One major factor in why people should think twice about voting for the same old parties is that they haven’t managed to be transparent about who are paying their way.  Fortunately Channel 2 has decided to inform voters about the six politicians from the Independence Party, Social Democrats and the Progressive Party who were sponsored [...]

But while Baugur set its sights on the Faroe Islands with the acquisition of 50% of the six-strong SMS supermarket chain, Bravo International was headed for more turbulent waters. The move into brewing was bold. The Russian economy was in crisis and foreign investment drying up. Yet the Icelanders were not only ploughing money into [...]

The retail group, which owned stakes in a number of major British chains, from House of Fraser to Hamleys, transferred a ski chalet in France, two properties in London and a property in Denmark to Mr Johannesson’s investment company, Gaumur, last autumn. Erlendur Gislason, of Logos, the joint administrator of Baugur, said he was looking [...]

The “Notice of statement of affairs” document shows that Baugur took the box at St James’ Park on a two-season basis. The £225,000 owed would have been higher but the company agreed to a “payment plan” at an unspecified point in the past and around £40,000 was paid down. From The Telegraph