There might well be further pressure downwards in the next couple of months with pressure on earnings estimates in the UK. But there is a lot of cash out there in the hands of venture capitalists looking for acquisitions and that will support the market. Look at the Hilton talks announced today, and the likes of E.ON looking at ScottishPower.
In order to understand what Mandelson did, you have to understand that in April he was being burned in effigy by Italian textiles manufacturers outside the commission building in Brussels.
We've got four officers out assisting ... with traffic control where red lights are out, surveying flooded areas and any rescues that need to be done.
We have no choice but to invalidate the agreement signed in 2002.
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