Hashtag: #BermudaBusiness
Bermuda Stock Exchange Report: July 27 2018
July 27 saw 14,925 shares trade on the Bermuda Stock Exchange, valued at $139,695.00 BD. 8,700 shares were traded by Argus Group Holdings Ltd closing down 2.4% at $4.00 per share, while another 4,300 shares were traded by Ascendant Group Limited, closing down 1.5% at $16.25 per share. 1,300 shares were traded by One Communications Ltd, closing at... Read more of this article
BDA Terminates Agreement With John Narraway
The Bermuda Business Development Agency confirmed they terminated their consultancy agreement with John Narraway, while the Government confirmed that Mr Narraway “stepped down” as the Chairman of the Fintech Business Development Working Group. “John Narraway is no longer working for the BDA. The agency terminated its consultancy agreement... Read more of this article
13 Local Jobs Cut In Butterfield ‘Restructuring’
Butterfield has confirmed a “restructuring” has resulted in 23 jobs being lost, with thirteen of those in Bermuda. The other six jobs are in the Cayman Islands, while four are in Guernsey. “Customer services will not be impacted by the changes,” Butterfield said, with the company also noting that in calendar 2018, Butterfield... Read more of this article
Four Vendors Being Considered For Shelly Bay
Ashley Stephens of Ashley’s Lemonade is looking to expand her growing business in a proposed concession area at Shelly Bay Beach, the Bermuda Tourism Authority said. “We’d be a fresh squeeze lemonade stand at a beautiful beach,” Miss Stephens said. “With some newly added products that we hope to add once Ashley’s Lemonade is at Shelly... Read more of this article
Davidrose Studio Holds Special Celebration
The owners of Davidrose Studio held a special celebration at their Front Street store. Davidrose Studio is owned by husband and wife, David and Avrel Rose Zuill, who met over a decade ago as university students in Toronto. It was there that they discovered their mutual passion for design and began dreaming up a jewelry collection centred around Bermuda’s... Read more of this article
Column: Questions, Answers, Arbitrade & More
[Opinion column written by Shadow Minister Michael Dunkley] On July 13th, the first session of Premier’s Question time took place. Among other questions asked by others, I posed questions to Premier Burt in regards to Arbitrade. It has been well documented that they are a company which has raised red flags for a number of reasons, notably, a press... Read more of this article
Butterfield Appoints Neff, Expands Committee
In a filing with the Bermuda Stock Exchange [BSX], The Bank of N.T. Butterfield & Son Limited announced the appointment of Michael Neff, Managing Director, Bermuda. The filing stated, “The Bank of N.T. Butterfield & Son Limited today appointed Michael Neff, Managing Director, Bermuda in which capacity he will be responsible for Butterfield’s... Read more of this article
Bermuda Stock Exchange Report: July 26 2018
July 26 saw 1,170 shares trade on the Bermuda Stock Exchange, valued at $52,436.50 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.5% at $49.75 per share, while another 70 shares were traded by Somers Limited, closing even at $16.25 per share. 100 shares were traded by Ascendant Group Limited, closing down 0.1% at $16.49 per... Read more of this article
Ascendant Group Announces Six Month Results
“BELCO and our non-utility businesses performed well in the first half of this year – evidence that our strategic plan is bearing fruit,” Ascendant Group President and CEO Sean Durfy said today as he announced the company’s results for the first half of 2018. Mr. Durfy said: “The Company’s performance reflects continued, solid... Read more of this article
Young Entrepreneurs Offer Array Of Services
Natural gemstone jewelry, commemorative photos, bird boxes, natural skin care line, dog walking and pet sitting are a few of the businesses being operated by some of the island’s young entrepreneurs this summer as part of the BEDC’s Summer Student Entrepreneur Programme. Junior Minister of Home Affairs, Economic Development & Tourism,... Read more of this article
XL Group Declare Quarterly Dividend Of $0.22
XL Group Ltd announced today [July 26] that its Board of Directors declared on July 25, 2018 a quarterly dividend of $0.22 per common share payable on the Company’s common shares. The dividend will be payable on October 1, 2018 to common shareholders of record as of September 14, 2018. Related Stories XL To Delist Outstanding Debt Securities XL... Read more of this article
AXIS Report Second Quarter Net Income: $93M
Bermuda-based AXIS Capital Holdings reported net income available to common shareholders for the second quarter of 2018 of $93 million, or $1.11 per diluted common share, compared to net income of $85 million, or $1.01 per diluted common share, for the second quarter of 2017. Net income available to common shareholders for the six months ended June... Read more of this article
