30 October 2008

Sterling goes under but causes are different

Sterling is part of Northern Travel Holdings and also part of the meltdown in the Icelandic banking system. With no access to cash or credit – its fate was sealed several weeks ago. Other members of the group such as the Ticket web business must also be very shaky at this time. There will be others like this but it’s really interesting to consider that at one time these guys owned large chunks of major players.


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