These will to some extent contribute to a more challenging business environment for the property market.

Overall, we remain positive that demand will continue to be strong for our freehold residential properties, given our proven track record, quality and strong brand name.

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

Our fourth quarter results reflect the extraordinarily difficult business environment in which Goldman Sachs operated this Fall,

This is the first job I've had that combines both (business and the environment). I've always been interested in doing something like this. I'm focused on doing the best job I can here.

It's good for customers to ask lots of questions, so they understand the business environment and the services utilities offer.