The Financial Gleaner understands that the wording of a set of loans totalling $1 billion and issued through the Jamaica Mortgage Bank, JMB, was at the centre of the separation of former Managing…
Category: Business & Economy
Stocks Round Up | Mayberry Jamaican Equities today’s top performer
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday marginally clawing back lost ground. The active trading ended with an advance/decline ratio of 41/46. The JSE Combined Index advanced by 1,659.59 points or…
Saudi oil giant Aramco announces US$121b profit
Saudi oil giant Aramco reported that it made US$121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company’s second highest ever…
Wigton stock buffeted in heavy trading ahead of ownership cap removal
Wigton Windfarm Limited will remove its 10 per cent cap on individual ownership in two months, but already, investors are repositioning with heavy share transactions, the most robust of which occurred on Thursday…
Coffee and water don’t always mix
Recent rains have led to nearly $500 million in lost coffee crops. Farmers lost up to 30 per cent of their beans, which were often too fat to hang on to the tree…
Wigton primed but not ready yet with turbine replacements
Wigton Windfarm Limited, whose energy operations was been built out in three phases over time, has got on extension on its power supply contract with Jamaica Public Service Company, JPS, while it works…
Regency looking towards a better year two
More than a year after its listing on the stock market and a more than one-third spike in annual sales revenue, Regency Petroleum Company, RPL, is bullish on business in 2024 amid expansion….
Stocks and the elections
Investment company Mayberry foresees a “sexy” stock market emerging by year end, based on government’s enlarged budget, which the company’s officers describe as positioning for the general election. “We now have a clear…
JetBlue, Spirit end merger plan after a federal judge blocked the deal
JetBlue Airways and Spirit Airlines are ending their proposed US$3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares. JetBlue said…
