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Liberty Global in Cable and Wireless Buyout Talks

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There are however concerns that given the history of Cable
and Wireless in the Caribbean and the recent rebranding of
LIME to FLOW, that an acquisition will not be the answer to the
Telecommunication’s provider’s needs. However, according to
Liberty Global Chief Executive Mike Fries, he believes that the
region as a whole requires massive consolidation. Fries says the
region is fragmented, under penetrated and inefficient. He says
“if there was ever a part of the world that would benefit from the
kind of things we do, in terms of bringing rational consolidation to these broadband connectivity platforms, we think this is”.

Meanwhile, regional leaders say they believe it is too early to raise concern. According to Antigua and Barbuda Telecommunications
Minister Melford Nicholas considering the recent results of
Liberty Global’s discussion’s with European company Vodafone,
the news is something the stock market will pay attention to,
but until there is anything concrete, he does not believe there is
cause for alarm.

For more go to www.issuu.com/businessuitemagazine

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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