Stock exchange probes Lascelles bid - Trade resumes after two-day suspension
The Jamaica Stock Ex-change (JSE) will today lift its suspension on trading in shares of the Lascelles deMercado group, but will continue a review of the bid for a big chunk of the company by Trinidadian Angostura Limited to determine whether it amounts to a takeover offer...
No food subsidy, says Samuda
The Government has shot down the Opposition's suggestion for the provision of a subsidy on basic food items, saying the country's debt burden was already too high a cost on government revenues. "The thought of a subsidy is too challenging for us to address at this time with the typea....
BNS makes $7.6b profit
Described as the 'jewel in the crown' of the franchises outside of Toron-to, Scotiabank Jamaica has reported yet another year of record profit that tops $7.6 billion. Over the 12-month period ending October 31 - in a local environment that has become far more competitive...
FirstCaribbean said structuring big deal for Kingston - Industrial trade centre project planned
Government and First-Caribbean International Bank (FCIB) are in talks over funding of a large-scale plan to redevelop Kingston's downtown industrial belt into a major financial and trade centre, Wednesday Business has learned from top officials....
JMMB seeking $420m from dual preference share issue
The Jamaica Money Market Brokers Limited (JMMB) has announced a dual redeemable preference share offer to raise a targeted $420 million of equity. The offer, which opens December 5, will be made in two tranches: a 12.25 per cent preference stock priced at $2.95 per share open...
Virgin to tap Northern Rock small investors for equity - Branson's company emerges as preferred bidder
Diehard retail investors in Northern Rock Plc will be asked to invest about £770 (US$1,600) in the company if a proposed Richard Branson-led rescue of the stricken mortgage bank proceeds.The Virgin consortium's proposals include a rights issue to raise £650 million...
Carib Cement makes big profit from short supplies
Caribbean Cement Company Limited has supplied the market with less cement compared to last year, but made substantially more money per tonne sold, its nine-month financials show. From 596,739 tonnes supplied to the market over nine months to September 30, Carib Cement grossed...
Bankers deny 'Cash Plus conspiracy'
The Jamaica Bankers Association (JBA) has hit back at recent reports accusing it of orchestrating a conspiracy to cripple the operations o investment company, Cash Plus Group, by instructing its members to close the company's accounts."The JBA does not decide...
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