Hashtag: #BermudaBusiness

Somers: Change Of Director & Financial Results

Somers: Change Of Director & Financial Results

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, advised that Duncan Saville has retired from Somers Limited Board with effect from 6 February 2019. In a filing with the BSX, Somers Limited announced financial Results for the quarter ended December 31, 2018. The full filing stated: Somers... Read more of this article

Bermuda Stock Exchange Report: Feb 19 2019

Bermuda Stock Exchange Report: Feb 19 2019

February 19 saw 2,514 shares trade on the Bermuda Stock Exchange, valued at $9,865.00 BD. 2,500 shares were traded by Argus Group Holdings Ltd, closing even at $3.75 per share. The BSX finished at 2,194.43, down 0.02% on the day. There were 0 advances, 1 decline, and 56 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article

Butterfield Bank Report Q4 & Year End Results

Butterfield Bank Report Q4 & Year End Results

The Bank of Butterfield today announced financial results for the fourth quarter and year ended December 31, 2018. Net income for the year ended December 31, 2018 was $195.2 million or $3.50 per diluted common share, compared to $153.3 million, or $2.76 per diluted common share for the year ended December 31, 2017. Core net income for the year ended... Read more of this article

Kennedys Lawyers Top Ranked By Chambers

Kennedys Lawyers Top Ranked By Chambers

Two of Kennedys’ Bermuda partners have been ranked as being amongst the best in the jurisdiction, as its Dispute Resolution and Insurance teams continue to receive strong market recognition locally. Partners Mark Chudleigh and Alex Potts QC have both been recognised as Band 1 lawyers in the latest edition of Chambers Global, an international legal... Read more of this article

Bermuda Stock Exchange Report: Feb 18 2019

Bermuda Stock Exchange Report: Feb 18 2019

February 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,194.83, even on the day. There were 0 advances, 0 declines, and 57 remained unchanged. The full report for the day is available here [PDF]. Related StoriesBermuda Stock Exchange Report: Feb 20 2019 Bermuda Stock Exchange Report: Feb 19 2019 Bermuda Stock... Read more of this article

Bluck’s of Bermuda Store Closes After 175 Years

Bluck’s of Bermuda Store Closes After 175 Years

After 175 years of operation, the Bluck’s of Bermuda store has closed its doors, saying the “closure of Bluck’s is a sign of the times” as “business has decreased and the costs of doing business have increased.” A KPMG spokesperson said, “Michael Morrison and Charles Thresh, both of KPMG Advisory Limited, were appointed... Read more of this article

BLDC Seeking Vendors For Daniel’s Head Beach

BLDC Seeking Vendors For Daniel’s Head Beach

Bermuda Land Development Company Limited [BLDC] is inviting applications for vendors at Daniel’s Head Beach for the 2019 summer season. A spokesperson said, “BLDC is welcoming back vendors from last year and would like to offer new amenities for locals and visitors to enjoy whilst spending a day at the beach. “This year, Daniel’s Head... Read more of this article

Coinsquare Acquires Crypto Platform StellarX

Coinsquare Acquires Crypto Platform StellarX

Coinsquare — a cryptocurrency trading platform — announced it has acquired StellarX. “StellarX will be a wholly owned subsidiary of Coinsquare, based in Bermuda and will look to apply with the regulators there to become licensed to operate and scale its offering under Coinsquare’s compliance leadership,” the company said. “The... Read more of this article

FI Launching Automated-Hedging Platform

FI Launching Automated-Hedging Platform

Fundamental Interactions announced the launch of its proprietary automated-hedging platform designed to jumpstart liquidity within a new exchange. “It allows an automated market maker to refactor quote feeds from an active external exchange in order to supply continuous order liquidity to the internal market book. VL Financial Ltd, currently in... Read more of this article

Casino Gaming Commission Annual Report

Casino Gaming Commission Annual Report

The Bermuda Casino Gaming Commission is “temporarily economically dependent” upon the Government and received a $3.76 million grant, and the Government has “now advised the Commission to seek commercial funding going forward.” This was stated in the Bermuda Casino Gaming Commission Annual Report for the period spanning September... Read more of this article

Photos/Video: Castle Masters Community Event

Photos/Video: Castle Masters Community Event

[Updated with photos] In honour of its six month anniversary, Castle Masters is hosting their first community event today [Feb 16] at the Berkeley Gymnasium, offering a “mini-carnival atmosphere, complete with fun castles, slides, popcorn, cotton candy, food and drinks.” The 7-minute live video replay:Rohaan Simons, co-owner of Castle... Read more of this article

OBA: Govt Must Outline Economic Stimulus Plan

OBA: Govt Must Outline Economic Stimulus Plan

“Government must urgently outline its economic stimulus plan and explain how it will increase the resident population as Bermuda cannot afford more falls in the retail sales volume without jeopardizing Bermudians’ jobs,” Shadow Finance Minister Nick Kempe said. Senator Kempe said, “Earlier this week, we had Walton Brown telling us that... Read more of this article

Shipping Schedule: Week Starting February 16

Shipping Schedule: Week Starting February 16

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday February 16th.On Saturday the Aurora cruise ship is expected, on Monday the Oleander III container ship will arrive, and on Tuesday the Fortunato LPG tanker is scheduled to arrive. On Wednesday the Endeavor container ship... Read more of this article