Hashtag: #BermudaBusiness
One Communications Share Buyback Program
In a filing with the Bermuda Stock Exchange, One Communications announces their continued Share Buyback Programme. The full filing stated: “29 December 2017 – The Board of Directors of One Communications Ltd. [the “Company”] has authorized the repurchase of up to 2 million common shares of the Company through an open market programme. This... Read more of this article
Bermuda Stock Exchange Report: Dec 29 2017
December 29 saw 11,600 shares trade on the Bermuda Stock Exchange, valued at $36,670.00 BD. 9,400 shares were traded by One Communications Ltd, closing even at $3.00 per share, while another 2,200 shares were traded by Argus Group Holdings Ltd, closing down 2.5% at $3.85 per share. The BSX finished at 2,202.19, down 0.09% on the day. There were 0... Read more of this article
East End Group & Celeritas Acquire TBi
The East End Group [EEG] today [Dec 29] announced that it has partnered with Celeritas Limited to acquire TeleBermuda International Limited [TBi], a Bermuda based provider of high-quality voice, internet and managed IT services. “Bermudian-owned EEG is the proprietor of East End Telecom [EET], the leading public safety and wireless communication... Read more of this article
Bloomberg: ‘Shut Down Havens, Steal Business’
“The U.S. is becoming one of the world’s best places to hide money,” according to a column by the Bloomberg View editorial board, which said that ”traditional havens as Bermuda and the Cayman Islands are complying”, adding that “from a certain perspective, all this might look pretty smart: Shut down foreign tax havens... Read more of this article
Bermuda Stock Exchange Report: Dec 28 2017
December 28 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $30,000.00 BD. 10,000 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,204.19, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Chubb Estimates $250M From US Tax Law
Chubb Limited announced that it expects to record a one-time benefit from the new U.S. tax law in excess of $250 million in the fourth quarter of 2017. Chubb’s preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate and the deemed repatriation of foreign subsidiary earnings on the company’s net deferred... Read more of this article
Bermuda Stock Exchange Report: Dec 27 2017
December 27 saw 10,000 shares trade on the Bermuda Stock Exchange, valued at $30,000.00 BD. 10,000 shares were traded by One Communications Ltd, closing even at $3.00 per share. The BSX finished at 2,204.19, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Photos: Hamilton Christmas Window Displays
Many retailers across the island put extra special effort into their window displays over this holiday season, with seasonal themes, Christmas scenes, displays and more. The City of Hamilton hosted a Christmas Window Competition with retailers that took part including Alexandra Mosher Studio Jewellers [Front Street store], A.S. Coopers [Front Street],... Read more of this article
“Top 10 Bermuda Market Highlights Of 2017″
The Bermuda Business Development Agency has released a year end review of the top 10 Bermuda market highlights of 2017, which follows in full below. 1. Reputation The BDA has taken a leading role to promote Bermuda’s record for quality, global compliance, and transparency. Some may seek to smear Bermuda’s reputation with misinformation,... Read more of this article
Shipping Schedule: Week Starting December 23
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday December 23rd. On Tuesday the Oleander container ship will arrive, and on Thursday the Somers Isles container ship is expected. The weekly shipping schedule, which is subject to change, follows below [PDF here]: Related... Read more of this article
Global Insured Losses Third Highest On Record
Preliminary sigma estimates for insured global losses resulting from natural and man-made disasters in 2017 are around USD 136 billion, well-above the annual average of the previous 10 years, and the third highest since sigma records began in 1970, according to a report from Swiss Re. “Total economic losses soared in 2017 to USD 306 billion from... Read more of this article
Bermuda Stock Exchange Report: Dec 22 2017
December 22 saw 11,799 shares trade on the Bermuda Stock Exchange, valued at $43,529.08 BD. 10,193 shares were traded by One Communications Ltd, closing even at $3.00 per share, while another 1,000 shares were traded by LOM Financial Limited, closing even at $2.50 per share. 606 shares were traded by BF&M Ltd, closing up 1.5% at $17.25 per share. The... Read more of this article
