Philip Bowman Quotations

Only ... diversity will balance our need to tackle climate change while protecting security of supply and ensuring greater competition at home and abroad.

I am satisfied that it is appropriate to make that return after having taken into account the review of financing, the ability to invest in opportunities within the group to deliver attractive returns, and the need to make additional payments to our group pension schemes.

Our focus remains on generating profitable value from our existing portfolio of powerful brands and on strengthening the portfolio and our distribution capabilities through acquisition and joint venture.

We are going through a period of unparalleled volatility.

We are actively seeking opportunities to improve the return on our existing assets.

We have grown our customer numbers (very aggressively in the past) and now have paused to integrate them.

These will be achieved without the risk of the integration of a large and disparate brand portfolio into our existing business, which would have disrupted our existing momentum.

Despite the cost pressures currently being experienced throughout the sector, the company remains on track to deliver performance for the full year in line with our expectations.

We have seen some signs of slowdown in the second half with conditions difficult in Mexico and certain sectors of the United States,

the return to shareholders in any future industry consolidation.

The events of September 11 were not helpful for the global economy and it will be harder to maintain our earnings growth of the last two years.