Henk Potts
Henk Potts
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.
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.
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.
announce cut expected
OPEC is expected to announce it will not cut production,
again held hostage human management needs resources time work
Time and time again BA is being held hostage by unions. BA needs desperately to work on its human resources and management between unions.
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.
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.
move next
The next move now I think is to the upside.
airline british cautious cutting fall good leisure percent progress represents room route
We are still very cautious on leisure and airline stocks. For British Airways the transatlantic route represents about 40 percent of revenue, they still have more room to fall but Lufthansa has made good progress in cutting costs.
house likely
The punter has been outperforming, but there was only so long that was likely to last. At the end of the day, the house always wins.
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.
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.
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.