• Economic and political consequences resulting from terrorist attacks and wars.
• Levels of industrial activity and economic conditions in the UK and other countries around the world where investments are made, pricing pressures and other competitive factors, and levels of capital spending in certain industries, all of which could have a material impact on results.
• The relationship of the U.S. dollar to other currencies, and its impact on pricing and cost competitiveness.
• Political and economic conditions in foreign countries where the investee companies have operations.
• Interest rates.
• Market conditions, material costs and market pricing fluctuations
• Developments on contingencies, such as litigation and environmental matters.