Category: Business
Column: Pre-Budget Analysis Of Our Economy
[Opinion column written by Larry Burchall] With the national hysteria over the bad deal at the Airport now died down, it’s wise to re-focus on the real enemy of Debt and Bermuda’s weak economy. Laid out for laypersons, not professors or high-level business executives, what follows is a clear and honest analysis of Bermuda’s economy as it was... Read more of this article
Argo Group Declares $0.27 Quarterly Dividend
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has declared a quarterly cash dividend of $0.27 per share on the company’s common stock, an increase of $0.05 per share, or 22.7%, to the amount declared in previous quarters. The dividend will be paid on March 15,... Read more of this article
Somers Limited Announces Financial Results
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited a financial services investment holding company, announced its results for the quarter ended December 31, 2016. The filing stated: Somers Limited, a financial services investment holding company, is pleased to announce its results for the quarter ended December 31, 2016. Overview of the... Read more of this article
Bermuda Stock Exchange Report: Feb 21 2017
February 21 saw 52,000 shares trade on the Bermuda Stock Exchange, valued at $241,960.00 BD. 50,000 shares were traded by Argus Group Holdings Ltd, closing even at $4.55 per share, while another 2,000 shares were traded by Ascendant Group Limited, closing even at $7.15 per share. The BSX finished at 1,983.08, even on the day. There were 0 advances,... Read more of this article
WiRe To Host Salary Negotiation Info Session
Women in Reinsurance [WiRe] will host a salary negotiation seminar later this month to help industry professionals learn strategies and techniques to assist them in negotiating their compensation packages. The lunch time presentation will be led by Sylvia Jones, Director of Elevate Executive Selection, a local executive search and recruitment company. “The... Read more of this article
Butterfield Bank To Launch Secondary Offering
The Bank of Butterfield today announced that certain of its shareholders, including affiliates of The Carlyle Group, intend to offer 9,555,794 shares of Butterfield’s voting ordinary shares, par value $0.01 per share, in an underwritten public offering. “In addition, the Selling Shareholders intend to grant the underwriters a 30-day option... Read more of this article
BTA: Curate Special Offers For Visiting Athletes
The Bermuda Tourism Authority [BTA] is calling on tourism industry stakeholders to curate special offers that cater to young travellers visiting the island for sports training, particularly in the shoulder season. At a presentation to Hamilton Rotarians, the BTA’s Chief Product and Experiences Development Officer Pat Phillip-Fairn explained how the... Read more of this article
BTA’s Isley Named One Of Top 25 Minds in Travel
Bermuda Tourism Authority [BTA] Chief Sales and Marketing Officer Victoria Isley has been named one of the “Top 25 Extraordinary Minds” in the travel industry. Hospitality Sales and Marketing Association International [HSMAI] will honour Ms Isley and 24 other industry professionals from around the world at a ceremony in New York City tonight. Ms... Read more of this article
Jon Faulkner Renovating Gallery In Dockyard
For Jon Faulkner opening his new gallery is like going back to the future and starting all over again. Mr Faulkner is busy refurbishing his new space Jon Faulkner Gallery, at Dockyard, in time for the summer season and the America’s Cup. The gallery used to be called Bermuda Clayworks, which Mr Faulkner founded 20 years ago and which he left a decade... Read more of this article
Caroline Bay Development Still “On Schedule”
The team at Caroline Bay Marina at Morgan’s Point said that development of the new marina remains on schedule, and provided some updates on the work being done at the site. A spokesperson said, “The marina development team is working to provide a pleasant atmosphere at the marina and surrounding area. To achieve this, a beautification plan... Read more of this article
Skin Cremes & Soaps Feature Local Ingredients
Felica DeRoza, the owner and creator of Butterfli Natural Skin Cremes and Soaps, is enjoying success with her beauty products, which utilize local ingredients, with goat’s milk, aloe vera, and loquats among the natural local ingredients incorporated in the line. When asked how long she has been making and selling products, Ms. DeRoza told Bernews,... Read more of this article
Bermuda Stock Exchange Report: Feb 20 2017
February 20 saw 171,176 shares trade on the Bermuda Stock Exchange, valued at $1,356,901.75 BD. 130,000 shares were traded by Argus Group Holdings Ltd, closing down 4.2% at $4.55 per share, while another 36,176 shares were traded by BF&M Ltd, closing down 1.2% at $20.50 per share. 5,000 shares were traded by Polaris Holding Co. Ltd, closing up 17.3%... Read more of this article
