Hashtag: #BermudaBusiness
Beauty Products Are ‘Handmade With Love’
Handmade natural hair, skin, and beauty products created by Kayuntae Ming of His N’ Hers Hair & Beauty will be showcased in New York, after Ms Ming was one of the vendors selected during the recent BEDC contest. Six local entrepreneurs have been given a once-in-a-lifetime opportunity to go to New York City and take part in an exclusive vendor... Read more of this article
Bermuda Stock Exchange Report: June 13 2018
June 13 saw 22,344 shares trade on the Bermuda Stock Exchange, valued at $296,674.00 BD. 10,000 shares were traded by Argus Group Holdings Ltd., closing down 2.3% at $3.90 per share, while another 10,000 shares were traded by Ascendant Group Limited, closing up 0.3% at $15.85 per share. 1,944 shares were traded by Bank of N.T. Butterfield Ltd, closing... Read more of this article
Clarien Bank Increase Base Lending Rates
Effective June 14, 2018, Clarien will be adjusting its BMD$ base lending rate by 25 basis points [0.25%] following the US Federal Reserve rate increase. “The Bermuda Dollar Base rate for personal mortgages will increase from 4.25% to 4.50% and 4.50% to 4.75% for commercial mortgages,” a statement from the Bank said. “Increases in rates... Read more of this article
EY Announces Blockchain Audit Technology
EY has announced the pilot of the EY Blockchain Analyzer, a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions. A spokesperson said, “The proprietary technology is designed to support EY audit teams as they perform audits for companies using cryptocurrencies and... Read more of this article
Bermuda Candles To Be Showcased In New York
Pink Sand, White Lily, Tank Rain, Dark Rum & Cedar Stack are some of the Bermuda themed candles being offered by Nina Froncioni of Limestone & Cedar Co, who was one of the vendors selected during the recent BEDC contest to showcase their products in New York. Six local entrepreneurs have been given a once-in-a-lifetime opportunity to go to New... Read more of this article
Bermuda Stock Exchange Report: June 12 2018
June 12 saw 167,271 shares trade on the Bermuda Stock Exchange, valued at $2,830,923.80 BD. 161,260 shares were traded by Ascendant Group Limited, closing even at $15.80 per share, while another 6,011 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.1% at $47.00 per share. The BSX finished at 2,708.48, down 1.63% on the day. There... Read more of this article
Ten Interns Take Part In BILTIR Programme
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has launched an internship programme for Bermudian college students. The ten interns will take part in BILTIR’s ten-week programme, which runs from June 11 until August 17. Each of the successful applicants has been placed with a BILTIR member company and will receive hands-on exposure... Read more of this article
Conyers Dill & Pearman Promote Blakesley
Conyers Dill & Pearman announced that Justine Blakesley has been promoted to the newly created role of Global Head of Client Services. Mrs Blakesley will be responsible for the strategy and development of Conyers’ internationally recognized Client Services business in Bermuda, the British Virgin Islands, the Cayman Islands, Hong Kong and Singapore. The... Read more of this article
RenRe Public Offering Of Depositary Shares
Bermuda-based RenaissanceRe Holdings has agreed to sell in an underwritten public offering 10,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 5.75% Series F Preference Shares, $1.00 par value and $25,000 liquidation preference per share [equivalent to $25 per Depositary Share]. The public offering price is... Read more of this article
Bermuda Stock Exchange Report: June 11 2018
June 11 saw 3,700 shares trade on the Bermuda Stock Exchange, valued at $59,895.00 BD. 3,000 shares were traded by Ascendant Group Limited, closing up 1.9% at $15.80 per share, while another 600 shares were traded by BF&M Ltd, closing up 4.9% at $18.00 per share. 100 shares were traded by Somers Limited closing up 14.5% at $16.95 per share. The... Read more of this article
KFC Donates $1,968 To Bermuda Red Cross
As part of the celebration of Red Cross Month, KFC said they are pleased to announce that they raised $1,968 in support of Bermuda Red Cross after a successful fundraising initiative throughout the month of May. KFC customer Sheena William’s generosity paid off when she was selected to receive a $500 gift card courtesy of Gorham’s for participating... Read more of this article
Transforming Business Financials Seminar
The Bermuda Economic Development Corporation has joined forces with the Institute of Internal Auditors [Bermuda Chapter] Ltd. [IIA] to host a ‘Transforming Your Business Financials, One Step at a Time’ seminar at the Cathedral Hall on Church Street, Hamilton on Tuesday, July 3rd, 2018 from 5.30pm until 8pm. Special guest speakers will be Nicole... Read more of this article
