October 14, 2022 Paramount Trading (Jamaica) Limited, for the three months ended August 31, 2022, recorded an increase of 61% in total revenues to $595.17 million from $369.32 million reported in 2021. Paramount noted, “This surpasses by 28 percent the previous highest quarter (Q3:21/22) in the Company’s history. During the period, revenue growth strategies employed
October 14, 2022 United States: Fed Is Set to Target Even Higher Rates as Inflation Stays Stubborn Federal Reserve officials are likely to once again raise their outlook for how high they’ll have to lift interest rates following the latest bout of bad inflation news. Several Fed policymakers have said they want to see
October 13, 2022 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for October 12, 2022, was J$15.69. MJE’s last traded price on October 12, 2022 was $13.00. The below graph shows MJE’s Net Asset Value movement since 2019. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
October 13, 2022 Fitch Ratings reduced its credit rating outlook for British government debt to “negative” from “stable”, following the government’s fiscal statement on September 23, 2022. They warned that the sizeable and unfunded fiscal package outlined as part of the new government's growth strategy may result in a material increase in fiscal deficits
October 13, 2022 Eppley Caribbean Property Fund Limited SCC (CPFV) has advised of the purchase of 5,709 CPFV shares during the period October 3 to 7, 2022, under the Company’s Value Fund – Share Buy-Back Programme. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research
October 13, 2022 1834 Investment Limited (1834) has advised that trading in 1834 shares on the Jamaica Stock Exchange will be suspended effective October 25, 2022 (note the final day of trading will be October 24, 2022). The Company has further advised that suspension in trading will facilitate the processing of shareholder payment elections
October 13, 2022 FosRich Company Limited (FOSRICH) has advised that at a meeting of its Board of Directors scheduled to be held on October 25, 2022, a dividend payment will be considered. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer
October 13, 2022 Core US Inflation Rises to 40-Year High, Securing Big Fed Hike Prices excluding food and energy increased 6.6% from a year ago Shelter, food and medical care contribute most to broad rise In September, a carefully watched indicator of US consumer prices increased more than expected reaching a 40-year high, putting pressure
October 13, 2022 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2022, reported a 106% increase year on year in gross operating revenues which closed at $119.96 million compared to the $58.18 million reported the prior year. For the
October 13, 2022 United States: Core US Inflation Rises to 40-Year High, Securing Big Fed Hike A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. https://www.bloomberg.com/news/articles/2022-10-13/core-us-inflation-rises-to-40-year-high-securing-big-fed-hike Europe: The
