Total revenue grew by 3% amounting to $4.09 billion, up from $3.98 billion reported a year ago. According to the company, “this was netted with the drawdown of clinker and cement valuing $480 million when compared to the same quarter in 2016. Repairs and maintenance was $36 million as a result of routine maintenance of
The Federal Reserve issued its Federal Open Market Committee (FOMC) statement today. Information received since the Board of Governors of the Federal Reserve System last met in June points to further strengthen in the labor market while economic activity has moderately increased since the start of the year. According to the statement, “Job gains have
Consumer confidence in the U.S. moved to a near 16 year high in July amid optimism over the labour market. The Conference Board said its consumer confidence index surged to 121.1 this month from 117.3 in June. The rise in confidence came despite the healthcare impasse in Washington. “Consumer confidence increased in July following a
LASF recorded trading income of $302.68 million; this represented a growth of 27% or $65.2 million compared to the $237.48 million for corresponding period in 2016. Other income amounted to $16.54 million (2016: $23.17 million), a decrease of $6.63 million which resulted in total income of $319.23 million, a growth of 22% compared to the
Kingston: Mayberry Investments Limited (“Mayberry”), lead financial advisor and broker to Express Catering Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 5 July 2017 (the “Invitation” and the “Prospectus” as the case may be), to purchase Sale Shares (the “Shares”), is advising the public that refunds for
Mario Draghi indicated that policy makers at the Central Bank are still waiting for inflation to catch up with the Euro zone economic recovery, pushing back any discussion of winding back stimulus until after summer 2017. “We are finally experiencing a robust recovery where we only have to wait for wages and prices to follow
U.S. All import prices slid 0.2% in June, the second consecutive decline driven by lower fuel prices. Although there was a recorded decline in June, U.S. imports increased 1.5% over the previous 12 months according to the Bureau of Labor Statistics (BLS). The price index for fuel imports declined for the fourth month in a
The inflation rate for the month June 2017 was 0.7 %, following an upward movement of 0.1% in May 2017. The movement was credited to a 1.1% increase in the division ‘Food, Non-Alcoholic Beverages’ which was impacted by flood rains in May. The division ‘Transport’ moved up by 0.4%, while the ‘Housing, Water, Electricity, Gas
Express Catering Limited: – Basis of Allotment of Shares in Initial Public Offering Kingston: Mayberry Investments Limited (“MIL”), lead financial advisor and broker to Express Catering Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 5 July 2017 (the “Invitation” and the “Prospectus” as the case may be),
The Jamaican Economy expanded by 0.1% for the first quarter of 2017 relative to the corresponding quarter of 2016. The growth resulted mainly from improvements in the Services industries which increased by 0.4%. The overall Goods Producing industries posted a decline in the period despite gains by the Manufacturing and Construction industries. The Goods Producing
