In a welcome absence of company newsflow, stock broking firm Killik & Co livened up its usually relatively terse daily research note with some tips on low-cost and (almost) guilt-free booze.
After musing on the future of the civil aerospace industry (bleak) and noting a spot of director dealing at Unilever, the research note moved onto one of my personal favourite topics: wine.
In the absence of any decent stocks to issue buys, sells or holds on, the analyst who wrote the note was reduced to advising his readers on some fair trade wines for the weekend.
'Last week, I expressed my concern that the economic downturn may be unhelpful for worthy causes such as ethical trading and animal welfare. With that in mind, I wanted to see what the Co-operative could provide for a wine lover. Not only does the supermarket place responsible retailing at the core of its operations, but it also sells an eclectic range of wines, which represent excellent value for money, some of which have been rewarded with medals. This week, I tried a couple of reds.'
'The first was a Co-op Fairtrade Chile Carmenere. Carmenere is Chile's indigenous red wine grape and is often used in a blend with Cabernet Sauvignon. Although the wine lacked complexity, it was surprisingly elegant with wonderfully plumy fruit and peppery undertones' (and retails at a credit-crunch-busting £4.99).
'The other wine I tried – Rocktail Bay Western Cape – is a blend of Cabernet Sauvignon and Cabernet Franc from South Africa. I found it very easy to drink with soft tannins and black fruit aromas infused with methyl notes. All that and a Bronze Medal Winner in the Decanter 2008 World Wine Awards for only £4.75.'
Deputy international editor