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Scotiabank to focus on internal operations for 2016

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9 years ago

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President and CEO of Scotia Group, Jacqueline Sharp says for 2016, the company will place its focus on improving its operational efficiency and managing the talents of its employees.

Speaking during Wednesday’s session of the JSE’s 11th Regional Investor’s Conference, Sharp said last year the company focused on “growing our core businesses by delivering the right financial solutions to our customers, while seeking opportunities to continually optimize our operations”.

This focus allowed the company to realize many of its goals including achieving a net income of $10.13 billion and total revenues of $36.5 billion

Sharp says the company results reflect a disciplined approach to strategy execution; and the benefits of a diversified business model.

She says going forward, the company will focus on growing revenue, focusing on customers, improving operational efficiency and developing the talents of employees.

Sharp says rising operational costs and increased compliance requirements are pushing the need for Scotiabank to become better organized.

She says the company will review its processes, operating structure and network to deliver services more efficiently.
The CEO says in relation to talent management, the company intends to “provide for continuous training and upgrading of skills to ensure we have the most qualified and professional team serving our customers and building the bench strength for the future”.

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

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8 years ago

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November 24, 2016

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JSE Online Trading Platform

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8 years ago

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November 24, 2016

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

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9 years ago

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July 11, 2016

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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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9 years ago

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June 27, 2016

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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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9 years ago

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June 27, 2016

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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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