Hashtag: #BermudaBusiness
Ignite Cohort Report 15 New Full Time Jobs
Ignite Bermuda’s second cohort – who concluded their Business Accelerator Programme in June – reported an increase of 5.7% in sales, as well as 15 full time and 28 part-time jobs created. A spokesperson said, “For each Ignite Bermuda’s cohort, data is collected from the participants to track and measure the impact of the accelerator... Read more of this article
Bermuda Stock Exchange Report: Oct 7 2020
October 7 saw 54,810 shares trade on the Bermuda Stock Exchange, valued at $314,460.00 BD. 6,900 shares were traded by BF&M Ltd, closing up 1.7% at $17.80 per share, while the other 47,910 shares were traded by One Communications Ltd, closing even at $4.00 per share. The BSX finished at 1,829.60, up 0.13% on the day. There was 1 advance, 0 declines,... Read more of this article
Meritus Trust Acquires Lepercq Corporation
Meritus Trust Company Limited has acquired all of the shares in Lepercq Corporation Management and its direct subsidiary, Lepercq Corp. Services Co. Ltd. A spokesperson said, “Meritus Trust Company Limited [Meritus], a premier boutique Bermuda trust and corporate service provider company, has acquired all of the shares in Lepercq Corporation Management... Read more of this article
IoD Bermuda Launches New Website
The Institute of Directors, Bermuda branch, has launched its own website – www.IoD.bm – with information on professional courses and events. Rochelle Simons, Chair of the IoD Branch along with Sara Schroter and Michelle Cardwell, members of the Executive Committee of the IoD and who have been coordinating the new site, said: “We are very excited... Read more of this article
Minister On Energy & Potential Sale Of BELCO
Minister of Home Affairs Walter Roban held a press conference to provide an update on renewable energy initiatives and the potential sale of Ascendant, which is the parent company of BELCO. Minister Roban said, “During the recent election, there seemed to be a significant emphasis on renewable energy and a cleaner environment. I thought it important... Read more of this article
MarketPlace Initiative To Hire Fairmont Workers
The MarketPlace today announced a “compassionate plan to hire redundant workers of the Fairmont Southampton.” A spokesperson said, “The MarketPlace aims to provide job opportunities for an unspecified number of hard-working individuals that are out of work by the closure of the Fairmont Southampton hotel. The roles will include floor... Read more of this article
BTA: ‘Bermuda’s Health Protocols Inspire Travel’
Bermuda’s health protocols have inspired travellers to choose the island, with 50% of Bermuda’s air visitors saying the island’s rigorous safety protocols influenced their decision to travel here and 97% saying they felt either “safe” or “very safe” in terms of COVID-19 during their visit. This was from the BTA, which said, “Bermuda’s... Read more of this article
Ascendant Group Releases Q2 2020 Financials
Ascendant Group Limited, a publicly traded provider of energy and energy-related services, announced that results for the first six months of 2020 have been released. The Six Month Report will be sent to shareholders and is also available on Ascendant’s website at www.ascendant.bm. The Ascendant Six Month Earnings follow below [PDF here]: Related... Read more of this article
Butterfield Share Repurchases For Sept 2020
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of September 2020, the Bank repurchased for cancellation 75,600 Common Shares at an average price of $ 24.32 per share. Related Stories Butterfield Announce Leadership Appointments Butterfield Senior Management Appointments Butterfield... Read more of this article
Bermuda Stock Exchange Report: Oct 6 2020
October 6 saw 1,146 shares trade on the Bermuda Stock Exchange, valued at $28,650.00 BD. 1,146 shares were traded by Bank of N.T. Butterfield Ltd, closing up 6.4% at $25.00 per share. The BSX finished at 1,827.31, up 3.83% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Skyport Selects Specialty Retail Concessionaire
[Updated] Skyport announced that the Duty Free and Specialty Retail concession for the new terminal has been awarded to the Somers Isles Trading Company, which was founded and developed by local resident Rhona Sutton. A spokesperson said, “An elevated retail experience will be on offer in the new passenger terminal building of the LF Wade International... Read more of this article
AXA XL Wins Bermuda Insurer Of The Year
Insurance industry trade publication Reactions magazine has named AXA XL as the Bermuda Insurer of the Year. A spokesperson said, “AXA XL has won the coveted title of Bermuda Insurer of the Year for the third time in the past four years. “The recognition came during the insurance industry publication Reactions magazine’s North America... Read more of this article
