Business

Business
Updated 1 hour ago

Oil explorer raises £500,000 to fund Ja push

United Oil & Gas Plc has raised £500,000 (J$105 million) from two unnamed institutional shareholders to shore up its working capital as the London Stock Exchange (LSE)-listed oil explorer advances efforts to secure a partner for its Walton-Morant licence offshore Jamaica.

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Business
Updated 1 hour ago

Francis Wade | The Fifth Rung: Why companies that win at innovation already know where they’re going
As a lead innovator in your company, you are committed to helping your C-suite become inspired by novel offerings. These can help secure a brighter future, but creating them is easier said than done.…
Business
Updated 1 hour ago by Carolyn Guniss

Trading in Kintyre, Atlantic shares halted over overdue audited financials
The Jamaica Stock Exchange (JSE) suspended trading in the shares of two Junior Market companies, Kintyre Holdings Ltd, and Atlantic Hardware & Plumbing Company Ltd, effective July 1, after both…
Business
Updated 1 hour ago by Neville Graham

Institutions to redeploy Scotia proceeds slowly, favouring fundamentals
Fund managers are likely to wait, rather than rush to reinvest funds following Scotia Group Jamaica’s pending exit from the Jamaica Stock Exchange (JSE). Most of the funds will flow from…
Business
Updated 1 hour ago

JSE Summary
Friday’s trading session the following reflects the movement of the JSE Indices: - The JSE Combined Index advanced by 2,395.32 points ( 0.67 %) to close at 362,064.28 points and the volume traded…
Business
Updated 1 hour ago

Harvard professor with alien theories picked to lead Trump administration UFO council
A polarising Harvard astronomer known for splashy theories about alien visits has been tapped by the Trump administration to lead a team of outside scientists to study the national security risks…
Business
Updated 1 hour ago

OpenAI film ‘Artificial’, dropped by Amazon, finds a new home with Neon
Luca Guadagnino’s starry film called Artificial, about Sam Altman and OpenAI, has been acquired by the indie distributor Neon after it was dropped by Amazon MGM Studios. Neon said Tuesday that it…
Business
Updated 1 hour ago

US stocks trim their losses for June
The S&P 500 gained 0.8 per cent, though it still fell to its first losing month following two fabulous ones. The Dow Jones Industrial Average added 136 points, or 0.3 per cent, to its record, and…
July 3, 2026

Petrojam absorbs US$156,000-a-day loss after gas unit shuts down in April
Jamaica’s sole oil refinery suffered an unexpected shutdown of its gasolene production unit in April, racking up an estimated US$3.6 million (J$550 million) in production losses over 23 days and…
July 3, 2026

Largest insulin distributor in Jamaica posts gain on acquisition
Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…