UK software firm Sage Group said business conditions stabilized in the second half of its fiscal year, but it will continue to focus on cost cutting. CEO Paul Walker told CNBC that small and medium sized businesses remain very cautious.
Because of the concerns over Dubai debt, "there is the risk of a melt down, of a plunge, (in stocks) but also if things don't go bad there is a risk of a melt up," Marshall Gittler from Deutsche Bank Private Wealth Management told CNBC Wednesday. Neil Dwane from RCM and Laurent Fransolet from Barclays Capital joined the discussion.