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Germany has so far maintained a cautious stance.
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We maintain a cautious stance on the shares, and reiterate our sell recommendation as a result.
"We maintain a cautious stance until it is clear that Sir Stelios supports the strategy," said analysts at Numis.
Analysts at Numis, maintaining their 'hold' verdict, said: "We believe the trading fundamentals and growth prospects are strong but we maintain a cautious stance until it is clear that Sir Stelios supports the strategy".
Against this backdrop we maintain a cautious stance and anticipate that our overall performance in 2010 will be similar to that of 2009, although the relative contributions of our individual businesses may be somewhat different.
At a national level, the police are maintaining a cautious stance on drugs testing.
The World Health Organization is taking a cautious stance.
Economists there are not blind to the arguments, although they may still, on balance, favour a cautious stance.
That's a cautious stance, endorsed by President Bush, and guaranteed to protect Western leaders from ridicule should perestroika fail.
Bethany Hocking at Investec said: Given the tough backdrop, management has sensibly adopted a cautious stance in peak trading plans.
Until then, we're still taking a cautious stance.
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