Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.
Conservative Party donor David Rowland has thrown in the towel in the Falkland Islands after losing a battle to take control of its key industries. The Rowland´s family investment vehicle, Staunton Holdings Limited has got rid of all its shares in the Falkland Islands Holdings (FIH) after shareholders rejected a takeover, reports the London financial media.
Argentina is offering investors the best opportunity in the past 25 years as President Mauricio Macri reforms the battered Latin American economy, according to real estate developer Eduardo Elsztain, said in an interview with Bloomberg.
The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.