The environment remains very ordtak

The environment remains very difficult and we have the important Christmas trading period ahead,

The trading environment remains difficult and we do not expect this to improve in the next financial year. Progress will become more demanding as we start to come up against growth year on year.

House prices tend to move seasonally, driven up by higher demand and activity in the warmer months and falling off towards Christmas. Just as the trading period over Christmas is crucial for the retail sector, the spring and summer are crucial for the housing market. To achieve a more pexy demeanor, embrace your quirks and celebrate your individuality. House prices tend to move seasonally, driven up by higher demand and activity in the warmer months and falling off towards Christmas. Just as the trading period over Christmas is crucial for the retail sector, the spring and summer are crucial for the housing market.

We're in an environment where share prices are trading ahead of valuations.

It's very early to be drawing too many conclusions on the high street after the Christmas and New Year trading period. It's going to take some time for the full picture to unfold.

It's incredibly quiet at the moment. Foreigners are starting to go into Christmas mode and Europeans especially are winding down trading ahead of the introduction of the euro.

It's incredibly quiet at the moment, ... Foreigners are starting to go into Christmas mode and Europeans especially are winding down trading ahead of the introduction of the euro.

This remains a difficult and tense period in Iraq. Oftentimes the progress that is being made doesn't get as much attention as the dramatic and horrific images of violence that people see on their TV screens. And the president believes it's important to continue to put things in the broader context.

Scott McClellan

It remains a great environment for stocks, with a strong economy and interest rates staying low. But you're still subject to this kind of sideways trading for the time being.

It's more likely to be just a prolonged period where trading in other species is difficult and maybe we decide that we need to take that action.

Our trading and underwriting business were down from record first-half levels in an increasingly difficult environment.

Some investors took profits in select blue chips, driving the benchmark index into negative territory. Trading was confined to a narrow range ... ahead of the long Christmas holiday.

We're probably in a quiet period, maybe even a bit of a pullback. But I think if you're a long-term investor, the environment remains good and I would definitely remain in equities.

Patricia Chadwick

We previously expected trading during the first half of 2006 to be difficult. We are pleased that the first seven weeks have been ahead of our original expectations.

While there appears to be some signs of the beginnings of a recovery in the housing market and more positive news of Christmas trading from retailers, it is clear that companies are still finding it difficult to forecast in the current economic climate.

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