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Businessuite Magazine Top 10 Jamaican CEOs for 2015

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The following table represents the Businessuite Magazine Top 10 CEOs and their companies.

This ranking represents the best leaders who have delivered solid results and kept businesses in the Caribbean region growing. They are also recognized for being instrumental in the growth of Caribbean companies, as well as for “creating jobs, maintaining profitability for their shareholders, applying corporate governance and transforming” the region.

To ensure we placed them all on the same base, all figures were converted to US$ based on the exchange rates for the respective central banks as at December 31st 2014.

Qualifiers for the 2015 Ranking of the Top 100 Caribbean CEOs were first determined using a minimum of US$500,000 in profits for the year in review. Based on this ranking, only 67 of the 100 companies qualified.

The group was further ranked based on their % growth in after tax profits 2014 over 2013. Of the 100, only 30 qualified based on this ranking.

In some instances the high percentage change represents risks that were taken by the company resulting in massive increases in profits.

The tables represent the financial information for the companies during the 2014./ 2015 Financial Year.

Top 10 Jamaica

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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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