Consolidated Bakeries Jamaica, which trades as Purity, will add a snack bar to its lineup, one of the new product innovations the company is attempting to reinforce its recent sales growth. By tapping into market preferences, the baked-goods...
NCB Capital Markets Limited is raising $3.19 billion through an offer for investors to seed a new a real estate fund with a portfolio of tenanted assets that include NCB bank branches and car parks. The offer has been on the market for a week and...
The largest shareholder in Dolla Financial, First Rock Private Equity, FRPE, has seen a tenfold increase in the value of its investment in the microlender a year after its acquisitions. FRPE purchased 75 per cent of Dolla Financial Services Limited...
Express Catering Limited, ECL, will increase its store count from 24 to 31 at the Sangster International Airport this year, fuelled by US$8 million in funding. “We invested in the new food court and upgraded other areas. We anticipate that...
Luxury auction and realty brand Sotheby’s International has registered a real estate firm in Jamaica, official data from the Companies Office of Jamaica indicates. The island is set to become the latest country to carry the brand, which operates in...
Last Wednesday, Scotia Group Jamaica paid out about $1.7 billion to shareholders; and Sagicor Group Jamaica was expected to follow on May 6 with a distribution of about $1.2 billion. Scotia’s distributions made it through the door just two days...
GraceKennedy Limited wants to buy controlling interest in Key Insurance Company at nearly half the stock’s current trading value. But the takeover offer at $2.01 per share would equal the price paid last December when the conglomerate first...
Proven Investments Limited, PIL, says it plans to raise $4 billion (US$30 million) in its additional public offer of shares in the company, or APO, funds it will use to acquire new assets and finance ongoing projects. It’s the second company in...
Marco’s Pizza, described as one of the fastest-growing American pizza brands, aims to grow its network in the region by entering five markets, including Jamaica. The company wants to launch some 50 stores in regional markets in five years. Buoyed...
Issa Construction, headed by realtor Andrew Issa, will be developing a $300-million commercial complex at Hope Road in Kingston, the former location of his realty firm. The realtor says he plans to create an entity similar to a real estate...
New Fortress Energy earned the bulk of its US$50 million in quarterly sales, which translates to about J$7 billion, from its Jamaican operations, the size of which is about to grow with the addition of a new power plant at Jamalco to its energy...
Proven REIT began pitching its latest residential development to prospective buyers at the weekend, with starting prices of $21 million for the smallest studio units. The project, slated for Braemar Avenue in New Kingston, is to be called VIA....
Shares in Fontana Limited led market gains for the first nine months of the year, owing in part to the anticipation of its new flagship store, which is scheduled to open today, Wednesday. The pharmacy company, which trades under the FTNA symbol,...
Private equity firm Proven Investments Limited will sell at least half its stake in Access Financial Services to finance acquisition of more shares in JMMB Group during its pending offer to the public, the Financial Gleaner understands. Failure to...
Natural gas supplier New Fortress Energy, NFE, which operates in Jamaica and the region, plans to develop data centres near to its power plants to serve technology giants. “At the end of the day, we are supposed to be developing data centres next...
Jamaica may need to add 1.0 gigawatts of power over the next two decades, which would double the current estimated energy output. The new load will include cleaner fuels, such as liquefied natural, LNG, gas and renewables, such as wind, solar and...
The new and fortified competition in the insurance sector is not too big a worry for market leader Sagicor Life, according to the leadership of the parent company Sagicor Group Jamaica. In fact, it is the rival operators that should be concerned...
The extension of the runway at the Sangster International Airport and associated works are scheduled to start in the final quarter of 2019, but the extension requires the acquisition of lands held by Sandals Resorts International. Negotiations for...
Gaming conglomerate Supreme Ventures Limited, SVL, is acquiring Jamaica’s largest sports bookmaker, Any Bet, which would result in SVL controlling around 90 per cent of the market. Any Bet is the trading name for Post to Post Betting Limited and is...
A financing deal struck between Jamaica’s NCB Financial Group and large shareholders of Guardian Holdings Limited, GHL, is turning out to be an impediment to the Jamaican banking conglomerate’s takeover of the regional insurance giant based in...
The Jamaica Stock Exchange (JSE) has struck a deal with the tech-heavy Nasdaq exchange in the United States that will allow local brokers to short-sell or profit from falling stock prices, while also trading international stocks. On Monday, the two...
