Category: Business
Bermuda Gas Acquires Atlantic Gas Fixed Assets
Atlantic Gas has sold its fixed assets to Bermuda Gas. These assets include bulk LPG tanks, 100-LB residential cylinder tubes, and 17-LB BBQ composite cylinders that are installed at various residential and commercial locations. A spokesperson said, “The acquisition of these assets will mean that existing homeowner and/or commercial enterprises [such... Read more of this article
Bermudiana Resort Offers Condos For Sale
The Bermudiana Beach Resort has announced their condos are for sale “starting at $412,500 for a fully-furnished studio.” A spokesperson said, “Your perfect vacation home is within reach. Bermudiana Beach Resort is Bermuda’s first branded hotel condominium project, beautifully located on the island’s South Shore. “As more... Read more of this article
Bermuda Stock Exchange Report: May 18 2023
May 18 saw 100 shares trade on the Bermuda Stock Exchange, valued at $900.00 BD. 100 shares were traded by Bermuda Press [Holdings] Ltd, closing up 12.5% at $9.00 per share. The BSX finished at 2,125.12, up 0.07% on the day. There was 1 advance, 0 declines, and 65 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
May 21: Court Street Market Bermuda Day Edition
The merchants of Court Street will host their Court Street Market Bermuda Day Edition on Sunday [May 21] from 1.00pm to 6.00pm. One of the organizers, Mr. Gary Augustus, said that this is their first market for the 2023 season and it “will be around a Bermuda Day Theme with entertainment such as St. George’s and PHC Majorettes, Lady Tyson who... Read more of this article
Caleb Crockwell & Ivan Outerbridge Promoted
Security Associates [SA] announced the promotion of Caleb J. Crockwell to Training and Compliance Officer, while Ivan Outerbridge has been promoted to Lead Training & Compliance Officer. A spokesperson said, “The Security Training Center [STC] at SA, provides effective training for our Security Officers and Supervisor teams and we are very... Read more of this article
Newly Renovated Banking Centre To Reopen
On Monday, May 22, Butterfield will reopen the doors to their Front Street Banking Centre following a complete renovation. A spokesperson said, “As part of the transition, the Reid Street Banking Centre will close permanently, with all staff relocated to Front Street. “Butterfield’s Banking Centre at 65 Front Street, which first opened in 1923,... Read more of this article
Talcott Re To Sponsor Fundraising Event
Talcott Re has signed up as the key sponsor of the Vegas in the Vaults event, which will be held on May 20th at Agars Island to raise funds for the St. James Rectory Project in Sandys. A spokesperson said, “Habitat for Humanity has been fundraising to raise $600,000 towards the St. James Rectory Project in Somerset, which Habitat will transform... Read more of this article
Seven People Complete Training In London
Bacardi welcomed back the seven participants — Sahlay Govia, Kierra Lee, Sarzjae Minors, Kneiko Brimmer, Seth Somner, Dante Trott and Detre Virgil — of their ‘Shake Your Future’ programme, with the seven people undergoing weeks of training at the European Bartending School in London. A spokesperson said, “Bacardi Limited... Read more of this article
Gasoline Prices Expected To Remain Same
“The price at the pump for Gasoline as of Tuesday, May 16, 2023, is expected to remain at 234.1 cents/litre,” announced Premier and Minister of Finance David Burt. “This price is equal to the February 2022 level of 234.10 cents/litre, at which prices were capped for the last fourteen months while global prices soared.” Without the price cap... Read more of this article
LOM Financial Limited Releases 2022 Results
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced the financial results for the fiscal year ending 31 December 2022. In a letter to shareholders, the Company’s CEO stated: 2022 Financial Results LOM is pleased to report full year 2022 profits of $1,883,951 or $0.37 per share. This decrease from the profit declared... Read more of this article
Bermuda Stock Exchange Report: May 17 2023
May 17 saw 6,333 shares trade on the Bermuda Stock Exchange, valued at $130,209.20 BD. 265 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $28.00 per share, while another 5,268 shares were traded by BF&M Ltd, closing at an even $22.95 per share 800 shares were traded by Bermuda Aviation Services Ltd, closing down 9.5% at... Read more of this article
LOM Financial Announce $0.04 Dividend
In a filing with the Bermuda Stock Exchange, LOM Financial Limited announces a dividend. The full filing stated, “LOM Financial Limited at a meeting of the Board of Directors of the Company held on April 11th, 2023: The Board of Directors have decided to pay a dividend of $0.04 per share on May 31st, 2023 to the shareholders of record on May 25th,... Read more of this article
