and roaming calls over the last few days. A spokesperson said, “The intermittent faults were traced to transmission issues with an overseas service partner’s network and this had an impact... Read more of this article

Butterfield Bank 2014 Core Earnings: $106.4M

Butterfield Bank 2014 Core Earnings: $106.4M

The Bank of N.T. Butterfield & Son Limited today [Feb 26] announced core earnings for 2014 of $106.4 million, an improvement of $29.8 million over the $76.6 million earned in 2013. The core cash return on average tangible common equity improved to 15.1% in 2014, compared to 10.3% in 2013. Reported net income for the year ended 31 December 2014... Read more of this article

Bermuda Business Register To Offer Benefits

Bermuda Business Register To Offer Benefits

[Updated with video] Minister of Home Affairs Michael Fahy and the Bermuda Economic Development Corporation today [Feb 26] officially launched the Business Register, which contains over 5,000 business listings, and will be made available to the public. Minister Fahy said, “The BEDC is mandated under the BEDC Act 1980 to maintain a Register of... Read more of this article

EFG International Repositions Office In Bermuda

EFG International Repositions Office In Bermuda

FG International has repositioned its office in Hamilton, Bermuda as EFG Wealth Management [Bermuda] Ltd, and the office will be administered by Keri Wong, and Greg Soares has been recruited as the first Client Relationship Officer. The company said, “EFG Wealth Management [Bermuda] Ltd will serve a range of sophisticated investors and institutions,... Read more of this article

Appleby: Bermuda Tops Deal Value In 2014 Q4

Appleby: Bermuda Tops Deal Value In 2014 Q4

With more than USD20bn in M&A deals and IPOs announced in the fourth quarter of 2014, Bermuda saw a higher cumulative deal value than any other offshore jurisdiction, according to a report released today [Feb 26] by Appleby. The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition and IPO activity... Read more of this article

Everest Re Group Declares $0.95 Dividend

Everest Re Group Declares $0.95 Dividend

Bermuda-based Everest Re Group, Ltd. declared a dividend of $0.95 per share payable on or before March 25, 2015 to all shareholders of record as of March 11, 2015. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in... Read more of this article

“Clifton” Listed For Rent At $15,000 Per Month

“Clifton” Listed For Rent At $15,000 Per Month

Clifton — which is the Premier’s “official residence” — is listed for rent on the Coldwell banker website, with the monthly rent for the 5 bedroom, 3 bath property set at $15,000, with the listing saying the residence will be available in April. Screenshot of the rental listing:The rental listing described the Devonshire... Read more of this article

Bermuda Stock Exchange Report: Feb 25 2015

Bermuda Stock Exchange Report: Feb 25 2015

Today [Feb 25] saw a volume of 38,800 shares trade on the Bermuda Stock Exchange, valued at $99,350.00 BD. 37,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $2.00 per share, while the other 1,800 shares were traded by Somers Limited, closing at an even $14.25 per share. The BSX closed at 1,373.49, also even on the day. There... Read more of this article

Somers Limited Announces Financial Results

Somers Limited Announces Financial Results

Somers Limited, a financial services investment holding company, announces its results for the quarter ended December 31, 2014. Commenting on the financial results, Warren McLeland, Chairman of Somers said, “Somers recorded a profit of $1.2 million for the quarter with dividend income and net valuation gains from the investment portfolio offsetting... Read more of this article


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