Cairn to keep Greenland and look elsewhere
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...
Personnel shortage in Icelandic computer companies
Icelandic software companies are struggling to find enough staff because there is a shortage of IT experts. Despite this, an industry insider claims t...
Pearl purchase offers published on internet
As previously reported, one of Reykjavík’s best-known landmarks, Perlan (The Pearl), is for sale as part of the restructuring of its indebted ow...
Iceland Foods purchase contract written up
The resolution committees of Old Landsbanki and Glitnir have agreed a sale contract for the British supermarket chain Iceland Foods. The company’...
Iceland bank crash king to talk live to public today
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, clos...
Iceland Foods sales process extended
The much discussed auction for the British discount supermarket chain Iceland Foods has been lengthened as two private equity funds who submitted bids...
Some companies in Iceland benefited from 83 percent debt write off
Investment and holdings companies in Iceland have had 83 percent of their debts written off since a law was passed on helping indebted individuals, ho...
Group layoffs and bankruptcies continue in Iceland, despite some positive changes
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 li...