Stock exchange rules Angostura's bid a takeover - Says offer for Lascelles must be restructured
The Jamaica Stock Ex-change (JSE) yesterday ruled that Trinidadian Angostura's offer ostensibly for 49.24 per cent of the Lascelles deMercado group was in fact a move for a takeover of the company, demanding such a bid. "One has to consider the transaction in its totality...
COK buys Winchester units for $40m - To relocate Half-Way Tree branch
COK credit Union, having disposed of its property at the edge of Half-Way Tree square, is moving the branch it housed to the Winchester Business Centre, which sits a stone's throw away at the corner of Winchester and Hope roads, St. Andrew....
Cemex sells United States assets - As condition of Rinker takeover
Mexico-based Cemex, which owns 20 per cent of Jamaica's Carib Cement Company (CCC), has sold a raft of pre-mixed concrete and aggregate facilities in Florida and Arizona to Ireland's CRH plc, as part of efforts to clear anti-trust hurdles to its US$15.3 billion acquisition ...
Gleaner reports improved profits
Newspaper group the Gleaner Company Limited has improved profits in its third quarter ending September 30, netting $61 million, or earnings per share of 5.1 cents, notwithstanding a heavy tax bill of $60 million. Revenues were up 21 per cent from $1.16...
Jamaica Exporters' Association (JEA) creates certification marks for export products
The Competitiveness Company, a unit of the Jamaica Exporters' Association (JEA), has created four property rights marks for authentic commercial products that will brand them Jamaican on retail shelves worldwide while offering protection against piracy...
Lascelles reports bigger profits
but weak 4.3 per cent growth in 2007
Lascelles deMercado and Company Limited has improved on last year's earnings to hit a new record $2.66 billion of net profit, an increase of $110 million at year end September 30, but the 4.3 per cent growth that it reflected came at a decidedly slower pace ...
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