I think the Borders operation in the UK was in trouble ahead of the rest - whether, because of the complicated way businesses are "leveraged" or whatever nowadays, that was because the UK business was either losing more money, not "sponsored" enuff, the value of the estate portfolio wasn't theoretically as much, or whatever wierd & wonderful - no, wrong word, leave it at wierd - treasons the accountants come up with,. I know not.
It was only here that I thought " hang on, Borders are bust, aren't they" and realised, no, just the UK bit is.
I had a little bet with myself the rest would probably be "re-negotiating their position in the actuality of the ongoing financial climatic atmosphere" .
But still mildly surprised...............