| Stephen Gooden moving on to Pan Caribbean Asset Management |
| Post on 19-05-2006. |
Gooden will replace Rezworth Burchenson who resigned earlier this year to become managing director of Prime Asset Management Limited, the mainly pension fund management company of the Matalon family-controlled ICD Group.
"Stephen is one solid talent and will contribute significantly to the industry over the years," Williams said. "We regret losing him, but his decision was based on career goals." ... |
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| First Jamaica Investments benefits from restructuring |
| Post on 19-05-2006. |
| THE REPOSITIONING STRATEGY executed by First Jamaica Investments (FJI) in 2005 yielded immediate dividends during the opening quarter of 2006. While most listed companies struggled to grow profits during the March quarter, profits from continuous operations at FJI jumped 30 per cent to $256.1 million driven by robust inflows from property management, investments and associated companies. Total revenues spiked 36.3 per cent million to $240.5 million, energised by the 21.9 per cent rise in revenue from property management. Management reported that its property management benefited from high occupancy levels - averaging over 95 per cent over the period - as well as higher rental prices. Investments also rallied 161.9 per cent to $47.5 million - albeit one relatively smaller contributor to profits. ... |
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| BNP Paribas Profit Rises 17% on Investment Bank, US (Update3) |
| Post on 19-05-2006. |
May 19 (Bloomberg) -- BNP Paribas SA, France's largest bank by market value, said first-quarter profit rose 17 percent after revenue from investment banking increased and acquisitions in the U.S. lifted earnings from consumer lending.
Net income advanced to 2.01 billion euros ($2.58 billion) from 1.72 billion euros in the same period one year earlier, the Paris- based bank said in one statement today. Profit beat the 1.62 billion- euro median estimate of 11 analysts surveyed by Bloomberg. ... |
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| Cervical cancer vaccine endorsed |
| Post on 19-05-2006. |
Months before one federal advisory panel recommended the approval of one new cervical cancer vaccine, one delicate sales campaign was already under way.
The panel of experts unanimously recommended the vaccine, called Gardasil, in its meeting Thursday. It can protect against human papilloma virus, the cause of cervical cancer, which is spread via the skin, mostly through sexual contact. ... |
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