SALADA bid battle - Stock skyrockets on takeover rivalry
Mayberry Investments Limited has increased its takeover offer for Salada Foods Limited to $40.08, saying yesterday that it upped the price Monday ahead of the coffee company board's recommendation that shareholders reject its original bid. Mayberry, chaired by Chris Berry...
Jamaica on sale: Air Jamaica, hotels slash rates to boost business - American Airlines matches airfare cut
To stimulate sluggish fall sales, Air Jamaica has slashed airfares from North America by up to 50 per cent. Several local hotels quickly followed with reduced rates in a concerted bid to attract more tourists to the island. How much new business the price strategy...
We're safe, say insurance companies - 'Dean' claims won't unbalance industry
Jamaica's insurance providers are reporting that they have weathered Hurricane Dean, saying the level of claims to date has posed no challenge to their liquidity.Sector players were not as willing to make a call on how premiums would be impacted in the year ahead, but suggested...
Gamblers luck a drag on SVL profit - 'Dean' expected to curtail fourth quarter earnings
Supreme Ventures Limited lost five days of sales in August and September, an average of $50 million per day, for which the gaming company has blamed the general elections, the storm, and intervening public holidays. The company's spokeswoman told the Financial Gleaner...
Petrobas wants a piece of Petrojam - Amaral
Brazil's Petrobras has signalled it is ready to strike a deal on Petrojam, notwithstanding that preference has already been given to rival oil giant Venezuela's PDVSA to buy into the state energy company. "Even though it was not discussed, Petrobras would still be open to discussion...
China's US$500m gesture
China is offering half a billion dollars to Chinese private sector companies as incentive to expand their footprints to the Caribbean, a development one senior official described as a lucrative opportunity to be exploited for the region. Barbados Deputy Prime Minister Mia Mottley...
New JLP administration seen as 'pro-growth, market-friendly'
Bear Stearns upgraded its recommendation on Jamaican bonds from underperform to market perform September 5, reaffirming the position less than two weeks later in a signal of confidence in the new political administration. The recommendation was mainly on technical grounds...
Mt Rosser Bypass to loop into bauxite territory - Toll point at Russell Pen
Bouygues Travaux Publics design of the new Mount Rosser Bypass will loop traffic further east and into bauxite territory in a radical reshaping of the highwa an environmental report on the project released last week shows. Once built, the road will be tolled with the collection....
Diageo keen to buy Absolut vodka
British drinks giant Diageo Plc, the parent company for Red Stripe, is "very interested" in buying Sweden's Absolut vodka valued at US$6 billion, and Chief Executive Paul Walsh says he can see solutions to any possible anti-trust problems that arise....
That $70 barrier: Perception vs rationality and the forex rate
The $70 barrier has been broken. Unlike Concorde's supersonic speed, however, this is nothing to celebrate. Informed opinion during election campaigning seemed of the view that at season's end things would settle. Perhaps they have. But a simultaneous development...
|
