Thanks for more helpful replies.
The dealer has since said that it's definitely believed to be the Rad and not the water pump as coolant was seen 'pouring down' into the tray.
They say if the warranty doesn't cover this repair cost, then they will, but not if the radiator needs to be replaced due to stone chip or other damage.
They have said the radiator foils are aluminium, fragile and therefore vulnerable to stone damage.
It has been a battle to reach this offer.
The manager I spoke with says he feels it less likely that damage will be the cause.
Given the car should have a plastic protective under cover then it seems the only obvious way damage could have been caused would be a stone flying through the small and undamaged honeycomb front grille but the manager said a stone could have flown up from underneath and into the non visible aspects of the Rad.
Maybe I should feel relieved. However, after this overall after sales experience I can't help feeling cynical.