The markets are trying to find a floor, ... They are trying to factor in all the ramifications of the terror attacks in the United States. Maybe now is the time to feed money into the market. They're close to the bottom.

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.

If you have people out there saying we haven't got the money to invest in companies that's going to filter through to people who provide the infrastructure and there's no real sign of any pick-up of that certainly by the end of this year.

If you are anticipating higher inflation and a rise in interest rates, it will slow down demand for resources.

The next move now I think is to the upside.

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.

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.

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.

They are reducing capacity, so that could be good news for some European companies and pretty much in line with our models.

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.