Board Appointment: Wigton Windfarm Limited (WIG)
Date: January 22, 2020 Wigton Windfarm Limited (WIG) has advised of the appointment of Earl Barrett as Managing Director of the Company effective January 20, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report. Company Disclosure -The information contained herein has
Jamaica’s Unemployment Rate for October 2019 fell to 7.2%
January 22, 2020 Total employed labour force increased by 29,200, in October 2019 compared to October 2018, with the unemployment rate amounting to 7.2% as stated by the Statistical Institute of Jamaica (STATIN). Of the 29,200 increase in the labour force, employment of males rose by 10,600 to 682,800, while for females an increase of 18,600 to 565,600. primarily in ‘Public Administration & Defence; Compulsory Social Security’. Female employment increased by 18,600 to 565,600 females mainly in the “Hotels & Restaurants Services’. The increase in the number of persons employed stemmed from, “More persons employed in “Public Administration & Defence;
Special Advisory: GraceKennedy Limited (GK)
Date: January 21, 2020 GraceKennedy Limited (GK) has announced plans to further strengthen and expand its Financial Division through an offer by the holding company, GraceKennedy Financial Group Limited (GKFG), to acquire general insurance entity, Key Insurance Company Limited, a company listed on the Junior Market of the Jamaica Stock Exchange. The offer follows the acquisition, in December 2019, of 15% of Key Insurance’s shares. In pursuing ownership of the entity, GraceKennedy intends to limit its share acquisition to not more than 80%, so that Key Insurance will remain listed on the Junior Market. The offer will be open for