Michelle Chong CEO of Honey Bun (1982) limited is reporting in the company’s just released unaudited financial statements for the nine months ended 30th June, 2017, a 43% reduction or JA$97 million in profit before tax. Profit before taxes for the quarter was $8 million; $31 million less than in the prior year. An overall […]
Average Earnings Of FTSE 100 Chief Executives Dropped 17 Per Cent To $4.5m In 2016,
The chief executives of Britain’s biggest listed companies saw their pay fall on average by nearly £1m last year, following pressure from investors and politicians over the generous packages. The average earnings of FTSE 100 chief executives dropped 17 per cent to $4.5m in 2016, according to an analysis by the Chartered Institute of Personnel […]
Travis Kalanick Uber CEO On Leave Of Absence Without A Firm Return Date
Travis Kalanick Uber Technologies Chief Executive Officer and co-founder is to take a leave of absence, without a firm return date, this following a slew of scandals, including allegations of harassment, discrimination and an aggressive culture. Uber’s board met Sunday to review a detailed version of a report by Eric Holder, former U.S. attorney general, […]
Delivered Another Quarter Of Strong Operating Results And Showed Profitable Growth Despite An Uncertain Economic Environment – Brown
Chief Executive Officer of Barbados Based FirstCaribbean International Bank Limited Gary Brown is reporting net income of US$37.2 million for the second quarter of the fiscal, US$2.9 million or 8% above the second quarter’s net income of US$34.3 million a year ago. Overall, the Bank delivered another quarter of strong operating results and showed profitable […]
Derrimon Trading Ends Quarter With Consolidated EPS Of 15 Cents Up From 13 Cents – Cotterell
Derrick Cotterell Chairman and Chief Executive Officer of Derrimon Trading Company Limited is reporting marginal improvements in the company’s three months results. Revenue from core activities totaled $1.438 billion a mere 2.3 % over the $1.406 billion reported for the corresponding period in 2016. With the addition of the subsidiary, the revenue for the quarter […]
Planning Institute Of Jamaica Projecting BPO Sector To Grow By 1.5% In Financial Year 2016/17.
The performance of the Jamaican construction sector is used as a gauge for assessing activities in the real estate sector, this according to Rohan Miller, Chief Executive Officer for Sagicor Real Estate X Fund Limited. Addressing shareholders in the company’s just released financial results for the three months ended 31 March 2017, he indicated that […]
ISP Finance Services Post Favourable EPS 46 cents For 2016
Dennis Smith, Chief Executive Officer of ISP Finance Services Limited is crediting the increased confidence in the economy, combined with a favourable EPS performance of 46 cents, as factors driving the Company’s share price from $2.00 at March 30, 2016 upon listing on the Jamaica Stock Exchange’s Junior Market upto $8.50 at December 31, 2016. […]
Barclays Bank, Chief Executive Officer Jes Staley, Reprimanded For Trying To Uncover The Identity Of An Internal Whistleblower
Barclays Bank, Chief executive officer Jes Staley, has been formally reprimanded, is facing sanctions and will be hit with a very significant cut in his bonus for trying to uncover the identity of an internal whistleblower. The British bank which has spent much of the past five years attempting to repair its reputation after the […]
Blackberry’s Chief Executive Officer John Chen Surpassed His Target Of US$640 Million In Software Revenue For Fiscal 2017
BlackBerry’s Chief Executive Officer John Chen surpassed his target of US$640 million in software revenue for fiscal 2017 as the company transitions from a phone company and finally starting to look like a real software company. Three years of acquisitions, layoffs and trying to convince customers it could do more than build smartphones, has paid […]
The Marriage Would Provide Greater Access, Security And Simplicity For People Around The World To Remit Funds – Jing
Eric Jing, Chief Executive Officer at Ant Financial, the digital payments arm of e-commerce giant Alibaba announced today that their takeover of US-based MoneyGram has been approved by MoneyGram’s board of directors. Ant Financial with more than 630 million will pay US$880 million for MoneyGram which has over 350,000 outlets in 200 countries including Jamaica. […]