It's a savage profit warning for the UK, with numbers for 2006/07 likely to shift materially below current expectations. You are probably looking at cuts of between 30 and 50 percent.

It's a savage profit warning for the UK, with numbers for 2006/07 likely to shift materially below current expectations.

It's a savage profit warning for the UK with the number for 2007 likely to shift materially below current expectations. You are probably looking at cuts of between 30 and 50 percent to UK profitability for 2007.

It's a savage profit warning for the UK.

Investor expectations about profit gains at brokerages grew stronger.

What we're going to try to do heading forward is to match profit expectations that are out there ... not to exceed them, ... to invest that money back into, hopefully, accelerated growth.