Hashtag: #BermudaBusiness
Shipping Schedule: Week Starting July 27
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday July 27th. On Sunday the Adventure of the Seas and the Norwegian Gem cruise ships and the Oleander container ship are expected, on Monday the Anthem of the Seas cruise ship will arrive, and on Wednesday the Norwegian Escape... Read more of this article
LOM Releases 2019 Half Year Financial Results
In a filing with the Bermuda Stock Exchange [BSX] LOM Financial Limited announced 2019 Half Year Financial Results. In a letter to shareholders, the Company’s CEO stated: To our Shareholders: Though our first half profits were up year-on-year, our growth has slowed. Our expansion in Cayman and the UK, along with a decline on our highly volatile brokerage... Read more of this article
Bermuda Stock Exchange Report: July 26 2019
July 26 saw 11,950 shares trade on the Bermuda Stock Exchange, valued at $204,737.50 BD. 11,850 shares were traded by BF&M Ltd, closing at an even $17.05 per share, while the other 100 shares were traded by One Communications Ltd, closing up 6.7% at $4.00 per share. The BSX finished at 2,188.67, up 0.16% on the day. There was 1 advance, 1 decline,... Read more of this article
Victoria Pereira Appointed As Planning Director
The Ministry of Home Affairs announced the appointment of Victoria Pereira as the new Director of the Department of Planning. “In her new role, Ms. Pereira will lead the Department in facilitating investment and development in Bermuda while ensuring social and critical environmental needs are met. She will also play an important role in streamlining... Read more of this article
Minister: FHTP Approves Bermuda Legislation
The OECD’s Forum on Harmful Tax Practices [FHTP] has formally reported its approval of Bermuda’s Economic Substance legislative framework, Minister of Finance Curtis Dickinson said in the House of Assembly today [July 26]. The Minister’s full statement follows below: Mr. Speaker, I am pleased to advise this Honourable House and the listening... Read more of this article
PartnerRe Reports Q2 & Half Year 2019 Results
Bermuda-based PartnerRe Ltd. today [July 26] reported a net income available to common shareholder of $285 million for the second quarter of 2019, which includes net realized and unrealized investments gains of $164 million on fixed maturities and short-term investments, primarily due to decreases in world-wide risk-free rates and credit spreads, and... Read more of this article
Bermuda Stock Exchange Report: July 25 2019
July 25 saw 3,400 shares trade on the Bermuda Stock Exchange, valued at $112,370.00 BD. 3,400 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.9% at $33.05 per share. The BSX finished at 2,185.23, down 0.59% on the day. There were 0 advances, 1 decline, and 55 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Video: ‘Taking Off’ Highlights New Airport Road
Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopment project, with this episode highlighting the construction progress of the new road at the airport. Speaking in the episode, Mikaela Pearman said, “The new road at the airport is almost done! You’ll recall... Read more of this article
Made In Bermuda Nights Cup Match Edition
A special Cup Match edition of Made in Bermuda Nights looks set to rally some early holiday rivalry among locals and visitors on White’s Island tonight. Guests are invited to sport their respective team colours supporting either Somerset [blue/red] or St. George’s [blue/blue] at this week’s event, which features bands One Soulution and Sheila... Read more of this article
Bermuda Stock Exchange Report: July 24 2019
July 24 saw 2,533 shares trade on the Bermuda Stock Exchange, valued at $47,853.30 BD. 2,233 shares were traded by BF&M Ltd, closing at an even $17.05 per share, while the other 300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.7% at $33.34 per share. The BSX finished at 2,198.28, up 0.49% on the day. There was 1 advance, 0... Read more of this article
Lili Bermuda Launches “Nautilus” Fragrance
Lili Bermuda launched Nautilus, its latest fragrance for men, at their Hamilton flagship store last night. “Guests sampled the new fragrance inspired by the colors, sounds and energy of a summer Bermuda storm. Nautilus reflects the supernatural energy of crashing waves, which have sculpted so perfectly our idyllic Bermuda landscape. Nautilus is... Read more of this article
LOM Financial July Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited, announced that, during the period 1st to 16th July, the Company purchased a total of 175,000 shares at an average price of $2.78 for cancellation. The full filing stated: “Please be advised that LOM Financial Limited has purchased a total of 175,000 shares at an average... Read more of this article
