A final short post on Wyndeham after a momentous week. I'm pleased that Iceland's banking crisis hasn't resulted in immediate chaos at the group, or indeed at any of the many other UK companies that have been funded by Icelandic investors.

Paul Utting's "business as usual" statement is all very well, and of course he's hardly likely to say "yeah, we're all running around with our arms in the air here", but I do wonder how long the board of directors can carry on not knowing what their funding position is.

What happens next? The UK government has frozen the £4bn UK assets of Wyndeham owner Landsbanki, sparking something of a diplomatic row with Iceland. Treasury officials are in talks with their Icelandic counterparts now. Meanwhile, Barclays Capital has been instructed to sell a €660m portfolio of Landsbanki's leveraged loans. This will probably involve selling the portfolio as some sort of job lot to AN Other bank for 55p-60p in the pound. I guess in finance terms it's a bit like being in the house clearance business. You buy a load of someone else's junk on the basis that there will be one or two items of value that will yield a profit on the whole deal.

No "junk" pun or insult intended, but somewhere in the above is Wyndeham, so amidst the uncertainty one thing is for sure. A change of ownership is on the cards. Wyndeham's management could even be in a position to jettison a chunk of debt - hey, it worked for Polestar. What price an MBO, I wonder?