Hashtag: #BermudaBusiness
New ‘Virtual’ Business Programme At Berkeley
The Berkeley Institute has implemented a Virtual Enterprise International [VEI] programme in their business department, using the experiential learning technique to introduce students to the world of business across a multi-disciplinary agenda. Students in the VEI class actually develop a business with all of the positions and departments typically... Read more of this article
Bermuda First Investment Ltd’s Financial Results
In a filing with the Bermuda Stock Exchange [BSX], Bermuda First Investment Company Limited announced their financial results for the year ending June 30, 2016, with Chairman J. Michael Collier saying they “have seen an improvement in both the share prices and the balance sheet positions of our major investments over the last 12 months.” The... Read more of this article
Family Business Barometer 5th Edition Released
European Family Businesses [EFB] and KPMG Enterprise have launched the fifth edition of the European Family Business Barometer, which seeks to measure the confidence levels of family-owned businesses across Europe. A spokesperson said, “Family businesses prove once again to be successful and resilient. This important market [Europe has approximately... Read more of this article
Bermuda Stock Exchange Report: Sept 21 2016
September 21 saw 1,270 shares trade on the Bermuda Stock Exchange, valued at $14,134.30 BD. 700 shares were traded by Devonshire Industries Ltd, closing even at $5.50 per share, while another 570 shares were traded by BF&M Ltd, closing up 0.3% at $18.05 per share. The BSX finished at 1,543.23, up 0.03% on the day. There was 1 advance, 0 declines,... Read more of this article
Bank Of Butterfield Announces Closing Of IPO
In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced the closing of their Initial Public Offering. The filing stated that the Bank announced the closing of its previously announced initial public offering [IPO] of 12,234,042 of its voting ordinary shares at a price to the public of $23.50 per share. “The shares began... Read more of this article
Ascendant Group Earnings Increase To $18.6M
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited announced that consolidated net income for the first six months of 2016 was $18.6 million, compared to $970,000 in the comparable period in 2015. The full filing stated, “Ascendant Group Limited announced consolidated net income for the first six months of 2016 was $18.6... Read more of this article
Logic To Add New Channel: Flow Sports Premier
Logic Communications said they are set to increase the number of TV channels available to watch one of the world’s most popular football leagues. “Currently Logic Communications buys a channel from the Caribbean’s leading sports network, Flow Sports, for coverage of the English Premier League,” the company said. “It is hoped that... Read more of this article
Bermuda Stock Exchange Report: Sept 20 2016
September 20 saw 27,481 shares trade on the Bermuda Stock Exchange, valued at $647,671.50 BD. 27,481 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $23.50 per share. The BSX finished at 1,542.77, even on the day. There was 1 advance, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
No Immediate Impact On Butterfield’s Ratings
The Bank of Butterfield’s recent offering of common stock does not have any immediate impact on the company’s current ratings and Outlook, according to Fitch Ratings. A statement from the ratings agency said, “On Sept. 16, 2016, BNTB completed a sale of its common shares on the New York Stock Exchange resulting in estimated net proceeds... Read more of this article
Repair Work Is Underway At Innovation House
The Directors of Innovation Ltd – Michael Branco, CEO of Fireminds; and Michael Freisenbruch, President of Freisenbruch-Meyer Group – have announced that temporary works have begun at Innovation House to repair the damage caused by the fire on Front Street on July 21. Innovation House, formerly known as RamRe House, sustained fire and smoke... Read more of this article
Flanagans Preparing For Ten Year Anniversary
The Directors of Harbourside Holdings Ltd — Deon Mills, Barry Decouto and Chris Garland — said they are anticipating that 2017 will be a major year for the company’s group of restaurants which include the Flanagans Pub, The Outback Sports Bar and the Snug Café. The three directors, who took over ownership of Flanagans Pub & Sport... Read more of this article
Video: Success of Summer Intern Programme
Air Care is challenging other firms to offer summer training schemes to young Bermudians following the success of their programme this summer with a young student. In partnership with Impact Mentoring Academy, Air Care took on one of their pupils, 15-year-old Stephon Paynter, as a summer student, giving him hands-on training until the new school term... Read more of this article
