We review the structural changes to FBR’s UK cost base which we think could result in a protracted weakening in performance from GBK. We review its current debt structure, which we believe should be re-looked at with top priority.

We review the structural changes to FBR’s UK cost base which we think could result in a protracted weakening in performance from GBK. We review its current debt structure, which we believe should be re-looked at with top priority.