Hashtag: #BF&MLimited
BF&M Offices Closed On Monday Due To Storm
BF&M Limited announced that is offices will be closed on Monday [Sept 14] due to Tropical Storm Paulette. A spokesperson said, “BF&M wishes to inform customers that its offices will be closed on Monday, 14 September due to Paulette. Please take all necessary precautions to prepare at this time. Updates about our reopening will be issued in... Read more of this article
BF&M Reports Half Year Earnings Of $10.4M
BF&M Limited today reported shareholders’ net income for the six months ended 30th June, 2020, of $10.4 million. Shareholders’ net income for the comparative six month period of 2019 was $11.4 million. Group Chairman and CEO John Wight stated: “We were able to report strong operating results for the first half of 2020. Both our Property &... Read more of this article
BF&M Sells Share Barbados-Based Company
In a filing with the Bermuda Stock Exchange [BSX], BF&M announced the sale of its share in the Barbados-based Insurance Corporation of Barbados Limited The full filing stated: “BF&M Limited [BF&M] and Paynes Bay Finance Inc. [PBF] jointly announced today that BF&M has sold its 51% share in the Barbados-based Insurance Corporation... Read more of this article
BF&M Supports Community Feeding Programme
In response to an appeal made by Huckleberry Restaurant and Christ Church, BF&M Limited furthered its community support efforts in response to the Covid-19 crisis through a recent donation made in the amount of $5,000 to support their Community Feeding Programme. Huckleberry’s is preparing 1,000 meals a week which are being distributed by Christ... Read more of this article
BF&M Continuation: Share BuyBack Programme
BF&M Limited announced the continuation of its repurchase programme, approved at a meeting on April 8, 2016 by the Board of BF&M Limited, for a further twelve months. “The share buyback programme enables BF&M to repurchase, at its discretion, up to 241,425 Common Shares at market prices on the Bermuda Stock Exchange,” the BSX... Read more of this article
BF&M Limited Reports Net Loss Of $2.2 Million
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited announced shareholders’ net loss for the three months ended 31st March, 2020, of $2.2 million. The full filing stated: ”BF&M Limited [BF&M] today reported shareholders’ net loss for the three months ended 31st March, 2020, of $2.2 million. Shareholders’ net income... Read more of this article
BF&M Limited Announces Board Changes
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited announced Board changes. The full filing stated: “BF&M Limited [BF&M] today announced the appointments of Mrs. Jennifer Reynolds and Mr. Andrew Lo to the BF&M Limited Board of Directors. “Jennifer Reynolds has over 20 years of experience in the financial service... Read more of this article
BF&M ‘No Limits’ Sailing Programme Goes Virtual
In response to the current Covid-19 pandemic, the BF&M ‘No Limits’ Sailing Programme has shifted to virtual learning. A spokesperson said, “Endeavour Community Sailing, a non-profit dedicated to engaging youth from diverse backgrounds across Bermuda in hands-on, experiential learning through sailing has shifted in response to the... Read more of this article
BF&M Share Repurchases For March 2020
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase programme, during the month of March 2020 the company repurchased 27,800 common shares at an average price of $17.72. The Company advised the repurchased shares were reserved for issuance. Related Stories BF&M Prepare 300 Packages,... Read more of this article
BF&M Donates $40,000 To Assist Community
BF&M Limited is pledging $40,000 to organisations to help the community support efforts in response to the Covid-19 crisis. A spokesperson said, “BF&M Limited announced today its community support efforts in response to the Covid-19 crisis, pledging $40,000 to organisations currently working doubly hard. “In Bermuda, BF&M has pledged... Read more of this article
BF&M Reports Earnings Of $11.9 Million
In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited announced shareholders’ net income for the year ended 31st December 2019. The full filing stated: “BF&M Limited today reported solid shareholders’ net income for the year ended 31st December, 2019, of $11.9 million, despite impact from hurricanes. Shareholders’ net... Read more of this article
BF&M Stops Dropbox Service Starting Saturday
BF&M said that starting this Saturday, physical dropbox collections at the BF&M building will be discontinued until further notice. A spokesperson said, “BF&M wishes to inform customers that starting this Saturday, physical dropbox collections at the BF&M building will be discontinued until further notice, in light of the state of... Read more of this article
Project Action’s Bus Back On The Road
Project Action Chairwoman Cindy Swan has announced that the initiative’s bus is back on the road to assist seniors and the physically challenged. A spokesperson said, “One thing is for sure: prayer does work and thankfully Project Action is blessed to have volunteers who have faithfully prayed for support to keep the wheels turning on the... Read more of this article
BF&M: Open For Business By Phone & Online
In light of the global outbreak of Covid-19 and in support of Bermuda’s efforts to limit any possible transmission, BF&M is closing its offices to walk-in customers and staff from Wednesday, March 18th, however will provide their services via phone and online. A spokesperson said, “In light of the global outbreak of COVID-19 and in support of... Read more of this article
Minister Foggo ‘Disheartened” By Job Losses
Minister Lovitta Foggo said she was “disheartened” to hear of job losses at BF&M and advised those “affected by the redundancies that the Department of Workforce Development is available as an immediate resource.” BF&M previously confirmed that seven positions were affected, with two of the people who positions were... Read more of this article
Job Losses Due To ‘Restructuring’ At BF&M
Noting that they are “focused on operational efficiency and client service” and “staff according to the changing needs of the business,” BF&M has confirmed that seven positions were “involved in the restructuring” with two of the people affected offered new roles. The company confirmed that “there were seven... Read more of this article
