Glitnir bank rating unaffected by S&P outlook
Standard & Poor cut its outlook for Iceland to ‘negative’ from ‘stable’ yesterday, citing the increased risk of a hard landing for the economy. Ic...
Business
Information and news on Business and Finance related issues
Rising food prices push up UK inflation
Higher food prices in the UK have pushed up inflation to 2.1% in October from a previous 1.8% in September. The new rate exceeds the government’...
Landsbanki moves into Asian market
The co-chief executive of Landsbanki recently announced that the Icelandic bank has an organic growth plan for the Asian market. The bank is attemptin...
Icelandic energy to be used for data centres
Landsvirkjun, the Icelandic national power company, has decided that future energy sales negotiations will focus on server farms and solar silicon pro...
Iceland heading for housing crisis
A housing crisis has been predicted for Iceland by the Icelandic Confederation of Labour (ASÍ). Gylfi Arnbjörnsson, Managing Director, said increasing...
Landsbanki in £1.4 billion takeover bid
Last week the Icelandic bank, Landsbanki, teamed up with Cenkos Securities to place a bid for ownership of a 129 year old bank controlled by the Close...
Inspired doubles commitments to Responsibililty in Gambling Trust
Visit the Inspired Gaming Group website for the current Inspired Gaming share price. Inspired Gaming Group plc (Inspired) has reviewed its commitment ...
A €665 million year for fishing in Iceland
During the course of the last financial year, the five largest fishing and seafood processing companies in Iceland recorded a combined turnover of aro...