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10 08, 2018

Real Earnings – July 2018

2018-08-10T19:33:54-05:00

August 10, 2018 The Bureau of Labour Statistics reported that, “Real average hourly earnings for all employees were unchanged from June to July. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.2 percent increase in the Consumer Price Index for all Urban Consumers (CPI-U).” The report mentioned that

10 08, 2018

The only Jamaican stock you need to own

2018-08-10T17:42:54-05:00

August 10, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye  on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph

10 08, 2018

DTL announces entry into definitive agreement to purchase the entire shareholding of Woodcats International Limited

2018-08-13T12:59:51-05:00

August 10, 2018 Click link below for more details. DTL Press Release Front row, l-r: Christopher and Andrene Collings, Directors of Woodcats International, join Gary Peart, CEO of Mayberry Investments and Derrick Cotterell, Chairman and CEO of Derrimon Trading, in showing the signed sale agreement. Back row, l-r: Tracy- Ann Smith and Stephen Collings, both

10 08, 2018

Overseas Headlines- August 10, 2018

2018-08-10T13:03:33-05:00

Date: August 10, 2018  United States: U.S. Consumer Prices Rise; Core Posts Biggest Gain Since 2008 U.S. consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008, underpinning expectations that the Federal Reserve will raise interest rates next month. The consumer-price index rose 0.2 percent

9 08, 2018

Proven reports 58% increase in three months net profit attributable to shareholders

2018-08-09T23:06:52-05:00

Date: August 9, 2018  Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the three months ended June 30, 2018 reported interest income of $7.21 million, a 5% or $333,400 increase when compared with the $6.87 million reported for the same period in 2017. Interest expense for the period amounted

9 08, 2018

FOSRICH’s net profit soars to $60.65 million for the first six months

2018-08-09T23:04:57-05:00

Date: August 9, 2018 Fosrich Company Limited (FOSRICH), for the six months ended June 30, 2018, reported turnover which grew 5 % year on year, to close the period at $592.29 million compared to the $564.49 million for the same period last year. For the second quarter the company posted an increase of 19% in

9 08, 2018

SALF Reported 116% Increase in Nine Months Net Profits

2018-08-09T22:06:29-05:00

Date: August 09, 2018 Salada Foods, for the nine months ended June 30, 2018, recorded a 22% increase in turnover for the nine months to close at $748.70 million (2017: $612.80 million). For the third quarter revenue amounted to $266.43 million (2017: $208.42 million), a 28% rise. The company highlighted that, “Domestic sales through our

9 08, 2018

Daily Market Summary August 09, 2018

2018-08-09T20:33:12-05:00

Daily Market Summary 09.08.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

9 08, 2018

Gas Price Movement – August 09, 2018

2018-08-09T20:27:59-05:00

Brent Oil Brent oil prices decreased by 1.65% or US$1.21, as prices fell this week. Oil traded on August 9, 2018 at a price of US$72.19 per barrel relative to US$73.40 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.25% (JMD$0.35). Additionally,

9 08, 2018

The Employment Situation – July 2018

2018-08-09T20:23:51-05:00

August 09, 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 157,000 in July, and the unemployment rate fell to 3.9%. Job growth occurred in professional and business services, manufacturing, and health care and social assistance.” Household Survey Data According to available seasonally adjusted data, in July, there was decrease

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