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GK Money Services expands to TCI

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Grace Kennedy through Grace Kennedy Money Services (GKMS), now operates in eleven countries across the Caribbean following last week’s reports of the expansion of services to the Turks and Caicos Islands.

With this new market, the Western Union agent now operates in Jamaica, Trinidad & Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla, Montserrat, the British Virgin Islands and the most recent addition, the Cayman Islands in November of last year.

According to the GK CEO and GKMS Caribbean Chairman, Don Wehby, the expansion is aligned with Grace Kennedy’s strategic vision of becoming a Global Consumer Group.

He says the company aims to deliver long term consumer and shareholder value, through brand building and innovative solutions in food and financial services.

GKMS Turks & Caicos will initially have one operating location, ‘Your Choice TCI’, located at Payless Warehouse Limited, 7 Hospital Road in Providenciales.

The company says it plans to add more locations over time.

‘Your Choice TCI‘ will open Mondays to Saturdays from 9 a.m. to 5 p.m.

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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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