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Somers Ltd generated net income of $15.5 million in the last three months of last year, helped by a strengthening of the UK pound. The Bermudian-based financial-services holding company, which owns Bermuda Commercial Bank, reported strong results acr...

Somers Ltd, the financial-services investment holding company that owns Bermuda Commercial Bank, said yesterday that it repurchased 600 of its own shares during December. The average cost was $14.50 per share, the company said in a filing with the Be...

Somers Ltd, owner of Bermuda Commercial Bank, said net income fell nearly 40 per cent to $19.4 million for the year ended September 30. The financial-services holding company with interests in the UK, Australia and Ireland said BCB had made a $1.1 mi...

Somers Ltd reported a $6 million profit for the quarter ended June 30. The financial-services investment holding company, which owns Bermuda Commercial Bank and holdings in the UK and Australia, said it had benefited from currency fluctuations during...

As part of a drive to remove debt from its balance sheet, Somers Ltd has increased the volume of its issued shares by more than 50 per cent since the end of March. That includes two significant transactions involving its major shareholders that resul...

Somers Ltd has announced the surprise sale of its entire investment in Britain’s Ascot Lloyd Holdings. The price of the transaction has not been disclosed, however Somers held a 51 per cent controlling stake in independent financial advisers Ascot Ll...

The weakness of the UK pound was the major factor driving the owner of Bermuda Commercial Bank to a $10.7 million loss in the fourth quarter of last year. Somers Ltd, a Bermuda Stock Exchange-listed financial services holding company, said more than ...

Financial services holding company Somers Ltd notched up net income of $32.3 million for the year ended in September. Net asset value of the company’s shares stood at $18.66 at year end, up 5.2 per cent on the $17.74 recorded the previous year, the c...

Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million. The Bermudian-based company announced it had agreed to acquire a 79 per cent stake in Resimac f...

Financial services investment firm Somers Ltd broke even in the third quarter of its fiscal year — down from an $8.6 million profit in the same period of last year. But the firm said that a decline in the UK pound against the dollar amid turmoil in B...

A French banker is the new CEO of the Bermuda Commercial Bank. Hubert Esperon joined BCB earlier this month after more than two years in charge of Dutch bank GE Artesia, while also serving as chairman of Aegean Baltic Bank. Alan Gilbertson, BCB chair...

A bid by a family trust to sue the Bermuda Commercial Bank over a $7 million fund has been resolved, the bank said yesterday. The case against the bank and BCB Paragon Trust, and former trust and corporate services division leader Neil de ste Croix, ...