Brent Oil Brent oil prices decreased by 11.21% or US$4.76, as prices decrease this week relative to the prior week. Oil traded on October 29, 2020 at a price of US$37.70 per barrel relative to US$42.46 on October 22, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
United States: U.S. Economy Expands at Record 33.1% Pace After Covid Plunge “The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending, reversing much of the collapse stemming from coronavirus-enforced lockdowns. Just as the second-quarter plunge in output was
October 28, 2020 Chairman, Mr. Joseph Matalon, stated that, “the Company experienced a large volume of advertisement cancellation, as a result of the ongoing pandemic, which greatly impacted the Company’s revenue.” Notwithstanding, RJR is working vigorously to recuperate from this impact; as such, the Company is strongly monitoring its’ strategic projects which has been beneficial
October 28, 2020 IronRock Insurance Company Limited (ROC) has advised that a connected party purchased a total of 688,070 ROC shares during the period September 15, 2020 to October 22, 2020. 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
October 28, 2020 Supreme Ventures Limited (SVL) has advised that a connected party sold 312 SVL shares on October 26, 2020. 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
October 28, 2020 GraceKennedy Limited (GK) has advised that the Board of Directors will on Thursday, November 5, 2020 consider a resolution for the declaration of an interim dividend to be paid in December 2020. Analyst Certification –The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department
October 28, 2020 Jamaica Broilers Group Limited (JBG) has advised that a connected party purchased 8,244,352 JBG shares and that a Director and a connected party sold a total of 8,185,186 JBG shares. These transactions were conducted on October 21, 2020. Disclaimer Analyst Certification –The views expressed in this research report accurately reflect the personal
October 28, 2020 Unemployment rates trended upward for the month of September in 388 of the 389 metropolitan areas and lower in 1 area compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 73 areas had jobless rates of less than 5.0% and 31 areas had rates of at least
United States: Record GDP Surge to Mask Moderation in U.S. Economic Rebound “The U.S. is about to report the fastest quarterly growth on record after businesses reopened following pandemic shutdowns and consumers proved resilient. But the headline number, like the record contraction preceding it, obscures key parts of the story. Data due Thursday are forecast
Date: October 27, 2020 Total revenue for the nine months ended September 30, 2020 grew by 12% amounting to $15.10 billion, up from $13.51 billion reported a year ago. For the quarter, revenues amounted to $5.77 billion (2019: $4.38 billion). Cost of Sales closed the period under review at $8.14 billion (2019: $7.69 billion). As
