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Tag Archives: stocks

  1. CWC/Columbus Merger Finalized; Strong REGIONAL TELECOMMUNICATIONS Provider Emerges

    Cable and Wireless Communications, Plc (CWC) revealed it has completed its US$1.85 billion acquisition of 100% of the equity of Columbus International Inc. ūüôĀ “We expect the operating synergies to be significant; together, the new merged company creates the opportunity to invest more, grow faster, and provide an improved customer experience and, most importantly, a […]

    March 31, 2015Featured, TechnologyNo comments
  2. Barbadian Investment Expert calls for harmonisation across Caribbean’s stock markets

    A leading Barbados-based fund manager has returned from an international finance and investment forum in Trinidad and Tobago after making a call for the harmonisation of securities regulations and stock market trading across the region. Chief investment officer at Fortress Fund Managers, Peter Arender made this call as part of the opening panel of the […]

    March 30, 2015Business, FeaturedNo comments
  3. Fortress offers exclusive investment option to its clients who own Massy shares

    Fortress Fund Managers, a leading fund manager, has announced an investment option for its clients who own shares in Massy Holdings Limited. This opportunity comes after Massy Holdings Limited (Massy) recently announced its intention to delist its shares from the Barbados Stock Exchange. In correspondence sent to its clients on February 16, Fortress made the […]

    February 22, 2015BusinessNo comments
  4. Digicel Welcomes Stance Taken by ECTEL in relation to proposed acquisition of Columbus by Cable and Wireless

    Digicel welcomes the confirmation by the Eastern Caribbean Telecommunications Regulatory Authority (ECTEL) how the proposed merger between Cable and Wireless Communications (CWC) and Columbus Communications Inc. (Columbus) is a matter of significant public interest for the region deserving of rigourous regulatory attention and diligent review. ECTEL just announced its ‘deep concern’ in relation to the […]

    November 21, 2014Featured, TechnologyNo comments

    Prime Minister of the Bahamas, Perry Christie, has again come to the defense of International Financial Centres (IFC’s) in the Caribbean stating that the regimes are far more robust than the ones that exit in countries that continue to fight offshore financial services in the region. In the opening address to delegates attending the 3rd […]

    April 8, 2014Business, TravelNo comments
  6. Columbus International Inc. closes US$1.25 mil. Bond Offering, setting stage to fund continued Caribbean-Latin America expansion plans

    Columbus International Inc. (“Columbus“) today announced that on March 31, 2014 it closed the issuance of a US$1,250,000,000 offering of senior unsecured notes. The notes were issued with a 7.375% coupon, priced at par and will mature in 2021. A portion of the proceeds of the offering was used to retire US$640,000,000 senior secured 11.5% […]

    April 8, 2014BusinessNo comments
  7. Barbadian Growth Fund Exceeds Market Performance Average

    Sagicor Asset Management Inc. (SAMI) reported a return of 8.48% for its Sagicor Select Growth Fund making it the best performing growth fund for the period January to December 2013. This return compared favourably with the local industry’s average return of 5.25% for growth funds. The Sagicor Select Growth Fund is invested primarily in a […]

    March 2, 2014BusinessNo comments
  8. Movie Mixology: Oscar Edition (2014) – The Wolf Of Wall Street “Money Maker Cocktail”

    Recipe: – martini glasses – lighter – 2 small plates – shaker – ice – shot glass for measurement – 1 1/2 oz Bailey’s Irish Cream – 1 1/2 oz Butterscotch Schnapps – 3/4 oz Goldschlager – 1 tbsp Rum – powdered sugar for rim 1. Fill one plate with water, and one with powdered […]

    February 27, 2014Business, Cinema, Video GalleryNo comments
  9. RBC to sell its Jamaican banking operations

    Royal Bank of Canada revealed it entered into a definitive agreement to sell RBC Royal Bank (Jamaica) Limited and RBTT Securities Jamaica Limited (collectively “RBC Jamaica“) to Sagicor Group Jamaica Limited. The transaction is subject to customary closing conditions, including regulatory approvals and is expected to be finalized in the coming months. “RBC has operated […]

    February 2, 2014BusinessNo comments
  10. HBO DEBUTS COMEDY FILM “CLEAR HISTORY” – Original comedy from HBO Films, starring Larry David & Jon Hamm, premieres November 30th in the Caribbean

    HBO Latin America announced the premiere of Clear History, the feature-length comedy from HBO Films, on November 30th in the Caribbean. The comedy follows Nathan Flomm (Larry David), a marketing executive at a start-up electric car company who, after a petty argument with his boss (Jon Hamm), gives up his 10 percent of the shares. […]

    November 24, 2013Cinema, Events, Video GalleryNo comments

    Digicel Group – which operates in 30 markets throughout the Caribbean, El Salvador and the South Pacific – reported revenues of US$2.78 billion which represents an 8% year on year increase in revenues. EBITDA (earnings before interest, tax, depreciation and amortisation) was up 11% year on year to US$1.2 billion for the full year with […]

    June 30, 2013Business, TechnologyNo comments

    Light & Power Holdings Ltd. (LPH) would like to make the following clarifications based on an item published in another section of the media yesterday: The profit of BDS $44.5 million in 2012 attributed to Barbados Light & Power Company Ltd is the profit of parent company, Light & Power Holdings (LPH) and is based […]

    June 15, 2013Business, TechnologyNo comments
  13. Royal Fidelity’s new entries with the BSE allows Barbadians to forge new Wealth Management other than regular savings

    Royal Fidelity just listed two funds on the Barbados Stock Exchange; Royal Fidelity Investment Funds TIGRS Series A2 and A3. These were the third and fourth issues of a series of TIGRS (TIGRS is an acronym for ‚ÄúTotal Index-Linked Global Return Securities‚ÄĚ). Royal Fidelity‚Äôs TIGRS series of mutual funds allow investors to participate in the […]

    September 21, 2012BusinessNo comments
  14. Cheng + Volcker = (inverted) Goldman Sachs? When profits on Marginal bonds go septic, what price profit? #finance #stocks #paulvolcker #chengsiwei #speculative #bonds

    It seems the Central Bank of Barbados despite certain “Inverse Economics” the other day has its collective finger on the planetary financial pulse; two ‘sold–out‘ {sic: both were open to public} performances from financial gurus respected everywhere imaginable… The first draw was Paul Volcker, known to be an adviser for more than one administration of […]

    March 21, 2012Business, EditorialNo comments