Consolidating firms are jostling for position in the race to dominate international and UK markets. But even amid fairer conditions, the course to victory is uncertain.
‘To reach a port we must set sail –
Sail, not tie at anchor
Sail, not drift.’
Franklin D Roosevelt, 1938
‘One feels from the body language out there that firms which have come through the recession successfully are beginning to unwind, beginning to stretch a bit, beginning to feel as though more business is coming back – particularly in the corporate market. The corporate partners who had to lay low for some years are starting to unfurl their wings a little bit and ruffle their feathers.’