May 21, 2020 United States: Americans Again File by the Millions for Unemployment Benefits “Millions more Americans applied for unemployment benefits last week, indicating major job losses are continuing two months after the coronavirus pandemic started shuttering businesses. Initial jobless claims for regular state programs totaled 2.44 million in the week ended May 16, Labor
May 20, 2020 General Accident Insurance Company Limited (GENAC) for the three months ended March 31, 2020, reported gross premium written of $2.54 billion, 5% lower than the $2.69 billion reported in 2019. Reinsurance ceded fell 14% to close at $1.81 billion relative to $2.11 billion booked in 2019. Excess of loss reinsurance trended upwards by 29% to
May 20, 2020 1834 Investments Limited (1834) has advised of the passing of its Chairman, Hon. Oliver F. Clarke O.J. on Saturday, May 16, 2020. Effective immediately Vice-Chairman Joseph M. Matalon, C.D. will assume the responsibility of Chairman, until the Board elects a successor. Analyst Certification -The views expressed in this research report accurately reflect the personal
May 20, 2020 Supreme Ventures Limited (SVL), sole shareholder of Supreme Ventures Racing & Entertainment Limited (SVREL) which is the operator of the Caymanas Track, has advised that the Company will begin publishing SVREL’s monthly unaudited financial statements in the general interests of the investing and wider public. SVL further advised that the posting of
May 20, 2020 Click below for press release attached from Cable Bahamas Limited (CAB). Cable-Bahamas-Limited-CAB-Impact-of-COVID-19-on-Business-Operations 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
FosRich Company Limited (FOSRICH) for the three months ended March 31, 2020 booked a 19% increase in revenue to total $448.82 million compared to $378.58 million for the same quarter in 2019. The Company noted, “These increases were attributed primarily to increased sales in the Industrial, Control Devices, Panels and PVC categories.” Cost of sales
May 20, 2020 Palace Amusement Company (PAL), for the nine months ended March 31, 2020, reported total revenues of $899.17 million, a 16% increase when compared with the $774.64 million recorded for corresponding period in 2019. Total revenue for the quarter declined 10% to total $229.27 million relative to the $254.55 million recorded for same period in
United States: U.S. Futures Advance While Europe Stocks Fluctuate: Markets Wrap “U.S. equity futures pushed higher on Wednesday and European stocks swung between losses and gains as investors weighed positive signals on the outlook for reopening against fresh outbreaks of the coronavirus. Treasuries and the dollar dropped. Contracts on three main America equity gauges accelerated
May 19, 2020 ISP Finance Services Limited’s (ISP) total interest income amounted to $367.20 million compared to $306.57 million in 2018, an increase of 20%. For the quarter, total interest income amounted to $91.35 million (2018: $92.81 million). Total income is broken down as follows: Interest income from loans grew 20% to total $367.07 million
May 19, 2020 Sagicor Select Funds Limited (SELECTF), for the Three months ended March 31, 2020 reported net investment loss of $1.46 billion relative to an income of $18.23 million booked March 31, 2019. Management noted, “Total Income of negative $1,459 million was largely attributable to the unrealized loss in the value of the investments.
