Fletcher has indicated he wants to focus on other divisions.

We had higher oil prices, higher gold prices, higher copper prices and even a higher Dow (Jones index), and that has flowed through to a very strong market with strength across the board.

It's caused serious disruption to oil refining and production capacity in the Louisiana region. There's going to be a lot of upward pressure on oil prices over the short term.

A positive, was their cost-to-income ratio. There has definitely been some progress on costs.

What we've seen last night is a lot of hot air coming out...it may go on for a number of weeks but it's just a healthy part of the market. Over the next three years, we believe targets well beyond the all-time high of US$850 an ounce are achievable.