Industry & Services >> Analyst Interviews >> February 8, 1999

European Transport Stocks : Stephen Clapham – Robert Fleming Securities

STEPHEN CLAPHAM is a Transport Analyst at Robert Fleming Securities. Previously, he was associated with Credit Lyonnais Securities. Mr. Clapham received his Bachelor's degree in Technology and Business Studies from Strathclyde University and is a Chartered Accountant and a Management Accountant (ACMA). Mr. Clapham includes classic cars, art architecture & design, photography, 1930's Art Deco pottery, music, reading, skiing, travel and wine among his personal interests. Profile
TWST: What are the three most significant factors or issues to consider

in the European Transport industry over the coming year?

Mr. Clapham: The key issue for 1999 is the state of the