Browse content similar to 06/06/2016. 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. | :00:08. | |
Strapped for cash - one of the world's biggest oil | :00:09. | :00:11. | |
producers, Saudi Arabia, woos banks ahead of its plan | :00:12. | :00:14. | |
to issue its first ever international bond. | :00:15. | :00:16. | |
Live from London, that's our focus today, Monday June the 6th. | :00:17. | :00:32. | |
With the price of oil hovering at around half | :00:33. | :00:37. | |
the levels seen last year, Saudi Arabia gets the ball | :00:38. | :00:40. | |
rolling on its plans to sell government bonds. | :00:41. | :00:43. | |
Is there an appetite and what does it mean for the region? | :00:44. | :00:49. | |
Also in the programme: Will trade talks between the world's economic | :00:50. | :00:53. | |
superpowers China and the US be overshadowed by mounting tensions | :00:54. | :00:56. | |
And a brand new trading week is under way. | :00:57. | :01:03. | |
Europe has managed to shrug off the negative tone set in Asia. | :01:04. | :01:07. | |
We will talk you through what's moving markets and why. | :01:08. | :01:12. | |
We meet the women who set up their own theatre production | :01:13. | :01:19. | |
company despite limited funding and tough competition. | :01:20. | :01:23. | |
And as one Canadian boss says he takes every Friday off as a day | :01:24. | :01:27. | |
to think we want to know would you ditch the 9-5 to work | :01:28. | :01:30. | |
Or would that mean you actually never switch off and | :01:31. | :01:35. | |
Let us know, use the hashtag BBC Biz Live. | :01:36. | :01:48. | |
Working 9-5 is the stuff of dreams in 24 hour news. Send us your | :01:49. | :02:03. | |
Saudi officials are meeting with global banks in Riyadh later | :02:04. | :02:14. | |
today as the oil producer moves forward with plans to issue | :02:15. | :02:17. | |
The country has been badly hit by low oil prices which generate | :02:18. | :02:22. | |
more than two-thirds of its revenues. | :02:23. | :02:24. | |
So to plug the gap the country could sell up to $15-billion worth | :02:25. | :02:27. | |
of US-denominated debt in the next few months. | :02:28. | :02:30. | |
It follows a $10-billion government loan agreed | :02:31. | :02:33. | |
Taking a look at this graph from the beginning of the year | :02:34. | :02:39. | |
the price of Brent Crude has dramatically improved. | :02:40. | :02:41. | |
It's now trading at close to $50 a barrel, an increase of almost 70% | :02:42. | :02:45. | |
Even though oil prices are now at seven-month highs, they're | :02:46. | :03:04. | |
still a fraction of the prices seen in the middle of 2014. | :03:05. | :03:07. | |
It's thought Saudi Arabia needs to have the price at about $100 | :03:08. | :03:13. | |
Jane Kinninmont is a senior research fellow and deputy head | :03:14. | :03:16. | |
of the Middle East and North Africa programme at Chatham House. | :03:17. | :03:21. | |
Sally said it was a drop in the ocean. This is the starting point | :03:22. | :03:30. | |
for Saudi Arabia when it comes to doing this. Why does it need to do | :03:31. | :03:36. | |
this and wide do it now? Saudi Arabia's main source of revenue has | :03:37. | :03:38. | |
plummeted over the past couple of years and it is not easy for the | :03:39. | :03:44. | |
country to radically cut spending because most of | :03:45. | :03:46. | |
it is such spending and public sector salaries for a population | :03:47. | :03:52. | |
that is accustomed to a high level of spending from the state. They are | :03:53. | :03:57. | |
cutting back on projects, but it is difficult to cut back on salaries | :03:58. | :04:02. | |
and public service projects. There is $100 billion deficit this year | :04:03. | :04:09. | |
and this will plug 15% of that. They are trying | :04:10. | :04:10. | |
to lay out their stall before Ramadan which begins today, so not | :04:11. | :04:15. | |
much will get done this month, so off the back of that there will | :04:16. | :04:17. | |
be an Again it is still a drop in the | :04:18. | :04:31. | |
ocean, but it also suggests there will be a lot of competition between | :04:32. | :04:35. | |
these countries, the likes of man and Bahrain are | :04:36. | :04:36. | |
it be more popular? Cutout and Abu Dhabi are probably the best places | :04:37. | :04:50. | |
to borrow and a few months ago you had to pay a lot less than in Saudi | :04:51. | :04:55. | |
Arabia for a bank loan. But Saudi Arabia | :04:56. | :04:55. | |
has a much larger population and diversify economy. The population is | :04:56. | :05:04. | |
a double edged sword economically because it costs a lot of money, but | :05:05. | :05:09. | |
it has more potential to be an ongoing post-oil market | :05:10. | :05:12. | |
compared to countries that have over a billion citizens. | :05:13. | :05:17. | |
How attractive is this debt from Saudi Arabia? If you compare it to | :05:18. | :05:23. | |
elsewhere around the world, is it somewhere people would | :05:24. | :05:25. | |
want to put their money? All the major ratings agencies have cut | :05:26. | :05:32. | |
Saudi's ratings, so it is seen as being on a par with Japan which is | :05:33. | :05:37. | |
one of the world's most heavily indebted countries and Saudi Arabia | :05:38. | :05:38. | |
the least. But the great uncertainty of risk is the | :05:39. | :05:44. | |
dependency on oil and investors will be thinking about the dramatic | :05:45. | :05:49. | |
vision that Saudi has announced to diversify, but they are in early | :05:50. | :05:54. | |
stages and the implementation is not yet certain. | :05:55. | :05:54. | |
A lot will depend on the oil market and on the premium Saudi Arabia is | :05:55. | :06:02. | |
willing to pay. We will be watching that really closely and we will be | :06:03. | :06:04. | |
speaking again about that. He might run the world's biggest | :06:05. | :06:08. | |
social networking site, but not even Mark Zuckerberg | :06:09. | :06:11. | |
is immune to being hacked. The Facebook founder's accounts | :06:12. | :06:13. | |
on sites including Instagram, Twitter, LinkedIn and Pinterest | :06:14. | :06:15. | |
appear to have been briefly A hacker group called Ourmine, | :06:16. | :06:18. | |
which has more than 40,000 Twitter Swiss voters have rejected | :06:19. | :06:33. | |
a proposal to introduce a guaranteed Final results showed that nearly | :06:34. | :06:37. | |
77% oppose the plan, The proposal had called | :06:38. | :06:42. | |
for adults to be paid a monthly income, regardless | :06:43. | :06:45. | |
of whether they are working or not. The suggested monthly income | :06:46. | :06:48. | |
would have be at around 2,500 US More than 40% of the UK's oil | :06:49. | :06:50. | |
and gas firms say they're plan to cut costs in the wake | :06:51. | :06:59. | |
of the industry downturn. Of the 141 companies surveyed, | :07:00. | :07:01. | |
51% made redundancies In Scotland - where the North Sea | :07:02. | :07:03. | |
is a big employer, 57% of companies said they had been severely or badly | :07:04. | :07:08. | |
affected by the slump in oil prices. Across the UK as a whole, | :07:09. | :07:12. | |
firms said that for every one job created last year, | :07:13. | :07:15. | |
six had been lost. We would love to show you the tablet | :07:16. | :07:31. | |
right now, but it is having a Monday morning feeling. | :07:32. | :07:34. | |
It is not charged. It is not playing. But lots of stories on the | :07:35. | :07:40. | |
business life paid, all the stories we do not have time to get across | :07:41. | :07:48. | |
like German industrial orders and the demand for them is falling. | :07:49. | :07:53. | |
Trust us, it is there even though we cannot show it to you. | :07:54. | :07:59. | |
The US Treasury Secretary Jack Lew has called on China to cut excess | :08:00. | :08:02. | |
capacity in steel and aluminium - warning that overcapacity was having | :08:03. | :08:05. | |
a "distorting and damaging effect on global markets". | :08:06. | :08:07. | |
He's also called on the country to be more transparent | :08:08. | :08:10. | |
in its communications about monetary policy. | :08:11. | :08:14. | |
It comes as a US-China summit opens in Beijing today to discuss | :08:15. | :08:17. | |
We have touched on some of the headlines, but there is a lot to | :08:18. | :08:32. | |
talk about. Indeed, a very busy day for them. They are not allowed to | :08:33. | :08:36. | |
have the Monday blues that your tablet is having. This is one of the | :08:37. | :08:42. | |
most significant and high profile bilateral talks between the two | :08:43. | :08:48. | |
countries, but remember this is the last one under President Obama and | :08:49. | :08:52. | |
many experts were saying that no one wants to be too aggressive. It will | :08:53. | :08:57. | |
be rather understated, but the Americans get in with a very topical | :08:58. | :09:02. | |
subject of the steel industry and China being accused of flooding the | :09:03. | :09:08. | |
market with cheap products. China is accused of manipulating its currency | :09:09. | :09:13. | |
to gain competitiveness in exports, which is a topical issue in the US | :09:14. | :09:19. | |
presidential election. Thank you so much, good to see you. We will keep | :09:20. | :09:25. | |
across how that discussion goes on between the US Treasury Secretary | :09:26. | :09:28. | |
and authorities in China. We will keep you right up to date. Japan is | :09:29. | :09:37. | |
down by 0.4%. In Hong Kong it is the opposite story. The Asian reaction | :09:38. | :09:45. | |
today to the US non-farm payroll numbers, which were much worse than | :09:46. | :09:49. | |
expected and spooked investors in terms of their thinking about what | :09:50. | :09:55. | |
the federal bag will do next. All eyes will be on Janet Yellen and | :09:56. | :10:01. | |
later today. The pound is really wobbly today, down significantly | :10:02. | :10:08. | |
versus the dollar and other major currencies. That is on the fear that | :10:09. | :10:13. | |
perhaps we may vote to leave the European Union. For now investors | :10:14. | :10:20. | |
are very nervous about that. The mining stocks, the FTSE 100, we are | :10:21. | :10:24. | |
right across the board hire in Europe. First, let's have a look at | :10:25. | :10:28. | |
Samira Hussain has the details about what's ahead on Wall Street Today. | :10:29. | :10:34. | |
Janet Yellen may give investors lose to thinking about the economy. This | :10:35. | :10:41. | |
will be the last time she speaks publicly head of the next meeting of | :10:42. | :10:46. | |
the US Federal reserve in June. According to the minutes from the | :10:47. | :10:50. | |
last meeting, as long as the economy continues to show signs of strength, | :10:51. | :10:56. | |
June rate hike was on the table, but that was before the latest report in | :10:57. | :10:59. | |
which the US economy created only which the US economy created only | :11:00. | :11:03. | |
38,000 jobs for the entire month of May. It was the worst jobs growth in | :11:04. | :11:09. | |
six years and has led many to believe that the Federal reserve | :11:10. | :11:12. | |
will not raise interest rates in June. | :11:13. | :11:17. | |
Joining us is Trevor Greetham, head of multi-asset | :11:18. | :11:20. | |
at Royal London Asset Management joins us again. | :11:21. | :11:26. | |
As we touched on, it is all about the Federal reserve today and Janet | :11:27. | :11:34. | |
Yellen speaks a bit later. It is interesting because everybody is | :11:35. | :11:38. | |
looking to what she says to give us an indication about rates in the | :11:39. | :11:43. | |
world's largest economy and it is important. Yes, the jobs rate rise | :11:44. | :11:50. | |
on Friday was a shocker. It is a notoriously volatile report month to | :11:51. | :11:54. | |
month and she may decide to take it is one piece of data, but generally | :11:55. | :11:59. | |
the economy has been recovering and it is time we started raising | :12:00. | :12:02. | |
interest rates a bit more. They have only raised interest rates once in | :12:03. | :12:09. | |
most people's investment careers. We are talking about a quarter of a | :12:10. | :12:14. | |
percent. It is a real mindset shift and that is the issue. Many people | :12:15. | :12:19. | |
have not seen a rate rise at all and that concept of going up is | :12:20. | :12:24. | |
important. It is important. People say when they start to raise rates | :12:25. | :12:29. | |
it will burst bubble, but when they did it in December, the markets | :12:30. | :12:32. | |
wobbled a bit and they are back where they are now. From Janet | :12:33. | :12:37. | |
Yellen's point of view, the interest rates are stuck close to zero and | :12:38. | :12:43. | |
the unemployment rates are very low level and 5% and if they do not | :12:44. | :12:46. | |
start now, they will have to do it later. June is looking likely in | :12:47. | :12:53. | |
this report. The meeting in June is on the 15th and the referendum here | :12:54. | :13:00. | |
is on the 23rd. The pound is very weak today, which is good news if | :13:01. | :13:04. | |
you are an exporter in the UK, but bad news for other reasons. If you | :13:05. | :13:11. | |
are an exporter in the UK and we leave the EU, you are in deep | :13:12. | :13:15. | |
trouble and there is massive uncertainty about what the rules are | :13:16. | :13:21. | |
and your trading partners will draw support from that, but there is a | :13:22. | :13:26. | |
lot at stake here. We think the remain vote will win, that is where | :13:27. | :13:31. | |
the bookies are. A few polls said the opposite. It it is really close | :13:32. | :13:38. | |
and we are focusing on the positive and we think it will be better for | :13:39. | :13:42. | |
the overall size of the economy, a bigger market to trade in and we | :13:43. | :13:47. | |
think that will result in a stronger pound and ultimately higher interest | :13:48. | :13:52. | |
rates in the UK, but nothing to fear, a better economy. We will | :13:53. | :13:56. | |
speak again about this. Trevor will be returning. We will be talking | :13:57. | :14:03. | |
about whether you work 9-5. One Canadian boss takes Friday off as a | :14:04. | :14:07. | |
day to think. A great idea. Thursday is the new | :14:08. | :14:09. | |
We meet the composer and the ballet dancer who teamed up | :14:10. | :14:16. | |
to create their own theatre production company, amid limited | :14:17. | :14:18. | |
You're with Business Live from BBC News. | :14:19. | :14:30. | |
Last year a BBC investigation found that working practices | :14:31. | :14:33. | |
at Sports Direct were so tough, that ambulances were called | :14:34. | :14:35. | |
to its warehouse and premises 76 times in just two years. | :14:36. | :14:38. | |
Sports Direct boss Mike Ashley originally said he wouldn t attend | :14:39. | :14:42. | |
Over the weekend, he agreed to appear before MPs. | :14:43. | :14:50. | |
Lucy Burton has been following the story. | :14:51. | :14:58. | |
So Lucy, why the change of heart? Well, Mike Ashley has been | :14:59. | :15:03. | |
prevaricating for months, hasn't he? On Friday at the end of last week, | :15:04. | :15:09. | |
it looked like he wasn't going to appear in front of the MPs, he said | :15:10. | :15:12. | |
his lawyer wasn't available and neither would he be. Over the | :15:13. | :15:15. | |
weekend there was a change of heart, he wrote to the head of the | :15:16. | :15:19. | |
committee and said, "I will be available. I've got nothing to hide. | :15:20. | :15:23. | |
Qrts he feels like he is able to defend some of the allegations that | :15:24. | :15:27. | |
you mentioned at the beginning of the section, but also, there was a | :15:28. | :15:30. | |
suggestion that he could have been physically dragged in front of the | :15:31. | :15:34. | |
committee by the Serjeant at Arms at Parliament. Now, that would have | :15:35. | :15:38. | |
been on live TV. It would have been pretty embarrassing, it is unlikely | :15:39. | :15:42. | |
that would have happened, but a legal lengthy battle could have | :15:43. | :15:46. | |
ensued, he probably decided it is just easier to go in there and | :15:47. | :15:49. | |
defend my actions. Lucy, the challenge, of course, is determining | :15:50. | :15:55. | |
what he is accused of doing and whether MPs can get anymore evidence | :15:56. | :15:58. | |
to back that up. Talk us through the allegations? There is a number of | :15:59. | :16:02. | |
allegations that were uncovered by the BBC and the Guardian newspaper. | :16:03. | :16:07. | |
They looked at things like zero-hours contracts. A suggestion | :16:08. | :16:11. | |
that employees were harassed over the tannoy at workment they are | :16:12. | :16:16. | |
saying there was a rather Draconian six strikes and you're out system if | :16:17. | :16:21. | |
you were an agency worker. Those ambulance claims as well. What the | :16:22. | :16:25. | |
MPs will be trying to find out is whether the investigation that Mike | :16:26. | :16:29. | |
Ashley has launched into this has worked and how far it has got. Thank | :16:30. | :16:33. | |
you very much, Lucy for filling us in on that story. As ever, there is | :16:34. | :16:38. | |
a lot more online about that. It is a story, that we have been following | :16:39. | :16:42. | |
closely at the BBC with an investigation. You can see Mike | :16:43. | :16:50. | |
Ashley there. Read more detail. Analysis too from our business | :16:51. | :16:54. | |
correspondent, Joe Lynam, talking about the U-turn from Mr Ashley over | :16:55. | :16:58. | |
the weekend. Check it out on the website. | :16:59. | :17:02. | |
Our top story: Saudi Arabia is moving forward with plans to borrow | :17:03. | :17:07. | |
money from the international money markets for the first time ever. | :17:08. | :17:12. | |
The government hopes to raise about $15 billion through the sale | :17:13. | :17:16. | |
of government debt which it will then invest to help move | :17:17. | :17:19. | |
the economy away from its over reliance on oil. | :17:20. | :17:25. | |
Starting a business will always be tough, | :17:26. | :17:30. | |
but it can be particularly hard in creative industries | :17:31. | :17:33. | |
where funding is limited and competition is fierce. | :17:34. | :17:41. | |
Composer Ella Spira and producer Pietra Mello-Pittman set-up | :17:42. | :17:43. | |
the theatre company, Sisters Grimm, seven years ago | :17:44. | :17:46. | |
after a background in classical music and at the Royal Ballet | :17:47. | :17:49. | |
Their biggest production has been the Zulu ballet Inala | :17:50. | :17:56. | |
which performed to sold out crowds and the music was nominated for | :17:57. | :17:59. | |
It brought in almost $3 million, but despite the show's success | :18:00. | :18:04. | |
the pair find getting support for new productions | :18:05. | :18:06. | |
They are both with us now in the studio. Thank you for coming in to | :18:07. | :18:21. | |
be with us on Business Live. Ella, you're the composer and you're, you | :18:22. | :18:24. | |
were, well you still, are you still a ballet dancer? No, I left the | :18:25. | :18:28. | |
royal ballet last year and I am a full-time producer. So teaming up to | :18:29. | :18:33. | |
start Sisters Grimm, how did you two meet? How did it begin? We met | :18:34. | :18:41. | |
because she was looking for someone to write some music. I was cord owe | :18:42. | :18:46. | |
graphing a piece and didn't like the music I had. I gave to Ella as a | :18:47. | :18:50. | |
reference score and she composed something ten times better. We | :18:51. | :18:55. | |
fund-raised and recorded the score at Abbey Road and that was the first | :18:56. | :19:00. | |
time we collaborated together. You make it sound so easy. One gave | :19:01. | :19:04. | |
something to someone else and it came out beautifully. There must be | :19:05. | :19:09. | |
an element you have a specialism in specific areas, how do you make that | :19:10. | :19:13. | |
gel? We got on particularly well because we actually have matching | :19:14. | :19:18. | |
skill sets in being very organised, wanting to do things to the highest | :19:19. | :19:22. | |
standard, not cutting any corners and I think being leaders and | :19:23. | :19:27. | |
wanting to inspire people to want to work with us and believing in the | :19:28. | :19:31. | |
projects we want to do together. You both love spread sheets, is that | :19:32. | :19:34. | |
right? LAUGHTER | :19:35. | :19:37. | |
It is the key to success. Just to explain though when it comes to the | :19:38. | :19:43. | |
business skill, I mean, you know, we think in our heads composer, ballet | :19:44. | :19:49. | |
dancer, fantastic, incredible, aristic skills and when it comes to | :19:50. | :19:54. | |
running a business what about those skills? We never studied business. | :19:55. | :20:00. | |
It is something that was in us. We're entrepreneurial in our | :20:01. | :20:03. | |
creative concepts and the way we approached fund-raising. Yeah, it is | :20:04. | :20:07. | |
something we have always had. What was your biggest learning curve? | :20:08. | :20:11. | |
What's the biggest surprise of doing business? It is one thing to have | :20:12. | :20:16. | |
the creative flair and go out and meet people, raise money and get | :20:17. | :20:19. | |
shows on stage and deal with that? I think managing the fun raising side | :20:20. | :20:24. | |
of it is probably, in a sense, the biggest challenge because we know, | :20:25. | :20:28. | |
it is instinctive in us to know what to do with that money and how to | :20:29. | :20:33. | |
make it go as far as we can make it go. We managed to do a lot with very | :20:34. | :20:37. | |
small budgets, but it is, knowing how to deal with, you know, in the | :20:38. | :20:42. | |
time of austerity really, how to put things together in a creative way | :20:43. | :20:45. | |
because we came out of really that thing of a lot of cuts to the arts | :20:46. | :20:50. | |
funding. So we had to be creative about how we put our models | :20:51. | :20:54. | |
together. And also how you deal with each of those things because there | :20:55. | :20:59. | |
is not a one-size-fits-all. With this over here, this is the process, | :21:00. | :21:04. | |
with this over here, this is, not everything is totally plaque and | :21:05. | :21:09. | |
white, a lot of it is feeling things out. You're both very young. You are | :21:10. | :21:15. | |
both female. Has that held you back do you think or caused hindrances | :21:16. | :21:21. | |
and also in terms of future funding, it has got to be exhausting having | :21:22. | :21:25. | |
to sort of constantly push for that funding you need for those | :21:26. | :21:28. | |
production you desperately want to put on? I think we have felt some | :21:29. | :21:33. | |
challenges in being two ambitious female leaders. But we're driven and | :21:34. | :21:38. | |
we keep on pushing through and we don't give up and we have achieved | :21:39. | :21:44. | |
great things. There is definitely a challenge in looking at how you make | :21:45. | :21:50. | |
something more sustainable. And it is always looking at OK, how can we | :21:51. | :21:55. | |
maximise this skill that we have? What can we do with this? What can | :21:56. | :22:02. | |
we do to build the things we want to do whilst bringing in some other | :22:03. | :22:08. | |
income streams and how can we put the funding together for different | :22:09. | :22:10. | |
things. There has been challenges because of being women, but you make | :22:11. | :22:16. | |
the most of it. On that note, I could talk, we could talk all day. | :22:17. | :22:21. | |
The time is against us. Thank you. Thank you for coming in. | :22:22. | :22:30. | |
Flying is one of the safest forms of transport - | :22:31. | :22:36. | |
But recent accidents have focused our attention on how we can | :22:37. | :22:39. | |
Among those is the risk of cyber attack. | :22:40. | :22:43. | |
The computer systems of airliners being hacked and controlled | :22:44. | :22:45. | |
Our correspondent Theo Leggett caught up with cyber-security | :22:46. | :22:50. | |
expert, Matthew Finn whether it's a growing threat. | :22:51. | :22:55. | |
The worst that could happen is that someone could get control | :22:56. | :22:58. | |
of the aircraft or potentially of the landing lights, | :22:59. | :23:00. | |
Where we have been focusing attention for the last 40 | :23:01. | :23:13. | |
or 50 years has been about worrying about weapons getting | :23:14. | :23:16. | |
on board the aircraft, now the thinking is moving | :23:17. | :23:18. | |
into a space where we think about what could happen | :23:19. | :23:21. | |
None of this has actually happened yet, so how seriously our defence | :23:22. | :23:25. | |
Well, there have been some eventuated and possibilities | :23:26. | :23:40. | |
happening, such as that in Kiev Airport. | :23:41. | :23:42. | |
Even if it doesn't happen as yet, it is important to take a look | :23:43. | :23:46. | |
at how cyber security could present a risk to the aviation industry. | :23:47. | :24:02. | |
That was Matthew Finn speaking to Theo Leggett earlier. | :24:03. | :24:14. | |
Trevor Greetham, head of multi-asset at Royal London Asset | :24:15. | :24:16. | |
The Chief Executive that's taken a Friday off. If you have a flexible | :24:17. | :24:22. | |
schedule, great news because you can do more things, is there a danger | :24:23. | :24:27. | |
you end up working more? I'm not going to do 9am to 5pm, but 10am to | :24:28. | :24:34. | |
6pm and you end up working more? There is a danger of that and I can | :24:35. | :24:38. | |
speak from experience. I don't work Fridays. I have the same arrangement | :24:39. | :24:44. | |
as the CEO here. On Fridays I'm looking after my three boys aged | :24:45. | :24:49. | |
three, nine and 11. That's a different full-on day. I'm | :24:50. | :24:52. | |
responsible for my team and I'm having to check messages and the | :24:53. | :24:55. | |
four days I am in the office, are flat-out and there is no hanging | :24:56. | :24:58. | |
around at the water cooler talking about television! You're really | :24:59. | :25:03. | |
focussed on getting things done and it is a good way of getting things | :25:04. | :25:08. | |
done and I recommend it. Most Chief Executives we meet. We talk to a lot | :25:09. | :25:12. | |
of them on this show and a lot of programmes on the BBC are constantly | :25:13. | :25:16. | |
working. They are across everything. It is quite unusual for one of them | :25:17. | :25:21. | |
to say right, I'm going to take time out on a Friday. It is interesting | :25:22. | :25:25. | |
to think how those work for him feel about that? It is interesting, isn't | :25:26. | :25:29. | |
it? There is a picture of this guy mountain biking. We should mention | :25:30. | :25:37. | |
who is he is? He is Chief Executive of O 2 EU brands. I get one hour at | :25:38. | :25:43. | |
gym which is the me time for me on a Friday. It is more about balancing | :25:44. | :25:47. | |
family life and work life and things happen on Friday in the business | :25:48. | :25:50. | |
world which you have to be aware of, I think from my point of view, I | :25:51. | :25:54. | |
could work four days a week more efficiently than five. One we should | :25:55. | :26:01. | |
take on board. Trevor. We don't work on this programme on a Friday. There | :26:02. | :26:03. | |
is a reason. Bye-bye. | :26:04. | :26:09. |