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Portugal receives assessment of binding bids for flag carrier TAP privatisation

Bermuda Broadcasting Newsdesk
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Portugal receives assessment of binding bids for flag carrier TAP privatisation

Lisbon revived TAP’s long-delayed privatisation in July 2025, seeking a strategic investor for a 44.9% stake in the flag carrier, and aims to complete the process this year

International News via Reuters:

The Portuguese government has received state holding company Parpublica’s assessment of rival binding bids from Air France-KLM and Lufthansa for a minority stake in flag carrier TAP, it said on Tuesday, a step towards a final decision.

• Lisbon revived TAP’s long-delayed privatisation in July 2025, seeking a strategic investor for a 44.9% stake in the flag carrier, and aims to complete the process this year.

• The Finance Ministry said in a statement, “The government will now analyse the document and, in due course, will make its position known in order to continue the process,” without providing any details of the assessment.

• After reviewing Parpublica’s assessment, the government can either select a winning bid or open a negotiation phase, inviting one or both bidders to submit improved final offers.

• The government has said its final decision will not be based solely on price, but also on which bidder is best placed to expand the carrier’s international footprint and strengthen its competitiveness.

• Air France-KLM and Lufthansa submitted binding bids in July, including strategic industrial plans and financial offers, but neither the government nor the airlines have disclosed details of the proposals.

• TAP’s main attraction is its prized and lucrative slots linking its Lisbon hub with Brazil, Portuguese-speaking African countries and the United States, important routes for Portugal’s diaspora, tourism and investment.

• Air France-KLM has said it would make Lisbon its sole hub in southern Europe if selected, while Lufthansa has pledged to strengthen its role as an Atlantic hub, citing its track record in developing SWISS, Austrian Airlines, Brussels Airlines and ITA Airways.

• Bernstein analysts valued the 44.9% stake at about €700 million ($798 million), implying a €1.5 billion valuation for TAP, though the value of the bids was not disclosed.

Reporting by Sergio Goncalves; Editing by Cynthia Osterman

What does it cost to equip your child for school?

Kendal Trott
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What does it cost to equip your child for school?

As students return to school for the new term, many parents and guardians are adding up what it costs to equip their children with uniforms and supplies.
Kendal Trott went into Hamilton to ask how much it actually costs. The first gentleman she spoke to just happened to be exiting a store, receipt in hand …

Labour Day theme: ‘Uniting culture, diversity and resilience’

Bermuda Broadcasting Newsdesk
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Labour Day theme: ‘Uniting culture, diversity and resilience’

The joint Labour Day Organizing Committee would like to take the opportunity to invite the Public to this year’s Labour Day Celebrations

This year’s theme, “Labour: Uniting Culture, Diversity, and Resilience,” underscores the powerful connection that unions have established and must continue to strengthen within the fabric of our society. It serves as a reminder that labour is a crucial link between economic growth and social justice and, above all, between the recognition of workers’ rights and the well-being of our communities.

The 2026 Labour Day March is scheduled to commence at 9:30 a.m., with the speaking program to begin shortly thereafter.

Come and Celebrate Labour –Food Fun and Entertainment.

Parish council awards scholarships to nine students

Bermuda Broadcasting Newsdesk
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Parish council awards scholarships to nine students

Rear view of a group of graduate students on a ceremony

The Southampton Parish Council recently awarded ‘Higher Education Scholarships’ to nine students of Southampton Parish to assist with their studies. Council received the most applications it ever has, and the Scholarship Committee had to become creative to support as many Applicants as possible with its limited funds.

This year’s Recipients are enrolled in institutions in the US, The Netherlands, England, and Canada and are graduates of public and private schools. Again in 2026, we are proud to continue our tradition of supporting Bermudian student-athletes who maintain top grades and represent both their schools and our Country with excellence in their sport.

Our brilliant Recipients are:

Ms. Sian Francis studying Business to earn a Bachelor’s Degree;

Ms. Sa’Yuri Dowling studying to earn a Bachelor’s Degree in Business Administration;

Mr. Norre Robinson studying Political Science to earn a Bachelor’s Degree;

Mr. Josiah Tannock earning a Bachelor’s Degree in Environmental Science;

Ms. Ketura Bulford-Trott studying to earn a Master’s Degree in Pharmacy;

Ms. Alaya Ford studying to earn a Bachelor’s Degree in Psychology;

Mr. Noah Hayward earning a Bachelor’s Degree in Forensic Science with Physics;

Ms. Maya Peart earning a Bachelor’s Degree in Communications; and

Mr. Enrique Mendes earning a Bachelor’s Degree in Business Administration & International Business.

Scholarship Committee Chair Mr. Corey Butterfield stated: “Although we have a very modest budget, being able to financially support Students and their Families in our small way is both humbling and rewarding. I’d like to thank the Members of the Committee for their open dialogue, diligence, and empathy during our deliberations.”

Southampton Parish Council wishes all of Bermuda’s students-from every parish-the VERY BEST for the upcoming Academic Year whether in their first or final year, and whether studying in Bermuda or Overseas.

Burgess leads strong Bermuda showing in Myrtle Beach

Bermuda Broadcasting Newsdesk
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Burgess leads strong Bermuda showing in Myrtle Beach

Bermudian golfers have made a positive start to their campaigns at the Myrtle Beach World Amateur Handicap Championships in South Carolina, highlighted by top-ten opening rounds from Tracy Burgess, Ann Symonds, and Ann Mitchell.

Burgess produced the standout performance of the opening day for the Bermuda contingent, carding a sub-80 round of 79 to sit tied for fifth in Flight 52 of the Women’s Gross division.

In Flight 53 (Women 59 & Under), Ann Symonds positioned herself among the early contenders with an opening-round 82 to finish tied for ninth, while compatriot Angela Cook carded a 91 to end the day tied for 22nd.

  • Senior Women (60 & Above): Ann Mitchell carded a solid 90 to sit tied for eighth in Flight 55.
  • Mid Senior Men (60–69): Antony Than and Dave Abraham matched each other in Flight 22, both firing identical rounds of 83 to tie for 18th.
  • Senior Men (50–59): Richard Marriott posted an 86 in Flight 9 to sit tied for 49th.

Super Senior Men (70–79): Gary Venning opened his tournament in Flight 44, carding a 105 to occupy 48th place.

Tesla sales in Portugal fall 37% y/y in August

Bermuda Broadcasting Newsdesk
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Tesla sales in Portugal fall 37% y/y in August

In the January-August period, Tesla sales in Portugal rose by 41.4% to 6,512 units, while the total for all light electric cars rose by 43.1%

International News via Reuters:

Tesla’s new car registrations in Portugal fell by 36.5% in August from a year ago to 148 units, even as new registrations of light electric vehicles grew by 65.2%, the country’s automobile industry association ACAP said on Tuesday.

In the January-August period, Tesla sales in Portugal rose by 41.4% to 6,512 units, while the total for all light electric cars rose by 43.1%, it said.

Reporting by Javi West Larrañaga in Gdansk; editing by Emma Pinedo

London midcaps lead losses as rising gilt yields weigh; Reckitt gains

Bermuda Broadcasting Newsdesk
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London midcaps lead losses as rising gilt yields weigh; Reckitt gains

The export-focused FTSE 100 index closed 0.32% lower at 10,789 points while the domestically focused FTSE 250 declined 1.67%

International News via Reuters:

London’s midcap FTSE index on Tuesday logged its biggest one-day drop since March as Middle East tensions pushed up global bond yields on inflation concerns, while Reckitt Benckiser gained after a favourable U.S. court ruling.

The export-focused FTSE 100 index closed 0.32% lower at 10,789 points while the domestically focused FTSE 250 declined 1.67%.

• The United States and Iran traded fresh fire, sending Brent crude prices up to over $92 a barrel and sparking a bond selloff globally as investors mulled the repercussions on the world economy.

• The yield on the UK 10-year Gilt hit its highest since 2008. Investors now see the Bank of England hiking interest rates by at least 31 basis points by year end — up from around 24 bps last week — LSEG-compiled data showed.

• Rate-sensitive sectors were especially hit: Financial stocks such as Barclays fell 2.1%, Aberdeen dropped 2.86% and Prudential lost 1.7%.

• Housing goods and home construction fell 2.3%, while precious metal miners tanked 5.4% and led sectoral losses on lower bullion prices.

• On the data front, house prices rose in August, mortgage lender Nationwide said, reflecting demand held up despite an uncertain economic outlook.

• Manufacturing activity slowed slightly in August to its weakest since March, S&P Global said.

• Bucking broader weakness, Reckitt Benckiser added 4.4% after a U.S. jury favoured the company in its trial over claims that it failed to warn that its products for premature babies could cause a deadly bowel disease.

• Energy stocks BP and Shell rose 5.2% and 2.6%, respectively, tracking higher crude prices. [O/R]

• Oxford BioMedica tumbled 14.7% after Novartis and Bristol-Myers Squibb, both having ties with the company, paused clinical trials of CAR-T treatment for autoimmune disorders.

• Bodycote jumped 4.6% after U.S.-based private equity firm Veritas Capital agreed to buy the thermal processing services company in a £1.85 billion ($2.51 billion) deal.

($1 = 0.7390 pounds)

Reporting by Anand Gopal and Johann M Cherian in Bengaluru; Editing by Nivedita Bhattacharjee and Joyjeet Das

UK’s Frasers plans to boost stake in Hugo Boss to more than 50%

Bermuda Broadcasting Newsdesk
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UK’s Frasers plans to boost stake in Hugo Boss to more than 50%

The group, owned by business tycoon Mike Ashley, also said it was reviewing its support for Hugo Boss Chairman Stephan Sturm

International News via Reuters:

British retail group Frasers said on Tuesday it planned to raise its stake in Hugo Boss to more than 50%, after a failed €2 billion ($2.32 billion) takeover attempt for the German fashion house in June.

The group, owned by business tycoon Mike Ashley, also said it was reviewing its support for Hugo Boss Chairman Stephan Sturm.

Frasers gave no further details of how and when it planned to raise its stake in Hugo Boss in a press release to the London Stock Exchange.

The group has been increasing its holding in the designer, known for its boxy men’s suits, from the 26% it owned when it launched its June takeover bid and is now the company’s biggest shareholder with 48%.

Shares in Frasers were down 1.1% at 823 pence as of 0836 GMT, while Hugo Boss was up under 1%.

“This (passing the 50% ownership mark) would be optically transformational for the Frasers P&L, and materially increase the complexity of the group’s reporting,” Jefferies analyst Andrew Wade said.

“The commentary regarding Mr Sturm would also indicate an increasingly hands-on approach,” Wade added.

Frasers said on Tuesday that if it ceases to support Sturm’s position, it will make its stance publicly known. It did not give further details.

The group in November last year said it no longer had confidence in Sturm, but reversed that position in June saying it remained supportive of the executive and CEO Daniel Grieder.

British newspaper the Times reported in July that Frasers was looking at installing its Chief Executive Michael Murray as Hugo Boss’ CEO.

When contacted by Reuters for comment on Tuesday, Hugo Boss said Frasers’ statement did not result in any changes to its board with Sturm remaining in his role.

Last month, Hugo Boss said it would continue to maintain a constructive relationship with Frasers while advancing the execution of its strategy to deliver sustainable growth and long-term shareholder value through 2028.

($1 = 0.8626 euros)

Reporting by Prerna Bedi in Bengaluru; Additional reporting by Krisha Bhatt; Editing by Sonia Cheema and Sharon Singleton

‘Significant’ number of EU countries back speeding up Ukraine funding, Ireland says

Bermuda Broadcasting Newsdesk
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‘Significant’ number of EU countries back speeding up Ukraine funding, Ireland says

Ukraine relies heavily on foreign funds in its fight against Russia, now in its fifth year, including a €90 billion loan that the EU agreed to disburse over the course of 2026 and 2027

International News via Reuters:

A significant number of European Union member states support bringing forward the disbursement of funds under an EU loan to Ukraine to help its war effort, Ireland’s defence minister said on Tuesday after hosting a meeting of EU colleagues.

Ukraine relies heavily on foreign funds in its fight against Russia, now in its fifth year, including a €90 billion loan that the EU agreed to disburse over the course of 2026 and 2027.

New Ukrainian defence minister Yevhenii Khmara, who addressed EU ministers via video link at an informal gathering in Ireland, said on Sunday he would ask to bring forward part of the €45 billion in payments scheduled for next year.

“What I think was very clear from our presentation from the (Ukrainian) defence minister is that there is a gap. So I do believe that there was a significant number of member states that supported that ask,” Ireland’s Helen McEntee told a press conference.

As the gathering was informal, ministers were not in a position to make any formal decisions.

McEntee, who hosted the meeting as Ireland currently holds the EU’s rotating six-month presidency, added that any frontloading of the funds would need to be agreed by EU governments and the European Commission:

“It is obviously beyond today but I think we need to advocate, insofar as possible, for bringing that forward.”

Reporting by Padraic Halpin and Conor Humphries; Editing by Kevin Liffey

Waldron denied in Hoosier Park thriller

Bermuda Broadcasting Newsdesk
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Waldron denied in Hoosier Park thriller

Bermudian driver Kiwon Waldron was denied by the finest of margins at Harrah’s Hoosier Park in Indiana, finishing fourth in a pulsating photo finish in race seven.

Taking the reins of Odds On Candy in the Pace Class contest, Waldron produced a fierce drive down the home straight, going stride-for-stride with the leaders in one of the most tightly contested finishes on the card.

Waldron tripped the beam in a blistering time of 1:52.2—missing out on the victory by just a tenth of a second behind winner Tellit Candy, driven by John De Long, who clinched top spot in 1:52.1.

Despite setting a blistering tempo into the final stretch, the fractional deficit proved decisive in a blanket finish, pushing Waldron and Odds On Candy just outside the top three.

PHC Foundation awards $31,000 to next generation of student-athletes

Bermuda Broadcasting Newsdesk
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PHC Foundation awards $31,000 to next generation of student-athletes

The PHC Foundation has reaffirmed its commitment to Bermuda’s youth, awarding $31,000 in funding to seven student-athletes at its 22nd Annual Scholarship Awards Ceremony held at Chubb Bermuda.

Since launching in 2004, the foundation has distributed nearly $600,000 to assist Pembroke Hamilton Club members pursuing high school, college, and university education abroad and locally.

This year’s scholarship recipients are:

  • Amir Weller
  • T’syi Showers
  • Chavi Pacheco
  • Kauai Evans
  • Keyara Signor
  • Antoinette Barry
  • Ja’Shay Trott

PHC Foundation President Mark Simons praised the cohort’s dedication: “We are honoured to invest in the future of these outstanding young people. Each recipient has demonstrated a commitment to achieving their goals, and the PHC community believes in their potential.”

Attendees heard practical advice from guest speaker Keunna Dill, a PHC footballer, physiotherapist, and former student-athlete, who shared insights on balancing academics and athletics overseas.

The foundation extended its gratitude to donors, whose backing continues to drive educational pathways for young Bermudian talent.

Goal bonanza as Pylons and Swizzle Magnets prevail

Bermuda Broadcasting Newsdesk
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Goal bonanza as Pylons and Swizzle Magnets prevail

Spectators at the PCC Hockey Rink were treated to a breathless 24-goal double-header as Mason’s Pylons and McKee Swizzle Magnets both registered thrilling 7-5 victories in the Bermuda Inline Ball Hockey League.

Mason’s Pylons edged past Jingles Jawbreakers in the opening encounter thanks to a clinical offensive display. Richard Campbell, Ryan Bates, and Bruce Sinclair each struck two goals apiece, with Maxime Boivin adding a single marker to seal the win.

Jingles pushed hard behind an impressive hat-trick from Adam Mattatal alongside strikes from Matthew Ingleman and James Amaral, but they were unable to bridge the gap.

The second clash delivered identical drama as McKee Swizzle Magnets held off Rev Auto Rippers in another 12-goal showdown.

Jake Fenske and Josh Wilson led the scoring with two goals each for the Magnets, supported by markers from Shawn McKee and Ryan Wilson.

Two goals from Matthew Benson and Chris Grantier, plus goals from Pete Brodsky and Johnny Moran, kept the Rippers within touching distance throughout, but the Swizzle Magnets stood firm in the closing minutes to take the points.

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