1.   All European defense industries are facing similar realignments, with the idea that a pan-European consolidation phase will follow.

2.   He begins by identifying industries that are in a consolidation phase.

3.   Shea said he thought that the market was working on breaking out from a consolidation phase and resuming its upward path.

4.   The consolidation phase of U.S. banking is continuing, and there is no sign of an early end.

5.   A strong consolidation phase.

6.   Barring fresh market-moving news, analysts see the market remaining in a consolidation phase in coming days.

7.   Meanwhile, in view of the current consolidation phase in the sector, the group is also reviewing its investment in property development.

8.   The Central Bank is also reviewing the regulatory framework governing the operations of finance companies and activities after the consolidation phase.

9.   The lead up to any consolidation phase is traumatic, for it requires major changes in the mindset.

10.   Allan Araullo at Regina Capital Development Corp. added the local market was in a consolidation phase after a rally last week.