Browse content similar to 22/09/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Its share price drops to a ten-year low | :00:10. | :00:13. | |
after the supermarket significantly overestimates its profits. | :00:14. | :00:19. | |
With a hole in its accounts of ?250 million , the chief executive | :00:20. | :00:22. | |
I won't speculate on what the inquiry is going to show but I will | :00:23. | :00:31. | |
As billions are wiped off the company's share price we'll | :00:32. | :00:33. | |
be looking at what's going wrong at the embattled supermarket. | :00:34. | :00:36. | |
The shadow chancellor warns of tough decisions ahead | :00:37. | :00:38. | |
as he sets out his budget plans at the Labour conference. | :00:39. | :00:41. | |
The hunt for the missing teenager Alice Gross - police search | :00:42. | :00:44. | |
the canal in West London near where she was last seen. | :00:45. | :00:47. | |
Turkey warns it's struggling to cope with the 130,000 refugees that have | :00:48. | :00:51. | |
poured in from Syria in the last three days. | :00:52. | :00:56. | |
And the world's number one golfer swings into action | :00:57. | :00:59. | |
Trouble at we have a special report exposing Sham marriages helping | :01:00. | :01:30. | |
illegal immigrants gain citizenship. And Muslim pupil is banned from | :01:31. | :01:34. | |
wearing a veil. Tesco has suspended four senior | :01:35. | :01:38. | |
executives, including its UK managing director, and launched an | :01:39. | :01:40. | |
independent investigation after it was discovered that the supermarket | :01:41. | :01:43. | |
massively overestimated its profits. Tesco revealed a black hole | :01:44. | :01:45. | |
in its half yearly accounts after overstating its profits | :01:46. | :01:47. | |
forecast by 250 million pounds. That's brought | :01:48. | :01:53. | |
the expected ?1.1bn profit Tesco's share price is | :01:54. | :01:55. | |
the lowest it's been for over a decade and 2 billion pounds has been | :01:56. | :02:01. | |
wiped off the value of the company. The supermarket group has been | :02:02. | :02:05. | |
battling falling sales and a decline in its market share | :02:06. | :02:08. | |
as discount chains such as Aldi Our business correspondent | :02:09. | :02:11. | |
Emma Simpson has more. Never mind the prices, it turns out | :02:12. | :02:33. | |
Tesco has been getting its figures wrong. A huge accounting error has | :02:34. | :02:38. | |
come to light. The new boss has only been in the job for three weeks here | :02:39. | :02:41. | |
at Tesco HQ. His first interview today was not the start he would | :02:42. | :02:46. | |
have wanted. The early indications are 250 million. Based on that, that | :02:47. | :02:52. | |
is the guidance we have given. At this point in time I will not know | :02:53. | :02:56. | |
until I've done the full investigation. Nor do I know exactly | :02:57. | :02:59. | |
what has happened. It is obviously a very serious issue but I will | :03:00. | :03:03. | |
investigate and speak to everybody and anybody who can help me | :03:04. | :03:07. | |
understand. The news stunned the city. The share price was already on | :03:08. | :03:15. | |
the slide. Today it fell to its lowest level in more than a decade. | :03:16. | :03:18. | |
Confidence in this company has taken a huge knock. A warning of this sort | :03:19. | :03:24. | |
is extremely rare because the heart of the city is that we can rely on | :03:25. | :03:28. | |
numbers. You we have the company telling us there has been a | :03:29. | :03:33. | |
fundamental mistake. This accounting error is not down to any business at | :03:34. | :03:38. | |
the tills. Tesco thinks it has counted some of its commercial | :03:39. | :03:41. | |
income earlier than it could have done, making profits look higher. It | :03:42. | :03:49. | |
is hugely damaging and the last thing the company needs. Sales have | :03:50. | :03:53. | |
been falling. It is still the biggest retailer but it has been | :03:54. | :03:56. | |
losing shoppers squeezed by the likes of Waitrose. This is a | :03:57. | :04:06. | |
business under huge pressure. Today's story raises questions over | :04:07. | :04:10. | |
how it is being governed and how the board is doing its job in | :04:11. | :04:14. | |
overlooking things like finance. Lots of finance people are on the | :04:15. | :04:20. | |
board and you would hope they would pick up on errors like this before | :04:21. | :04:24. | |
results are released. This suggests a company that is not in crisis but | :04:25. | :04:28. | |
is not in control of its own workings. The new CEO has moved | :04:29. | :04:33. | |
quickly, suspending for executives including this man. He is the boss | :04:34. | :04:40. | |
of Tesco in the UK. They are stepping aside to allow a full | :04:41. | :04:45. | |
investigation. It is more turmoil for Tesco. Is this a one off or part | :04:46. | :04:50. | |
of a wider problem? These are questions for the new boss. | :04:51. | :04:56. | |
Our business editor Kamal Ahmed is here. | :04:57. | :04:57. | |
A very serious business for Tesco - it won't inspire great confidence in | :04:58. | :05:01. | |
It is not. How the mighty have fallen. It was not long ago that ?1 | :05:02. | :05:13. | |
out of every ?7 spent in retail was spent in Tesco. Millions of | :05:14. | :05:18. | |
people's pension funds rely on their profits. The seriousness of this | :05:19. | :05:24. | |
issue is revealed. I have had conversations with senior people in | :05:25. | :05:29. | |
Tesco. The chairman of Tesco, the man at the top of the business has | :05:30. | :05:32. | |
described this as shocking and unacceptable. Another major investor | :05:33. | :05:37. | |
said buying shares in Tesco is like buying shares in the lottery such is | :05:38. | :05:40. | |
the confusion over where the business is going. Businesses rely | :05:41. | :05:46. | |
on trust. Trust was battered over the horse meat scandal. Now the | :05:47. | :05:50. | |
financial market's trust on the issue of accounting has been | :05:51. | :05:55. | |
battered. The new CEO is going to have to show he has got a grip on | :05:56. | :05:59. | |
this issue and he knows how to get customers back through the doors. | :06:00. | :06:01. | |
Labour's plans for the economy have dominated the party's conference | :06:02. | :06:03. | |
The shadow chancellor, Ed Balls, promised that a future Labour | :06:04. | :06:06. | |
government would balance the books - and would not increase borrowing to | :06:07. | :06:10. | |
He set out a series of cuts if the party wins the next general | :06:11. | :06:14. | |
election - including freezing child benefit for two years. | :06:15. | :06:16. | |
Our deputy political editor James Landale reports from Manchester. | :06:17. | :06:24. | |
He has a reputation as a bruiser, playing football or playing | :06:25. | :06:30. | |
politics. But while Ed Balls made cuts of one kind at a match with | :06:31. | :06:35. | |
journalists, he promises rather different cuts of the pitch. His | :06:36. | :06:40. | |
goal is to get people to trust him and his party to fix the economy. | :06:41. | :06:47. | |
People know that we are the party of jobs and living standards and | :06:48. | :06:50. | |
working people. But they also need to know that we will balance the | :06:51. | :06:55. | |
books and make the sums add up and we will not duck the difficult | :06:56. | :07:01. | |
decisions we will face. He promised to extend the 1% child benefit for | :07:02. | :07:12. | |
two years, to cut minister pay by 5% and freeze it, and he said Labour | :07:13. | :07:15. | |
would not borrow new money to pay for new manifesto commitments. He | :07:16. | :07:18. | |
confirmed he would restore the 50p top rate of tax and cut winter fuel | :07:19. | :07:21. | |
allowance for the richest pensioners. The next Labour | :07:22. | :07:25. | |
government will get the deficit down. It will mean cuts and tough | :07:26. | :07:29. | |
decisions. We will take the lead and have to make other decisions. They | :07:30. | :07:35. | |
will not be popular with everybody. It was not a message some wanted to | :07:36. | :07:40. | |
hear. An expert has noted Labour is still expecting to borrow more than | :07:41. | :07:44. | |
the Conservatives. Reduction to child benefit will save something in | :07:45. | :07:50. | |
the order of ?200 million, not insignificant but when compared to | :07:51. | :07:55. | |
the total deficit we are expecting in 2016 of ?75 billion, it will only | :07:56. | :08:01. | |
have a small impact. What of the voters? We took a tram to Manchester | :08:02. | :08:06. | |
suburbs to test the mood. Labour's problem is some voters do not like | :08:07. | :08:09. | |
the direction they are travelling in. The question is whether a | :08:10. | :08:14. | |
symbolic saving is enough to convince them that the party is | :08:15. | :08:18. | |
serious about cutting the deficit. Reducing child benefit is not going | :08:19. | :08:22. | |
to make a big dent in the economy. They need to look at more important | :08:23. | :08:31. | |
things than a few pound off. That would cut the deficit much, will it? | :08:32. | :08:37. | |
It is into billions. What is the one thing Labour could do that could win | :08:38. | :08:41. | |
your trust? The removal of Ed Balls, really. Whilst some voters were not | :08:42. | :08:48. | |
convinced, Britain's largest union boss was not impressed. He said | :08:49. | :08:52. | |
after Labour's near death experience in Scotland they need to offer more. | :08:53. | :08:59. | |
There must be a credible vision of what Labour can bring for | :09:00. | :09:02. | |
working-class people. The question of capping child benefit is is not | :09:03. | :09:06. | |
particularly clever, tactically it is not going to run very strongly | :09:07. | :09:12. | |
with ordinary working people. Ed Balls's task is to paint a better | :09:13. | :09:16. | |
picture of the economy under Labour. The broad brush strokes are they | :09:17. | :09:19. | |
are, the fine detail is a work in progress. Nick Robinson is in | :09:20. | :09:28. | |
Manchester. Tomorrow, Ed Miliband will be making a speech. I gather | :09:29. | :09:33. | |
you had an insight into what he is likely to say. Tomorrow, when the | :09:34. | :09:36. | |
Labour leader speaks to this conference, he will pledge that this | :09:37. | :09:41. | |
Labour Party will increase NHS funding and they will do it by | :09:42. | :09:48. | |
funding it using a so-called mansion tax on higher value properties, | :09:49. | :09:53. | |
possibly worth more than ?2 million each. For years I've been asking Ed | :09:54. | :09:58. | |
Miliband, how will you save the NHS, something he pledges to do, without | :09:59. | :10:05. | |
increasing funding? He has refused to answer the question. The question | :10:06. | :10:09. | |
will now be answered tomorrow. Why is there a problem? Experts say | :10:10. | :10:14. | |
there is an enormous funding gap. NHS England have estimated by the | :10:15. | :10:17. | |
end of the next Parliament, the end of a lifetime of the next government | :10:18. | :10:24. | |
in 2020, that gap could be as big as ?30 billion a year. Some people say | :10:25. | :10:28. | |
that is too pessimistic but still they put the figure at about ?6 | :10:29. | :10:33. | |
billion a year. A novel lot of money. The mansion tax would not | :10:34. | :10:40. | |
raise anything like that. It could raise under ?2 billion. They may | :10:41. | :10:43. | |
raise some money from elsewhere as well. It is clear that Labour want | :10:44. | :10:47. | |
to go into the next election pledging to spend more than the | :10:48. | :10:52. | |
Conservatives on the NHS and saying they will get it from the rich and | :10:53. | :10:59. | |
not from the ordinary taxpayer. The Prime Minister has been meeting | :11:00. | :11:04. | |
senior Conservative backbenchers at Chequers to discuss plans to end the | :11:05. | :11:07. | |
right of Scottish MPs to vote on English matters. | :11:08. | :11:11. | |
He is also facing demands from within his own party to devolve | :11:12. | :11:14. | |
powers to England after promising to give the Scottish Government more | :11:15. | :11:17. | |
control over its affairs in the wake of the independence referendum. | :11:18. | :11:19. | |
Senior Labour figures have also been facing questions | :11:20. | :11:21. | |
Here's our political correspondent Carole Walker. | :11:22. | :11:25. | |
The Prime Minister's English country retreat, a fitting setting for his | :11:26. | :11:34. | |
discussions. The word is Conservatives want to ensure that | :11:35. | :11:38. | |
matters which affect England only should be decided by English MPs | :11:39. | :11:43. | |
only, and issue they say must be decided in tandem with the | :11:44. | :11:44. | |
devolution of more powers to Scotland. If other parties make it | :11:45. | :11:50. | |
impossible to deal with this issue in tandem then it will of course be | :11:51. | :11:54. | |
an issue at the general election in May and the people of the country | :11:55. | :11:58. | |
will decide. It is then important for all political parties to decide | :11:59. | :12:03. | |
where they stand on this, including the Labour Party meeting in | :12:04. | :12:07. | |
Manchester this week. Labour say there are no easy answers to the | :12:08. | :12:11. | |
English question. It should not be linked to the devolution of more | :12:12. | :12:14. | |
power but settled as part of convention next year. This map shows | :12:15. | :12:20. | |
the seats the party hopes to win at the next election. Most of them are | :12:21. | :12:25. | |
in England, so there is a real pressure on the leadership to | :12:26. | :12:28. | |
address the concerns of English voters. At the moment, 41 of its MPs | :12:29. | :12:34. | |
represent seats in Scotland and if they are voting rights are curtailed | :12:35. | :12:40. | |
it could make them very difficult, very difficult to get legislation | :12:41. | :12:46. | |
through. Will they oppose this? We're not going to vote for | :12:47. | :12:49. | |
something that would not work. We will see what is proposed but I've | :12:50. | :12:52. | |
got to say we should do this carefully over the next year and a | :12:53. | :12:57. | |
half, not decided by William Hague in a Cabinet committee, but | :12:58. | :13:00. | |
listening to people up and down the country, in England and across the | :13:01. | :13:06. | |
union. The party leadership say the constitution is not what keeps | :13:07. | :13:10. | |
voters awake at night but some Labour MPs say the leader must seize | :13:11. | :13:15. | |
this moment to pledge greater powers for England. He's got to address | :13:16. | :13:19. | |
this. It's been the elephant in the room. Acknowledge there is a | :13:20. | :13:23. | |
problem, use that as an opportunity to imagine the kind of solution we | :13:24. | :13:28. | |
could have. Ed Miliband congratulated those who led the | :13:29. | :13:31. | |
campaign against Scottish independence today but is under | :13:32. | :13:34. | |
pressure to spell out a clear vision for more powers for England and some | :13:35. | :13:39. | |
of his MPs warned he will damage his party's prospect in England unless | :13:40. | :13:45. | |
he does so this week. Detectives investigating the disappearance of | :13:46. | :13:49. | |
Alice Cross have been searching a canal. | :13:50. | :13:54. | |
Detectives are trying to find out if the main suspect - | :13:55. | :13:58. | |
Arnis Zalkans - has returned to his home country of Latvia. | :13:59. | :14:01. | |
The hunt for Alice is the largest Metropolitan Police search since | :14:02. | :14:03. | |
the 7/7 terrorist bombings - with six hundred officers from 8 forces. | :14:04. | :14:06. | |
Our Home affairs correspondent Tom Symonds reports. | :14:07. | :14:11. | |
Another long day for police in West London's muddy waterways. Cutting | :14:12. | :14:20. | |
through tangled undergrowth in the search for Alice. They've worked | :14:21. | :14:24. | |
their way along this secluded path already. Two weeks ago they found | :14:25. | :14:31. | |
her rucksack there. Today it was a deeper, more destructive search. She | :14:32. | :14:36. | |
was last seen on CCTV cameras walking along the canal nearly a | :14:37. | :14:39. | |
month ago. She was followed on a bike by the man who's become a | :14:40. | :14:45. | |
suspect in this case. He went missing the same day. He has a | :14:46. | :14:48. | |
previous conviction for murdering his wife in Latvia. Police have | :14:49. | :14:53. | |
searched his homes, past and present, including this one, after | :14:54. | :14:57. | |
receiving a call from a former landlord. I could see a bike in my | :14:58. | :15:04. | |
garden lying down. I had a duty to report this. Police have recovered | :15:05. | :15:12. | |
bikes, including the red one. It is thought he was writing it. They | :15:13. | :15:16. | |
began to search his home last Monday. The police have been accused | :15:17. | :15:22. | |
of taking too long to approach the Latvian authorities for help, | :15:23. | :15:26. | |
however, Latvian police said they began working with the net last week | :15:27. | :15:29. | |
including a surveillance operation in Latvia. Scotland Yard declared he | :15:30. | :15:37. | |
was a suspect. The next day, Britain sent an international letter of | :15:38. | :15:40. | |
request to obtain his criminal records. He left his passport at | :15:41. | :15:48. | |
home. Could he be abroad? Latvians introduce ID cards two years ago, | :15:49. | :15:53. | |
which can be used for travel in the EU. Latvians can get one from their | :15:54. | :15:56. | |
embassy in London. But police sources in Riga said they don't | :15:57. | :16:02. | |
believe he has an ID card and the net is working on the basis he is | :16:03. | :16:07. | |
just as likely to be in the UK. -- police are working. So the biggest | :16:08. | :16:10. | |
search operation for nearly a decade continues. The family wait. | :16:11. | :16:15. | |
Two billion wiped off the value of Tesco, | :16:16. | :16:22. | |
as the supermarket investigates a huge accounting error. | :16:23. | :16:25. | |
Why the Royal Mint wants you to become a gold trader, and even | :16:26. | :16:29. | |
How a special bionic suit enabled this father to stand to give | :16:30. | :16:37. | |
And we find out why the Chinese have bought one | :16:38. | :16:41. | |
Turkey says it's struggling to cope with more than 130,000 Kurds who've | :16:42. | :16:56. | |
crossed into the country from Syria to escape an advance | :16:57. | :16:59. | |
by the jihadist extremist group, so-called Islamic State. | :17:00. | :17:03. | |
The massive influx of refugees is exacerbating existing tensions. | :17:04. | :17:08. | |
Kurdish people live across Iraq, Syria and Turkey - | :17:09. | :17:11. | |
and for 30 years, a civil war raged in Turkey between government forces | :17:12. | :17:14. | |
and Kurdish militia that left 40,000 people dead. | :17:15. | :17:19. | |
Now Turkish Kurds are taking up arms again, this time over the border | :17:20. | :17:22. | |
in Syria against Islamic State near the town of Kobbane. | :17:23. | :17:27. | |
But the Turkish government is trying to stop them | :17:28. | :17:29. | |
for fear that it could renew the tensions in its own country. | :17:30. | :17:33. | |
Our Correspondent Mark Lowen is on the Turkish/Syria border | :17:34. | :17:36. | |
Took what they could and headed north. Away from the danger of | :17:37. | :17:54. | |
militant fighters and towards the sanctuary of Turkey -- they took | :17:55. | :17:56. | |
what they could. 130,000 Syrian Kurds have now arrived, carrying | :17:57. | :18:01. | |
remnants of their lives. Even the weakest were forced to flee. At a | :18:02. | :18:05. | |
Turkish government facility, they are registered, an attempt to take | :18:06. | :18:12. | |
control of the influx. Outside, we met this woman with her baby, born | :18:13. | :18:17. | |
yesterday before crossing the border. Imagine the terror that | :18:18. | :18:20. | |
drove her to leave on the day she gave birth. She had not yet given | :18:21. | :18:31. | |
him a name. No country cares. They attacked us, killing our people, our | :18:32. | :18:37. | |
livestock, and burning our homes. Fear spans the generations. This | :18:38. | :18:41. | |
woman says she does not know her age, but thinks she is 78. She fled | :18:42. | :18:51. | |
with 28 members of her family. I can never go back to my village, because | :18:52. | :18:57. | |
we lost everything. We are on our own, and no one is left there. | :18:58. | :19:03. | |
Anyone who escaped could, and those who stayed were killed. The Turkish | :19:04. | :19:07. | |
authorities said they had provision for 100,000 people to come over but | :19:08. | :19:10. | |
that has already been far exceeded. The sheer numbers in the space of | :19:11. | :19:15. | |
four days alone would overwhelm any country, and officials here say that | :19:16. | :19:20. | |
another 200,000 could still come as Islamic State fighters close in. | :19:21. | :19:28. | |
Their target is the Syrian Kurdish city of Kobane, perilously close to | :19:29. | :19:31. | |
the Turkish border. They have attacked dozens of nearby villages. | :19:32. | :19:35. | |
Today, Kurdish fighters pushed them back, but the Islamic State | :19:36. | :19:38. | |
spokesman said the Kurds would be killed because they are allied with | :19:39. | :19:43. | |
the West. Our war with the Kurds is a religious war, not a nationalistic | :19:44. | :19:48. | |
war. We do not fight Kurds because they are Kurds. Rather, we fight the | :19:49. | :19:52. | |
disbelievers amongst them, the allies of the Crusaders. On the | :19:53. | :20:00. | |
border, clashes again between Turkish troops and local Kurds | :20:01. | :20:04. | |
blocked from crushing into Syria to battle Islamic State. Turkey fears | :20:05. | :20:08. | |
the fighting there may spread into its own territory. Tension here has | :20:09. | :20:15. | |
boiled over. As Turkey tries to find a home for the new arrivals, they | :20:16. | :20:19. | |
take refuge in the local mosque. This country is struggling to cope | :20:20. | :20:23. | |
as more waves prepared to come seeking solace from a growing | :20:24. | :20:24. | |
threat. Frank Gardner, our security | :20:25. | :20:27. | |
correspondent, is here. In Mark's piece we heard | :20:28. | :20:31. | |
Islamic State's spokesperson talking about why they are attacking | :20:32. | :20:34. | |
the Kurds but he also spoke in his message about President Obama | :20:35. | :20:36. | |
and attacking the West. He has, yes. He issued a 42 minute | :20:37. | :20:47. | |
audio message in which he essentially goads the Americans and | :20:48. | :20:51. | |
mocks the air strikes and the coalition saying, is that all you | :20:52. | :20:54. | |
can muster? , on the ground and faces there. What they really want | :20:55. | :21:00. | |
is for the air strikes to stop and for the other countries to send | :21:01. | :21:03. | |
ground troops, because they cannot hit back against the air strikes. | :21:04. | :21:07. | |
They are really hurting. What they want is Western troops on the | :21:08. | :21:11. | |
ground, and to some extent, the execution videos, these murder | :21:12. | :21:14. | |
videos that have been going out, that is a way of trying to bait the | :21:15. | :21:18. | |
West into sending ground troops so they can turn the whole thing into a | :21:19. | :21:23. | |
Crusader invasion, draw in more recruits, and the message also | :21:24. | :21:28. | |
threatens attacks on Westerners and mocks the equipment being sent to | :21:29. | :21:33. | |
people like the Kurds and Iraqi army, send it all, send very much, | :21:34. | :21:37. | |
because we will just capture it and use it against you. Frank, thank | :21:38. | :21:44. | |
you. Police in Thailand say they plan to carry out DNA tests on all | :21:45. | :21:48. | |
men on the islands where two British tourists were murdered a week ago. | :21:49. | :21:52. | |
Provisional tests say David Miller and Hannah with the rich were | :21:53. | :21:55. | |
attacked by two Asian men but no matches have been found -- | :21:56. | :22:03. | |
The Royal Mint is encouraging people to invest in gold and silver, | :22:04. | :22:06. | |
with the launch of a website for customers to trade bullion online. | :22:07. | :22:09. | |
Those who buy will be able to store their precious metals at the Mint's | :22:10. | :22:12. | |
Witheridge the Egyptians wanted to be buried in it, and kings and | :22:13. | :22:24. | |
queens worldwide have stockpiled shimmering piles of it. In an age of | :22:25. | :22:28. | |
virtual currencies, the law of gold is undimmed. These bullion coins | :22:29. | :22:33. | |
offer the public the chance to get their hands on some of that wealth. | :22:34. | :22:38. | |
Now on sale direct from the Royal Mint, they can be traded online, | :22:39. | :22:42. | |
bought and sold according to the market price. One of these gold | :22:43. | :22:49. | |
Britannia coins is worth around ?800. Buyers can have it sent | :22:50. | :22:53. | |
securely to their home address, or for an extra fee, the coins can be | :22:54. | :22:57. | |
held in the vault at the Royal Mint under the armed guard of the | :22:58. | :23:02. | |
Ministry of Defence. The Royal Mint is better known for making the coins | :23:03. | :23:06. | |
most of us carry in our pockets, but it has seen an opportunity to cash | :23:07. | :23:12. | |
in with a growing market for gold, estimated to be worth around ?4 | :23:13. | :23:16. | |
billion in the UK. I suppose it comes from the Lehman Brothers crash | :23:17. | :23:21. | |
in 2008. There has been a normalisation of goal, not just in | :23:22. | :23:25. | |
the UK, but internationally where there has been an increase in gold | :23:26. | :23:28. | |
and silver purchases. The recession also saw an increase in the high | :23:29. | :23:32. | |
Street trade for gold and silver, but how many of the shoppers in | :23:33. | :23:37. | |
Cardiff and silver, but how many of the shoppers in Cardiff fancy | :23:38. | :23:39. | |
investing in precious metals? I think paper money is a bit more | :23:40. | :23:46. | |
practical. I think it's great. If I was a gentleman like you, I would | :23:47. | :23:50. | |
ask you to buy me one. You want me to buy you some? With gold prices | :23:51. | :23:55. | |
dropping by a third in the last three years, investors have been | :23:56. | :23:58. | |
worn that investment prices can rise and fall before they strike a deal. | :23:59. | :24:03. | |
In golf, the United States team arrived | :24:04. | :24:05. | |
in Scotland today ahead of the Ryder Cup, which starts on Friday. | :24:06. | :24:08. | |
Europe have four of the world?s top six players in their team and will | :24:09. | :24:11. | |
be defending the trophy they won in dramatic fashion two years ago. | :24:12. | :24:14. | |
Today the US captain Tom Watson said this week would be a shot | :24:15. | :24:18. | |
From Gleneagles our sports correspondent Andy Swiss reports. | :24:19. | :24:28. | |
All smiles for now. Paul McGinley and Tom Watson, the Europe and US | :24:29. | :24:36. | |
captains, poised the latest chapter of one of sport's fiercest | :24:37. | :24:41. | |
rivalries, as Gleneagles prepared today, so did the players. Among | :24:42. | :24:45. | |
them, the biggest of all, Rory McIlroy, the world number one, but | :24:46. | :24:50. | |
also America's number one target. So how does it feel to be the marked | :24:51. | :24:57. | |
man? I like it. It gives me more of a boost to go out there and play | :24:58. | :25:02. | |
well. Any time the opposition starts to talk about you, that's a huge | :25:03. | :25:07. | |
condiment. And Europe can afford to be bullish. Remember this? -- that | :25:08. | :25:12. | |
is a huge compliment. Two years ago in Medinah they pulled off the | :25:13. | :25:16. | |
comeback of comebacks. From the brink of defeat, to the most | :25:17. | :25:21. | |
unlikely victory. So after the so-called Miracle of Medinah, will | :25:22. | :25:25. | |
it be Gloria Gleneagles question of the form book suggests so. Europe | :25:26. | :25:29. | |
have won six of the last Ryder cups, and come the first toll on | :25:30. | :25:32. | |
Friday, they will be clear favourite. The US are without Tiger | :25:33. | :25:38. | |
Woods, but they have strength in depth, and after that the despair of | :25:39. | :25:42. | |
two years ago, revenge is in their sights. This trip is a redemption | :25:43. | :25:47. | |
trip. Those players who played in that team, many on this team, and | :25:48. | :25:52. | |
it's time to make amends and try to redeem yourself from what happened | :25:53. | :25:57. | |
in 2012. That is a motivation rather than a negative. The piece of | :25:58. | :26:03. | |
Perthshire will not last long. Expect more drama and decibel is as | :26:04. | :26:07. | |
Europe hope that practice once again makes perfect. | :26:08. | :26:12. | |
That looks like Gleneagles behind you. What will it be like? | :26:13. | :26:25. | |
Dry, bit breezy, and cloudy as well. There has been ploughed across | :26:26. | :26:30. | |
Scotland today, the thickest in the north-west corner and we can pick | :26:31. | :26:35. | |
out a weather front -- there has been cloud. Under the clear skies we | :26:36. | :26:40. | |
could see that mist and fog. We will also see outbreaks of rain moving | :26:41. | :26:43. | |
through Scotland and Northern Ireland and heading into northern | :26:44. | :26:47. | |
England. Behind the system, it's on the chilly side. Most major towns | :26:48. | :26:52. | |
and cities staying in double figures for the early hours, and under the | :26:53. | :26:56. | |
cloud, about 11 degrees. It is north and south of that where we will see | :26:57. | :26:59. | |
things turning chilly in the early hours. The mist and fog is around | :27:00. | :27:03. | |
which should clear through the morning to give a dry day with | :27:04. | :27:07. | |
bright skies in the south. A bit more cloud across the northern half | :27:08. | :27:11. | |
of the UK with one area of rain moving through northern England into | :27:12. | :27:16. | |
North Wales. Later in the afternoon, that will affect the north-west | :27:17. | :27:19. | |
corner of Scotland. Through the central low lands, overcast, but it | :27:20. | :27:23. | |
should be driver much of the day with temperatures in Glasgow around | :27:24. | :27:28. | |
14. A band of rain stretches into North Wales by 4pm, but South Wales | :27:29. | :27:32. | |
should be dry with sunny spells. Sunshine again, and a bright | :27:33. | :27:34. | |
afternoon across the Southern counties with temperatures reaching | :27:35. | :27:39. | |
around 19 or 20 degrees. By the time we will reach Wednesday, the remains | :27:40. | :27:45. | |
of the front might make it cloudy in the morning, but as pressure builds | :27:46. | :27:48. | |
for the afternoon it should be dry and bright for most places with | :27:49. | :27:52. | |
temperatures still staying at around 14 or 15 degrees in the north, and | :27:53. | :27:58. | |
19 or 20 further south. For the rest of the week, a lot of dry weather | :27:59. | :28:03. | |
around. If anything, turning warmer by the weekend and you can always | :28:04. | :28:07. | |
find more details by heading to the website. | :28:08. | :28:09. | |
billion wiped off the value of Tesco as the supermarket investigates a | :28:10. | :28:22. | |
goodbye from me and on BBC One, we now join the BBC's news teams where | :28:23. | :28:26. |