Guardian Holdings makes $142 million profit
The country’s economy may be in bad shape but Guardian Holdings keeps making money. It hopes to do even better by streamlining its operations and cutting costs by $100 million
While the local economy keeps contracting and the rest of the Caribbean is also in serious economic trouble, Guardian Holdings Limited made a lot of [...]
Beacon earns $216m. premium income
Beacon Insurance did quite well last year. It has branches in six Caricom territories.
The Beacon Insurance Company Ltd, the company founded by the late Aziz “Pipeman’ Hadeed, is another of those companies that can boast that they are making loads of money “despite the decline in the global economy and the resulting [...]
Neal and Massy profits up
The Neal and Massy Group made operating profits in excess of $450 million in the most difficult nine-month period. It is almost as though there is no economic contraction in these parts.
Despite the international economic crisis, Neal and Massy Holdings continues to do well.
According to its financial statements for the nine- [...]
Witco’s profits not going up in smoke
Fewer people are buying cigarettes these days. Have they switched to tobacco?
Less people are smoking cigarettes these days.
That’s the news coming out of West Indian Tobacco Company Ltd (WITCO), the country’s lone tobacco factory.
WITCO couldn’t give a reason for this- whether people are more health conscious or are they turning to marijuana [...]
OCM makes $34 million in first 6 months
Chairman Sir Gollop describes staff cuts as reduction in headcount. The company, however, is still very profitable.
Caribbean Communications Network (CCN0 down on Independence Square, Port of Spain is embarking (if it hasn’t already done so) on a campaign of downsizing its staff while the recent MFO survey shows it ahead of the competition [...]
Asset stripping at C.L.Financial
The conglomerate has been on a borrowing spree over the past couple of years. The new board led by Shaffick Sultan-Khan may have no alternative but to sell assets to pay off a massive debt of $13 billion and the Attorney General, at the same time, will be looking at possible criminal or civil [...]
What is Dr Euric Bobb’s problem?
C.L. Financial shareholders will want to know today the reasons behind the sudden
resignation of Dr Euric Bobb. They will want to know the extent of the conglomerate’s debt and when Angostura will get back on the Stock Exchange.
.The suspension of world brand company Angostura Ltd from trading on the local [...]
Stormy C.L. Financial meeting looms
The Duprey clan led by Kirk Carpenter will ask a lot of probing questions at next week’s C.L Financial shareholders’ meeting. Dr Euric Bobb is out of the picture as chairman.
tThe C.L.Financial transition is certainly not moving smoothly and Wednesday’s rescheduled shareholders’ meeting at the Queen’s Park Oval is expected [...]
Rum Distillers on auction block again
Government will be selling Rum Distillers Ltd. This company helped mash up the UNC in 2001.
Another attempt will be made to sell Rum Distillers Ltd, once the only profitable arm of Caroni Ltd.
However, the prized rum stock, which includes dozens of casks of aged rum, will not be for sale. No reason has been [...]
Roger Hamel-Smith joins the Hadeeds
The man who acted for 18 months as Chief Justice takes insurance in his retirement by joining Beacon. What a catch for Gerry Hadeed!
While the judiciary is in the spotlight with the controversy surrounding retired Appeal Court Judge Stanley John, Roger Hamel-Smith the man who acted as Chief Justice while Sat Sharma was [...]