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Sagicor’s Sigma Run Raises Record $43 million

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The Jamaica Cancer Society, Black River Hospital and children with cancer across the island are now recipients of J$$43,14,738.00 million raised through the 2016 Sagicor Sigma Corporate Run which took place on Sunday.

According to Sagicor’s Vice President of Group Marketing, Ingrid Card, the company will now be able to purchase the mammography machine for the Cancer Society’s mobile unit to conduct breast cancer screenings in the most rural areas of Jamaica. “The Black River Hospital will also get some crucial equipment needed for its Paediatric unit and we will be able to assist with life-saving equipment and supplies for children with cancer across the island”.

In its 17 year history, Sigma Run has raised approximately J$166 million for child and health care facilities in Jamaica.

Sagicor Sigma Corporate Run maintains its rank as the largest 5k road race in the Caribbean and is one of the largest charitable movements locally.

Approximately 24,000 registrants amassed just under 300 corporate, non-corporate, tertiary, high and primary school teams and individuals who signed up to Walk, Run or Wheelchair.

Scotiabank won the award for the largest corporate tea.

Ricardo Nuncio of Desnoes & Geddes Foundation took the executive run award; while the corporate run male team was presented to Wilfred Wilson of the Urban Development Corporation with the female corporate Run team title going to Gianna Anderson of the University Of The West Indies.

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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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