Kingston Properties Limited (KPREIT) has advised that the Company has completed the sale of its 20-acre property at Waterworks in Westmoreland, Jamaica. The property was sold for a consideration of $21 million.
Jamaica Producers Group Limited (JP) has advised that a connected party purchased 383,965 JP shares during the period September 19 to 21, 2017.
Europe: ECB's Draghi growing confident about inflation rebound The European Central Bank is growing increasingly confident that inflation will rise back to its target but patience is still needed, ECB President Mario Draghi said on Monday. Draghi singled out currency volatility as a source of uncertainty which requires monitoring and argued that the economy still
GraceKennedy Limited (GK) has announced the retirement of Mr. Douglas Orane as Chairman of the Board of Directors of its subsidiary, First Global Bank Limited (FGB), effective September 19, 2017. GK further advised that effective immediately, Mr. Peter Moses has assumed the role of Chairman of the FGB Board.
Jamaica Stock Exchange (JSE) The JSE has advised that at a meeting of the Board of Directors held on September 20, 2017, Mr. Matthew Hogarth was appointed to its Board of Directors to fill a casual vacancy.
U.S.: Fed's Williams Says 2.5% Funds Rate About the `New Normal' Federal Reserve Bank of San Francisco President John Williams said he expects “gradual rate increases” over the next couple of years, with one possibly as early as December. “The pace at which that happens and exactly the contour of that will depend on how
JMMB Group Limited (JMMBGL) has advised that a connected party sold 145,004 JMMBGL shares on September 18, 2017.
Pulse Investments Limited (PULS) has advised that the Company has engaged the services of NCB Capital Markets Limited to be Arranger and Broker in a bid to raise funds via a rights issue to complete current PULS projects. The rights issue is expected to be completed within the next 60 days.
Jamaica Producers Group Limited (JP) has advised that a connected party purchased 344,905 JP shares on September 19, 2017.
Radio Jamaica Limited (RJR) has advised that Chairman of Radio Jamaica Limited, J. A. Lester Spaulding, advised shareholders at the 69th Annual General Meeting of the Company of his intention to resign from that post later this year. Further information can be found via the following link: https://www.jamstockex.com/wp-content/uploads/2017/09/News-Release-RJRs-69th-Annual-General-Meeting.pdf
