Cairn Energy has vowed to continue drilling for oil off Greenland, but says it will try to rebalance the risk by acquiring new, safer assets elsewhere.
Tag Archive | "business"
Cairn to keep Greenland and look elsewhere
Posted on 30 March 2012.
Posted in Business, Education, Energy, Environment, Greenland, International, MBL, Technology, United KingdomComments (1)
Personnel shortage in Icelandic computer companies
Posted on 12 March 2012.
Icelandic software companies are struggling to find enough staff because there is a shortage of IT experts. Despite this, an industry insider claims there are still not enough people studying the subject.
Posted in Business, Featured, Iceland, MBL, TechnologyComments (2)
Pearl purchase offers published on internet
Posted on 18 February 2012.
As previously reported, one of Reykjavík’s best-known landmarks, Perlan (The Pearl), is for sale as part of the restructuring of its indebted owner, Reykjavík Energy. Now all purchase offers received have been published online.
Posted in Business, Culture, Energy, Featured, General, Iceland, Leisure, MBLComments (4)
Iceland Foods purchase contract written up
Posted on 16 February 2012.
The resolution committees of Old Landsbanki and Glitnir have agreed a sale contract for the British supermarket chain Iceland Foods. The company’s founder and chairman now looks set to take over as sole owner and part of the sale price will be loaned from the old Icelandic banks.
Posted in Business, Featured, Iceland, MBL, United KingdomComments (0)
Iceland bank crash king to talk live to public today
Posted on 14 February 2012.
Jón Ásgeir Jóhannesson, the former main owner of Baugur Group, will be on DV’s Direct Line with the general public later today. Jón Ásgeir, closely associated with Glitnir Bank and others, is one of Iceland’s most controversial pre-crash businessmen.
Posted in Business, Featured, Iceland, International, MBL, TechnologyComments (0)
Iceland Foods sales process extended
Posted on 13 February 2012.
The much discussed auction for the British discount supermarket chain Iceland Foods has been lengthened as two private equity funds who submitted bids have decided to extend their due-diligence process, the Wall Street Journal reports.
Posted in Business, Featured, Iceland, MBL, United Kingdom, United StatesComments (0)
Some companies in Iceland benefited from 83 percent debt write off
Posted on 18 January 2012.
Investment and holdings companies in Iceland have had 83 percent of their debts written off since a law was passed on helping indebted individuals, households and companies following the 2008 banking crash up to 30th September last year.
Posted in Business, Featured, General, Iceland, MBL, PoliticsComments (0)
Group layoffs and bankruptcies continue in Iceland, despite some positive changes
Posted on 04 January 2012.
752 people lost their jobs in 23 group layoffs last year in Iceland. The construction industry was again worst-hit and 69 percent of those laid off live in the capital region.
Posted in Business, Featured, Iceland, MBL, SocietyComments (1)
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More Members of Parliament against the Icesave deal
- IMF loan to Iceland blocked by Dutch and British
- Icelandic economy: making sense of the unintelligible
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British and Dutch stance on Icesave hardening
- Unbowed Icelandic PM sends a strong message to UK
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Finland’s president to visit Iceland
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President of Iceland calls for scrutiny of economic failure at Global Leadership Summit 2013 in London
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Riots shake Stockholm for three consecutive nights
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Central bank starts buying forex
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A Government of the Progressive Party and the Independence Party has been formed and took office today