"said it was not close to breaching the terms of its banking loans. "
Well ,after Feb/Mar 2008 when every bank in the Uk declared their annual results /Divs and declared for all to hear that expectations were inline (ROFL) I for one would not doubt any corporate statement !
Strange , I've been sued for being far more honest than that
Don't mind me , I've just got a case of terminal cycnicism.