Sagicor Group Jamaica Limited (SJ) has advised that Mr. Donovan Perkins, President and Chief Executive Officer of Sagicor Bank, has resigned effective September 30, 2017. Mr. Phillip Armstrong, the Deputy CEO, will act as Chief Executive Officer of the bank effective October 1, 2017.
Carreras Limited (CAR) has advised that the following resolutions were considered and passed at the Annual General Meeting of the Company held on September 6, 2017: To adopt the Articles of Incorporation of the Company “THAT the Articles of Incorporaion of the Company be adopted as replacement and substitution for the existing Memorandum of Association
IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 72,773 ROC shares during the period September 5 to 6, 2017.
Salada Foods Jamaica Limited (SALF) has advised that a connected party purchased 186,910 SALF shares on September 4, 2017.
SJ advised that a connected party purchased a total of 304,099 SJ shares and that an Executive and a connected party sold a total of 244,000 SJ shares. These transactions were conducted during the period August 30 to September 4, 2017.
Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
U.S.: Hurricane Harvey boosts U.S. jobless claims to more than two-year high The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market. The surge in claims
The Chairman of the Board of Cable & Wireless Jamaica Limited (CWJ), Mark Kerr-Jarrett, introduced himself to shareholders present at the meeting. He provided positive opening remarks on the firm’s performance, stating, “the continued improvement of our customers experience remains a key imperative for us as we invest and respond to their suggestions. Following
The motion to subdivide the existing ordinary shares into 10 was approved by the majority of Carreras' shareholders, however not without objections by a few shareholders and a discussion regarding the matter. Management indicated that the main objective of the stock split was to improve the liquidity of the stock. Additionally, motions confirming the board,
Sweet River Abattoir & Supplies Company Limited (SRA) has advised of a delay in the submission of its Annual Report 2017 and anticipates that the report will be submitted on Friday, September 15, 2017.
