Northallerton-based mountaineer Alan Hinkes reached the top of the North Col of the world's highest peak, as part of the Iceland Everest Expedition 2011 last week. The Iceland store founder, Malcolm Walker, and his son Richard has joined him on this mission, who wanted to climb the 23,000ft North Col in order to expand funds for Alzheimer's Research along with an expert chef to cook food.

In spite of all preparations, an unfortunate accident has shattered the operation when a truck loaded with all specialist equipments rolled down a mountainside in Nepal and injured 2 men.

Previously, the mountaineer had credited an OBE for his remarkable services to sports in 2006. He made a comment on the accident on Twitter while Malcolm Walker explained more on his blog, saying: "We had three lorry loads of kit and they were travelling overnight to the Tibetan border ahead of us".

Meanwhile, the Landsbanki resolution committee has employed UBS, Bank of America and Merrill Lynch to advice on the possible sale of Iceland Foods. The committee explained that the initial step will be to evaluate the possible alternatives with regards to the management's shares.

Iceland founder and Chief Executive, Malcolm Walker, made a £1bn bid last year in order to buy the Iceland back but all in vain, as it was discarded at that time.