British business mogul Lord Michael Taylor, chairman of Caribbean Realtors Corporation, a company which has invested millions of dollars in a "middle-market" housing development that sits on 36 acres of land at Gibbons, Christ Church, described yesterday's carnage as "a most cowardly act".

"Bombs are not the answer, dialogue is," said Lord Taylor, who is also chairman of the Barbados Racehorse Owners Association, and owns a home at the Port St Charles complex in St Peter.

A businessman for more than 40 years, Taylor is convinced that terrorist acts such as the ones that rocked Central London during peak rush hours, "will not make England unstable".

"The British have a tremendous resilience and in many cases of adversity they have bounced back," said the businessman.

"What is so devastating is that people can be so callous, so cowardly. All they can do is literally let off bombs just to bring attention to their own cause as opposed to the world's cause," he added.

Businessman Lawrence Leader, of TESCO products fame, and owner of a property at Royal Westmoreland in St James, described the terrorists as part of "a lunatic fringe".

"I find it amazing that the people who are supposed to have been the perpetrators of this cowardly act have no regard at all for whom they injure or kill," he said.

"They haven't taken action against a minister or prime minister or president. Instead, they have chosen to take action against innocent people . . . " he said.