Hashtag: #BermudaBusiness
Bermuda To Host New Funds Industry Event
An estimated 250 asset management professionals and investors are expected to travel to Bermuda this fall for the first annual World Alternative Investment Summit Bermuda [WAIS Bermuda] at the Fairmont Southampton Resort. Slated for September 28–30, the event is hosted by Canada’s Radius Financial Education [Radius] and supported by the Bermuda... Read more of this article
Harneys Shortlisted For ‘Legal Team Of Year’
Harneys has been named as an ‘International Legal Team of the Year’ finalist for the STEP Private Client Awards 2016/17, which celebrate quality and excellence within the private client industry. Harneys is the only offshore law firm to be shortlisted in this category, which recognises leaders in the provision of global, cross-border legal advice... Read more of this article
Bermuda Stock Exchange Report: June 28 2016
Today [June 28] saw 19,338 shares trade on the Bermuda Stock Exchange, valued at $31,602.00 BD. 19,200 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.61 per share, while the other 138 shares were traded by Ascendant Group Limited, closing even at $5.06 per share. The BSX finished at 1,169.34, also even on the day. There were... Read more of this article
UK Will “Consult” With Territories About Brexit
Speaking in UK Parliament yesterday, Prime Minister David Cameron said they must ensure that the interests of all parts of the UK are protected, so as they prepare to negotiate with the European Union they will consult various jurisdictions including the Overseas Territories. The UK referendum on June 23rd saw the British vote — by 51.9% — to sever... Read more of this article
Photos: Prestige Autos Launch Jeep Renegade
Prestige Autos recently held an event to officially unveil the Jeep Renegade, outside Harry’s Restaurant located in the Waterfront Complex, overlooking Hamilton Harbour. The company website says the Jeep Renegade comes in two models, the Longitude and the Limited. Both models come with a touch screen display, USB connection and voice command with... Read more of this article
Warwick Gas Station 5K Fundraiser For Autism
Warwick Gas Station recently partnered with Bermuda Autism Support and Education [BASE] to host the second annual RUBiS Warwick 5k Family Fun Run, attracting over three hundred registrants and raising $12,270 for BASE. While turnout was hampered by inclement weather on the day, many men, women, and children walked and ran the 5-kilometre route, which... Read more of this article
Bermuda Stock Exchange Report: June 27 2016
Today [June 27] saw 100,000 shares trade on the Bermuda Stock Exchange, valued at $161,250.00 BD. All 100,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $1.61 per share. The BSX finished at 1,169.34, down 0.76% on the day. There were 0 advances, 1 decline, and 58 remained unchanged. The full report for the day is available Read More →
Dudley Smith Wins Car In ‘Rev & Roll’ Promotion
Bermuda General Agency [BGA] announced that Dudley Smith of Southampton is the winner of the Rev & Roll Car Promotion, with Mr. Smith now the proud owner of a 2016 Hyundai Veloster. BGA teamed up with Auto Solutions for the island-wide promotion, which ran from April 25 to June 14. Shoppers who purchased a Tide or Gain detergent, plus a Bounty or... Read more of this article
Advisory: Amended Tax Rates Must Be Used
The Office of the Tax Commissioner has reminded taxpayers that the amended tax rates effective April 2016 must be used to calculate taxes due for the quarter ending June 30th, with the rate for taxpayers under the Hotel, Restaurant or Retail Payroll Tax Relief Programmes revised from 5.5% to 8% effective April 1st. The statement said, “Tax payers... Read more of this article
Argus Group Reports Earnings Of $7.3 Million
Argus Group Holdings Limited today announced net earnings to shareholders of $7.3 million for the year ended March 31, 2016. “Included within the net earnings figure are unrealised investment losses of $8.0 million, which are driven by short-term volatility in global investment markets, and as such, are not reflective of longer-term expectations... Read more of this article
April 2016: Retail Sales Increase By 2.3%
Retail sales in April 2016 increased 2.3% above the $90.1 million recorded in April 2015– and when adjusting for the annual retail sales rate of inflation, measured at 2.0% in April, the volume of retail sales increased 0.4%.— according to the recently released Retail Sales Index. “Four of the seven sectors experienced increases in sales revenue.... Read more of this article
Two Companies Appointed For Airport Project
Aecon Group Inc announced today [June 27] the engagement of Island Automation Limited to perform electrical engineering services and Onsite Engineering to perform mechanical engineering services for the redevelopment of Bermuda’s airport. “The appointments of these Bermudian companies for the first design phase of the project follow a competitive... Read more of this article
