British media are reporting that the UK’s second-biggest supermarket chain, Asda is interested in buying the nearly 70 percent stake in Iceland Foods owned by the bankrupt estate of Old Landsbanki from Iceland, the country. Read the full story

The resolution committees of Landsbanki and Glitnir, two of Iceland’s failed banks, are expecting a ISK 50 billion (EUR 311.1 million) payout from Britain’s Iceland Foods. Read the full story

Striking food workers in Finland have sent the purchasing public scurrying across the border to Sweden for supplies. Read the full story

Icelandic businessman and political campaigner, Jon Gerald Sullenberger promised last December to open a new low cost supermarket in Iceland to rival Bonus. The new store opened yesterday under the name Kostur – but it was not an easy birth. Read the full story

Johannes Jonsson, one of the owners of Hagar which owns, among others, Iceland’s Bonus, Hagkaup and 10-11 supermarkets, told Stod 2 News that the company owners have not lost control. He said that they are currently refinancing the group and have at least a few more weeks to successfully complete the process. Read the full story

Iceland Supermarkets in the UK reported recession-defying profits in its annual report to 27th March, released today. The resolution committee of Iceland’s (the country) Landsbanki owns 14 percent of the food retail group – a holding formerly owned by Baugur Group. Read the full story