March 7, 2024 A.S. Bryden & Sons Holdings Limited (ASBH) has advised that it has acquired a 55% controlling stake in Stansfeld Scott (Barbados) Limited (“SSB”). SSB is a leading distributor and retailer of wines, spirits and consumer health products in Barbados. SSB’s products include El Dorado and Plantation rums, Glenfiddich whisky, Stolichnaya vodka,
March 7, 2024 Gas Price Movement - March 7, 2024 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
March 7, 2024 For the three months ended January 31, 2024, Scotia Group Jamaica Limited’s (SGJ) net interest income rose 19% amounting to $11.11 billion, relative to $9.30 billion for the corresponding period in 2023, while interest expenses rose by 282% to total $498.96 million (2023: $130.56 million). The company reported an expected credit loss
March 7, 2024 Fitch Ratings - New York - 05 Mar 2024: Fitch Ratings has upgraded Jamaica's Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDRs) to 'BB-' from 'B+'. The Outlook remains Positive. In addition, Fitch has upgraded Jamaica's Country Ceiling to 'BB' from 'BB-'. KEY RATING DRIVERS Upgrade; Positive Outlook: The upgrade of Jamaica's ratings
March 7, 2024 United States: US Stock Buybacks to Hit $1 Trillion in 2025, Goldman Says US share buybacks are set to surpass $1 trillion next year for the first time ever, thanks to strong megacap technology earnings, strategists at Goldman Sachs Group Inc. said. For 2024, the bank expects S&P 500 stock repurchases
March 6, 2024 GraceKennedy Limited (GK) has advised that, pursuant to the terms of the GraceKennedy “2009 Stock Option Plan for Directors, Managers and Employees” approved by the Stockholders of the Company at an Annual General Meeting held on May 27, 2009, and as part of the Long Term Incentive Scheme for the employees
March 6, 2024 Mayberry Jamaican Equities Limited (MJE) has advised that Mr. Alok Jain and Mrs. Janene Shaw were appointed as Independent Directors effective February 23, 2024. Mrs. Shaw and Mr. Jain were both appointed to the Audit & Risk Committee of the Board and additionally, Mr. Jain was appointed to the Corporate Governance
March 6, 2024 United States: US Companies Added 140,000 Jobs in February, ADP Data Show US companies boosted hiring in February at a moderate pace, pointing to a resilient demand for workers across industries. Private payrolls increased by 140,000 last month after a 111,000 gain in January, according to figures published Wednesday by the
March 5, 2024 Jamaica Broilers Group Limited (JBG) has declared an interim dividend of $0.38 per share payable on April 16, 2024, to shareholders on record as at March 19, 2024. The ex-dividend date is March 18, 2024. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of
March 5, 2024 Barita Investments Limited (BIL) has advised that further to its press release dated March 17, 2023 following the Bank of Jamaica’s (“BOJ”) issuance of a non-objection letter on Friday, March 10, 2023 regarding the reorganisation of the Cornerstone Group of companies (“Cornerstone Group” or the “Group”) the Group has taken steps
