Archive for February, 2014
Marion-Bermuda Race To Celebrate 20th Run
The Marion-Bermuda Cruising Yacht Race, first run in 1977, is getting set to celebrate its 20th iteration in 2015, with more than 100 vessels expected to take part in the action. According to MarionBermuda.com, “The first Marion-Bermuda Cruising Yacht Race in 1977 saw 104 starters cross the line. “The going was slow in light southwesterly... Read more of this article
XL Group Increase Share Buyback Program
XL Group plc increased the Company’s share buyback program, authorizing the Company to buy back up to $1 billion of its ordinary shares. This includes approximately $200 million of ordinary shares that remained available for purchase under the program. The Company expects the purchases to be made from time to time in the open market or in privately... Read more of this article
Bermuda Stock Exchange Report: Feb 25 2014
Today [Feb 25] saw a volume of 7,529 shares trade on the Bermuda Stock Exchange, valued at $48,195.20 BD. 82 shares were traded by Bank of N.T. Butterfield Ltd, which closed at $1.74, even on the day. An additional 4,500 shares were traded by Argus Group Holdings Ltd, which closed at $4.01 per share, down 7.8% on the day. The final 2,947 shares were... Read more of this article
Man Jailed Two Years For Drug Possession
Twenty two year old Maxwell Hayward appeared in Magistrates Court today [Feb 25] and was sent to prison for two years after pleading guilty and being convicted of possessing 31 twists containing 16.55 grams of cannabis and 40 twists containing 65.49 grams of cocaine freebase with all intended for supply. The Crown Prosecutor told Senior Magistrate Archie... Read more of this article
Facebook Predator Convicted/Jailed 18 Months
Christopher Corday, now 22, was convicted in Magistrates Court today [Feb 25] of using Facebook and intruding on the privacy of three young girls and attempting to lure them into sexual activity with himself. The five offences on which he was convicted occurred between May 2012 and August 2013. The three girls were aged between 12 and 14. Corday used... Read more of this article
Weather Forecast For Wednesday February 26
[Updated] Wednesday, February 26 is expected to be sunny and windy, with the high to be near 20°C/68°F and the low to be near 20°C/68°F, according to the Weather Underground. Winds are expected to be from the south at 25 to 40 km/h. The relative humidity is expected to be near 73%. Sunrise will be at 6.49am and sunset will be at 6.13pm. High tide... Read more of this article
ABIC Responds To 2014 Budget Statement
After a review of Friday’s Budget Statement, ABIC supports the Government’s commitment to a two track policy of growing the economy while taking actions to control and reduce government spending. ABIC Chairman George Hutchings stated, “ABIC supports the actions already taken and those promised to further develop a business friendly environment,... Read more of this article
Butterfield Bank Reports 2013 Full Year Results
The Bank of N.T. Butterfield & Son Limited today [Feb 25] announced core earnings for 2013 of $76.6 million, an improvement of $21.7 million over the $54.9 million earned in 2012. Net income for the year ended 31 December 2013 was $78.2 million [$0.11 per share on a fully diluted basis] compared to $25.6 million [$0.01 per share on a fully diluted... Read more of this article
Personal Finance Guru Orman To Visit Bermuda
One of America’s popular personal finance experts, Suze Orman [pictured left], is set to take the stage in Bermuda. The two-time Emmy Award-winning television host, New York Times bestselling author, and magazine and online columnist is being brought to Bermuda by Colonial Pension Services Ltd, a member of the Colonial Group International. “Like... Read more of this article
BPWA To Host Annual Candle Lighting Ceremony
On Saturday, 8 March 2014, the Business and Professional Women’s Association of Bermuda [BPWA] will host their annual candle lighting ceremony in celebration of International Women’s Day at The Riddle’s Bay Golf Club from 6.30pm onwards. This event is an annual event which BPWA holds in recognition of their sister member clubs around the world.... Read more of this article
DNDC To Host Medical Marijuana Seminar
The Department for National Drug Control [DNDC] will host a special seminar for medical doctors and general practitioners on Thursday [Feb 27] from 3.30pm to 6.30pm in the First Floor Conference Room at the King Edward VII Memorial Hospital. The seminar will be conducted by Dr. Andrea Barthwell whose presentation title is Scientific Developments: The... Read more of this article
BHF Weekend Men & Women Hockey Results
This past weekend saw two matches played in the Bermuda Hockey Federation, with both the women’s B and men’s leagues in action. Women’s Bluebirds vs Canaries [Feb 23] – Final Score: 4-0 to Bluebirds Both teams played with great sportsmanship as this game commenced with strong passing up and down the pitch, but the Bluebirds got... Read more of this article
