Berger Paints Jamaica Limited (BRG) has advised that a take-over bid circular was received from Ansa McAL Limited on August 31, 2017. As per the circular, an offer was made for all the shares of the minority shareholders of BRG at a cash price of J$10.88 or USD$0.08485 per ordinary share. The offer opened on
The European Central Bank’s (ECB) Governing Council met yesterday and decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and 0.40% respectively. According to Mario Draghi, President of the ECB, he stated, “Based on our
U.S.: Trump’s Surprise Deal With Democrats Sets Up Christmas Showdown President Donald Trump’s unexpected decision to spurn his Republican allies in Congress by striking a short-term debt-limit deal with Democrats leaves the GOP reeling and lawmakers bracing for a bruising battle in December. Trump’s move undercut GOP leaders in the House and Senate, as well
Sagicor Group Jamaica Limited (SJ) has advised that Mr. Donovan Perkins, President and Chief Executive Officer of Sagicor Bank, has resigned effective September 30, 2017. Mr. Phillip Armstrong, the Deputy CEO, will act as Chief Executive Officer of the bank effective October 1, 2017.
Carreras Limited (CAR) has advised that the following resolutions were considered and passed at the Annual General Meeting of the Company held on September 6, 2017: To adopt the Articles of Incorporation of the Company “THAT the Articles of Incorporaion of the Company be adopted as replacement and substitution for the existing Memorandum of Association
IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 72,773 ROC shares during the period September 5 to 6, 2017.
Salada Foods Jamaica Limited (SALF) has advised that a connected party purchased 186,910 SALF shares on September 4, 2017.
SJ advised that a connected party purchased a total of 304,099 SJ shares and that an Executive and a connected party sold a total of 244,000 SJ shares. These transactions were conducted during the period August 30 to September 4, 2017.
U.S.: Hurricane Harvey boosts U.S. jobless claims to more than two-year high The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market. The surge in claims
The Chairman of the Board of Cable & Wireless Jamaica Limited (CWJ), Mark Kerr-Jarrett, introduced himself to shareholders present at the meeting. He provided positive opening remarks on the firm’s performance, stating, “the continued improvement of our customers experience remains a key imperative for us as we invest and respond to their suggestions. Following
