Salmon Farming Co Freezes Payments

Norwegian salmon farming company Lighthouse Caledonia ASA has frozen payments to creditors and asked for it's shares to be suspended on the Oslo bourse today.

The company, who's main activities are in Scotland, said in a statement, "a recent reduction in credit terms from one key supplier - with credit time being reduced from 90 to 30 days - caused by the unresolved long-term financing of the company, has resulted in a constrained liquidity situation."