Hardware & Lumber Limited (HL) has advised that Mr. Rodney Davis has resigned from the Board and Audit Committee of HL effective October 9, 2012.

Pan Caribbean Financial Services Limited (PCFS) has advised that the IPO for K.L.E. Group Limited which opened on Tuesday, October 9, 2012 at 9:00 a.m.was oversubscribed by 13% and was closed at 9:58 a.m.

The Annual General Meeting of Lasco Manufacturing Limited (LASM) will be held at the Knutsford Court Hotel, 16 Chelsea Avenue, Kingston 5 on October 19, 2012 at 10:00 am.

The Board of Directors of Sagicor Life Jamaica Limited will meet on Tuesday, October 2, 2012 to consider a resolution to declare an interim dividend.

For the month of June 2012, net remittances were US$153.0 million, which was an improvement of US$7.9Mn or 5.5% relative to the corresponding period of 2011.

Consumer Prices rose 0.5% in July according to data released from the Statistical Institute of Jamaica. This follows a 0.3% decline in the index in the previous month. The increase in consumer prices was attributed to higher Food prices as the ‘Food and Non-Alcoholic Beverages’ division rose 1.6%.

Provisional data for July indicate that the Central Government exceeded its fiscal deficit target by $2,380.7Mn, with an outturn of $9,463.0Mn versus the budget of $11,843.7Mn. While the revenue outturn compared favorably to budget, it was the significant shortfall in expenditure which tempered the deterioration in the fiscal account.

On September 11, 2012, Guardian Holdings Limited (GHL), in a joint statement with Lascelles deMercado & Co. Limited (LAS), announced the acquisition by GHL of 100% of the issued share capital of Globe Insurance Company of Jamaica Limited (Globe) from LAS, for a cash consideration of US$38 Million.

Campari has reached an agreement with 81.4% of the holders of Lascelles de Mercado to acquire a majority stake in the company.