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1 06, 2018

GENAC experiences an underwriting loss for the first time in recent years

2018-06-01T18:03:07-05:00

Date: June 1, 2018 General Accident Insurance Company Limited (GENAC) Annual Meeting was held today June 1, 2018. For the financial year in review, the Company had a disappointing year closing with an underwriting loss in for the first time in recent years. Despite the underwriting performance, Gross premium moved up from $5.65 billion in

1 06, 2018

RJR posts year end net loss of $41.79 million

2018-06-01T17:07:15-05:00

June 1, 2018 Radio Jamaica Limited (RJR) for the year ended March 31, 2018 recorded revenues of $5.05 billion, 4% lower than the$5.23 billion booked for the prior year. The quarter had a 3% decrease to $1.17 billion (2017: $1.20 million). Direct Expenses fell by 2% to $2.51 billion relative to $2.56 million for the

1 06, 2018

Special Advisory: Jamaica Broilers Group Limited (JBG)

2018-06-01T15:07:32-05:00

June 1, 2018 Jamaica Broilers Group Limited (JBGL) has advised that the Company has entered into an Agreement prior to the 28thday of April, 2018 to lend to JBGL Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35B. A portion of the loan was used to purchase a total of 165,452,446 shares. This

1 06, 2018

Overseas Headlines – June 1, 2018

2018-06-01T12:51:07-05:00

June 1, 2018  United States: Fed’s Brainard Says Gradual Rate Hikes Remain ‘Appropriate Path’ A strong fiscal boost to the U.S. economy at a time of low unemployment suggests a gradual pace of interest-rate increases remains “the appropriate path” to prevent growth from overheating, Federal Reserve Governor Lael Brainard said. “Continued gradual increases in the

31 05, 2018

Gas Price Movement – May 31, 2018

2018-05-31T23:01:59-05:00

Brent Oil Brent oil prices decreased by 1.86 % or US$1.47, as prices fell this week. Oil traded on May 31, 2018 at a price of $77.72 per barrel relative to US$79.19 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.25% (JMD$0.33).

31 05, 2018

ROC expects rapid growth for the next four years

2018-05-31T22:53:01-05:00

Date: May 31, 2018 Iron Rock’s (ROC) Annual General Meeting  was held today May 31, 2018, hosted by Managing Director,  Mr. Evan Thwaites. Mr. Thwaites initiated the proceedings with the director’s report. Subsequent to the report, a review of the financial year 2017 was presented. From the Director’s Report it was highlighted that gross written

31 05, 2018

Daily Market Summary May 31, 2018

2018-05-31T20:15:55-05:00

Daily Market Summary 31.05.18 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

31 05, 2018

Special Advisory: CAC 2000 Limited (CAC)

2018-05-31T19:59:34-05:00

May 31, 2018 CAC 2000 Limited (CAC) has advised that Gia Abraham has assumed her newly appointed position of Chief Operating Officer (COO) effective May 1, 2018, in addition to her role of Director and Company Secretary. CAC further advised that in her new role, Ms. Abraham will be responsible for the daily operation of

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