Hashtag: #BermudaBusiness
Video: MarketPlace Spotlights D&G Sherbert
The MarketPlace has released the seventh episode of their “MarketPlace Entrepreneur Spotlight” video series — which highlights local entrepreneurs who sell their locally made or grown products through their stores — with the latest episode spotlighting Doyle Stocks and D&G Sherbert. The video’s description says, “The MarketPlace Entrepreneur... Read more of this article
Emergence Limited Wins International Award
Bermuda-based company, Emergence Limited, was awarded Prophix’s “North American Partner of the Year” during last week’s annual client and partner summit. A spokesperson said, “Whilst the “Future Forward” themed conference had to be held virtually this year, the global Corporate Performance Management [CPM] software company did not... Read more of this article
Bermuda Stock Exchange Report: Sept 23 2020
September 23 saw 5,800 shares trade on the Bermuda Stock Exchange, valued at $105,400.00 BD. 3,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 6.1% at $23.00 per share, while another 2,800 shares were traded by Somers Limited, closing down 3.7% at $13.00 per share. The BSX finished at 1,731.44, down 3.93% on the day. There were... Read more of this article
Polaris Holding Company Defers Dividend
In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the deferral of their dividend payment. The filing stated, “Please note that, today, the Directors of Polaris Holding Company Ltd., unanimously resolved to defer payment of a proposed dividend to the shareholders of record as at 25 September 2020, payable... Read more of this article
Hotel To Close For Renovations, Staff Redundant
Fairmont Southampton announced today that the property will temporarily close to undergo a complete renovation, with hundreds of staff members to be made redundant. A spokesperson said, “Fairmont Southampton, Bermuda announced today that effective October 23, 2020, the property will close to undergo a complete upgrade and renovation to elevate... Read more of this article
Appleby Shortlisted: Offshore Firm Of The Year
Law firm Appleby has been shortlisted in The Lawyer Awards 2020, ‘Offshore Firm Of The Year’ award category. A spokesperson said, “Leading offshore firm Appleby has been shortlisted in The Lawyer Awards 2020, ‘Offshore Firm of the Year’ award category. The Lawyer awards recognise and celebrate excellence across the legal industry. The... Read more of this article
Assured Guaranty Rebrands BlueMountain
Assured Guaranty Ltd. has rebranded BlueMountain Capital Management as Assured Investment Management. The company said, “Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], the leading financial guaranty insurance company, announced today that it has rebranded its asset management subsidiary as Assured Investment Management... Read more of this article
Argus To Celebrate 70 Years With $70K Donation
The Argus Group is celebrating 70 years of service by donating over $70,000 to youth programmes, with people able to submit proposals for their charity or nonprofit organization to receive one of six $10,000-$15,000 donations. A spokesperson said, “The Argus Group is proud to be celebrating 70 years of service. That’s 70 years of providing financial... Read more of this article
New Signage At LF Wade International Airport
The LF Wade International Airport now has new signage, with Skyport providing images of the signs at the entrance. The Bermuda Skyport Corporation Limited posted the photos online below, saying, “The new signage at the new entrance to the LF Wade International Airport is up! We are so excited to see everything coming together after 3.5 years of work.” Related... Read more of this article
Bermuda Stock Exchange Report: Sept 22 2020
September 22 saw 25,400 shares trade on the Bermuda Stock Exchange, valued at $113,000.00 BD. 1,200 shares were traded by Somers Limited, closing down 3.6% at $13.50 per share, while another 24,200 shares were traded by One Communications Ltd, closing down 2.4% at $4.00 per share. The BSX finished at 1,802.23, down 0.26% on the day. There were 0 advances,... Read more of this article
ABIR Members Contribute $830M To Economy
[Updated] The Association of Bermuda Insurers and Reinsurers [ABIR] today released the results of its 15th annual ABIR Bermuda Economic Substance Survey, “detailing significant contributions to the Bermuda economy and workforce.” A spokesperson said, “Highlights from the report, which tracks 2019 calendar-year data, include: ABIR... Read more of this article
MarketPlace Extends Discount Until End Of Year
MarketPlace will extend their three-times weekly 5% discount and daily 5% discount for recipients of financial assistance until the end of 2020. A spokesperson said, “The MarketPlace today announced an extension of its three-times weekly 5% discount and daily 5% discount for recipients of financial assistance until the end of the year. “The extended... Read more of this article
