Sun | May 28, 2017

Stories by Steven Jackson

Published:Sunday | May 28, 2017 | 5:00 AMSteven Jackson

Heineken International now controls nearly 96 per cent of Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, but may be willing to buy up the rest...

Published:Friday | May 26, 2017 | 5:00 AMSteven Jackson

Desnoes & Geddes Limited, operating company for the Red Stripe Jamaica brewery, will invest €12 million or about $1.7 billion this year in order to develop a...

Published:Wednesday | May 24, 2017 | 5:00 AMSteven Jackson

Digicel was initially a partner with Chris Dehring in the company that will operate new subscriber service, ReadyTV, but that relationship ended years ago.Now the two companies will vie in the same market when ReadyTV formally launches into business...

Published:Wednesday | May 24, 2017 | 5:00 AMSteven Jackson

A plan first announced two years ago to expand the cruise port of Falmouth to accommodate two of the world's largest ships simultaneously is to be executed this year, pending approval from the planning authority.It will require the dredging and...

Published:Friday | May 19, 2017 | 5:00 AMSteven Jackson

Kingston Properties Limited (KPREIT), which earns from commercial and residential real estate investments, is now eyeing Michigan, Georgia, and Texas for further incursions into...

Published:Friday | May 19, 2017 | 5:00 AMSteven Jackson

Trade Winds Citrus Limited (TWC) will show off a new production line at the end of the month, a new investment that marks the company's entry into the manufacture of dairy products...

Published:Wednesday | May 17, 2017 | 5:00 AMSteven Jackson

Cable & Wireless Jamaica (C&WJ), which trades as Flow Jamaica, recorded a $533 million net loss for its first quarter, which reversed the profit earned a year earlier. In the wake of those results, the telecom advised customers to expect an increase in their cable bills, effective June 1...

Published:Wednesday | May 17, 2017 | 5:00 AMSteven Jackson

Jamaica Stock Exchange Limited (JSE) reported declining income for its first quarter, but it expects upcoming stock market listings to increase its fee income in the periods ahead.It's the first decline in net income for the operator of Jamaica's...

Published:Sunday | May 14, 2017 | 5:00 AMSteven Jackson

Food and financial services conglomerate GraceKennedy Limited reported $1.14 billion in net profit for the first quarter ending March.Earnings were 28 per cent lower year on year. The decline in profit was due to higher costs in its food and...

Published:Friday | May 12, 2017 | 5:00 AMSteven Jackson

Sagicor Group Jamaica (SGJ) made $2.59 billion net profit for shareholders in its March quarter, or 36 per cent higher profit than a year earlier.The financial conglomerate...

Published:Friday | May 12, 2017 | 5:00 AMSteven Jackson

Starbucks Jamaica this week started the hiring process for three key positions even as it mulls going after permits from Coffee Industry Board (CIB),...

Published:Wednesday | May 10, 2017 | 5:00 AMSteven Jackson

Cable & Wireless Jamaica, which trades as FLOW Jamaica, is shedding customers at a time when its ultimate parent is looking for the business and other subsidiaries in the region to boost their operating cash...

Published:Sunday | May 7, 2017 | 5:00 AMSteven Jackson

Sagicor Property Services Limited will decide by year end whether to sell or develop land it owns at Seymour Avenue located within the upscale zone known as the Golden Triangle, notwithstanding the for sale sign mounted on the property.Sagicor will...

Published:Friday | May 5, 2017 | 5:00 AMSteven Jackson

Portland Private Equity, chaired by Michael Lee-Chin, has poured US$17 million into financing the merger of two iconic restaurant chains in Colombia though its Caribbean Fund II....

Published:Friday | May 5, 2017 | 5:00 AMSteven Jackson

Gas station operators, supermarkets and streetside vendors in six communities are expected to see a reduction in traffic flow as a result of the realignment...

Published:Friday | May 5, 2017 | 5:00 AMSteven Jackson

Mayberry Invest-ments Limited experienced a dip in quarterly earnings, even as it made one of its largest gains in trading.The company posted $1.7 million net profit for...

Published:Sunday | April 30, 2017 | 4:00 AMSteven Jackson

National Commercial Bank Jamaica (NCB) reported record profits of $5.87 billion for its second quarter to March 2017, up two-thirds over a year earlier.That equates to earnings per share of $2.39 from $1.47 a year earlier and represents the initial...

Published:Sunday | April 30, 2017 | 4:00 AMSteven Jackson

The Ian Dear-led Express Catering Limited plans to raise capital and has retained the services of investment bank, Mayberry Investments Limited.In a deal signed earlier this month, Mayberry will now act as financial advisor to the Jamaican...

Published:Friday | April 28, 2017 | 4:00 AMSteven Jackson

The Digicel Group generated negative cash flow for its financial year ending March 2017 but is on track to break even by 2020, according to United States-...

Published:Friday | April 28, 2017 | 4:00 AMSteven Jackson

United States-based financial services company Western Union has indicated that it is reviewing a proposed two per cent tax on remittances sent from that country...

Published:Wednesday | April 26, 2017 | 4:00 AMSteven Jackson

Chief executive officer at Tuff Gong International Cedella Marley will be launching a marijuana cookbook, which becomes the latest weed venture by the Marley family.The planned release is set for July 25 this year and demonstrates the quick-fire...

Published:Wednesday | April 26, 2017 | 4:00 AMSteven Jackson

The United States Congress has introduced a bill to impose a fee for remittance transfers to Jamaica and 41 other foreign countries, ostensibly to fund the building of a border wall with Mexico.The bill, entitled Border Wall Funding Act of 2017, is...

Published:Wednesday | April 26, 2017 | 4:00 AMSteven Jackson

Business conditions are good for now but should worsen slightly a year from now, according to business executives in the latest Survey of Businesses Inflation Expectations.The survey stated that the perceptions of present business conditions have...

Published:Sunday | April 23, 2017 | 4:00 AMSteven Jackson

Cash-strapped entertainment company C2W Music Limited has explained that it stopped social media posting for more than two years in order to cut costs at the company.Its website was also down for some time, but that is now back online. The company...

Published:Friday | April 21, 2017 | 4:00 AMSteven Jackson

Shane Whittle, one of several individuals implicated in a 2015 United States Securities and Exchange Commission (SEC) alleged pump-and-dump...

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