Date: July 27, 2018 National Commercial Bank Financial Group (NCBFG) for the nine months ended June 30, 2018 reported a Net Interest Income increase of 15%, relative to the corresponding period in 2017, to total $25.42 billion (2017: $22.19 billion), “resulting from volume growth in the loan portfolio and the consolidation of Clarien’s results”, Management noted.
Date: July 27, 2018 tTech Limited (tTech) for the six months ended June 30, 2018 booked a 35% increase in operating revenues for the period to $145.25 million compared to $107.83 million for the corresponding period last year. Revenue for the quarter rose 47% from $51.25 million in June 2017 to $75.44 million. Cost of
Date: July 27, 2018 United States: Trump Predicts Data Will Show U.S. Economy in ‘Terrific’ Shape President Donald Trump predicted data on Friday will show the U.S. economy is in “terrific” shape amid forecasts that growth topped 4 percent in the second quarter, the fastest since 2014. Speaking at a steel mill in Granite City,
Date: July 26 ,2018 BOJ Modernisation As Jamaica aims to maintain fiscal discipline and macroeconomic stability, recently appointed Minister of Finance and Public Services, Honourable Dr. Nigel Clarke, announced the implementation of Jamaica’s second pillar, the modernisation of the Bank of Jamaica (BOJ). He highlighted today that this particular decision of institutional reform stemmed from
Brent Oil Brent oil prices increased by 3.03% or US$2.19, as prices increased this week. Oil traded on July 26, 2018 at a price of $74.51 per barrel relative to US$72.32 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.21% (JMD$0.28). Additionally,
July 26, 2018 Sagicor Group Limited (SJ) SJ has advised that a connected party sold 6,000 SJ shares on July 24, 2018.
July 26, 2018 KLE Group Limited (KLE) has advised that Mr. Kevin Robinson who was the General Manager for Tracks and Records Montego Bay has resigned from the company effective July 21, 2018.
July 26, 2018 Barita Investments Limited (BIL) has advised that by letter dated July 19, 2018, Cornerstone Investments Holdings Limited (“Cornerstone” or the “Offeror”) notified the Board of Barita Investments Limited (“Barita” or the “Company”) that it was making an offer to the shareholders of Barita for 100% of the issued shares of the Company.
July 26, 2018 Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on July 25, 2018 the Directors declared an interim dividend of $0.16 per stock unit and a special dividend of $0.11 per stock unit to be paid out of accumulated profits on August 30, 2018 to stockholders
Date: July 26, 2018 Caribbean Cement Company’s (CCC) AGM was held today July 26, 2018 and was hosted by Mr. Parris A. Lyew- Ayee, chairman of Caribbean Cement Company who commenced by the usual welcoming and introductions. This was shortly followed by the independent auditor’s report. From the director’s report, it was highlighted that turnover
