Category: Business
Cornerstone Acquires Controlling Interest In CGL
Clarien Bank Limited announced that, pending regulatory approvals, Cornerstone Financial Holdings Ltd or its nominee, will acquire a controlling interest in Clarien Group Limited [CGL]. A spokesperson said, “Clarien Bank Limited [the Bank /Clarien], a leading financial institution on the Island, is pleased to announce that, pending regulatory approvals,... Read more of this article
iEPC Partners With Masterworks On Project
Engineering company iEPC Limited will donate their time in a partnership with the Masterworks Foundation to assist in the renovation of the former Parks Department Headquarters that will become Bermuda’s first Art & Design Centre. A spokesperson said, “In February the Minister of Public Works, Lt. Col. the Hon. David Burch OBE [Mil] ED, JP,... Read more of this article
Protecting Seniors Against Financial Abuse
The Bermuda Bankers Association announced support for World Elder Abuse Awareness Day on June 15, highlighting the need to recognize and prevent financial abuse, especially among older adults. A spokesperson said, “The Bermuda Bankers Association supports World Elder Abuse Awareness Day, which takes place each year on June 15th. This is an opportunity... Read more of this article
Bermuda Stock Exchange Report: June 13 2024
June 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 19 2024 Bermuda Stock Exchange Report: July 18 2024 Bermuda Stock Exchange Report:... Read more of this article
Mosaic Insurance Welcomes 5 University Interns
Mosaic Insurance welcomed five university students to its offices in Bermuda, London, New York, and Chicago for its fourth summer internship program. A spokesperson said, “Mosaic Insurance has welcomed five university students to its offices in Bermuda, London, New York and Chicago, as the specialty insurer kicks off its fourth summer internship... Read more of this article
Appleby To Sponsor, Speak At Trusts Conference
Appleby Bermuda are a Silver sponsor of the Transcontinental Trusts Bermuda 2024 conference taking place 19 – 21 June at Hamilton Princess & Beach Club. A spokesperson said, “Now celebrating its 10th year, the three-day trusts conference attracts over 200 delegates from around the globe, and features 60+ speakers. The conference provides an... Read more of this article
Bermuda Stock Exchange Report: June 12 2024
June 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 19 2024 Bermuda Stock Exchange Report: July 18 2024 Bermuda Stock Exchange Report:... Read more of this article
BermudAir Increasing Service To Halifax
BermudAir announced that they are increasing flights on its recently launched service between Bermuda and Halifax to twice a week; the airline is adding a flight on Wednesdays to its schedule starting on July 10th 2024, along with flights on Saturdays. “We’re delighted to be increasing our Halifax flights after launching service in May,” said... Read more of this article
Inaugural Mary Prince Women’s Conference Held
The inaugural Mary Prince Women’s Entrepreneurial and Leadership Conference, held over two days, concluded with “resounding success, inspiring and empowering Bermuda’s women entrepreneurs and business leaders.” A Government spokesperson said, “The conference was led by world-renowned African entrepreneur, global culture... Read more of this article
Butterfield Offering Free Financial Class
Butterfield is offering a free money management and financial literacy class next month for full-time college and university students between the ages of 18 and 30. A spokesperson said, “The Butterfield 101 Money Management Programme will be held on Thursday, 18 July, from 5:30pm at Butterfield’s Head Office on Front Street. Retail banking professionals... Read more of this article
Bermuda Stock Exchange Report: June 11 2024
June 11 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,401.96, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 19 2024 Bermuda Stock Exchange Report: July 18 2024 Bermuda Stock Exchange Report:... Read more of this article
BELCO & Union On Efficiencies & Redundancies
BELCO confirmed it has “commenced a restructuring initiative to drive increased efficiencies across the organisation,” and the Electricity Supply Trade Union said “we firmly believe that there are alternative solutions that can be explored before resorting to redundancies.” BELCO Statement A spokesperson said, “Bermuda... Read more of this article
Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article
MarketPlace National Heroes Day Holiday Hours
The MarketPlace has provided information about their opening hours during the National Heroes Day holiday — which will take place on Monday, June 17 — with their graphic stating that their Shelly Bay, Heron Bay, Modern Mart, and Pricerite Warwick stores will be open from 8.00am to 6.00pm. Related Stories BSX Closed For National Heroes Day Holiday BSX... Read more of this article
Bermuda Stock Exchange Report: June 10 2024
June 10 saw 3,720 shares trade on the Bermuda Stock Exchange, valued at $122,643.00 BD. 3,707 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.9% at $33.00 per share, while another 13 shares were traded by BF&M Ltd, closing at an even $23.00 per share. The BSX finished at 2,401.96, down 2.18% on the day. There were 0 advances,... Read more of this article
BF&M: No Share Repurchases In May 2024
BF&M Limited announced that there were no share repurchases in May 2024. In a filing with the BSX, the company said, “The Company announces that pursuant to Regulation 6.44 of the BSX Listing Regulations that the Company made no share repurchases for the month ending May 2024.” Related Stories BF&M Prepare 300 Packages, Donate... Read more of this article
