Recently listed Junior Market company GWest Corporation Limited has released its first quarterly reporting since listing on the Jamaica Stock Exchange in December 2017. Reporting reduced revenues of JA$21.6 million for their quarter ending December 2017 compared to $24.3 million in 2016, Director Konrad Kirlew, said this 16% reduction was due to lower sales of […]
More than 560 of KFC’s 900 UK restaurants were shut on Monday in one of the worst logistics failures of recent years. The fiasco followed a breakdown of a new supply contract for chicken with delivery network DHL. “Getting fresh chicken out to 900 restaurants across the country is pretty complex,” the company said.
The TCL Group is reporting that with respect to the financial performance of the Group, the unprecedented series of storms that impacted part of their eastern Caribbean market during the last quarter of the year, as well as the economic downturn in Trinidad and Tobago, led to the decrease of revenue by 9% on a […]
John Lee chairman of 138 Student Living Jamaica Limited, is reporting that the Group recorded a 56% decrease in net profit after tax of JA$4.9 Million for the quarter ended December 31, 2017 compared to first quarter of 2016. Commenting in just released unaudited consolidated financial statements, he indicated that revenue for the current quarter […]
• The company now ranks fifth in the electronics industry, up three places on 2017. • This latest accolade reflects Schneider Electric’s commitment to innovation and sustainability, and the meaningful purpose provided to employees. • Schneider Electrics operates in over 100 countries around the world including Jamaica and other Caribbean Islands. Schneider Electric, the leader […]
Retail sales in the U.K. barely grew in January, with the 0.1 percent monthly increase, far below analyst expectations. The Office for National Statistics said that sector is in the grip of a longer-term slowdown. There are signs that Brexit uncertainty is starting to bite elsewhere, with job losses starting to hit the auto workers, […]
The Directors of General Accident Insurance Company are disappointed with their December 2017-year end underwriting loss, even as they remain tentatively optimistic that their underwriting performance this year will improve given projected business mix, tightened underwriting process and indication that rates are beginning to trend up. Reporting to Stockholders in their unaudited financial statements, Managing […]
GraceKennedy Group has confirmed by way of a notice to The Trinidad and Tobago Stock Exchange that Signia Financial Group Inc. is exploring a potential merger with Globe Finance Inc., this pursuant to a non-binding Letter of Intent signed by the company’s respective shareholders. GraceKennedy Group has a 40% interest in Signia Financial Group which […]
The Directors of the JMMB Group have announced that the Group posted net profits of J$2.58 billion, closing the period with earnings per share of J$1.56 for the nine months ended 31 December 2017. The JMMB Group also posted net operating revenue of J$12.28 billion, representing an 11% growth when compared to the prior period, […]
Dara Khosrowshahi plans to expand into buses, bikes and all forms of transportation, he said at a conference, outlining his long-term vision for Uber for the first time since being named chief executive last August. “Cars are to us what books are to Amazon,” he said — a reference to Amazon’s origins as a bookseller.