Supreme Ventures Limited (SVL)has advised that the Company signed the deal with the Government of Jamaica for the acquisition of the operations of Caymanas Track Limited (CTL) on Friday, February 10, 2017. SVL submitted its bid in September 2015, and was approved as the preferred bidder on March 15, 2016. Supreme Ventures’ tenure as the
Scotia Group Jamaica Limited (SGJ) has advised that Mrs. Jacqueline Sharpe, President and Chief Executive Officer and Head of Caribbean Central and North, has resigned effective October 31, 2017. Mr. David Noel, currently Deputy CEO, will replace Mrs. Sharp as her successor effective November 1, 2017.
Berger Paints Jamaica Limited (BRG) has announced that it had received an Offer Document from Ansa Coatings International Limited addressed to all shareholders of BRG offering to purchase all of their shares in BRG. The Offer opens on September 7, 2017 and closes on September 28, 2017 unless the closing date is extended by notice.
Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party sold a total of 6,000 CPJ shares during the period August 31 to September 4, 2017. CPJ further advised that a connected party purchased 10,035,000 CPJ shares on September 4, 2017.
SGJ has advised that at a Board of Directors’ meeting scheduled for September 13, 2017 a dividend payment will be considered.
Jamaica Broilers Group (JBG) has advised that at a Board of Directors’ meeting scheduled for September 27, 2017 a dividend payment will be considered.
GraceKennedy Limited (GK) has advised that a Senior Manager sold 5,000 GK shares on August 31, 2017.
Scotia Investments Jamaica Limited (SIJL) has advised that at a Board of Directors’ meeting scheduled for September 12, 2017 a dividend payment will be considered.
SOS reported six months revenue of $431.79 million relative to 353.48 million in 2016 a 22% increase, while for the second quarter revenues amounted to $211.603 million up 24% compared to the $171.05 million reported in the corresponding period of 2016. The company’s cost of sales totaled $223.60 million up 24% relative to the $180.65
U.S.: U.S. trade gap edges up; deficit with China at 11-month high The U.S. trade deficit increased less than expected in July as both exports and imports fell, suggesting that trade could contribute to economic growth in the third quarter. The Commerce Department said on Wednesday the trade gap rose 0.3 percent to $43.7 billion.
