Date: August 30, 2019 Fontana Limited recorded a 8% increase in revenues to total $3.70 billion compared to $3.42 billion for the same period in 2018. Revenue to the quarter rose 15% to close the fourth quarter at $593.86 million (2018: $515.73 million). Cost of Sales for the year increased 12%, closing at $2.38 billion,
Date: August 30, 2019 United States: U.S. Personal Spending Increased More Than Forecast in July “U.S. personal spending accelerated in July, exceeding forecasts and indicating household consumption remained solid at the start of the third quarter and will continue as the economy’s dominant growth engine. Consumer outlays for goods and services, which account for about
August 29, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the new Governor, Mr. Richard Byles, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 0.50% effective August 28, 2019. According to the Governor, “Bank of Jamaica’s decision to cut
Date: August 29, 2019 Income increased by 5% to $651.16 million relative to the $617.40 million recorded for the corresponding nine months period the prior year. Other operating income also increased for the period under review, growing 4% to $27.76 million relative to $26.77 a year earlier. Income for the third quarter rose 9% to
Date: August 29, 2019 Jamaican Teas Limited (JAMT) has advised that a Director sold 210,916 JAMT shares during the period August 27 to 28, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure,
Date: August 29, 2019 Lasco Financial Services Limited (LASF) has advised that two connected parties purchased a total of 177,590 LASF shares and that a Senior Manager sold 240,000 LASF shares. These transactions were conducted during the period August 20 to 23, 2019. Company Disclosure -The information contained herein has been obtained from sources believed
Date: August 29, 2019 United States: U.S. Second-Quarter Growth Revised Down to 2% Pace From 2.1% “U.S. economic growth decelerated in the second quarter by more than initially reported, with stronger consumer spending offset by weaker readings across other categories that suggest President Donald Trump’s trade actions are weighing more heavily on the pace of
Date: August 28, 2019 RJR Gleaner Communications Group Annual General Meeting (AGM) was held today August 28, 2019. The meeting began with opening remarks from the new Chairman, Joseph Matalon who started the proceedings by the usual welcoming and introductions. Chief Executive Officer (CEO), Mr. Gary Allen, began his presentation with a review of the
Date: August 28, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 34,651 MIL shares on August 27, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or
Date: August 28, 2019 Jamaican Teas Limited (JAMT) has advised that a Director sold 98,800 JAMT shares during the period August 23 to 26, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure,
