Author Archive: Bernews1

BSX Approves Waterloo Investment Listing

The Listing Committee of the Bermuda Stock Exchange [BSX] announced the approval for listing of the 100,007,864 ordinary shares of US$1.00 par value each of Waterloo Investment Holdings Limited. Waterloo is incorporated in the British Virgin Islands as an International Business Company under the BVI Business Companies Act 2004. The Company is an investment... Read more of this article

Scotiabank Optimist Regatta Concludes

The 20th Scotiabank Optimist regatta in St Thomas, USVI regatta finished on Sunday [June 24] after three fantastic days of racing with three races sailed in 12-15 knot winds. A record 96 sailors competed in the Advanced Red, Blue and White Fleets. The Advanced Fleets completed 11 races total in three days of competition. Sailors hailed from 16 nations.... Read more of this article

HSBC & BEDC Host “Knowing Your Numbers”

HSBC Bermuda and the Bermuda Economic Development Corporation [BEDC] hosted the second in their joint series of business seminars aimed at small businesses on the island. Entitled “Knowing your Numbers”, the two hour seminar held at HSBC Bermuda’s Harbourview Centre focused on getting to grips with business financials. Guest Speakers from financial... Read more of this article

$1.4 Million Drug Charge: Man Jailed For 8 Years

[Updated with photo] 46-year-old Shannon Forth was sentenced to eight years in prison this afternoon [June 25] after admitting importing over $1.4 million worth of heroin. The drugs were discovered on 6th December 2011 at the LF Wade Airport when Mr Forth, a Bermuda resident, arrived on a flight from Canada. In April of this year Mr Forth pleaded guilty... Read more of this article

Four People Injured In Golf Cart Accident

[Updated] At around 12pm today [June 25] there was an accident involving a golf cart at the Rosewood Tucker’s Point Resort in which we understand three people were injured and taken to hospital. A police spokesperson said, “Around 12 noon on Monday, June 25th police and first responders attended a reported incident at an east end guest... Read more of this article

KeyTech Profits Increase To $7.2 Million

KeyTech Limited released a preliminary announcement of results for the financial year ended 31 March, 2012, having concluded fiscal year 2011/12 with a profit for the year of $7.2 million versus $6.6 million for the prior year. The full statement follows below: In a filing to the Bermuda Stock Exchange (BSX), KeyTech Limited (Ticker: KEY.BH) released... Read more of this article

Argus Group Reports $1.7 Million Net Profit

Argus Group Holdings Limited earned a net profit of $1.7 million for the year ended March 31, 2012, compared to a net loss of $6.1 million in the prior year. Argus CEO Alison Hill [pictured] comments: “It is our belief that this result, although modest, represents a significant milestone marking the end of challenging legacy issues in the investment... Read more of this article

Police Identify Murder Victim: Joshua Robinson

[Updated] The Bermuda Police Service officially identified the 31-year-old man who was murdered on Saturday as Joshua Robinson. The police held a press conference this afternoon [June 25] with Superintendent Antoine Daniels and Detective Chief Inspector Nicholas Pedro addressing the media. The police confirmed that one man was arrested in connection... Read more of this article

Bermuda Swimmers Win 5 More Medals In Aruba

Ashley Yearwood, Rebecca Heyliger, Lisa Blackburn, Stephanie Myles and Julian Fletcher all won medals yesterday [June 24] at the Caribbean Island Swimming Championships [CISC] being held in Aruba. Both Lisa Blackburn and Julian Fletcher won gold medals, with Fletcher setting a new CISC record, the third CISC record broken by a Bermudian swimmer at these... Read more of this article

23-Foot Boat Runs Aground On Reid Island

On Saturday night [June 23] a 23-foot pleasure craft ran aground on Reid Island, to the west of Hamilton Harbour. The boat remained in position until it was removed early this morning. A Bermuda Maritime Operations Centre spokesperson said it was an accidental grounding, with no reported injuries on board. The boat was removed early this morning... Read more of this article

Tropical Storm Debby Not A Threat To Bermuda

The island looks set to have another bout of inclement weather, with the Bermuda Weather Service [BWS] issuing a Thunderstorm Advisory for this afternoon [June 25] through tonight and warning off possible gale force winds later this week. The forecast says, “As a trough approaches from the southwest today, wind and showers will slowly increase,... Read more of this article

Sailboat Gets Stuck On Rocks In St George’s

Earlier today [June 25] a sailboat got temporarily stuck on the rocks in the St George’s area, just off the East End Mini Yacht Club. The crew tied a rope to the boat, and between the waves and the fact high tide was approaching the sailboat worked its way free. A Bermuda Maritime Operations spokesperson said it appears they drifted on to... Read more of this article