U.S.: Drop in U.S. Housing Starts Shows Industry May Weigh on Growth Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. HIGHLIGHTS FROM HOUSING STARTS (MAY) Residential starts decreased 5.5% to a 1.09m annualized rate (est. 1.22m), the weakest since September Starts in
Jamaica Public Service Company Limited (JPS) has advised that its Board of Directors have approved a ground breaking hybrid energy storage solution, which pending approval from the Office of Utilities Regulation (OUR) will be the first of its kind in the Caribbean. The innovation will help to secure grid stability and reliability, in the face
JPS has also declared a dividend of US$0.2342465753 per share payable on June 30, 2017 to Class F Preference shareholders on record as at June 22, 2017. The ex-dividend date is June 20, 2017.
C2W Music Limited (MUSIC) has advised that its Annual General Meeting has been scheduled for 10:30 a.m. on December 2, 2017 at the Windward Suite, Knutsford Court Hotel, 11 Ruthven Road, Kingston 10.
Key Insurance Company Limited (Key Insurance) hosted its first annual general meeting since listing on the Jamaica Stock Exchange on June 14, 2017. The company’s managing director, Sandra Masterton outlined three pillars of Key Insurance; flexibility, competitiveness and strong reinsurance support. Flexibility Ms. Masterton noted that Key Insurance offers five different insurance plans which allow
Jamaica Stock Exchange (JSE) has disclosed that on May 10, 2017, Mr. Wentworth Graham filed an application in the Supreme Court for leave to apply for judicial review of the alleged failure of the Minister of Labour and Social Security to refer to a dispute to the Industrial Disputes Tribunal. The dispute concerned Mr. Graham's
Supreme Ventures Limited (SVL) has advised that a connected party sold 50,530 SVL shares on June 12, 2017.
U.S.: Slowing U.S. Consumer Inflation May Sow Fed Doubt on Prices A greater-than-expected deceleration in U.S. consumer-price inflation in May could give some pause to Federal Reserve officials as they consider further interest-rate increases, Labor Department figures showed Wednesday. HIGHLIGHTS OF CPI Consumer-price index fell 0.1% m/m (est. unchanged) following 0.2% rise in prior month
Scotia Investments Jamaica Limited (SIJL) has advised that on June 8, 2017 it received a formal written proposal from its parent company, Scotia Group Jamaica Limited to consider and, if thought fit, initiate a Scheme of Arrangement to take SIJL private by cancellation of the shares held by all the minority shareholders at a price
Scotia Group Jamaica Limited (SGJ) has advised that it has made a written proposal to Scotia Investments Jamaica Limited to take it private by way of Scheme of Arrangement through the cancellation of all the minority shareholders’ shares at a price of J$38.00 per share. Further details may be accessed via the following link: https://www.jamstockex.com/wp-content/uploads/2017/06/SCOTIA-GROUP-Press-Release-June-12-2017.pdf
