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ICEX 15
The OMX Iceland 15 (formerly the ICEX15) is a defunct stock market index which consisted of a maximum of 15 companies listed on the OMX Iceland Stock Exchange with the highest market capitalization. At the final official review of the index effective in January 2009, 12 companies made up the index, four of which were Faroese. Calculated daily since 1998 and starting at 1,000 points, it was a market value-weighted index and the constituent companies were reviewed twice a year. Over the year 2008 and over the entire decade 1998–2008 the OMX Iceland 15 was the worst performing stock index in the world, being heavily affected by the 2008 Icelandic financial crisis which saw a number of index constituents become insolvent, be nationalised or opt to delist from the exchange. The index was discontinued in July 2009 and replaced by the OMX Iceland 6 as the exchange's benchmark stock index, which had run concurrently for the previous six months. 2008 decline OMX Iceland 15 su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OMXI15
The OMX Iceland 15 (formerly the ICEX15) is a defunct stock market index which consisted of a maximum of 15 companies listed on the OMX Iceland Stock Exchange with the highest market capitalization. At the final official review of the index effective in January 2009, 12 companies made up the index, four of which were Faroese. Calculated daily since 1998 and starting at 1,000 points, it was a market value-weighted index and the constituent companies were reviewed twice a year. Over the year 2008 and over the entire decade 1998–2008 the OMX Iceland 15 was the worst performing stock index in the world, being heavily affected by the 2008 Icelandic financial crisis which saw a number of index constituents become insolvent, be nationalised or opt to delist from the exchange. The index was discontinued in July 2009 and replaced by the OMX Iceland 6 as the exchange's benchmark stock index, which had run concurrently for the previous six months. 2008 decline OMX Iceland 15 suffe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straumur Investment Bank
ALMC hf., formerly Straumur Investment Bank hf. ( is, Straumur Fjárfestingabanki), is a regional investment bank headquartered in Reykjavík, Iceland. Founded in 1986 as ''Hlutabréfasjóðurinn'' and rebranded as Straumur in 2004, the bank initially survived the financial turmoil in late 2008 but was nationalised by The Financial Supervisory Authority of Iceland (FME) on 9 March 2009. Straumur was the last of Iceland's four biggest banks to remain independent, during the financial crisis. In the summer of 2010, the bank had been rebranded as ALMC and owned by its creditors. The majority of ALMC's owners are international investors and financial institutions and independent from any state involvement. Before the collapse of the Icelandic banking system in late 2008 the company was mainly owned by Björgólfur Guðmundsson and his son Björgólfur Thor Björgólfsson. The latter was also the chairman of the board until the bank was temporarily closed by regulators in March 2009. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Iceland
The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population o350,000 this is $55,000 per capita, based on purchasing power parity (PPP) estimates.Source: Statistics Iceland. The financial crisis of 2007–2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. Iceland has a mixed economy with high levels of free trade and government intervention. However, government consumption is less than other Nordic countries. Hydro-power is the primary source of home and industrial electrical supply in Iceland. In the 1990s Iceland undertook extens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Össur
Össur hf. is a company based in Iceland that develops, manufactures and sells non-invasive equipment for orthopaedics, including bracing and support products, compression therapy, and prosthetics. The company is headquartered in Reykjavík, with offices in the Americas, Europe, and Asia, and distributors in other markets. History Össur was founded in Iceland in 1971 by Össur Kristinsson, a prosthetist. His family owned the company until 1999, when it went public and was listed on the Iceland Stock Exchange. Initially, the company served only the domestic Icelandic market, and then began to export in 1986 and expanded rapidly through a series of strategic acquisitions. Össur has been listed on the NASDAQ Copenhagen Stock Exchange since 2009 and celebrated 20 years as a publicly traded company in 2019, by ringing the closing bell at the Nasdaq MarketSite in New York's Times Square. As of 2019 it employs more than 3,500 people in over 25 locations. In 2006, the company was nam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marel Food Systems
Marel is a multi-national food processing company based in Iceland. The company manufactures and provides equipment, systems, software and services to the poultry, meat and fish processing industries. Marel is a large manufacturer of food processing equipment for primary, secondary, and tertiary processing. The company employs approximately 6,000 people in offices and subsidiaries in over 30 countries, across six continents. The company is headquartered in Garðabær, Iceland. History Marel was founded in 1983 when some young engineers at the University of Iceland began to experiment with electronics and early computers. Rögnvaldur Ólafsson, Jón Þór Ólafsson, Pétur Jónsson, and Tómas Ríkarðsson identified the needs of many fish processors in Iceland to quickly and accurately weigh fish as they were being processed to minimize the giveaway of product, and withstand the harsh and wet conditions of fish processing plants. The Marel engineers focused on implementing early c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icelandair Group
Icelandair Group hf. is an Icelandic travel industry corporation, the owner and holding company of the airline Icelandair and several other travel industry companies in Iceland. The group's headquarters are at Reykjavík Airport in Reykjavík. The corporation is the largest in Iceland, with 125 billion ISK in revenue in 2013. Operations Icelandair Group focuses on the international airline and tourism sectors, with Iceland as the cornerstone of its international route network. The business concept of the group is built exclusively on Icelandair's route network and on marketing Iceland as a year-round destination. During 2013 the group employed an average of 2,850 full-time employees. 1,387 of those were employed by Icelandair. The number of employees had been rising steadily from 2,028 in 2010. Icelandair Group is the parent company of nine subsidiaries that form the two business segments of Route Network and Tourism Services. In addition to passenger flights operated by Ice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eimskipafélag Íslands
Eimskipafélag Íslands hf. is an international shipping company with 55 offices in 20 countries and four continents; Europe, North America, South America and Asia. Eimskip specializes in worldwide freight forwarding services with focus on frozen and chilled commodities. The company also operates a powerful freight network in Iceland under the name Flytjandi and its subsidiary Sæferðir, which operates the passenger transport ferries Baldur and Særún. Eimskip was founded on January 17, 1914, with the issue of shares where many Icelanders became founding members and the company was called "the desired child of the nation" In Icelandic "óskabarn þjóðarinnar". Eimskip operates 17 vessels and received its newest and most environmentally friendly vessels in 2020, Dettifoss and Brúarfoss,https://questor-reports.s3-eu-west-1.amazonaws.com/EIM-Y-2020.pdf which sail in collaboration with the Greenlandic shipping company Royal Artic Line between Iceland, Greenland, the Faroe Islan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eik Banki
Eik Banki Føroya P/F is a financial services group in the Faroe Islands, which was previously one of the two major privately owned banking firms based in the country. Established in 1832, the group, which also operated in mainland Denmark, encompassed retail, corporate and investment banking activities as well as real estate brokerage. The company was nationalised by Denmark in October 2010 after becoming insolvent, with its Danish retail banking operations being sold later in the year to the regional bank Sparekassen Lolland. History Eik was established in 1832 as a savings bank. In 1992 it was transferred into a guarantor savings bank, and in 2002, it was converted to a public limited company. On 11 July 2007, it was listed on the Icelandic and Danish stock exchanges as Eik Banki P/F. In Denmark, Eik Banki founded a subsidiary bank, Eik Bank Danmark A/S. In 2007, Eik Bank Danmark acquired the Swedish Skandiabanken branch in Denmark. Skandiabanken is the leading Danish internet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bakkavör
Bakkavör is an international food manufacturing company specialising in fresh prepared foods. The group's head office is in London, England. It is listed on the London Stock Exchange, and was part of the FTSE 250 index from early 2018 to 2020. It was listed 27th in the 2015 Sunday Times Top Track 100. History Bakkavör was founded in 1986 by the two brothers Ágúst and Lýður Guðmundsson to manufacture and export cod to Scandinavia. They expanded the business by selling convenience foods. The company acquired Katsouris Fresh Foods in 1997 and Geest in 2005. Following the global financial crisis of 2008, Bakkavör became heavily indebted, forcing the Guðmundsson brothers into emergency talks with the company's bondholders. The Guðmundsson brothers' advisors, Deloitte, came under scrutiny for its advisory role when the brothers repurchased a major stake in Bakkavör from their investment company, Exista, in 2009. The company delisted from the NASDAQ OMX in Iceland in 2010. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Petroleum (Faroe Islands)
Atlantic Petroleum P/F P/F is an oil and gas company situated in Tórshavn, Faroe Islands and has technical offices located in London (United Kingdom) and Bergen (Norway). It participates in exploration on the Faroese Continental Shelf, offshore Norway, Ireland, and United Kingdom. The company has production from three fields in the United Kingdom's sector of the North Sea and also participates in development projects. History Atlantic Petroleum was established in 1998 by 18 private Faroese investors. It became the first listed Faroese company. In June 2005 Atlantic Petroleum was listed on the Iceland Stock Exchange (ICEX) and in October 2006 on Copenhagen Stock Exchange. Operations In 2001, Atlantic Petroleum in the partnership with Amerada Hess, BG Group and DONG acquired two exploration licences in the United Kingdom Continental Shelf. Later four more assets were acquired in the United Kingdom Continental Shelf. These assets include among others interests in Ettrick, Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Airways
Atlantic Airways (, Faroese: Atlantsflog) is the national airline of the Faroe Islands, operating domestic helicopter services and international passenger services as well as search and rescue responsibilities from its base at Vágar Airport, on the Faroese island of Vágar.''Flight International'', 27 March 2007 Most of its pilots are members of the Faroese Pilot Association. Its 2021 revenue was 410.2mm DKK. History Regular air links to the Faroes had been in operation since 1963, between the islands and Denmark. Although the airport at Vágar had been constructed by the British Army during World War II, air traffic to the islands was practically non-existent between the departure of the British and the start of services to Copenhagen. Calls for the creation of a Faroese airline company began in the early 1980s. Passenger numbers were steadily increasing and Danish carrier Maersk Air enjoyed the monopoly as the sole airline to serve the Faroe Islands. As a result, Atlanti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
