Mayberry to raise $360m - Preference share issue opens Oct 17
Shrugging off its failed bid for Salada, Mayberry Investments Limited has moved on to its next project, a rights issue of redeemable preference shares.The offer opens October at $3 per share. The buy price is 15 cents below the prevailing market price on the ordinary stock units.
Azan US$20m Montego Bay complex opens in November - MegaMart enters tourist city
Gassan Azan will open his third club store under the MegaMart brand in Montego Bay in November, marking completion of a shopping complex that represents investment of US$20 million.The price tag is US$2 million higher than the US$18 million price that Azan had quoted...
Mayberry fails in Salada bid - Lewis' stake remains 60.23%
Mayberry Investments Limited flatly refused to go public with the size of the take-up on its $40.08 per share offer for Salada, but indications are the company was snubbed by holders of the coffee stock. Meantime, the company's stock price has fallen closer to its starting position...
Cash Plus getting ready to be licensed in Jamaica, says Hill - But FSC says no application made
Cash Plus boss Carlos Hill has said his company was on course to be licensed as a dealer in securities, but the Financial Services Commission (FSC) has brushed the claim aside saying the process would have had to be kick-started by an application...
Carib prepared to battle EU in court over sugar - Otherwise committed to EPA agreement by year-end
The European Union's decision to scrap its 32-year-old sugar pact with African Caribbean and Pacific (ACP) states could wind up in court, with Guyana advising that it was prepared to join with Cariforum countries in a legal face-off with the 27-member bloc....
ACE expands into watersports equipment - Hi-Pro lands exclusive dealerships
The Hi-Pro division of Jamaica Broilers Group, known more for its marketing of animal feeds and farm supplies, has landed the exclusive dealership for three watersports brands.The company's ACE Superstore, which has diversified beyond agriculture into equipment and hardware...
Jamaica losing out on timeshare market
Jamaica has virtually locked itself out of the timeshare market, because of delays in putting legislation in place to guide property developments and protect the interest of investors, who essentially would be buying into a piece of a vacation complex....
Workers ransom votes for salary settlements ahead of Trinidad election
Trade unions and government-paid workers in Trinidad and Tobago are threatening to withhold their votes from the ruling party if their outstanding salary negotiations are not completed before the November 5 general election...
C&W in US$40m deal with Nokia - To strengthen Caribbean wireless infrastructure
Cable and Wireless International and Nokia Siemens have closed a US$40 million deal to deliver wireless network services to the Caribbean region.The two companies have joined forces to design a core network solution that will provide full wireless...
COMMENTARY - Financial prudence, and questions about lessons learned
Should I write this piece on the financial sector meltdown with apologies? Should I write this piece at all? Is the subject of any material import or interest at this time? Have we learnt our lessons? Perhaps I should, particularly because of continuing efforts to avoid culpability....
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