Falkland Islands Holdings chairman David Hudd has resigned from the board with immediate effect and been succeeded by non-executive deputy chairman Edmund Rowland, it was reported on Monday. John Foster continues as group managing director.
The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.
Falkland Island Holdings PLC announced on Monday that its pre-tax profit increased slightly in its first half as strong sales at the company's London-based Momart operations offset increased costs at its Falkland operations. The international services group, which focuses on transport and logistics, said its underlying profit before tax was up 14.8% to £ 1.37 million for the six months ended September 30 compared to £ 1.19 million the previous year.
Falkland Islands Holdings' shares rose on Monday after it posted an increase in underlying pre-tax profits and looked forward to 'an exciting future'. FIH reported underlying pre-tax profits of £3.29m for the year to the end of March - 1.9% up on last time.
Falkland Islands Holdings, which owns the Falkland Islands Company, FIC, expects to report a slight fall in annual profits but anticipates a quantum leap in the Falklands’ economy over the next decade with the oil industry and the commencement in 2014 of the Sea Lion project.
In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley 26 two bedroom apartments in the form of an 80 metre long terrace on land were previously there were temporary housing and offices since removed.
Despite claims by the Argentine media that the Bahamas flagged cruise vessel “Seabourn Sojourn” had no plans to visit Falklands the 431 passengers on board have enjoyed a wide range of tours around the Islands after they anchored in Port William, just outside of Stanley Harbour on Friday at 9am.
Key players from the Falkland Islands cruise industry attended the Seatrade Cruise Shipping Convention in Miami last week, when they were also delighted to receive an award from Cruise Insight Magazine for Best Destination Experience.
Five ships will make their inaugural visits to the Falklands during the coming cruise ship season, reports the Penguin News.The luxurious Seabourn Sojourn (450 passenger capacity) will be among these, along with Island Sky (118 pax) mega yacht L’Austral (264 pax) MS Artania (1200 pax) and Adonia (710 pax).
Three Falkland Islands tours achieved the top ratings out of all South American excursions taken by Princess Cruise Line passengers during the 2010/11 season, confirmed Tourism Coordinator Samantha Marsh of Falklands Port and Shore Excursion Agents Sulivan Shipping Ltd.