:00:00. > :00:00.This is Business Live from BBC News with Maryam Moshiri
:00:07. > :00:11.Global shares enter a bear market and banks
:00:12. > :00:13.get another mauling as worries grow about the health of the financial
:00:14. > :00:35.Live from London, that's our top story on Friday, 12th February.
:00:36. > :00:37.Valentine's Day looms - but don't go overboard
:00:38. > :00:42.Global market turmoil, banking woes and economic jitters
:00:43. > :00:54.A lack of contenders for the top job at the International Monetary Fund,
:00:55. > :01:01.Christine Lagarde has been nominated for second term at the helm. Stock
:01:02. > :01:01.markets have opened higher in Europe after yesterday plotting massive
:01:02. > :01:06.falls across the board. And we'll be getting
:01:07. > :01:09.the inside track on the health of the Eurozone economy -
:01:10. > :01:11.and find out what the European Central Bank might do - or can do -
:01:12. > :01:15.when it meets in March. Today we want to know,
:01:16. > :01:17.given what we're seeing on the markets and what's happening
:01:18. > :01:19.with banking shares around the world, do you think we're facing
:01:20. > :01:22.another crisis or is this just What a terrible week
:01:23. > :01:36.for the financial markets. At the epicentre of the latest
:01:37. > :01:39.financial hurricane Banks have seen millions wiped
:01:40. > :01:47.off their share values over Warnings from the US Central Bank
:01:48. > :01:54.have fuelled fears about the global economy, the downward spiral
:01:55. > :01:56.of interest rates and worries about risky loan -
:01:57. > :02:00.a toxic combination. Banks have been hard hit on worries
:02:01. > :02:05.they will struggle to cope This week, US Federal Reserve boss
:02:06. > :02:12.Janet Yellen spooked investors There's also the impact
:02:13. > :02:15.of negative interest rates. Central banks around the world
:02:16. > :02:18.are making it more expensive park money in a bank, to try to persuade
:02:19. > :02:22.businesses to spend. And some experts fear
:02:23. > :02:24.banks are saddled with too Meanwhile,
:02:25. > :02:30.tougher regulation makes it harder Just take a look
:02:31. > :02:35.at one Europe's biggest investment Shares down 43% this
:02:36. > :02:40.year - a 27-year low. Deutsche Bank - down 39% this
:02:41. > :02:44.year to a record low. US rivals Morgan Stanley,
:02:45. > :02:49.Citigroup and Bank of America have all lost around
:02:50. > :02:59.a third of their value this year. We're joined by Philip Augar,
:03:00. > :03:13.independent banking analyst. Great to have you with us. Some of
:03:14. > :03:18.this stuff, you look at it and it scares me. But if you look at what
:03:19. > :03:22.the banks are looking at just now, in 2008 they were sitting on all of
:03:23. > :03:25.this debt that was residential mortgage debt, we know what happened
:03:26. > :03:30.there. Now there are sitting on this corporate debt, is it similar? Is it
:03:31. > :03:35.the same picture? There is a couple of changes this time around. One is
:03:36. > :03:38.the banks are much better capitalised and they were before.
:03:39. > :03:42.They have a much bigger cushion in their balance sheets to absorb any
:03:43. > :03:48.losses. Secondly, the principal area of worry just now is loans that the
:03:49. > :03:53.banks have made to the energy sector. The energy sector is much
:03:54. > :03:58.smaller than the hall that US mortgage sector that caused the
:03:59. > :04:02.problems in 2008. Those are reasons to be more optimistic. Throwing that
:04:03. > :04:06.into the mix, you're right about the commodities. Glencore, it also
:04:07. > :04:12.something like $50 billion, more than the value of the company.
:04:13. > :04:16.Because if you add the worries over China into that picture your
:04:17. > :04:19.painting, the Chinese banking system, there are some well-known
:04:20. > :04:23.highly regarded fund managers out there saying that Chinese banks
:04:24. > :04:30.could be stung to the tune of three point $5 trillion. That is a good
:04:31. > :04:35.point. What really worries investors is the uncertainty. They don't like
:04:36. > :04:39.uncertainty and no one can be certain what is going on in the
:04:40. > :04:45.Chinese economy and what the true extent of banks exposure to China
:04:46. > :04:50.is. That is the uncertainty. That is why if there is doubt they will sell
:04:51. > :04:54.and get out and stay clear of it. We talk about the banking crisis, how
:04:55. > :05:00.worried are you that this could be a repeat of what we saw in 2008. How
:05:01. > :05:04.expose our banks? How much rejection is there now compared to before? My
:05:05. > :05:10.feeling is it's hard to say, particularly with the Chinese
:05:11. > :05:16.conundrum. My gut feeling is this isn't a thousand eight again. I
:05:17. > :05:21.think banks are better prepared and their extended the exposure to the
:05:22. > :05:25.problem areas is probably less. As Mike 2008. What's worrying investors
:05:26. > :05:28.is if you have a global recession that means interest rates will stay
:05:29. > :05:33.very low and banks find it hard to make money when interest rates are
:05:34. > :05:37.at the bottom. They have been over a long time in this country. But you
:05:38. > :05:41.are looking at the possibility of negative interest. Which is
:05:42. > :05:43.completely different. Banks cannot make money in that interest rate
:05:44. > :05:49.environment, there is a risk of a credit impairment and exposure to
:05:50. > :05:52.China and everything. And on top of that, the big banks you spoke about
:05:53. > :05:57.in your introduction having all of these big share price falls, they're
:05:58. > :06:00.still in the process of readjusting their business to a really different
:06:01. > :06:04.economic environment. Put that together and you can understand why
:06:05. > :06:08.the sector has been performing worse than any other sector in the world
:06:09. > :06:12.economy. Thank you. We appreciate your time. Have a great weekend.
:06:13. > :06:17.shares of Boeing plunged as much as 11% on Thursday
:06:18. > :06:20.after a report that US regulators are investigating
:06:21. > :06:25.According to Bloomberg, the Securities and Exchange
:06:26. > :06:27.Commission is investigating whether the planemaker properly
:06:28. > :06:30.accounted for billions of dollars of development costs from airliners
:06:31. > :06:37.Morgan Stanley will pay $3.2 billion to US authorities to settle claims
:06:38. > :06:40.that it misled investors about risky mortgage bonds sold before
:06:41. > :06:47.In 2015, a tentative deal to pay $2.6 billion was announced,
:06:48. > :06:51.but New York authorities pushed to increase that amount.
:06:52. > :06:53.Morgan Stanley acknowledged it had misrepresented the quality
:06:54. > :07:01.The head of the International Monetary Fund, Christine Lagarde,
:07:02. > :07:04.has been nominated for a second five-year term at the helm.
:07:05. > :07:07.The former French finance minister was the only nominee
:07:08. > :07:13.Commentators had said there were no obvious challengers for the job.
:07:14. > :07:15.Ms Lagarde has led the IMF since 2011 and received support
:07:16. > :07:24.from the UK, Germany, China, and France.
:07:25. > :07:32.Have you interviewed her? No. Not had the pleasure. I will call her
:07:33. > :07:38.after the programme and get her on the programme. I'm doing a one plus
:07:39. > :07:41.one, she will come in and see me personally. Can we talk about
:07:42. > :07:48.Germany? German economic growth revised down. We will talk about you
:07:49. > :07:51.is or later. Andrew welcomer, but this is interesting because all of
:07:52. > :07:55.Europe on tenterhooks looking at these figures. The one we've had
:07:56. > :07:57.already, France a couple of weeks on tenterhooks looking at these
:07:58. > :08:00.figures. The one we've had already, France and probably score and
:08:01. > :08:04.Germany today, up 0.2% in the GDP growth. What we expected. Some
:08:05. > :08:09.experts are saying pretty much what Janet Yellen said about the US
:08:10. > :08:13.economy about Germany, you have a positive factor is be slowing Tyner
:08:14. > :08:17.and the emerging market crisis and problems and low oil price and that
:08:18. > :08:22.can have an effect playing forward. That could have a perfect storm in a
:08:23. > :08:30.negative way. India's Central bank chief, the rock 'n' roll star, says
:08:31. > :08:31.lenders need deep surgery. He said the country puzzled lenders might
:08:32. > :08:41.need to perform deep surgery to sort need to perform deep surgery to sort
:08:42. > :08:45.out the bad loans. This makes the country's lenders. Let's find out
:08:46. > :08:49.what is going on elsewhere. Straight to Alicia in Singapore.
:08:50. > :09:01.Note here that Machenaud cheery news, right? It has been another sea
:09:02. > :09:05.of red all across the Asian markets, Japan each and really badly having
:09:06. > :09:10.its worst weekly performance since the 2008 work in the global
:09:11. > :09:13.financial crisis, having to do with the strong yen and speculation that
:09:14. > :09:17.the Government might intervene in the currency markets. They've not
:09:18. > :09:21.done that since 2011. In Korea circuit Breakers kicked in,
:09:22. > :09:26.concentrating to be halted after stocks plunged by more than 8%. As
:09:27. > :09:30.one analyst wrote today, fear is in control of the markets just now.
:09:31. > :09:36.What is causing the stampede out of stocks? You mentioned it earlier,
:09:37. > :09:41.China's giant but slowing economy. There are fears Tyner's problems
:09:42. > :09:47.could drag everyone else into a dark hole. And the Federal Reserve, what
:09:48. > :09:51.will it do next? Janet Yellen said this week he will not rush to raise
:09:52. > :09:57.interest rates because of the ongoing volatility and they even
:09:58. > :10:01.considered negative interest rates. In a vicious cycle with his
:10:02. > :10:04.uncertainty driving the volatility so all eyes will be on mainland
:10:05. > :10:09.Chinese markets when they reopen next week on Monday. Thank you.
:10:10. > :10:20.Let's look at those market figures. Banking stocks pretty much across
:10:21. > :10:24.the board taking a battering. European markets rose on Friday,
:10:25. > :10:27.rebounding from the previous session's steep losses,
:10:28. > :10:29.with encouraging results from Commerzbank and a rally in oil
:10:30. > :10:33.prices helping banks and commodity-related
:10:34. > :10:50.stocks to regain ground. Gold is doing very well and Likud
:10:51. > :10:51.Government bonds. As well as investors rushed to the traditional
:10:52. > :10:53.safe haven assets. And now Michelle Fleury can tell us
:10:54. > :10:56.us what will making the headlines in the business world
:10:57. > :11:02.in the United States today. Many alarm bells have been ringing
:11:03. > :11:07.on Wall Street since the New Year. One of the loudest was the US retail
:11:08. > :11:11.sales report for December because everyone's surprise it showed a drop
:11:12. > :11:15.in sales. That sparked fears the US economy was not as strong as we
:11:16. > :11:20.thought. Since that release, a key assumption from markets has been
:11:21. > :11:25.open to doubt. Maybe the next monthly retail sales number can
:11:26. > :11:31.offer some reassurance. It is out on Friday morning and economists expect
:11:32. > :11:35.that January's retail sales will have risen slightly compared to one
:11:36. > :11:41.year ago. Reversing December's small but shocking decline. Nobody think's
:11:42. > :11:49.one month's data transforms the picture but one small bit of light
:11:50. > :11:51.could brighten the investor's on the -- gloomy outlook considerably.
:11:52. > :11:55.Joining us now is Richard Hunter, market strategist.
:11:56. > :12:00.They are really down then they are up, look at this. Is that
:12:01. > :12:06.bargain-hunting? Is that investors thinking they've got enough, I will
:12:07. > :12:12.snap some of? It could be. Could also be something of what they call
:12:13. > :12:16.a relief rally, despite the 1.3% rise this morning for the FTSE 100
:12:17. > :12:27.we are still down 10% in the year to date and we are all in mid-February,
:12:28. > :12:32.giving you a FTSE 100 company 's yield between 3.5 and poor -- 4%.
:12:33. > :12:38.That is something to bear in mind. We have seen many times over the
:12:39. > :12:42.last 6-9 months a bit of a relief rally for some fairly tricky trading
:12:43. > :12:49.days, that is what we have. If I was the investor at home, would this be
:12:50. > :12:52.a good time? It is difficult to see how the market might turn in terms
:12:53. > :12:57.of sentiment in the short-term. However, if you step back and
:12:58. > :13:01.thinking I'm an equity or long-term investor, let's say for five years,
:13:02. > :13:08.do we think we will see these kind of problems in five years? Or Bill
:13:09. > :13:11.banks be stronger? World companies still be world-class companies? If
:13:12. > :13:17.you're taking a longer term view and thinking five years plus you
:13:18. > :13:22.investing things will be better. What is your is then? Any equity
:13:23. > :13:29.investment should be taken on a 3-5-year view at least. If we say
:13:30. > :13:33.that we will be a better place in five years this could actually
:13:34. > :13:36.represent a pretty good buying opportunity. There you go. You're
:13:37. > :13:45.going to come back and do the papers? Sure. We will speak them.
:13:46. > :13:48.Still to come, Germany is barely tugging along. What will the
:13:49. > :13:54.European Central Bank do when it meets in March? Will hear from
:13:55. > :13:59.Andrew Walker. This is business life from BBC News.
:14:00. > :14:03.And now a look at some of the stories from around the UK.
:14:04. > :14:07.The engine maker, Rolls Royce, has just announced a 16% fall
:14:08. > :14:10.in pre-tax profits from ?1.6 billion to ?1.4 billion.
:14:11. > :14:13.The company is halving its dividend - the first cut in more
:14:14. > :14:22.Rolls-Royce employs more than 21,000 people in the UK,
:14:23. > :14:24.with more than 12,000 employed at its Derby aerospace engines
:14:25. > :14:29.Last year, the company announced 3,600 job cuts and warned
:14:30. > :14:32.that some of its 2,000 senior managers would depart.
:14:33. > :14:35.Ed Stacyan, aerospace analyst at Haitong Securities,
:14:36. > :14:37.says the issue is all about the way the company
:14:38. > :14:50.Well, Rolls-Royce have talked about an issue with internal systems. The
:14:51. > :14:54.latest profit warning in November, they said the transition from the
:14:55. > :14:57.existing air bus wide bodies to the new air bus wide bodies was going to
:14:58. > :15:01.be more costly than they thought. They should have known that and
:15:02. > :15:05.planned for that. But the internal systems in Rolls-Royce were not good
:15:06. > :15:08.enough. The new chief executive, Warren East has said he needs to
:15:09. > :15:12.improve the systems and get his hands on the forecasts and have
:15:13. > :15:14.better visibility. Some relief this morning that they are guiding in
:15:15. > :15:18.line with what they said before, it's not a great outlook but it is
:15:19. > :15:22.in line with what they previously had. Some people said they would cut
:15:23. > :15:25.the dividend to zero because the balance sheet was quite stretched.
:15:26. > :15:30.They have not done it, they cut the dividend but said it is not as bad
:15:31. > :15:33.as they think, they don't need to cut to zero. The message is, the
:15:34. > :15:35.balance sheet is not as bad as some people thought.
:15:36. > :15:38.Large companies that fail to deal with the gender pay gap could be
:15:39. > :15:39.named in new Government league tables.
:15:40. > :15:43.Under regulations just released, firms with more than 250 staff
:15:44. > :15:45.will have to reveal on their websites the pay
:15:46. > :15:48.differences between their male and female employees
:15:49. > :15:53.Latest figures suggest women still earn on average 20%
:15:54. > :15:57.First-time buyers who purchase a house this year will have already
:15:58. > :16:00.spent ?52,900 on rent, according to the UK's
:16:01. > :16:06.Figures published by the Association of Residential Lettings Agents
:16:07. > :16:09.suggest that rent will account for 16.4% of total lifetime earnings
:16:10. > :16:14.for today's first-time buyers in England.
:16:15. > :16:27.I feel sorry for them. I do! You have no heart!
:16:28. > :16:33.A big fine for Glaxo Smith Kline, ?37.6 million.
:16:34. > :16:42.banking woes and economic jitters will dampen any romance.
:16:43. > :16:50.There's been no escaping the market turmoil this week.
:16:51. > :16:52.A toxic cocktail of economic worries, banking jitters
:16:53. > :16:59.So any fresh economic news is bound to be scrutinised.
:17:00. > :17:01.In the Eurozone, GDP data for the region's biggest economy,
:17:02. > :17:03.Germany, shows the the industrial might is chugging along
:17:04. > :17:12.What a headache for Central Banks around the world, with no tools left
:17:13. > :17:14.in their box to fix these economic problems.
:17:15. > :17:17.Lets get the Inside Track with our Economic Correspondent Andrew
:17:18. > :17:28.Let's talk about this because ultimately, we are going to see what
:17:29. > :17:34.Mario Draghi has up his sleeve. So what is going on? The European
:17:35. > :17:38.Central Bank is going to review its position to see if it needs to do
:17:39. > :17:42.more. A strong hint that they think they are likely to take further
:17:43. > :17:46.steps to stimulus the economy. He said after their previous monetary
:17:47. > :17:51.policy meaning, "There are no limits to how far we are willing to deploy
:17:52. > :17:55.our instruments". The instruments involved, the key one is going into
:17:56. > :17:58.the financial markets and buying mainly government debt and there's a
:17:59. > :18:04.lot of it so they could buy an awful lot of it. The aim is to try to
:18:05. > :18:07.drive interest rates across the Eurozone economy down even lower
:18:08. > :18:12.than they are, even lower than they can do by using their own interest
:18:13. > :18:17.rate policies. I think the market turmoil that we have seen in the
:18:18. > :18:20.last few weeks does, if anything, increased the odds that they will be
:18:21. > :18:24.telling us they are going to take further steps when they meet in a
:18:25. > :18:29.few weeks' time. We will come back to the central bank and their
:18:30. > :18:32.particular issues but can I talk about Germany? We keep on saying it
:18:33. > :18:39.is chugging along, it is moving along with some gross, last year was
:18:40. > :18:43.1.6%. If that still coming from the German people putting their hands in
:18:44. > :18:46.their pockets and spending? There is some of that. Germany is a big
:18:47. > :18:51.exporter so that is an important factor. But Germany is particularly
:18:52. > :18:56.exposed to what is happening in China. It is a big exporter of
:18:57. > :19:02.capital goods, vehicles and factory abutment and things. It is an
:19:03. > :19:08.important issue there. It is also worth bearing in mind, consumer
:19:09. > :19:10.spending. Yes, it has been recovering but it is potentially
:19:11. > :19:15.vulnerable to what is happening in the stock market. Capital economics,
:19:16. > :19:21.the London consultancy put out a note in the last 24 hours or so, and
:19:22. > :19:25.they reckon that on the basis of previous six period, a 10% decline
:19:26. > :19:30.in the stock market could not about 1% of consumer spending. -- could
:19:31. > :19:34.knock. We have seen. More than that since the turn of the year. They are
:19:35. > :19:36.not saying there's going to be a Eurozone recession but clearly the
:19:37. > :19:41.potential from what has been happening in the market, the
:19:42. > :19:44.potential is there for it to have an adverse effect on consumer spending
:19:45. > :19:47.and business investment because they used the stock market to raise money
:19:48. > :19:52.to fund investment. You want Germany to do well for the greater good of
:19:53. > :19:56.the Eurozone, you need to see the powerhouse Parang ahead more than
:19:57. > :20:00.0.3%. It's not a particularly powerful figure and 0.3% is what we
:20:01. > :20:04.are expecting for the Eurozone as a whole. The consistent pattern in the
:20:05. > :20:09.last couple of years of recovery in the Eurozone has been, yet there has
:20:10. > :20:13.been growth, very variable performance between different
:20:14. > :20:15.countries but it has never been a really convincing recovery, not
:20:16. > :20:18.convincing enough, it has to be said, to give us confidence that
:20:19. > :20:21.they can effectively withstand the blows that may be coming in their
:20:22. > :20:26.direction from what has been happening in the markets. Back to
:20:27. > :20:34.the central bank because we have raised this on my show on World TV.
:20:35. > :20:37.We could apply this to the ECB, about the situation that if we
:20:38. > :20:39.continue seeing the slowdowns and we continue seeing sectors like the
:20:40. > :20:44.banking sector being hit hard because of the slowdown, the worry
:20:45. > :20:50.is that the central bankers don't really have any more tools in the
:20:51. > :20:54.tool box left to fight that. Some of it is maybe negative interest rates.
:20:55. > :20:59.Which we are starting with already. There's a limit to how far... It
:21:00. > :21:01.used to be thought you could not go negative, the phrase the economists
:21:02. > :21:07.used to use... That's a different question. It used to be thought that
:21:08. > :21:11.there was something called the zero lower band of interest rates but now
:21:12. > :21:15.we know you can go a bit below it. Frankly, for technical reasons,
:21:16. > :21:18.there must be some lower limit. The no limit that Mario Draghi was
:21:19. > :21:21.talking about was going into the financial markets and buying
:21:22. > :21:25.government debt. That is an enormous market and of course, there is
:21:26. > :21:30.therefore a lot of ammunition that the ECB could deploy there. The
:21:31. > :21:35.question is, will it be effective? All that money made me think about
:21:36. > :21:38.what you are saying, all the money so far they have been pumping in,
:21:39. > :21:42.don't some critics out there say it does not end up in the right place?
:21:43. > :21:47.It ends up back in the market, not the economy. Sure, what it does, it
:21:48. > :21:52.eventually boost the amount of central bank money that the
:21:53. > :21:56.commercial banks have. The hope is that it has also got the indirect
:21:57. > :22:00.effect of driving down interest rates and the cost of borrowing for
:22:01. > :22:04.businesses, for households. There are plenty of economists to say it
:22:05. > :22:07.has some effect in that area but it has not been a very large effect.
:22:08. > :22:10.Andrew, great stuff. Thank you for joining us. Have a great weekend and
:22:11. > :22:12.we will talk to you next week. In a moment, we'll take a look
:22:13. > :22:15.through the Business Pages but first, here's a quick reminder
:22:16. > :22:21.of how to get in touch with us. The Business Live bait is where you
:22:22. > :22:25.can stay ahead with the day's breaking business news. We can keep
:22:26. > :22:29.you up-to-date with the latest details, insight and analysis from
:22:30. > :22:35.the BBC's team of editors around the world. We want to hear from you. Get
:22:36. > :22:45.involved on the BBC Business Live web page. Also on Twitter and you
:22:46. > :22:51.can find us on Facebook. Business Live, on TV and online, whenever you
:22:52. > :22:52.need to know. Stop that! I'm just getting it set
:22:53. > :22:53.up. Let's take a quick look at some
:22:54. > :22:56.of the stories making business headlines around
:22:57. > :23:03.the world right now. The Telegraph reports that funds
:23:04. > :23:06.that invest in gold have been flooded by nervous investors seeking
:23:07. > :23:10.shelter from stock market volatility. The Guardian covers a
:23:11. > :23:15.report that suggests digital tech employees are offered wages that are
:23:16. > :23:19.36% higher than the average in the UK. When are we going to make our
:23:20. > :23:25.start-up? The Independent has been looking at the resale value of goods
:23:26. > :23:29.and apparently trainer brands fronted by Kanye West are a better
:23:30. > :23:36.investment than gold. That can't be true! Over a 4% mark-up. This is the
:23:37. > :23:39.flip side to what we are seeing on the markets, the mess at the moment,
:23:40. > :23:44.the investors pulling their money out of the market and throwing it
:23:45. > :23:48.into safe havens like gold. Yes, the investment book shows that gold is
:23:49. > :23:52.the ultimate Stora value so it is a haven investment. You don't get a
:23:53. > :23:56.dividend but the idea it is it will keep its value regardless. What you
:23:57. > :24:01.tend to find in there was investment backdrops like we are seeing at the
:24:02. > :24:05.moment is that those investors with less steely dispositions will move
:24:06. > :24:09.their money into long-term cash or indeed gold. That always happens in
:24:10. > :24:13.times of trouble, that is where they put their money. Absolutely. Gold
:24:14. > :24:17.has been a bit strange in the last few years because it tends to mirror
:24:18. > :24:20.and going the opposite direction to what the dollar doing, like oil. We
:24:21. > :24:24.have been seeing a strengthening US dollar per the last couple of years
:24:25. > :24:28.which has put pressure on the gold price but at the moment, it prevails
:24:29. > :24:33.because of the market uncertainty. I know we only have a few minutes but
:24:34. > :24:38.I want to get this in, another safe haven, and there is a bad side to
:24:39. > :24:45.this for Japan is the currency, the yen. People have been flying into
:24:46. > :24:47.it. That has an impact on bearing colony, being exporters, the
:24:48. > :24:52.strength of the yen is not good for them. Yet another safe haven, Kanye
:24:53. > :24:57.West's trainers! I know you don't believe me but the shoes retail at
:24:58. > :25:04.$350, which means they have a resale value of 436% almost instantly. Who
:25:05. > :25:09.buys them second-hand, though? Not Kanye West, I'm afraid. It is
:25:10. > :25:12.interesting because that is also, they are saying that some of the
:25:13. > :25:18.original Lego pieces are also showing lots of interesting
:25:19. > :25:21.conditions, showing returns like the millennium Falcon, which originally
:25:22. > :25:31.retell... If you don't keep the box, it does not count. They have to be
:25:32. > :25:36.pristine but that is ?342, and it is worth about ?2000. You just wanted
:25:37. > :25:39.to get Star Wars in the programme! The difference between Lego and
:25:40. > :25:43.trainers is someone has had their feet in those shoes! Erin is quite
:25:44. > :25:52.sensitive about cleanliness. He needs you to smell like roses. --
:25:53. > :25:53.Aaron is quite sensitive. We have got to stop! Have a great weekend.
:25:54. > :25:58.There will be more business news throughout the day on the BBC Live
:25:59. > :26:01.web page and on World Business Report.