Date: August 2, 2019 NCB Financial Group (NCBFG) has advised that starting August 1, 2019, Septimus ‘Bob’ Blake will take the lead as CEO of National Commercial Bank Jamaica Limited (NCB Jamaica/the Bank). Blake succeeds Patrick Hylton who has been leading the Bank for the past 15 years. Malcolm Sadler has also been appointed Chief
Date: August 2, 2019 Barita Investments Limited (BIL) has advised that subsequent to the Extraordinary General Meeting, the Board of Directors of BIL on July 31, 2019 passed the following Board Resolution for a Rights Issue to ordinary Stockholders of BIL: “1. The Board hereby approves the issue of up to 116,845,955 ordinary shares (“New
Date: August 2, 2019 GraceKennedy Limited (GK) has also declared an interim dividend of 40 cents per stock unit to be paid on September 26, 2019 to stockholders on record at the close of business on September 6, 2019. The ex-dividend date is September 5, 2019. Disclaimer: Analyst Certification -The views expressed in this research
Date: August 2, 2019 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2019 recorded an increase of 3% in total revenue to total $1.79 billion, relative to the $1.73 billion recorded for the comparable period in 2018. Cost of sales amounted to $1.12 billion (2018: $1.12 billion) for the quarter, a marginal
Date: August 2, 2019 Total nonfarm payroll employment increased by 164,000 in July as the unemployment rate remained unchanged at 3.7%. based on information collected by The Bureau of Labor Statistics (BLS), job growth occurred in professional and technical services, health care, social assistance, and financial activities. Household Survey Data Unemployment rate was unchanged at
Date: August 02, 2019 Grace Kennedy Limited (GK), for the six months ended June 30, 2019, recorded revenue of $51.49 billion for period (2018: $48.37 billion), a year over year increase of 6%. Revenue for the second quarter of 2019 improved 9% to $25.56 billion (2018: $23.46 million). The biggest contributor to the group’s overall
Date: August 2, 2019 IronRock Insurance Company Limited (ROC), for the six months ended June 30, 2019 posted gross premium of $318.55 million relative $282.12 million; this represents a 13% increase year over year. For the second quarter gross premium rose by 56% to total $197.77 million compared to $127.10 million. According to management, “During
Date: August 2, 2019 United States: U.S. Jobs Report to Offer Litmus Test for Fed After Rate Cut “The next U.S. jobs report is more likely to embolden the Federal Reserve to keep this round of interest-rate cuts short and sweet, rather than validate investor views that the economy needs significantly more monetary easing. The
Date: July 31, 2019 Cargo Handlers Limited (CHL) has advised that the Board of Directors of the Company has approved the purchase of equipment, tanker trucks, and petroleum tanks. The Company further advised that the investment of US$900,000.00 will replace aging equipment up to 25 years old and will improve the safety of fuel transportation
Date: July 31, 2019 Ciboney Group Limited (CBNY) has advised that FINSAC’s previous attempts to dispose of its 72% shares in CBNY were aborted and hence it is proposing to again approach the market to invite prospective investors to acquire these shares. CBNY has further advised that in pursuance of this objective, FINSAC intends to
