[Tealeaf]

I see the LET is reporting that HBC had a few bob (£10million) on deposit with one of the Icelandic banks but have now shifted the money over to the Micks.The story - typical of the LET - is then rather confusing. It says the decision to move the dosh into Ireland was made at the time of the Northern Rock debacle, yet that was a year ago. Irish government guarantees were only made last week, so the only explanation I can think of is that the funds were one year maturity. In which case, the ratepayers of Hyndburn have been very lucky. Maybe we should all go out and feast on an Icelandic banana in celebration.