Henk Potts
Henk Potts
element good lack looking looks performance profit push taking
It's been such a good performance but there looks like an element of profit taking with a lack of new momentum. We are looking for something else to push us forward.
gateway good profit provides standard vulnerable
Standard and Chartered could be vulnerable to a takeover. Two thirds of its profit is in Asia, and it provides a good gateway into fast-growing economies.
companies european good line news reducing
They are reducing capacity, so that could be good news for some European companies and pretty much in line with our models.
activity believe bounce corporate dose global good healthy markets merger outlook positive profits quite strong uk
It's good to see the markets bounce back, we've got quite a positive outlook for the UK market. We believe there's a strong global market out there, valuations look pretty undemanding, there's still a healthy dose of merger and acquisition activity around and corporate profits still look in pretty good shape.
standard vulnerable
Standard and Chartered could be vulnerable to a takeover.
agreement america announce believe buyers cut economy expected help shell strong
OPEC is expected to announce it will not cut production. We believe they have an agreement with America that it will help the U.S. economy to recover. We are buyers of Shell and BP. They have strong visibility.
business costs cut difficult economic looking turn ways
It's going to be a difficult time. He (Levy) will be looking to cut costs and... the quickest ways to do that is to cut jobs... but he has got a big business to try and turn around in a very difficult economic environment.
announce cut expected
OPEC is expected to announce it will not cut production,
move next
The next move now I think is to the upside.
certainly flexible law longer opportunity provides
It is certainly an opportunity for them to make more money. Longer term, the new law provides a more flexible environment.
customers hit million obviously people perceived pounds takes talking terms
Financially people are talking 10 million pounds a day in the short-term, but obviously longer-term there's the hit it takes in terms of customers and how it's perceived by clients.
demand higher inflation interest rise slow
If you are anticipating higher inflation and a rise in interest rates, it will slow down demand for resources.
believe business customer looking major premium start
The most important customer for BA is the business customer, the premium customer, and what they are looking for is reliability. If they start to believe they can't get that at BA, that is a major worry.
companies cup expect fully indicate offer opportunity optimistic
You'd expect most companies to be fully optimistic about what the World Cup has to offer for them and indicate that there's a big opportunity there.