Author Archive: Bernews1

Accident: Traffic Delays In Paget

[Updated] At approximately 12pm today [Dec.14] there was an accident on Middle Road in which it appears a car collided with a wall, and has resulted in the Police blocking the road. At approximately 12.55pm a police spokesperson said, “The motoring public is advised that the section of Middle Road in Paget between Manse Road and Cobbs Hill Road... Read more of this article

PLP: Tyrrell To Run In Devonshire East

[Updated with video] This afternoon [Dec.14] the Progressive Labour Party held a press conference and confirmed that former Senator and Bermuda Football Association president Neville Tyrrell will represent them in Constituency #11, Devonshire East at the next General Election. Devonshire East is presently held by the One Bermuda Alliance’s Bob... Read more of this article

Four Staff Leave Revelation Capital

Bermuda-based Revelation Capital Management Ltd., formerly Osmium Capital, has lost three members of its investment team and its head of marketing and investor relations. Hedge fund industry journal “Finalternatives” reports today [Dec. 14] that Richard Cox, Kingsley Minty, Daniel Perrin — all formerly on the investment team of the... Read more of this article

Smith & King To Speak At BTFA Banquet

The Bermuda Track & Field Association will be holding its bi-annual banquet this coming Sunday December 18th ay 6:30pm at the Fairmont Hamilton Princess, and Tyrone Smith and Arantxa King will be the guest speakers. BTFA President Donna Watson said, “With both of them living overseas we felt it would be a great idea for the people of Bermuda... Read more of this article

Mailboxes Boss: Open Letter To Premier

In an open letter to Premier Paula Cox, Mailboxes Unlimited president Steve Thomson is urging her to reconsider proposals which could lead to the introduction of a heavy new tariff on goods Bermudians import to the island using couriers. The Premier and Finance Minister recently said Government was considering introducing a 35 percent duty rate on... Read more of this article

Analysts Upgrade Bermuda’s Platinum

Bermuda’s Platinum Underwriters was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Dec.14]. Separately, analysts at Credit Suisse initiated coverage on shares of Platinum Underwriters in a research note to investors last... Read more of this article

Top Bermuda Lawyer Moving To Australia

Appleby announced that partner David Lines will be retiring from the Group at the end of September 2012 and will be moving to Australia with his family. Bermudian Mr. Lines said: “I am sad to be leaving Appleby, where I have enjoyed 14 successful years. “During this time I am pleased to have played a role in the growth of Appleby’s local and... Read more of this article

Swan: Act Now On Tourism Authority

St. George’s and UBP MP Kim Swan is calling on Government to act expeditiously on tourism, first starting with empowering the industry stakeholders and finally establishing a Tourism Authority. The Tourism Board’s report – which was released by Government earlier this month – said, “The continuity of our tourism strategy... Read more of this article

Blue Coast Delists From The BSX

The Bermuda Stock Exchange (BSX) announces the voluntary cancellation of listing, effective today, from the BSX, of the Blue Coast Ltd – Principal At-Risk Variable Note Program and A,B & C classes of Series 2008-1 Notes. The Issues voluntarily delisted, in good standing, from the BSX on 14 December, 2011, following the expiration of the programme. Related... Read more of this article

Bermuda Woman Fined For DUI In Canada

“It was an unusual case of drunk driving that saw a woman plead guilty to a different charge so she can get back in the country,” reported Canada’s Southshore.ca. “Fifty-nine-year-old Jean Ferrett and her husband live in Bermuda, but have homes in Chester and Halifax. They also have a son and grandchild living in the Truro... Read more of this article

CADA Urges Safety Over Holiday Season

CADA, encouraging responsible alcohol behavior, issued a statement encouraging safe driving over the holiday season. Executive Director Gillian Freelove-Jones read the statement during the Bermuda Police Service joint press conference last week, and the full statement follows below: CADA remains optimistic and believes that our joint messages are being... Read more of this article

Upcoming: Kwanzaa Storytime & Craft

This coming Saturday [Dec.17] the Youth Library will host the “Kwanzaa Storytime and Craft” from 2:00 – 3:30 p.m, for children aged 2 years and up. “Bring the whole family and learn about the seven basic values of African culture, or Nguzo Saba, which is Swahili for the Seven Principles. These values are the building blocks for... Read more of this article