Daily Market Summary 19.07.18 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
July 19, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors held on July 19, 2018, the Directors declared an interim dividend of $0.164 per ordinary share payable to shareholders on record at August 3, 2018 to be paid on August 20, 2018. The ex-dividend date will be
Brent Oil Brent oil prices decreased by 2.82% or US$2.10, as prices fell this week. Oil traded on July 19, 2018 at a price of $72.32 per barrel relative to US$74.42 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.49% (JMD$0.67). Additionally,
Date: July 19, 2018 Jamaica Stock Exchange Limited (JSE) ,for the first six months ended June 30, 2018 recorded total revenue of $665.92 million, a 39% increase when compared to the $477.65 million booked the prior year’s corresponding period. For the second quarter the company reported a 34% increase in total revenue to close the quarter
July 19, 2018 According to Eurostat, seasonally adjusted production in the construction sector increased in the Euro Area by 0.3% and in EU28 by 1.2% as at June 2018 compared to May 2018. However, in April 2018, construction production reported growth of 1.4% in the Euro Area while EU28 grew by 0.8%. Annual comparison by
Date: July 19, 2018 United States: Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’ Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market. The Federal Open Market Committee, the Fed panel
Daily Market Summary 18.07.18 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
July 18, 2018 GraceKennedy Limited (GK) has announced a round of restructuring activities starting July 2018. The Company has advised that it is taking a close look at overall organizational design, cost structure, and business processes at all levels to achieve sustainable efficiency, greater agility and revenue growth. GK has contracted a third party consulting
July 18, 2018 Ciboney Group Limited (CBNY) has advised that Finsac’s attempt in April 2018 to sell its 72% shareholding in the company was aborted and hence the prospect of achieving a change of ownership within the first quarter of the new financial year cannot now be achieved. Finsac has advised that it intends to
Date: August 31, 2018 Ciboney Group Limited (CBNY) presented the audited results for the year ended May 31, 2018 which higlighted financial income for the period totalled $1.72 million up from the $154,000 reported for the comparable quarter in 2017. Financial income for the quarter amounted to $39,000, a gross increase of 88% relative to
