Archive for December 21st, 2011
‘Outperform’ Rating For Energy XXI
Bermuda’s Energy XXI was upgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “outperform” rating in a research note issued to investors today [Dec. 21]. Energy XXI is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast... Read more of this article
City’s Holiday Trash Schedule
The City of Hamilton has issued an advisory to Hamilton retailers and restaurant managers about garbage collection in the city over the Christmas and New Year’s holiday. A City spokesman urged retailers and restaurant managers to adhere to collection times and ensure their garbage is placed out appropriately. December 24 – no collection after... Read more of this article
Shield & Friendship Semi-Final Draw
The Bermuda Football Association [BFA] held the Semi-Final draws for the Shield and Friendship Cup competitions at their office yesterday [Dec.20] Chairman of BFA Competitions Shannon Burgess announced the matches will be played Monday December 26th at the Southampton Oval, and Tuesday December 27th at the Wellington Oval. Monday December 26th at Southampton... Read more of this article
S&P Lowers Ship Finance Outlook
Standard & Poors today [Dec.21] lowered its outlook for Bermuda’s Ship Finance International Ltd. after the Hamilton company agreed to amend its long-term chartering agreements with locally-based oil tanker operator Frontline Ltd. S&P said the move will reduce income from Frontline as of 2012, in exchange for a one-time $106 million cash... Read more of this article
TMX Group Acquires 16% Of BSX
TMX Group has purchased a 16% minority stake in the Bermuda Stock Exchange [BSX]. TMX Group is now one of the largest shareholders of the BSX, and Tom Kloet, CEO, TMX Group, will be joining the BSX board of directors. To celebrate, BSX President and CEO Greg Wojciechowski will join Mr. Kloet to open trading on Toronto Stock Exchange this morning [Dec.21]... Read more of this article
Vince Ingham to Retire In December
Ascendant Group Limited announced that Senator A.L. Vincent Ingham, President and Chief Executive Officer, will now retire on 31 December, 2011 – after initially planning to retire on 31 March, 2012. Ascendant Group Limited is the parent Company of operating companies BELCO, Bermuda Gas & Utility Company Limited, PureNERGY, Media Release Renewables... Read more of this article
‘Regrettable’ British American Letter
The provisional liquidator of the Bermuda branch of British American Insurance Company Ltd. [BAICL] yesterday [Dec.20] criticised the anonymous writer of an eight-page letter circulating among policyholders of the failed insurer. Stephen Lowe said the document — released as policyholders this week received 35 percent of agreed claims from BAICL... Read more of this article
Tourism Plan To Cost $182,365
“Despite the notion that the Plan would cost a million dollars to produce, this chosen company will produce the Plan for $182,365.00,” said Minister of Business Development and Tourism Wayne Furbert at a press conference yesterday [Dec.20]. Mr Furbert announced that the service provider for developing the National Tourism Plan is Travel... Read more of this article
Coast Guard Search For Overdue Sailor
The U.S. Coast Guard is searching the Atlantic Ocean approximately 300 miles northeast of Bermuda for a sailor after he was reported overdue on Monday [Dec.19]. Sergei Morozov is aboard the vessel Hikari, a Canadian registered, 35-foot sloop sailing vessel with a white hull. Mr Morozov’s daughter notified the Coast Guard via e-mail after she had... Read more of this article
Athene: ‘Model’s Underlying Strength’
A US subsidiary of Bermuda’s Athene Holding Ltd., Liberty Life Insurance Company today [Dec. 21] announced it had reinsured $3.1 billion of fixed annuities and similar liabilities. With the completion of this transaction, Liberty Life will have assets in excess of $7 billion. On a consolidated basis, Athene Holding Ltd., Liberty Life’s... Read more of this article
Videos: BTFA Awards Banquet
On Sunday evening [Dec.18] the Bermuda Track & Field Association [BTFA] held their Awards Banquet at the Fairmont Hamilton Princess. Olympians Tyrone Smith and Arantxa King both spoke at the gala dinner, and Ms King was named the Open Female Athlete of the Year, while Mr. Smith took the honours in the Open Male Division. In the Under 17 Age Group... Read more of this article
Phillips Eurobasket’s Player of the Week
Bermuda’s Sullivan Phillips has been named the Eurobasket.com “Player of the Week” for round 21. The 32-year-old professional basketball player is coming off his latest game which saw him lead his Slovakian team in scoring, assists and steals as they beat Nova Ves 92-87. “Phillips turned to be Prievidza’s top player in... Read more of this article
