Category: Business
Bermuda Stock Exchange Report: June 19 2024
June 19 saw 3,100 shares trade on the Bermuda Stock Exchange, valued at $18,730.00 BD. 3,000 shares were traded by Argus Group Holdings Ltd, closing down 10.6% at $5.51 per share, while the other 100 shares were traded by BF&M Ltd, closing down 4.3% at $22.00 per share. The BSX finished at 2,377.34, down 1.03% on the day. There were 0 advances,... Read more of this article
Actuaries Of Bermuda Celebrates Official Launch
The Actuaries of Bermuda [AOB] has officially launched, marking a significant milestone for the island’s actuarial community. A spokesperson said, “On Tuesday, June 11th, over 85 of Bermuda’s actuarial professionals gathered to celebrate the establishment of this vibrant new association. The event successfully raised awareness about AOB, boosting... Read more of this article
ICM Renews Olympic Association Sponsorship
The Bermuda Olympic Association and ICM Limited celebrated the renewal of their sponsorship, extending their partnership for another four years. A spokesperson said, “Bermuda Olympic Association President Peter Dunne and Branwen Smith-King welcomed ICM Limited’s [ICM] continued support at a luncheon at the Royal Bermuda Yacht Club today.” “ICM... Read more of this article
Bermuda Stock Exchange Report: June 18 2024
June 18 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
EVolution To Host Family Day & Giveaway
EVolution Motors will host its first Family Day on Saturday, June 22nd, and attendees can enjoy complimentary snacks and refreshments and be entered into a giveaway, which offers a grand prize of Horwin EK3 electric scooter, valued at $4,700. A spokesperson said, “EVolution Motors, Bermuda’s only exclusively electric car dealer, has announced... Read more of this article
ABIR Members To Host 108 Paid Summer Interns
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] are hosting a record number of 108 paid interns this summer, opening valuable work experience opportunities for Bermudian students. A spokesperson said,”ABIR kicked off the summer internship programme by hosting a reception at O’Hara House, attended by David Burt,... Read more of this article
Shipping Schedule: Week Starting June 15
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 15th. On Saturday the Vision of the Seas cruise ship is expected, on Sunday the Star Zulu bulk carrier, the Norwegian Gem cruise ship and the Oleander container ship will arrive, and on Monday the Liberty of the... Read more of this article
BSX Closed For National Heroes Day Holiday
The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on Monday, June 17 in observance of the Bermuda National Heroes Day Public Holiday. A spokesperson said, “The BSX will re-open on Tuesday, 18 June 2024.” Related Stories BSX Closed For National Heroes Day Holiday BSX Closed For National Heroes Day Holiday BSX Closed For... Read more of this article
Bermuda Stock Exchange Report: June 14 2024
June 14 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], 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
Freisenbruch Insurance Wins Blood Drive
Freisenbruch Insurance Services has been named the 2024 champion of Bermuda’s Corporate Blood Drive, securing their third win in the annual competition. A spokesperson said, “It’s World Blood Donor Day today and the Bermuda Blood Donor Centre is excited to announce that Freisenbruch Insurance Services Ltd has been crowned as Corporate... Read more of this article
Polaris Holding ‘Maintains Conservative Dividend’
Polaris Holding Company Ltd. will “maintain its conservative dividend payout for shareholders by keeping the 1st Quarter 2025 dividend at five cents per share. A spokesperson said, “As a result of substantial payments to purchase heavy equipment at Stevedoring Services Limited [SSL] over the coming months, along with the ongoing maintenance... Read more of this article
Hands On Therapy Launch Telehealth Services
Hands On Therapy, a provider of physiotherapy services, announced the launch of its new telehealth services, noting that this “will allow patients to receive high-quality physiotherapy care and consultation from anywhere.” A spokesperson said, “In response to the growing demand for accessible and convenient healthcare options, Hands... Read more of this article
PwC Report: AI Sectors Achieve 5x Productivity
Sectors more exposed to AI are experiencing almost five times [4.8x] higher growth in labour productivity, according to PwC’s inaugural 2024 Global AI Jobs Barometer. A spokesperson said, “The report, which analysed over half a billion job ads from 15 countries, suggests that AI could allow many nations to break out of persistent low productivity... Read more of this article
Minister Hayward Attending Events In Bahamas
The Minister of Economy and Labour, Jason Hayward, is attending the third Afri-Caribbean Trade and Investment Forum and the 31st Afreximbank Annual Meetings, a joint conference hosted by the African Export-Import Bank in Nassau, The Bahamas from June 12-14. A Government spokesperson said, “This is the first time that Afreximbank’s Annual Meetings... Read more of this article
AXA XL Celebrates Annual Global Day Of Giving
AXA XL’s annual Global Day of Giving involved over 4,000 colleagues globally — including in Bermuda — volunteering for 240 projects. A spokesperson said, “AXA XL recently held its annual Global Day of Giving as part of AXA’s Week for Good. During the Global Day of Giving more than 4,000 AXA XL colleagues around the world volunteered... Read more of this article
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
