Business

FIFA president Gianni Infantino attends the Women’s U20 World Cup final soccer match between Spain and North Korea in Lodz, Poland, on Sunday, September 27.
Updated 8 hours ago

World Cup delivers $776m sales bump for Supreme Ventures

Supreme Ventures Ltd made the bulk of its rise in revenue from sports betting tied to the football World Cup. Executive Chairman Gary Peart had predicted as much in April, telling investors the gaming group would earn from the biggest event on the sports betting calendar. “Total gaming income increased by $1.23 billion, driven primarily by a World Cup-fuelled $775.6-million increase in Sports Betting gross ticket sales,” Supreme Ventures said in its financials. On the company’s own framing, the tournament accounts for the greater part of that increase.

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A view of the plant operated by Caribbean Cement Company Limited, a subsidiary of global building materials corporation Cemex, which recently spent US$42 million on the expansion to grow capacity at the Rockfort, Kingston-based complex. The debottleneck pr
04 Nov, 2026 0

Carib Cement profit falls 1/3rd in third quarter, warns staff about El Niño

Caribbean Cement Company, majority-owned by Mexico based Cemex, sold more cement in the September quarter, but a planned shutdown of its kiln furnace pushed production costs higher, resulting in lower…
Cecil Foster, managing director of FosRich Company Limited
04 Nov, 2026 0

FosRich sees opportunity in rebuild

Chief Executive Officer Cecil Foster told shareholders at the company’s annual general meeting that FosRich Company Ltd intends to supply the island’s rebuild. “We want to be in the reconstruction…
Poly Pet
04 Nov, 2026 0

Poly Pet outlook cut as bottle maker faces first bond repayments

Jamaica’s largest plastic bottle manufacturer has had the outlook on its $800-million bond lowered to negative by regional ratings agency CariCRIS, which warned that Poly Pet Company Limited may not…
Business
04 Nov, 2026 0

Mayberry swings to $1.57bn quarterly profit on stock market rebound

Mayberry Group Ltd returned to profit in the September quarter, posting $1.57 billion attributable to shareholders against a loss of $751.4 million a year earlier, as Jamaica’s recovering stock market…
04 Nov, 2026 0

Elite shares dropping towards buyout offer price

Resource Assets Ltd, a St Lucia-registered company, has offered to buy all of Elite Diagnostic Ltd’s issued ordinary shares at $1.60 each or less than its trading price but roughly equivalent to its…
Ma’aden Alumina Refinery.
04 Nov, 2026 0

Alcoa profit doubles from gains

Alcoa Corp’s third-quarter profit more than doubled from a year earlier as it benefited from mark-to-market gains rather than an improvement in the core business. “During the third quarter, we ...…
Pieter Engelbrecht, CEO of the Shoprite Group.
04 Nov, 2026 0

Shoprite, largest African retailer, sales hit record US$16.3b; hiring slows

Shoprite Holdings lifted sales 7.2 per cent to R270.8 billion (US$16.3 billion) in its 2026 financial year and raised its dividend almost 12 per cent, but South Africa’s largest food retailer created…
James Alix Michel is former president of the Republic of Seychelles.
04 Nov, 2026 0

When the young stop waiting: Europe’s Gen Z is sending us all a message

This autumn I have found myself watching the evening news from Europe with a growing sense of recognition. Not of the tear gas or the burning barricades, which I deplore, but of the faces. Teenagers…
A Ryanair Boeing 737 MAX takes off from Lisbon airport in January 2023.
04 Nov, 2026 0

Ryanair CEO anticipates European airfare prices up as much as 20% next year as jet fuel prices rise

The CEO for Ryanair expects European plane ticket prices may climb as much as 20 per cent next year with the conflict in the Middle East ongoing. “So we’re facing 2027 where we have much higher oil…