Royal Bank of Canada (RBC) expands Caribbean footprint - Acquires RBTT for US$2.2 billion
Royal Bank of Canada signalled on Tuesday it will likely expand RBTT's operations in Jamaica and Trinidad, while representatives of its new acquisition moved to assure workers that there would not be a rush to cut jobs. RBC, in a combination cash-and-shares deal...
Business, consumer confidence up in pre-election survey - Expected change of government cited
Business and consumer confidence surged in the third quarter, just ahead of the national elections, Professor Richard Curtin said Tuesday, on expectations of either a change in government or a shift in policy. The elections were held September 3....
Broilers renegotiates ethanol supply price - Warns biofuel subsidiary may lose US$3m in second quarter
Tumbling ethanol prices in the United States forced the Jamaica Broilers Group (JBG) to renegotiate prices with raw, material suppliers in Brazil in September. Having wrapped up those talks, successfully, the company has now issued a profit warning to investors to expect profits....
Mitchell to join DB&G, as Gary Sinclair exits
Lissant Mitchell, formerly of Pan Caribbean Financial Services, will be replacing Gary Sinclair at Dehring Bunting and Golding, Wednesday Business has confirmed. Mitchell, whose title will be senior vice-president of treasury, will be given wide responsibility to oversee....
Marcus Steele returns to Carreras as finance director
Carreras Limited has installed a new head of finance, Marcus Steele, who took up his posting Monday, in what is now his second Jamaican rotation at the tobacco company. He succeeds Nigerian, Reynaldo Callejas, who departed Carreras on September 30, as finance director and company secretary....
Mayberry extends Salada cash offer
Mayberry Investments Limited has extended its cash offer for 51 per cent of Salada's shares by one week, saying the company's shareholders may require additional time to make an informed decision. The $40.08 per share bid will now close this Friday, October 5....
Jamaica Livestock Association (JLA) predicts another loss-making year as grain prices mount
Jamaica Livestock Association's (JLA) pre-tax losses of $12 million were largely the result of spiralling costs for corn, soybeans and wheat on the international market, the company has said. Its losses after tax was $13.46 million - a wide swing from $11.7 million of profit....
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