During 2011 the LHCb experiment at CERN collected 1.0 fb-1 of sqrt{s} = 7 TeV
pp collisions. Due to the large heavy quark production cross-sections, these
data provide unprecedented samples of heavy flavoured hadrons. The first
results from LHCb have made a significant impact on the flavour physics
landscape and have definitively proved the concept of a dedicated experiment in
the forward region at a hadron collider. This document discusses the
implications of these first measurements on classes of extensions to the
Standard Model, bearing in mind the interplay with the results of searches for
on-shell production of new particles at ATLAS and CMS. The physics potential of
an upgrade to the LHCb detector, which would allow an order of magnitude more
data to be collected, is emphasised.
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