Caribbean Cement Company Limited beat expectations when it tripled first-quarter profit in results released on the weekend, and the market has rewarded the company with a record stock price near $80. Earnings per share at the cement maker...
The Ministry of Finance in Trinidad and Tobago approved a licence for NCB Financial Group’s acquisition of Guardian Holdings Limited, GHL, with ‘best wishes’ for the parties to a transaction that has buy-in from shareholders but has been held up by...
Proven Wealth Limited has launched a platform that allows Jamaican investors more options to live-trade US stocks at cheaper prices, becoming the second local broker known to offer such services. “Customers are demanding this,” said Johann Heaven...
Jamaican households are servicing three times more debt than a decade ago. The Bank of Jamaica (BOJ) is reporting that $56.60 of every $100 of household income goes towards the servicing of personal loans, the highest level mapped by the central...
The David Boxer auction held earlier this month provided a snapshot of the state-of-art investment in Jamaica, with just half the nearly $20 million worth of pieces on sale finding buyers. The auction saw the unlocking of 101 works by a series of...
Whim Development Company Limited, whose two directors are attorney Hugh Hart and businessman Albert Donaldson has proposed to develop over 875 houses in a gated community in Old Harbour, St Catherine. It would become the latest development along...
The Government is aiming to raise $5.5 billion from the initial public offering (IPO) of Wigton Windfarm, which operates wind turbines in Manchester. Concurrently, lead broker Mayberry Investments has indicated that it has priced the stock at $0.50...
Wigton Windfarm Limited, which operates wind turbines in Manchester and has refinanced US$49 million of its debts at lower rates in preparation for listing on the Jamaica Stock Exchange (JSE), will be growing its footprint by constructing solar...
Playa Resorts reported profit for its December 2018 year end which reversed losses a year earlier, but the stock still trades below the price at the time it acquired all-inclusive properties owned by Sagicor in Jamaica. Playa’s stock received some...
The Jamaica Stock Exchange (JSE) has suspended trading in the Sweet River stock but the loss-making meat company’s management said they expected to get it reinstated right away. The JSE suspended trading of SRA shares on March 4, because the ...
Coffee processor Salada Foods Jamaica Limited is offloading its spice company, which sold compressed pimento leaves to flavour the fire for jerk meats but has been idle since 2017. Salada owns 70 per cent of Pimora Company Limited, whose net assets...
Energy company New Fortress Energy LLC, whose liquefied natural gas holdings are largely deployed in Jamaica to date, plans to raise US$300 million from its initial public offering of shares covering 12 per cent of the company. The American gas...
Jamaica-based NCB Financial Group (NCBFG) has indicated that its consolidated revenues with Trinidad-based Guardian Holding Limited (GHL) would surpass US$1.5 billion, or just under J$200 billion, provided GHL shareholders accept the offer now...
Investment company Eppley Limited, which provides financing for businesses, has become the first company to transition from the junior market of the Jamaica Stock Exchange (JSE) to the main market in a move described as net positive.Eppley's...
Aphria Inc, a cannabis company based in Canada, is defending its purchase of regional assets, including operations in Jamaica, following claims by outside investors that the assets are largely hollow.The Jamaican operation, known as Marigold, is led...
Seeking to quell market fears, chairman of Sagicor Real Estate X Fund, Richard Byles, said the billion-dollar loss reported in the September quarter was not an indictment of the company's performance, but rather reflected a dip in the price of Playa...
Gary Matalon, CEO of the KLE Group, which operates the Tracks & Records restaurants co-branded with partner Usain Bolt, is more upbeat about the franchise, based on better than expected sales at the first foreign casual diner now operating in London...
Third-generation coffee farmer Lloyd Tomlinson is involved in a regional deal that sees his new marijuana company Marigold Limited being partially acquired by Aphria Limited of Canada, according to stock market filings.Marigold will set up five herb...
Local coffee exporters returned from Japan this month without any indication of pricing or deals from the large trading importers, which puts the US$25 million industry at a near standstill at least until Christmas.At the same time, the sector is...
The maker of Tru-Juice, Trade Winds Citrus Limited, sold $3.3 billion worth of goods to exclusive distributor Wisynco Group, according to financial disclosures made by the latter company to the market.Trade Winds is now ramping up exports with a...
Express Catering Limited, which operates various food franchises at Sangster International Airport, tripled its annual profit even without much help from the latest addition to its portfolio, that of Starbucks coffee.Express Catering has "...
Total revenues at Jamaica's largest airport, Sangster International, increased six per cent to US$52 million over six months to June, based on an analysis of disclosures by controlling partner Grupo Aeroportuario del Pacifico (GAP). The intake...
