Home Managing Editor

Managing Editor

Softbank Urges Uber To Focus On Recovering Market Share In US And European Markets.

Uber’s largest shareholder has called for the ride-hailing company to focus on recovering market share in the US and growing in European markets. Rajeev Misra, a board director of Japanese technology conglomerate SoftBank — which becomes Uber’s biggest shareholder on Friday — told the Financial Times that the transportation group had a faster path to […]

Eppley Acquires Fortress Caribbean Property Fund

Eppley Limited (EPLY) has announced an agreement pursuant to which Eppley Fund Managers, a wholly owned subsidiary of EPLY, will assume all investment management and advisory responsibilities for Fortress Caribbean Property Fund Limited SCC (‘the Fund’). Under the agreement , Eppley Fund Managers Limited will acquire the unlisted common shares of the Fund now held […]

Gopro Shares Slump As CEO Nicholas Woodman Slashes Pay To $US1

In a sign of troubled times ahead, camera maker GoPro has decided to cut 20 per cent of its global workforce. GoPro is planning to re-structure through a US$80 million cost-cutting program, which will see least 255 employees lose their jobs to achieve a headcount of “fewer than 1,000 employees worldwide”. The company will also […]

Carillion, UK’s Second-Largest Construction Company Collapses Into Receivership.

The UK’s second-largest construction company has collapsed into receivership. Carillion’s position is particularly sensitive for the UK government. The company employs 43,000 people — including nearly 20,000 in the UK — and holds many government contracts, from building hospitals to managing schools. British ministers are facing tough questions about why they awarded Carillion $2bn worth […]

Younger Buyers Showing Less Interest In Owning Cars Than Older Generations

Automakers have gathered in Detroit this week for the US industry’s big show of the year, after a 2017 where sales topped 17m vehicles domestically for the third year in a row — marking the best three-year stretch in the motor industry’s history. But there are warnings of tougher times on the road ahead as […]

Zuckerberg Announces Sweeping Changes To Facebook Platform

Facebook’s Chief executive Mark Zuckerberg has announced sweeping changes to the platform, pledging to help users have more meaningful social interactions by prioritizing posts from friends and family. But the changes come at the expense of those from publishers as Mr. Zuckerberg said users would see less public content like posts from businesses, brands and […]

Gray’s Pepper Products Sells 33.3 % Stake To GK Investments Limited

Gray’s Pepper Products Limited, one of Jamaica’s largest processors of seasonings and sauces has sold a 33.3 per cent stake in the company to GK Investments Limited, a subsidiary of GraceKennedy Limited. A family-owned and operated business, Gray’s Pepper has been led by Andrew Gray, the company’s Managing Director since 1995 and will continue in […]

Proven Investments Enters Agreement To Acquire 100% Of Licensed Security Dealer With Offices Throughout Caribbean Region.

Proven Investments Limited has advised that it has entered into an agreement to acquire 100% of the common equity of a licensed security dealer with offices in Cayman and throughout the Caribbean Region. The offer which is subject to regulatory approval within the various jurisdictions, will see full disclosure provided after the relevant approvals have […]

3 New Starbucks Locations To Generate Substantial Revenues For Express Catering -Dear

The Ian Dear led Express Catering Limited has released its Q2 2018 Interim Financial Statements reporting revenues of US$3.06 million for the quarter, a more than 20% improvement for the period. Net profit for the quarter came in at US$544,623, compared to US$37,093 for the same quarter in the prior year. Revenue for the six […]

Kodak Uses Blockchain To Create Kodakone Platform For Digital Photography With Own Digital Currency Kodakcoin

Shares in Eastman Kodak Co, the photography company that has struggled to keep pace with changing technology, surged after the 129-year-old group announced it was launching a blockchain business. Kodak said it has used blockchain, the technology underpinning popular digital currencies such as bitcoin, to create a new platform called KodakOne for digital photography with […]