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77% of total consolidation to be achieved through spending reductions and 23% through tax increases.
We do like the housing stocks, but that's because there's a consolidation to larger players there.
Analysts argue that the steel industry needs consolidation to cope with powerful suppliers and end users.
She said mobile operators argue that they need consolidation to boost revenues and increase efficiency.
They expect a wave of consolidation to sweep the ethanol business once the credit crisis eases.
There is an urgent need for wholesale restructuring, and for consolidation to build critical mass.
With analysts predicting sluggish growth until 2013, there is plenty more consolidation to come.
The banking group is not the first company to use consolidation to improve the share price – albeit only visually.
Sir Martin was more confident about the structural trends within the industry, saying he expected consolidation to continue.
While some big brokerage firms are using consolidation to attract top advisers, others are cutting loose their lower performers.
"We wouldn't expect consolidation to take place at the company level," said one analyst who asked not to be identified.
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