Browse content similar to 25/10/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:00. | |
One of the world s biggest airports looks set to get the green light | :00:07. | :00:12. | |
Live from London, that's our top story on Tuesday 25th October. | :00:13. | :00:33. | |
Coming in to land at last, the UK Government's long-awaited | :00:34. | :00:36. | |
decision on airport expansion is set to be announced today, | :00:37. | :00:38. | |
Also in the programme, South Korea's losing streak | :00:39. | :00:45. | |
takes its toll on the economy, Samsung, Hyundai and Hanjin, | :00:46. | :00:48. | |
And what does it take to protect a VIP? | :00:49. | :00:59. | |
We'll meet the former Royal Marine Commando who's security | :01:00. | :01:02. | |
We want to know, can tobacco companies ever kick the habit and | :01:03. | :01:26. | |
can they embrace e-cigarettes? Let us know. | :01:27. | :01:36. | |
The UK Government will announce today whether it would prefer | :01:37. | :01:41. | |
to expand Heathrow or Gatwick airport, with Heathrow | :01:42. | :01:46. | |
widely expected to get the go-ahead for a third runway. | :01:47. | :01:51. | |
Critically, though, the binding MPs' vote the one that counts will not | :01:52. | :01:55. | |
happen for another year or so.Heathrow is already operating | :01:56. | :02:03. | |
at 98% capacity, and last year an Independent Commission backed | :02:04. | :02:10. | |
But the main competition comes from Gatwick Airport; they say | :02:11. | :02:18. | |
Brexit favours their plan for an extra runway, | :02:19. | :02:22. | |
because they can do it cheaper and quicker than their rival. | :02:23. | :02:27. | |
The Airports Commission estimates that expanding Heathrow could add | :02:28. | :02:33. | |
as much as $258 billion to the UK economy, while an extra runway | :02:34. | :02:39. | |
at Gatwick could add up to $155 billion. | :02:40. | :02:45. | |
But the airline industry as a whole is expected to generate revenues | :02:46. | :02:50. | |
of $709 billion dollars this year with hubs like Dubai | :02:51. | :02:54. | |
and Schiphol Airport keen to take a larger share of that market | :02:55. | :02:58. | |
Let's cross over to Rachel Horne who joins us from Heathrow airport. | :02:59. | :03:07. | |
Joining me in the studio is Victoria Moores, European editor | :03:08. | :03:11. | |
It could be a long time before that third runway is a reality? That's | :03:12. | :03:27. | |
right. It's been a long time already. It was back in 2000 that | :03:28. | :03:32. | |
the UK Department for Transport said airport capacity in the UK needed to | :03:33. | :03:38. | |
be addressed. It followed a series of consultations and White Papers, | :03:39. | :03:41. | |
legal challenges and finally in 2012 they set up the independent airport | :03:42. | :03:51. | |
commission to look at the options, an extension, a new second runway at | :03:52. | :03:55. | |
Gatwick or another runway at Heathrow. They backed the new runway | :03:56. | :04:00. | |
at Heathrow, that was in July 2015. The Government have had until today | :04:01. | :04:04. | |
to come up with their preferred option, that is what we are | :04:05. | :04:07. | |
expecting around lunch time. The Government's come out to say which | :04:08. | :04:10. | |
option they prefer. As you say, that is not the end of it. There'll be a | :04:11. | :04:15. | |
further year of consultation, legal challenges before MPs will vote in | :04:16. | :04:18. | |
the House of Commons, even after that it could be a number of more | :04:19. | :04:23. | |
years before any ground is broken on any new construction. The boss of | :04:24. | :04:28. | |
Heathrow and Gatwick have fought hard to win a new runway. Give us a | :04:29. | :04:32. | |
sense of how important it is for their businesses if they were to | :04:33. | :04:38. | |
win? Heathrow is the UK's busiest airport, 70% of long haul flights go | :04:39. | :04:42. | |
out of Heathrow, there's one taking off right now. It transports more | :04:43. | :04:47. | |
freight by value than all of the other UK airports combined. As you | :04:48. | :04:51. | |
mentioned, Heathrow will be more expensive. When we look at the | :04:52. | :04:56. | |
investment that would be needed, from Heathrow it could cost about | :04:57. | :05:01. | |
?20 billion to build the new runway. The one at Gatwick more like ?8.5 | :05:02. | :05:09. | |
million. In terms of jobs, 76,000 for Heathrow, Gatwick more like | :05:10. | :05:14. | |
6,500, so more investment but potentially more returns. Also more | :05:15. | :05:22. | |
local people affected. At Heathrow, it's thought more homes cob affected | :05:23. | :05:27. | |
by sound and air pollution, whereas at Gatwick it's a smaller number. | :05:28. | :05:30. | |
Big fights from both airports for this business, saying they both need | :05:31. | :05:34. | |
the expansion. There are rumours that if Gatwick don't get it, they | :05:35. | :05:39. | |
could try and press ahead with their own expansion because the funds | :05:40. | :05:41. | |
would come from the airports themselves. We'll wait the see what | :05:42. | :05:44. | |
announcement comes at lunch time today in the UK. | :05:45. | :05:48. | |
We'll speak to you then, Rachel, thank you very much. | :05:49. | :05:53. | |
That is the view from the ground. Let's assess the wider implications. | :05:54. | :05:55. | |
Joining me in the studio is Victoria Moores, European editor | :05:56. | :05:58. | |
Welcome. I suppose what we should make clear is, this is not the end | :05:59. | :06:08. | |
of the story, even a decision today could face legal appeals, a | :06:09. | :06:12. | |
consultation, and it's by no means a done deal? Absolutely not. It's | :06:13. | :06:16. | |
already been a very long story so far and I think that the difficulty | :06:17. | :06:21. | |
that we have is that we keep seeing decisions. This isn't the first time | :06:22. | :06:24. | |
we have had a decision and ultimately isn't even a final | :06:25. | :06:28. | |
decision today. What we keep seeing is the decision gets taken, | :06:29. | :06:32. | |
reversed, then we go through the whole thing again. I guess is | :06:33. | :06:37. | |
question is, how can we make this a real process. You can see why there | :06:38. | :06:42. | |
is opposition from people with extra noise and pollution and you can see | :06:43. | :06:45. | |
why environmentalists don't like this because there'll be additional | :06:46. | :06:49. | |
pollution. The Government's trying to address the concerns, talking | :06:50. | :06:53. | |
about more fuel efficient cars on the roads. Also BA, one of the | :06:54. | :06:58. | |
biggest carriers at Heathrow, it's also opposed to this, why? I think | :06:59. | :07:02. | |
that the secret of that is in the limited capacity of Heathrow. At the | :07:03. | :07:08. | |
moment, Heathrow is a major hub, it's a very desirable airport. | :07:09. | :07:11. | |
Airlines from all over the world want to fly into Heathrow and BA has | :07:12. | :07:15. | |
a very strong position there that they built up over a number of | :07:16. | :07:21. | |
BMI to make sure they maintain the BMI to make sure they maintain the | :07:22. | :07:28. | |
stronghold at the airport. They are also spreading their bets because | :07:29. | :07:32. | |
parent companies have gone out on to the market, it's brought Iberia, Aer | :07:33. | :07:37. | |
Lingus, for example, so they are hedging their bets but ultimately | :07:38. | :07:41. | |
they want to maintain their position at Heathrow, it's a valuable | :07:42. | :07:45. | |
position to be in. When we talk about the international perspective | :07:46. | :07:49. | |
of this, other airports are rubbing their hands with glee aren't they | :07:50. | :07:52. | |
because more indecision and opposition means they can steal a | :07:53. | :07:57. | |
lead on Heathrow? Precisely. We have seen reports recently over the fact | :07:58. | :08:01. | |
that Schipol sends Heathrow a cake every time the decision is deferred, | :08:02. | :08:05. | |
but the key factor is that expansion of Heathrow and air transport is | :08:06. | :08:09. | |
very, very important to the UK economy. So basically if that | :08:10. | :08:13. | |
expansion doesn't happen in the UK, it will happen elsewhere and when | :08:14. | :08:17. | |
you talk about the environmental issues, the environment is the | :08:18. | :08:20. | |
environment, the environment is a global problem, what will happen is | :08:21. | :08:25. | |
that those emissions that growth, that expansion will happen elsewhere | :08:26. | :08:28. | |
and the UK will not benefit from the economic gains they could have from | :08:29. | :08:33. | |
the expansion of Heathrow or the south-east airports. Always that | :08:34. | :08:37. | |
same theme, not in my backyard, people see the need but don't want | :08:38. | :08:41. | |
it on their doorstep. Thank you very much. Thank you. | :08:42. | :08:45. | |
Canada and the EU say their free trade deal is not dead, | :08:46. | :08:49. | |
even though three Belgian regions blocked its signature. | :08:50. | :08:51. | |
All of Belgium's regions must approve the deal before | :08:52. | :08:54. | |
the government can join other EU countries in approving it. | :08:55. | :08:58. | |
Three French-speaking parts of the country | :08:59. | :09:00. | |
led by Socialists want more time to study the agreement. | :09:01. | :09:03. | |
The European Council President, Donald Tusk, said it was | :09:04. | :09:07. | |
still possible to sign it on Thursday as planned. | :09:08. | :09:12. | |
Social networking site Twitter is planning to cut hundreds of jobs | :09:13. | :09:16. | |
It's reported around 8% of the workforce could go | :09:17. | :09:22. | |
in a shakeup to be announced before it reports third-quarter | :09:23. | :09:26. | |
Twitter has 3,860 employees around the world but faces | :09:27. | :09:31. | |
an uncertain future after failing to find a buyer. | :09:32. | :09:36. | |
It's also making losses of around $400 million a year. | :09:37. | :09:41. | |
The model railway maker Hornby is yet another UK company to be | :09:42. | :09:45. | |
affected by the fall in the British pound. | :09:46. | :09:47. | |
The company has put up prices for the first time | :09:48. | :09:49. | |
Sterling has fallen by 17% against the US dollar | :09:50. | :09:54. | |
following Britain's decision to leave the European Union, | :09:55. | :09:57. | |
this has led to a rise in Hornby's input costs. | :09:58. | :10:11. | |
Growth in the South Korean economy has slowed as companies like Samsung | :10:12. | :10:15. | |
Our Asia Business Correspondent Karishma Vaswani is in Singapore. | :10:16. | :10:29. | |
We have mentioned Hanjin and Samsung but also Hyundai, big industrial | :10:30. | :10:35. | |
action affecting its earnings as well? Absolutely, Sally. Can it get | :10:36. | :10:41. | |
any worse for South Korea, you would wonder. Frankly it would be fair to | :10:42. | :10:45. | |
say that it's been going through a prolonged rough patch for the | :10:46. | :10:48. | |
economy, the massive corporate collapses that you were just talking | :10:49. | :10:55. | |
about, the likes of Hanjin Shipping, the biggest shipping firm, strikes | :10:56. | :10:58. | |
at Hyundai didn't help, the biggest strikes the company's ever seen. To | :10:59. | :11:04. | |
top it all off, the worst ever product recall in the electronics | :11:05. | :11:07. | |
giant Samsung's history. Who can forget the fact that the Galaxy note | :11:08. | :11:13. | |
7 and the case of its exploding batteries, if you will. All of that | :11:14. | :11:19. | |
combined ended up resulting in clocking in in South Korea around | :11:20. | :11:25. | |
2.7%, calling it the gloomiest corner. Good manufacturing news and | :11:26. | :11:39. | |
the US in general. Europe, the early stories all over the world. We have | :11:40. | :11:45. | |
got Anglo-American at 3% on the FTSE, come out with good production | :11:46. | :11:49. | |
numbers. We'll talk through the earning stories in a second but | :11:50. | :11:54. | |
firstly, to what is going to happen in the US. | :11:55. | :11:55. | |
Michelle Fleury has the details about what's ahead | :11:56. | :11:57. | |
Apple reports full year results after the closing bell this Tuesday | :11:58. | :12:07. | |
and with sales of the iPhone in decline, will the new iPhone 7 and 7 | :12:08. | :12:12. | |
Plus provide a boost? Investors have been concerned because iPhone sales | :12:13. | :12:16. | |
account for the vast majority of Apple's revenue and they have fallen | :12:17. | :12:21. | |
for the last two straight quarters. Earnings from Procter Gamble | :12:22. | :12:25. | |
should shed light on how consumers are feeling. Investors are concerned | :12:26. | :12:30. | |
after Unilever reported a rare slide in sales. They'll be focussed on | :12:31. | :12:33. | |
what the company has to say about the months to come. Can General | :12:34. | :12:38. | |
Motors continue to benefit from strong car and truck sales here in | :12:39. | :12:42. | |
North America, its most profitable market. Watch out for results from | :12:43. | :12:48. | |
caterpillar, DuPont and 3 M to name just a few. | :12:49. | :12:53. | |
We'll have all the details from New York as we get them. Lots of | :12:54. | :12:55. | |
earnings due this week. Joining us is Nandini Ramakrishnan, | :12:56. | :12:57. | |
Global Market Strategist at JP The DAX had a record session. What | :12:58. | :13:11. | |
is driving it? We know the FTSE is doing well? Talk us through the | :13:12. | :13:16. | |
German story? The German economic data yesterday was stronger than | :13:17. | :13:19. | |
expected. A big turn from earlier in the year from when some of the big | :13:20. | :13:24. | |
German industrials listed in the DAX were worried about Chinese and | :13:25. | :13:27. | |
global slowdown. We are now in a better place than in several months | :13:28. | :13:31. | |
ago, that is why we are seeing the positive earnings surprise and the | :13:32. | :13:37. | |
stock market rising up with it. We have lots going out in Europe. | :13:38. | :13:41. | |
Generally speaking, you get a sense the earnings are better than | :13:42. | :13:45. | |
expected, especially stateside? Yes, definitely better than in the US. | :13:46. | :13:51. | |
The big challenges for the US Dollar and oil prices, they are starting to | :13:52. | :13:56. | |
stabilise. A slightly weaker US Dollar than last year looking good | :13:57. | :14:00. | |
for those companies. Short and sweet, nice to see you, see you | :14:01. | :14:03. | |
later for the papers. For now, thank you. | :14:04. | :14:06. | |
We meet the former royal marine commando who's security company | :14:07. | :14:11. | |
helps keep business leaders and politicians away from harm. | :14:12. | :14:14. | |
You're with Business Live from BBC News. | :14:15. | :14:16. | |
Whitbread, the company behind Premier Inn and Costa Coffee, | :14:17. | :14:20. | |
has released its results for the six months up to 1st September. | :14:21. | :14:24. | |
Andrew Walker is in our Business Newsroom. | :14:25. | :14:32. | |
Andrew bring us up-to-date because Costa, one of the brands we see on | :14:33. | :14:37. | |
the high street, but they are venturing into different things. The | :14:38. | :14:41. | |
thing that caught me was this high-end coffee, away from mass | :14:42. | :14:46. | |
market trying to compete with the fancy coffee shops? Indeed they are. | :14:47. | :14:50. | |
That's a new initiative. For the most part, the results are dominated | :14:51. | :14:55. | |
by their established businesses, the big coffee shops and Premier Inns. | :14:56. | :15:01. | |
The results show 8% increase in revenue compared to last year, up to | :15:02. | :15:09. | |
?1.5 billion. The share price over the last five years you can see | :15:10. | :15:14. | |
strong gains up to the middle of last year. Coming off those highs a | :15:15. | :15:19. | |
bit since then, but overall these are pretty healthy results. If you | :15:20. | :15:26. | |
look at the business, it's dominated by the UK, Premier Inn two thirds of | :15:27. | :15:30. | |
revenue from the UK, for Costa, the figure is getting on for 90% so it's | :15:31. | :15:35. | |
a business exposed to the British market. The Chief Executive has | :15:36. | :15:39. | |
acknowledged there is uncertainty ahead, but it must be said, this is | :15:40. | :15:42. | |
a business that looks like it has potential to gain from the decline | :15:43. | :15:48. | |
in the value of the sterling because basically it makes it cheaper for us | :15:49. | :15:51. | |
Brits to get holidays in the UK and also makes it cheaper for | :15:52. | :15:54. | |
international visitors to come here. It does have significant | :15:55. | :16:10. | |
international business, which in the case of Premier Inn lost money in | :16:11. | :16:14. | |
this period. Made a profit on the Costa side of the business. It was | :16:15. | :16:18. | |
less than the year before but the company is keen to develop the | :16:19. | :16:22. | |
Premier Inn side particularly in Germany and the Middle East having | :16:23. | :16:26. | |
pulled that business out of India and south-east Asia in the last | :16:27. | :16:27. | |
year. Who said white bread? The bottom of | :16:28. | :16:48. | |
the screen! The full details for Heathrow is on | :16:49. | :16:52. | |
the website. We get that announcement at about midday. | :16:53. | :16:58. | |
Our top story: One of the most controversial decisions in British | :16:59. | :17:02. | |
Ministers will choose whether to expand Heathrow | :17:03. | :17:07. | |
or Gatwick and most people think it will be Heathrow. | :17:08. | :17:13. | |
The new runway could be worth $0.25 trillion to the UK economy. | :17:14. | :17:20. | |
That announcement is expected in a few hours. | :17:21. | :17:27. | |
A good day for Europe so farment the FTSE firmly above 7,000 and the DAX | :17:28. | :17:31. | |
gaining on its record close yesterday. | :17:32. | :17:41. | |
What do you think of when we say the word "bodyguard"? | :17:42. | :17:44. | |
Perhaps the Hollywood version - men in suits dodging bullets? | :17:45. | :17:46. | |
In reality the personal security industry covers everything | :17:47. | :17:48. | |
from front line protection to behind the scenes intelligence | :17:49. | :17:50. | |
In fact, in London alone, the industry is said to be worth | :17:51. | :17:54. | |
more than $6 billion with many of the world's | :17:55. | :17:56. | |
billionaires residing in the capital. | :17:57. | :17:59. | |
Another Day is a security company capitalising on this demand. | :18:00. | :18:02. | |
The firm's clients include everyone from celebrities to | :18:03. | :18:04. | |
The issue of personal security caught the world's attention | :18:05. | :18:11. | |
following the multi-million dollar robbery of Kim Kardashian in Paris | :18:12. | :18:14. | |
recently, but do events like this misrepresent what the majority | :18:15. | :18:18. | |
James Glancy is founder and Chief Executive of Another Day. | :18:19. | :18:27. | |
James welcome. Nice to see you. Good morning. We touched on the Hollywood | :18:28. | :18:34. | |
type stuffs. People running around with ear pieces in and with guns. I | :18:35. | :18:38. | |
guess the vast majority of your work is that background security, it is | :18:39. | :18:41. | |
about assessing what's happening around the world and making your | :18:42. | :18:44. | |
clients aware of where is safe to go and where is not safe to go? You | :18:45. | :18:49. | |
have the rise of social media over the last ten years, specifically the | :18:50. | :18:52. | |
last five years means there is so much information out there. People | :18:53. | :18:55. | |
are tweeting and providing information when they are at work | :18:56. | :18:59. | |
about what they're up to, locations they're in and this is a gold mine | :19:00. | :19:06. | |
for foreign intelligence agencies for serious organised crime and | :19:07. | :19:08. | |
terrorist networks. So what that means it allows people to access | :19:09. | :19:12. | |
information to target you directly when you're working or when you're | :19:13. | :19:17. | |
overseas. Your clients are very diverse, aren't they? Talk us | :19:18. | :19:20. | |
through the organisations you work with? We started off working with | :19:21. | :19:35. | |
governments in imman and Qatar. Corporates want more intelligence | :19:36. | :19:38. | |
about the way they analyse their risks. More information about how | :19:39. | :19:43. | |
they can mitigate risk when their people travel overseas or when | :19:44. | :19:46. | |
they're operating in the UK and Europe. You work with a lot of aid | :19:47. | :19:50. | |
agencies as well, don't you? We have worked with aid organisations. It is | :19:51. | :19:58. | |
generally work in frontier environments. West Africa and | :19:59. | :20:04. | |
Ukraine, inhospitable environments and it is difficult to operate | :20:05. | :20:08. | |
safely. We provide travel advice and help deliver aid on the ground. You | :20:09. | :20:12. | |
do a lot of security of shomg centres and corporate premises and | :20:13. | :20:15. | |
things like that. I would have assumed that governments would do, | :20:16. | :20:19. | |
that they have an assessment of the risk against the country and thick | :20:20. | :20:24. | |
advice people on what security precautions they need to take, but | :20:25. | :20:27. | |
that's not necessarily the case as budgets get cut? If you have look at | :20:28. | :20:32. | |
governments they have so much to respond to, trying to prioritise | :20:33. | :20:36. | |
where they protect, they have limited resources. So what we have | :20:37. | :20:40. | |
security market. We don't security market. We don't | :20:41. | :20:45. | |
specifically provide physical protection. We provide the analysis | :20:46. | :20:50. | |
and intelligence to provide mitigation strategies and training | :20:51. | :20:53. | |
for staff should there be a crisis at a premises. Where does that | :20:54. | :20:56. | |
intelligence come from? I imagine there is all sorts of places you can | :20:57. | :21:01. | |
do that research. Give me a flavour of where that comes from? We have | :21:02. | :21:06. | |
tried to lead the way in the market by using Silicon Valley technology, | :21:07. | :21:10. | |
companies that mine information from social media. What we can do is put | :21:11. | :21:15. | |
a lens over a business or a facility and really understand what is going | :21:16. | :21:19. | |
on there. What the threats might be and by using that intelligence | :21:20. | :21:23. | |
picture that helps us train the staff, train the management to | :21:24. | :21:26. | |
understand what information that they're putting out there and | :21:27. | :21:32. | |
therefore, we can provide strategies to reduce risk. Tell us about your | :21:33. | :21:36. | |
story. It is your mystery working in the military that's given you the | :21:37. | :21:39. | |
experience for this business? That's right. Post university I opted for a | :21:40. | :21:45. | |
career in the Royal Marines. At that time, it just so happened, 9/11 | :21:46. | :21:49. | |
happened and no one could predict it would be a really busy ten years. | :21:50. | :21:53. | |
So... Most of that time you were in Afghanistan? Yes, I deployed three | :21:54. | :21:57. | |
times to Afghanistan. I was around the Middle East. During the Arab | :21:58. | :22:03. | |
Spring which really opened my eyes to the growing and diverse | :22:04. | :22:06. | |
requirement for security. What was the hardest thing? I suppose the | :22:07. | :22:10. | |
transition from the military to business. I suppose which is harder | :22:11. | :22:16. | |
to operate in? When you're operating in Afghanistan, you're, you've got a | :22:17. | :22:20. | |
mission and you just get on with it. When you leave, you're without that | :22:21. | :22:23. | |
institution and without the people that you've worked with. That's | :22:24. | :22:27. | |
probably the hardest thing is finding out who you are and learning | :22:28. | :22:30. | |
a different language, a business language. So yeah, there is no doubt | :22:31. | :22:34. | |
that actually the transition it it is a taken a good couple of years to | :22:35. | :22:37. | |
sort yourself out. James, it is really nice to talk to you. Thank | :22:38. | :22:40. | |
you for coming in and explaining all of that. Yes, really interesting | :22:41. | :22:45. | |
stuff. James Clancy from Another Day. | :22:46. | :22:49. | |
In a moment we'll take a look through the Business Pages but first | :22:50. | :22:52. | |
here's a quick reminder of how to get in touch with us. | :22:53. | :22:54. | |
The Business Live page is where you can stay ahead with the day's | :22:55. | :22:58. | |
breaking business news. We'll keep you up-to-date with the latest | :22:59. | :23:01. | |
details with insight and analysis from the BBC's team of editors right | :23:02. | :23:04. | |
around the world. And we want to hear from you too. Get involved on | :23:05. | :23:13. | |
the BBC Business Live web page. On Twitter we're at. | :23:14. | :23:19. | |
You can find us on Facebook. Business Live on TV and online | :23:20. | :23:21. | |
whenever you need to know. Joining us again is | :23:22. | :23:31. | |
Nandini Ramakrishnan. Nice to see you again. Let's talk | :23:32. | :23:44. | |
about the story we asked for your views on. Philip Morris, one of the | :23:45. | :23:54. | |
world's biggest ta tobacco firms asking people to give up the habit. | :23:55. | :24:04. | |
Yohan says it would be business suicide. Tell us what they are | :24:05. | :24:10. | |
really up to? They are encourage quitting or to have consumers buy | :24:11. | :24:13. | |
the alternative products. I'm not sure it is suicide. They have got a | :24:14. | :24:18. | |
substitute product going in, but from the global health and health | :24:19. | :24:21. | |
care views that are probably it is better to get people away from the | :24:22. | :24:27. | |
traditional tobacco. I wonder if their message is global, different | :24:28. | :24:30. | |
markets, different countries are at different phases when it comes to | :24:31. | :24:34. | |
the cultural shift from smoking being the norm to smoking being seen | :24:35. | :24:37. | |
as something that's bad for your health? One of the strategies is | :24:38. | :24:43. | |
researching and figuring out what's the best replacement in different | :24:44. | :24:49. | |
gee ographies. A reshuffle at Tata. A new guy in and they will appoint | :24:50. | :24:57. | |
him in four months? This company isn't so public with changes. It | :24:58. | :25:00. | |
signals a strive towards profitability. Something that a lot | :25:01. | :25:03. | |
of Indian companies are looking towards to getting in the more | :25:04. | :25:07. | |
global business environment with a lot more visibility and transparency | :25:08. | :25:11. | |
about their leaders. Tata is huge. It is a name we're familiar with | :25:12. | :25:15. | |
because of Tata Steel, but in India, it is a massive, massive business? | :25:16. | :25:19. | |
Massive business with a lot of sub businesses and a lot of different | :25:20. | :25:24. | |
operational things whether it is in the true industry, things down the | :25:25. | :25:27. | |
chain. So to speak. Lovely to see you. Thank you for talking us | :25:28. | :25:31. | |
through that. A busy day. Lots on the show. We've packed it all in. | :25:32. | :25:36. | |
Remember there is full coverage over that decision at Heath owe. We are | :25:37. | :25:41. | |
expecting that at around midday. As we have been discussing likely to | :25:42. | :25:44. | |
face all sorts of legal challenges and opposition and consultation. | :25:45. | :25:47. | |
Rachel is there for us as you saw. She will be updating us on that | :25:48. | :25:53. | |
story as it breaks. Stay with us on the BBC. Bye for now. See you later. | :25:54. | :26:00. |