The company has an annual turnover of ca £10 million.

According to legend, Lady Godiva rode naked through the streets of Coventry to protest against the high taxes levied by her husband on his tenants in the 11th century.

The market was steady all week, but has rallied just before the close.

A bearish day is to be expected but we’re bullish on these bonds.

Economists, industrialists and the typical person in the street all fear the consequences of a recession, i.e. decreasing industrial production, fewer job opportunities, reducing purchasing power, etc.

The economic effects of a recession are well known. They are also social when unemployment rises and people find it harder and harder to solve their financial problems, which can lead to mental and physical illness or even depression.

In some regions with little social protection, unemployment can mean homelessness. Homes are foreclosed on and sometimes abandoned. Whole neighbourhoods can deteriorate as a result of high unemployment. If the worst comes to the worst, a whole city can go bankrupt, like Detroit in the USA.