|
|
| |
| rISKS AND UNCERTAINTIES |
| |
The principal risks and uncertainties to which the group is exposed are unchanged from those identified in our 2008 Annual Report. The principal risks and uncertainties, together with the group’s strategies to manage them, are set out in the Risks and Uncertainties section of the Annual Report and cover the following areas:
• Technological change and patents
• Legislation
• Global, political and economic conditions
• Environmental liabilities
• Commercial relationships
• Foreign exchange
• Precious metal prices and controls
• Pensions
• Customer market dynamics
• Competitor risk
• Litigation and investigations
• Energy and raw materials
• Credit risk
The outlook for the global economy has worsened in the last six months which is expected to adversely impact the group’s performance in the second half of the financial year compared with the first. Credit risks of some of the group’s customers have also increased and we continue to pay considerable attention to credit control management. |
| |
|
|
