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Loop News - Updated Ian Dear CEO of Express Catering, which operates most of the restaurants at Sangster International Airport. Express Catering Limited (ECL), the main food and beverage provider at the Sangster International Airport in Montego Bay, has said the rapid pace of COVID-19 vaccination in the United States is a positive sign for the company which has been adversely affected by the pandemic. In statements attached to the report for the nine months ended February 28, 2021, management noted that approximately 168 million Americans have taken at least one dose of a COVID-19 vaccine and a large percentage of those are fully vaccinated. ....
Loop News The Jamaica Stock Exchange (JSE) is currently trading sideways as no stock gained double-digit levels on Wednesday. A sideways trading market is when investment prices remain within a tight range for any period. Overall Market activity resulted from trading in 90 stocks of which 34 advanced, 35 declined and 21 traded firm. The JSE market index currently hovers within a tight band of between 422,000 and 426,000 points over the last fortnight. Sterling Investments gained eight per cent to $3.29 followed by Express Catering which gained 5.3 per cent. The top declining stock was Margaritaville Turks down 9.0 per cent to $14.13, followed by SSL Venture Capital which dipped 8.0 per cent to $0.56. ....
File photo of the Sangster International Airport, which includes several food stores operated by Express Catering. Express Catering Limited is making a cash outlay on new food courts at the Sangster International Airport in Montego Bay. In the financial results posted for the second quarter ended November 30, 2020, Express Catering said fixed assets expenditure of US$128, 071($18.7 million) was mainly in connection with the development work to revamp the post-security food and beverage lounge that is being carried out by MBJ Airports. “Being the dominant food and beverage provider, Express Catering will incur some of the cost for the relocation to a new food court, as well as additional costs for the new concepts to accompany the new court,” the company, led by CEO Ian Dear, said. ....