Wed | Jun 19, 2019

Stories by Steven Jackson

Published:Sunday | May 14, 2017 | 12:00 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 | 12:00 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:Friday | May 12, 2017 | 12:00 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:Wednesday | May 10, 2017 | 12:00 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 | 12:00 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 | 12:00 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 | 12:00 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:Friday | May 5, 2017 | 12:00 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:Sunday | April 30, 2017 | 12:00 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 | 12:00 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 | 12:00 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 | 12:00 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 | 12:00 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 | 12:00 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:Wednesday | April 26, 2017 | 12:00 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:Sunday | April 23, 2017 | 12:00 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 | 12:00 AMSteven Jackson

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

Published:Friday | April 21, 2017 | 12:00 AMSteven Jackson

Cross-country transport company Knutsford Express Services Limited (KEX) made $54 million net profit in the third quarter ending February 2017, or 95 per cent...

Published:Friday | April 21, 2017 | 12:00 AMSteven Jackson

AMG Packaging & Paper Limited expects its toilet tissue business to generate greater returns with the finalisation of a distribution deal with a major supermarket chain.The company, which makes most of its money from cardboard or corrugated paper...

Published:Wednesday | April 19, 2017 | 12:02 AMSteven Jackson

The Mexican operator of the Sangster International Airport in Montego Bay, St James, the island's busiest, expects three years to elapse before the government starts executing its Vernamfield airport project in Clarendon.Grupo Aeroportuario del...

Published:Wednesday | April 19, 2017 | 12:02 AMSteven Jackson

The JP Tropical Foods Group has announced that it broke ground for the upgrading of an existing building on Retirement Road, St Andrew to accommodate new banana ripening rooms and contemporary offices at a cost of J$120 million.It follows last week'...

Published:Wednesday | April 19, 2017 | 12:00 AMSteven Jackson

Jamaica has improved seven spots to rank 69th in the bi-annual Global Travel...

Published:Sunday | April 16, 2017 | 12:00 AMSteven Jackson

JP Tropical Foods plans to grow its pineapple cultivation by nearly 50 per cent this year.To facilitate speedier processing of the perishable fruit, JP Tropical, a subsidiary of Jamaica Producers Group, will spend $48 million to develop a packing...

Published:Thursday | April 13, 2017 | 12:00 AMSteven Jackson

Fly Jamaica Airways said that the number of passengers choosing the airline increased by nearly a half over the past year allowing the airline to hold its own, according to...

Published:Thursday | April 13, 2017 | 12:00 AMSteven Jackson

Jamaicans are becoming more indebted with their ability to service loans at the worst level in a decade, even after factoring for central bank revisions.Roughly $5.40 of every $10 of household...

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