Category: Business
Paradise Scents Store To Shift Focus Online
After nearly a decade in business, Paradise Scents will close its doors at the end of May 2024, transitioning to an online store on Hook.bm. A spokesperson said, “After opening their doors in 2015, Paradise Scents will be closing their doors at the end of May 2024.” The owner/operator, Kim Smith is stepping back to be able to prioritize... Read more of this article
BDA To Host Bermuda Reception In Texas
The Bermuda Business Development Agency [BDA] will host its second Bermuda Reception at Consensus in Austin, Texas. A spokesperson said, “The Bermuda Business Development Agency [BDA] will hold its second Bermuda Reception at Consensus, the world’s largest gathering of digital asset, blockchain and Web3 enthusiasts in Austin, Texas this week.” Kendaree... Read more of this article
AM Best Affirms A- Ratings For Athora
AM Best has affirmed the A- [Excellent] Financial Strength Rating and Long-Term Issuer Credit Ratings of Athora Life Re Ltd. and Athora Ireland plc, citing the group’s strong balance sheet, robust capitalisation, and solid operating performance. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent]... Read more of this article
BermudAir Launches Direct Flights To Halifax
BermudAir has commenced its new direct service between Halifax and Bermuda,starting with its inaugural flight on May 25th. A spokesperson said, “BermudAir, Bermuda’s flagship airline, has launched direct service between Halifax and Bermuda. BermudAir will provide non-stop air service between the destinations year-round, beginning with its inaugural... Read more of this article
Shipping Schedule: Week Starting May 25
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 25th. On Saturday the Liberty of the Seas cruise ship is expected, on Sunday the Norwegian Gem cruise ship and the Oleander container ship will arrive, and on Monday the USCGC Rollin Fritch sentinel-class cutter and... Read more of this article
Retail Sales Decreased 2.3% In December 2023
After adjusting for the retail sales rate of inflation – measured at 2.3% in December – the overall volume of retail sales index decreased 2.3% when compared to December 2022, according to the recently released Retail Sales Index. A Government spokesperson said, “The Ministry of Economy and Labour released the December 2023 Retail Sales... Read more of this article
Bermuda Stock Exchange Report: May 23 2024
May 23 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,510.47, even on the day. There were 0 advances, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 19 2024 Bermuda Stock... Read more of this article
December Consumer Price Index: Inflation 2.4%
The Ministry of Economy and Labour released the December 2023 CPI from the Department of Statistics today. A Government spokesperson said, “In summary, consumers paid 2.4 per cent more in December 2023 than a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. This level of inflation declined 0.7 percentage... Read more of this article
Bermuda Stock Exchange Report: May 22 2024
May 22 saw 125 shares trade on the Bermuda Stock Exchange, valued at $4,375.00 BD. 125 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $35.00 per share. The BSX finished at 2,510.47, 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... Read more of this article
35 Students Begins Employment Programme
The 2024 Youth Employment Programme began with the first cohort of 35 students participating in a full-day orientation session. Minister of Economy and Labour Jason Hayward said, “I’m happy to share that the 2024 Youth Employment Programme recently began with the first cohort of 35 students participating in a full-day orientation session. “These... Read more of this article
InCare By People’s At Hamilton Medical Center
The management and staff of the People’s Group said they are proud to announce the opening of InCare by People’s, saying that “this full-service dispensary will be located on the ground floor of the Hamilton Medical Center [HMC].” Tamara Richardson, the People’s Group CEO shared “We believe in the importance of HMC to healthcare... Read more of this article
PartnerRe Dividend On Preferred Shares
PartnerRe Ltd. announced a dividend of $0.3046875 per Series J preferred share for March 15 to June 14, payable on June 17, 2024, to shareholders of record as of May 31, 2024. A spokesperson said, “PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2024 – June 14, 2024 of $0.3046875 per share... Read more of this article
Bermuda Stock Exchange Report: May 21 2024
May 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,510.47, 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
Khan Appointed Executive Director Of WeSpeak
Suzanne Khan has been appointed the Executive Director of WeSpeak. A spokesperson said, “WeSpeak Bermuda is thrilled to announce the appointment of Suzanne Khan as its first Executive Director. Khan is a seasoned professional who brings a wealth of expertise and passion to the role. She is poised to lead WeSpeak Bermuda into its next chapter,... Read more of this article
MarketPlace Announces Bermuda Day Hours
The MarketPlace announced that their stores will have regular hours from May 20 to May 23, be closed on May 24 for Bermuda Day, and resume regular hours on May 25 and 26. A spokesperson said, “From Monday, May 20 to Thursday, May 23, The MarketPlace stores will operate during their regular hours, while on Friday, May 24, all stores will be closed... Read more of this article
Bermuda Stock Exchange Report: May 20 2024
May 20 saw 5,974 shares trade on the Bermuda Stock Exchange, valued at $31,062.06 BD. 41 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $35.00 per share, while another 2,834 shares were traded by Argus Group Holdings Ltd, closing even at $6.16 per share. 136 shares were traded by BF&M Ltd, closing at an even $23.01 per share,... Read more of this article
