Author Archive: Bernews1

Butterfield Bank March Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of March, 2014, the Bank purchased for Treasury 1,657,707 Common Shares at an average price of $1.982 per share. In addition, in March, the Bank did not purchase any 8% Preference Shares for cancellation. Related Stories Butterfield... Read more of this article

Somers Limited March Share Repurchases

Somers Limited — a Bermuda exempted financial services investment holding company — announced that during the month of March 2014, Somers purchased 495 of its own common shares at an average cost of $12.00 per share. The Shares will be cancelled with immediate effect. Somers Limited, formerly known as Bermuda National Limited, is a listed... Read more of this article

Video: Bermuda “Happy” Video Makes Oprah!

[Updated] A glimpse of the Bermuda version of the Pharrell Williams’ “Happy” video was shown on OWN, the television network owned by superstar Oprah Winfrey. During an interview with Pharrell William on Oprah Prime last night [Apr 13] they played a montage of fan-created YouTube videos adapted from his hit song “Happy,”... Read more of this article

35 Year Old Hospitalised After Industrial Accident

At sometime around 1pm today [Apr 14] there was an industrial accident at the KEMH construction site, which resulted in a man being taken to hospital where he is presently listed in stable condition. A Bermuda Hospitals Board spokesperson said, “BHB can confirm that there was an industrial accident on the site of the new Acute Care Wing today... Read more of this article

Gordon Asks Jamaica For Ganja Oil Shipment

Medical ganja activist Alan Gordon — in an open letter to Jamaica’s Health Minister copied to The Jamaica Gleaner — asked for a permit to export enough medical ganja oil extract that he said would help over 300 Bermuda cancer patients to have 18,000 large doses over a 2-3 month period. Mr. Gordon says that Bermuda’s Cabinet has previously... Read more of this article

BCB Girls Cricket & Netball Prize Presentation

The Bermuda Cricket Board [BCB] Girls Cricket and Netball Camp, supported by Ironshore and the Department of Youth, Sport and Recreation, concluded on Friday 11 April with a prize presentation to recognise the girls development over the week. Ceri Riihiluoma from Ironshore presented the prizes and medals. President of BCB, Mr. Lloyd Fray said: “The... Read more of this article

BELCO’s Net Income Drops $7.6 Million In 2013

BELCO’s net income fell $7.6 million to $5.6 million for 2013, as compared to 2012 net income results of $13.2 million, which the company attributed to “the contraction of the Island’s economy.” These numbers were revealed when Ascendant Group Limited reported consolidated earnings for the year ended December 31, 2013. Their earnings... Read more of this article

Man Denies Dangerous Driving, Resisting Arrest

In Magistrates Court this morning [Apr 14], Mishael Paynter pleaded not guilty to driving dangerously, driving whilst impaired, refusing to take the alco-analyzer test, violently resisting arrest, and riding without a helmet. All five charges arose out an alleged Police intervention in Hamilton earlier this morning. On these matters, Senior Magistrate... Read more of this article

Advisory: Please Don’t Fly Kites In Airport Area

With the approach of the Good Friday and Easter Holiday weekend, the Department of Airport Operations said they would like to remind members of the public that kite flying and the launching of Chinese Lanterns is forbidden around the L.F Wade International Airport and Clearwater Beach areas. “Flying kites and launching lanterns in the vicinity... Read more of this article

Gibbons Company To Sell Gap Clothing Brand

Gibbons Company today announced that it will begin selling Gap, the iconic international brand, within its department store in Bermuda. The Gap Summer 2014 collections will be available at the Gibbons Company department store starting on May 16th, 2014. The three areas in the store dedicated to featuring Gap collections will be Women’s, Men’s and... Read more of this article

UK Plan New Penalties For Offshore Tax Evasion

The UK government plan to introduce new rules which will make it easier to prosecute individuals who hide their money offshore. According to the official UK Government website, under the plans announced by the Chancellor, HM Revenue & Customs [HMRC] would no longer need to prove that individuals who have undeclared income offshore intended to evade... Read more of this article

Delta Moves Bermuda Flight To JFK Terminal 4

Delta Air Lines announced the relocation of its daily services between New York and Bermuda to New York’s JFK International Airport, starting on May 2, 2014. Customers traveling on these routes will experience the renewed facilities at JFK-Terminal 4. Delta said, “The Terminal 4 at JFK International Airport, opened on May 24, 2013, as part... Read more of this article