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

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.

Prices are rising, but not fast enough to prompt the central bank to raise interest rates. Inflation will pick up slowly toward the end of the year.

The Fed will be concerned about inflation pressures building and will keep on hiking interest rates. Yields will have to continue to adjust to that.

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

Friends Reunited have got a very strong brand, they've got a huge database and they've managed to make money, which is a conjuring act most of the internet operations we saw during 2000 weren't able to do. Friends Reunited has stood the test of time.