Browse content similar to 31/10/2016. 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. | |
Brexit Anxieties - UK sales at the world's biggest | :00:00. | :00:09. | |
advertising firm have "softened", according to the latest | :00:10. | :00:11. | |
Live from London, that's our top story on 31st October. | :00:12. | :00:33. | |
Fluctuations in sterling have swayed the World's top advertising agency, | :00:34. | :00:36. | |
sales have slowed at WPP following the UK's | :00:37. | :00:39. | |
And Brexit uncertainty puts pressure on Mark Carney to clarify how long | :00:40. | :00:46. | |
he plans to stay in the job as Governor of the Bank of England. | :00:47. | :00:58. | |
The market is looking like this at the start of a new week. We'll talk | :00:59. | :01:01. | |
you through those numbers. The woman behind the Music | :01:02. | :01:06. | |
of Black Origin awards Kanya King She will be talking to us about this | :01:07. | :01:10. | |
year's ceremony and how to inspire the next generation | :01:11. | :01:14. | |
of black entrepreneurs. As IKEA ditches aspirational ads | :01:15. | :01:16. | |
to reflect the "daily grind". We want to know, should firms | :01:17. | :01:21. | |
sell us the lifestyle Let us know, just use | :01:22. | :01:23. | |
the hashtag #BBCBizLive. Advertising can often act as a key | :01:24. | :01:41. | |
early indicator of change or stress in an economy, | :01:42. | :01:46. | |
it's a bit like a canary When advertising does well it shows | :01:47. | :01:58. | |
we are buying and selling, economies tend to be growing. | :01:59. | :02:01. | |
The world's biggest advertising agency, WPP, has just | :02:02. | :02:04. | |
published its third quarter results, and it says they reflect some | :02:05. | :02:06. | |
In dollar terms worldwide sales were up 4.6% at $4.741 billion. | :02:07. | :02:17. | |
In the UK sales were up 2.1% in the first period after the UK's | :02:18. | :02:23. | |
The UK accounts for 14% of WPP's sales despite it being the company's | :02:24. | :02:31. | |
But weighing on all of this is a huge fall in value of the pound | :02:32. | :02:39. | |
which has had a huge affect on the value of the business. | :02:40. | :02:46. | |
Sir Martin Sorrell the Chief Executive and founder of WPP | :02:47. | :02:48. | |
joins me now from New York, where it's rather | :02:49. | :02:51. | |
He has his Halloween pumpkin with him in the studio! It is known as | :02:52. | :03:06. | |
the Trump pumpkin, the suntanned pumpkin! Will talk about the US | :03:07. | :03:11. | |
election in a moment but let's focus on your results. Ben was outlining | :03:12. | :03:15. | |
the fact it's been quite a difficult quarter and currency movement has | :03:16. | :03:20. | |
quite a bit to do with that. A little bit of an exaggeration I | :03:21. | :03:25. | |
think. It's been a good quarter, actually. You can't argue with sales | :03:26. | :03:30. | |
up 24% at the end of the day. If you look at it on a like-for-like basis, | :03:31. | :03:36. | |
yet to date, we are up 3.8% on revenue, 3.4 on net sales. A bit | :03:37. | :03:40. | |
slower in the third quarter on a like-for-like basis whether you are | :03:41. | :03:45. | |
looking at revenue or net sales. We had strong comparatives last year. | :03:46. | :03:53. | |
If you look at it geographically, the US continues to be strong, | :03:54. | :03:55. | |
continental Europe strong, places like India strong, Brazil better | :03:56. | :03:58. | |
than expected. What's really interesting is that greater China | :03:59. | :04:01. | |
and mainland China were strong in September and that was good because | :04:02. | :04:06. | |
we had a weak first six months, we were flat in the first six months. | :04:07. | :04:12. | |
Advertising and media, Digital and public relations and public affairs | :04:13. | :04:17. | |
strong, too. An Brexit and the UK, the UK softened in Q3 although | :04:18. | :04:23. | |
overall year-to-date we've done well, up over 3%. I think the | :04:24. | :04:29. | |
possible reason is uncertainty over Brexit. Whenever you have a | :04:30. | :04:33. | |
conversation with a client on the UK, the first thing that comes out | :04:34. | :04:38. | |
of their mouth is the potential impact on the UK of Brexit. I hope | :04:39. | :04:44. | |
Mark Carney stays, that will reduce the uncertainty. It will be a strong | :04:45. | :04:50. | |
hand at the monetary teller. I hope he does stay. If he goes, that will | :04:51. | :04:54. | |
introduce even more uncertainty. It's good to see the government | :04:55. | :04:58. | |
supporting the car industry and I assume what they've done for Nissan | :04:59. | :05:04. | |
or what they've promised will be extended to the whole industry. | :05:05. | :05:08. | |
That's good news, too. Having said that there is still considerable | :05:09. | :05:13. | |
uncertainty. 86% of your business is outside of the UK. You have talked | :05:14. | :05:18. | |
about concerns about Brexit but what about this upcoming election in the | :05:19. | :05:23. | |
United States and also some of the other uncertainties around the | :05:24. | :05:25. | |
world? You've mentioned China were strong in September which is | :05:26. | :05:29. | |
encouraging but it's still not clear really about the long-term outlook | :05:30. | :05:33. | |
China. On China, I think you'll have to wait until the People's Congress | :05:34. | :05:39. | |
next year. This time next year, when we seem further consolidation and | :05:40. | :05:44. | |
the President's position and whether he might stay on for 15 years or ten | :05:45. | :05:53. | |
years, we'll see whether having consolidated his power base he then | :05:54. | :05:57. | |
moves to focus on the economy rather than more of the anti-corruption | :05:58. | :06:00. | |
campaign. I think that will be the key issue. We'll have to wait until | :06:01. | :06:05. | |
next year to see that. On the US, ever since Friday night I suppose | :06:06. | :06:14. | |
the intervention has thrown a lot of uncertainty in. If you look at the | :06:15. | :06:20. | |
electoral arithmetic it seems that Hillary Clinton will make it. Having | :06:21. | :06:25. | |
said that either way, there are enough checks and balances in the | :06:26. | :06:29. | |
American system. What James Comey did on Friday night might have made | :06:30. | :06:33. | |
the position for the Republicans better in-house and better in the | :06:34. | :06:37. | |
Senate than otherwise. If Clinton was to win the presidency the checks | :06:38. | :06:43. | |
and balances are sufficient to prevent extremes. Having said that | :06:44. | :06:46. | |
we may still have more gridlock and more deadlock. Whatever happens | :06:47. | :06:50. | |
after November the 8th, whoever wrestles with the position of | :06:51. | :06:56. | |
president in the Oval Office is going to have a lot of controversy | :06:57. | :07:00. | |
surrounding it, generated by the FBI and some of the things that the | :07:01. | :07:06. | |
Trump camp have said in relation to the electoral process. And the Trump | :07:07. | :07:10. | |
following is extremely strong. He didn't get where he is today by not | :07:11. | :07:17. | |
having a very significant, vociferous following. That | :07:18. | :07:20. | |
uncertainty in and of itself is not good news. We've run out of time, | :07:21. | :07:28. | |
surprisingly! What a shame! You've got to be in the studio next time, | :07:29. | :07:34. | |
please! I promise you I will be, as long as we have a WPP logo and a | :07:35. | :07:38. | |
pumpkin! I can't guarantee the pumpkin! If you guarantee the logo | :07:39. | :07:45. | |
that's great! LAUGHTER Will see you soon! You can tell he works in | :07:46. | :07:47. | |
advertising! The EU and Canada have signed | :07:48. | :07:49. | |
a landmark free trade deal, which has been delayed for weeks | :07:50. | :07:53. | |
over objections from the Belgian The pact has taken seven years | :07:54. | :07:55. | |
to negotiate, it'll remove 99% of tariffs and generate billions | :07:56. | :07:59. | |
of dollars worth of trade. It's also viewed as a possible model | :08:00. | :08:03. | |
for the UK, following the country's Japanese electronics giant Sony | :08:04. | :08:06. | |
cut its annual profit outlook by 10% due to losses on the sale | :08:07. | :08:13. | |
of its battery business. The tech firm now expects | :08:14. | :08:16. | |
profits of $2.6 billion for the year ending March, | :08:17. | :08:20. | |
down some 30 billion yen down Sony is scheduled to release | :08:21. | :08:23. | |
its first-half results tomorrow. On the business live page all of the | :08:24. | :08:44. | |
details of the stories you need to follow. There is a story about Mark | :08:45. | :08:48. | |
Carney and we'll be talking about that later. There's a lot of | :08:49. | :08:52. | |
speculation of late about whether Mark Carney would step down as | :08:53. | :08:56. | |
governor of the Bank of England. Given the interference from Downing | :08:57. | :09:00. | |
Street. It's about the fact that he has an eight year term but there is | :09:01. | :09:07. | |
a five-year option to end at that point if he wishes. It's not about | :09:08. | :09:11. | |
him quitting in the near future but possibly going in 2018 as opposed to | :09:12. | :09:18. | |
2021. Just to be clear, that's not him in the picture! | :09:19. | :09:22. | |
Three of Japan's largest shipping firms are to merge | :09:23. | :09:24. | |
Some radical restructuring of the three coming together. More signs | :09:25. | :09:41. | |
the shipping sector is in trouble. To sail out of the stormy waters, | :09:42. | :09:46. | |
companies are having to join forces. Japan's top three shipping companies | :09:47. | :09:51. | |
are merging their container operations. They will form a joint | :09:52. | :09:59. | |
venture by next July. Together they will make the sixth largest camp -- | :10:00. | :10:07. | |
shipping container firm in the world. What's really important is | :10:08. | :10:11. | |
this consolidation comes after the global shipping industry has had to | :10:12. | :10:15. | |
deal with the fallout from the collapse of South Korea's largest | :10:16. | :10:22. | |
shipping firm. It is an industry suffering from overcapacity, low | :10:23. | :10:25. | |
freight rates and slowing global demand, all coming together in a | :10:26. | :10:40. | |
perfect storm. Thank you. Then make -- the markets are down over | :10:41. | :10:45. | |
uncertainty over the US presidential election. Shares in major shipping | :10:46. | :10:52. | |
firms jumping. Same sort of concerns for Europe ahead of what is now the | :10:53. | :10:56. | |
final week before that big vote. In the UK we get the quarterly | :10:57. | :11:00. | |
inflation report is on Thursday. Some expectations of whether Mark | :11:01. | :11:04. | |
Carney will make a statement about his future. That could happen on | :11:05. | :11:08. | |
Thursday to quell the speculation about whether he will leave early. | :11:09. | :11:11. | |
We'll talk about that more in a moment but first let's head | :11:12. | :11:12. | |
stateside. And Samira Hussain has | :11:13. | :11:16. | |
the details about what's ahead This is the final full week of | :11:17. | :11:23. | |
campaigning in the US presidential election and the latest US jobs | :11:24. | :11:29. | |
report will certainly be fought in the last days. Before we get to | :11:30. | :11:32. | |
Friday there are bits of business we need to look at. On Tuesday the US | :11:33. | :11:38. | |
Federal reserve will begin its two-day meeting. Markets are not | :11:39. | :11:42. | |
expecting a rise in interest rates at this meeting, given it comes just | :11:43. | :11:47. | |
a few days before the presidential election. Also happening this week, | :11:48. | :11:51. | |
Facebook will be reporting earnings and investors are expecting to see | :11:52. | :11:56. | |
another boost to add revenue and users. Finally we will also be | :11:57. | :12:00. | |
hearing from time Warner when they report their earnings. This comes as | :12:01. | :12:05. | |
the company is in the process of being acquired by a T | :12:06. | :12:12. | |
Joining us is Sue Noffke, UK Equities Fund Manager | :12:13. | :12:18. | |
at the asset management firm Schroders. | :12:19. | :12:21. | |
We've got the Federal reserve meeting, the Bank of England | :12:22. | :12:26. | |
inflation report, all the speculation about Mark Carney. | :12:27. | :12:30. | |
Interest-rate decisions from the Bank of England, too. You've got a | :12:31. | :12:35. | |
long list of earnings. We will be busy this week. We are one week into | :12:36. | :12:39. | |
a three-week earnings bonanza along with quite a lot of economic data as | :12:40. | :12:44. | |
well. We had GDP figures from the UK and the US last week which were | :12:45. | :12:49. | |
better than people had anticipated. It's the usual story with earnings, | :12:50. | :12:55. | |
where companies are beating downgraded expectations but quite a | :12:56. | :12:59. | |
mixed picture. Quite a lot of headwinds in the United States. The | :13:00. | :13:04. | |
stronger dollar has been inhibiting some of those overseas earnings for | :13:05. | :13:08. | |
US companies. And of course weaker sterling has been boosting a number | :13:09. | :13:15. | |
of UK companies. All you get a mixed result like WPP. When you look at | :13:16. | :13:23. | |
all these results, we are starting to piece together a picture. But | :13:24. | :13:28. | |
it's quite hard to do because all of this data is telling us different | :13:29. | :13:33. | |
things. We are sifting through and looking for real evidence. We've | :13:34. | :13:38. | |
seen markets respond to currency movement, particularly in the UK, | :13:39. | :13:42. | |
moving up those big international companies. Now we are looking for | :13:43. | :13:48. | |
the underlying improvements and looking at forward statements as | :13:49. | :13:52. | |
well as what has actually happened. It's quite an interesting scenario. | :13:53. | :13:57. | |
I assume we can't expect much action from central banks this week. It may | :13:58. | :14:04. | |
be again looking more to the commentary than the action at this | :14:05. | :14:08. | |
particular point but all eyes are on those December meetings. Lovely to | :14:09. | :14:14. | |
see you. I know you're going to talk us through the papers and will be | :14:15. | :14:20. | |
talking about the IKEA move and whether adverts should be | :14:21. | :14:26. | |
aspirational or reflect the gritty reality. I think they should be | :14:27. | :14:28. | |
aspirational! We'll meet Kanya King - | :14:29. | :14:31. | |
the co-founder of the Mobo Awards about creating a global brand, | :14:32. | :14:36. | |
and how she uses her business You're with Business | :14:37. | :14:38. | |
Live from BBC News. The Bank of England says "nothing | :14:39. | :14:50. | |
has changed" following reports that governor Mark Carney could stand | :14:51. | :14:54. | |
down, over claims of interference Mr Carney took over as governor | :14:55. | :15:00. | |
in 2013 for an eight-year term, but with an option to leave | :15:01. | :15:09. | |
after five years. Our Economics Editor, | :15:10. | :15:11. | |
Kamal Ahmed has been following this. He's joining us in the business | :15:12. | :15:24. | |
studio. There you are. We can see you. Explain to us why this. Dot. | :15:25. | :15:32. | |
The bank of ringing has been forced to make this statement. Mark Carney | :15:33. | :15:36. | |
has made it clear always he would make a decision about whether he was | :15:37. | :15:43. | |
going to leave, as he originally planned, in 2018, after five years | :15:44. | :15:47. | |
or he would extend his time at the bank until 2021, the more usual ATS | :15:48. | :15:54. | |
for a Bank of England governor. Of course, once you announce you're | :15:55. | :15:59. | |
going to make a decision at the end of year, speculation starts about | :16:00. | :16:03. | |
what the might be -- the usual eight years. I think after the referendum | :16:04. | :16:10. | |
he felt under some political pressure, the economic prognosis by | :16:11. | :16:15. | |
many people was gloomy and then we had that Theresa May comment | :16:16. | :16:20. | |
criticising the bank's monetary policy, saying it had bad side | :16:21. | :16:26. | |
effects. But I think, since then, his resolve has stiffened somewhat. | :16:27. | :16:29. | |
The economy has been performing rather more strongly endorse the | :16:30. | :16:33. | |
bank has been praised for providing more monetary stimulus and cutting | :16:34. | :16:37. | |
interest rates. Why does this matter? It's a question of | :16:38. | :16:42. | |
volatility. If you look at how sterling has performed against the | :16:43. | :16:47. | |
dollar, it's been on a downward path since the referendum. It's about | :16:48. | :16:51. | |
certainty, so a lot of people in the markets believe Mark Carney should | :16:52. | :16:55. | |
stay to provide that certainty until 2021. All right, thank you very much | :16:56. | :17:02. | |
indeed. There is a lot more from him and his analysis etc on our website. | :17:03. | :17:10. | |
We've mentioned all the speculation about Mark Carney. There's more | :17:11. | :17:16. | |
about what Sir Martin said come on you heard him here, and it's a | :17:17. | :17:20. | |
really busy day. More on Sony's results, as well. | :17:21. | :17:25. | |
Advertising giant WPP has said slowing revenue growth in the UK may | :17:26. | :17:30. | |
indicate the first signs of Brexit anxiety. | :17:31. | :17:36. | |
A quick look at how markets are faring. | :17:37. | :17:44. | |
Opec meeting which took place in Vienna on Friday, spilling over into | :17:45. | :17:51. | |
Saturday, still no agreement, it would seem between members and | :17:52. | :17:55. | |
nonmembers about supply cuts, production cuts, so that has caused | :17:56. | :17:58. | |
the price of oil to fall. Another story affecting the markets today. | :17:59. | :18:00. | |
And now let's get the inside track on the UK's MOBO awards. | :18:01. | :18:03. | |
That stands for Music of Black Origin. | :18:04. | :18:05. | |
This year's ceremony is happening in Glasgow on Friday. | :18:06. | :18:07. | |
The awards were founded by Kanya King in 1996 to celebrate | :18:08. | :18:10. | |
the wide-ranging genre in the mainstream media. | :18:11. | :18:14. | |
And, believe it or not, she was given just six weeks to set | :18:15. | :18:17. | |
Now it has developed into a mega event with 400 million viewers | :18:18. | :18:24. | |
across over 200 countries and plans are afoot to expand the MOBO brand | :18:25. | :18:28. | |
and its influence further into international territories | :18:29. | :18:31. | |
She literally just made it. We are very thankful you are here. Just | :18:32. | :18:48. | |
talk us through this full 's 1996, what made you come up with this | :18:49. | :18:52. | |
idea? I know you weren't alone, there were two of you, and you made | :18:53. | :18:56. | |
it happen in six weeks. In the mid-90s, the musical landscape was | :18:57. | :19:00. | |
changing and there was an audience not being catered for, the dish | :19:01. | :19:06. | |
urban music was on the margins of mainstream, and there was a kind of | :19:07. | :19:11. | |
a vibrancy regarding some of the music genres like hip-hop and reggae | :19:12. | :19:14. | |
that there was no mainstream platform where these genres could be | :19:15. | :19:21. | |
appreciated. You are working in music and television so were fairly | :19:22. | :19:24. | |
connected, but how easy was it to pull this off in six weeks? It | :19:25. | :19:30. | |
sounds like quite a feat. I wasn't working in a musical industry. I was | :19:31. | :19:34. | |
a research as an independent television production company, with | :19:35. | :19:37. | |
no connections in the music industry, but I was one of these | :19:38. | :19:43. | |
young people, very passionate about lots of different musical genres, | :19:44. | :19:47. | |
and I hoped somebody else would do something about it and I think my | :19:48. | :19:52. | |
overwhelming desire to celebrate reggae, soul, gospel music, left me | :19:53. | :19:57. | |
to remortgage my house against my mother 's better judgment. You had | :19:58. | :20:02. | |
quite a lucky break involving a chance meeting with someone. Talk me | :20:03. | :20:08. | |
through that story. Oh, yes, as a young parent, I had multiple jobs at | :20:09. | :20:15. | |
the time and I think this is a story where was working at Arsenal | :20:16. | :20:20. | |
football ground, and I remember supervising in the boxes, and this | :20:21. | :20:23. | |
young gentleman turned up in a bit of a flustered because it was meant | :20:24. | :20:27. | |
to meet his young nephew and he was late, so I took charge of the | :20:28. | :20:30. | |
situation, arranged for a meeting place for them to get together and | :20:31. | :20:34. | |
then we got talking and he was really grateful so I had his | :20:35. | :20:38. | |
undivided attention and when he tell you what he did for a living, he was | :20:39. | :20:43. | |
empty of LWT, at the time, I couldn't resist telling him I | :20:44. | :20:48. | |
amazing idea. Of course coming ahead of semi-times before but the | :20:49. | :20:54. | |
difference in this case was he was grateful. -- so many times. He had | :20:55. | :20:59. | |
to listen. He was very polite. He said to me, "I tell you what, what | :21:00. | :21:04. | |
you need to do is send a proposal to me. I guarantee you'll get a | :21:05. | :21:10. | |
meeting." With most of these things, you follow up straightaway and I got | :21:11. | :21:14. | |
a meeting in the following week. And, I guess, that was my lucky | :21:15. | :21:21. | |
break. Since 1996, in the UK we've got the was all over the world | :21:22. | :21:26. | |
incidentally, we've all heard of the MOBO wards, big event we see and | :21:27. | :21:30. | |
hear about but what impact has it had for black musicians since then | :21:31. | :21:37. | |
and where are you going next? -- MOBO awards. Any person regardless | :21:38. | :21:41. | |
of background colour should be able to discover their full potential of | :21:42. | :21:46. | |
music. Basically, we wanted every kid in every classroom every | :21:47. | :21:55. | |
community, to be inspired. So what we have tried to do is use the | :21:56. | :22:00. | |
impact and influence of the MOBO brand to highlight issues and causes | :22:01. | :22:03. | |
which are important to us. We've also been able to do that by | :22:04. | :22:09. | |
championing and celebrating emerging talent so lots of artists around the | :22:10. | :22:12. | |
world have had their first-ever platform on the MOBO stage. Briefly, | :22:13. | :22:17. | |
time is tight, but there's been such progress with that and all the work | :22:18. | :22:22. | |
MOBO has done to promote black musicians, do you still need a | :22:23. | :22:25. | |
separate ceremony because I would imagine a lot of black artists are | :22:26. | :22:31. | |
in the mainstream? You don't have to be black to win a MOBO award falls | :22:32. | :22:34. | |
it's all about the spirit of the music as opposed to where the | :22:35. | :22:41. | |
artist, what colour they are. It irrespective of background colour | :22:42. | :22:44. | |
but the truth the matter is, if you look at the nominees this year, | :22:45. | :22:48. | |
there is no other platform they would be celebrated and recognised | :22:49. | :22:52. | |
to millions of people around the world. I think that's important for | :22:53. | :22:56. | |
them. I look at our best newcomer category, they were unknown when | :22:57. | :23:02. | |
they were nominated, and now of course, they've been elevated to | :23:03. | :23:06. | |
mainstream status because of the MOBO backing. OK, thanks so much for | :23:07. | :23:10. | |
coming in. It's a great story. We will watch it on Friday. Thank you | :23:11. | :23:14. | |
very much. You've had more than six weeks to sort this out. | :23:15. | :23:15. | |
LAUGHTER In a moment we'll take a look | :23:16. | :23:17. | |
through the Business Pages. Real reveal what you thought of the | :23:18. | :23:24. | |
IKEA adverts. But first here's a quick reminder | :23:25. | :23:29. | |
of how to get in touch with us. Stay ahead of the braking business | :23:30. | :23:36. | |
news. We will keep you up-to-date with the latest details. Insight and | :23:37. | :23:41. | |
analysis from the BBC's team of editors right around the world. We | :23:42. | :23:45. | |
want to hear from you, too full to get involved on the BBC business | :23:46. | :23:53. | |
life web page. And on Twitter and Facebook. On TV and online, whenever | :23:54. | :24:04. | |
you need to know. You have been in touch with one of the stories we | :24:05. | :24:05. | |
discussed earlier. Sue Noffke, UK Equities Fund Manager | :24:06. | :24:09. | |
at the asset management firm Let's talk again about IKEA and its | :24:10. | :24:19. | |
advertising. It's a move away from aspiration and glossiness, the | :24:20. | :24:21. | |
perfection, to something more humdrum, a bit more which reflects | :24:22. | :24:33. | |
people. Normality. What we would all recognise behind our own front | :24:34. | :24:37. | |
doors, really. A bit of mess. They are calling it the daily grind. A | :24:38. | :24:42. | |
lot of people are saying this couple look very happy and this is not the | :24:43. | :24:45. | |
norm because you are probably arguing or doing the ironing or | :24:46. | :24:48. | |
something like that. Nonetheless, it's reflecting real life as opposed | :24:49. | :24:54. | |
to all those aspirational things but a lot of people are getting in touch | :24:55. | :24:58. | |
this morning. Jerome Kern are we supposed to wear its sackcloth and | :24:59. | :25:03. | |
ashes as well? A world of aspiration is dismal for the David, I can see | :25:04. | :25:08. | |
that. Anything aspirational seems out of reach this year. Why would | :25:09. | :25:12. | |
you buy something you've already got? They have to sell you something | :25:13. | :25:16. | |
you either don't have or don't need as part of the aspiration for some | :25:17. | :25:19. | |
and that other business make money ultimately. IKEA have also coined | :25:20. | :25:28. | |
the freeze repeats enough, -- phrase. They are in the business of | :25:29. | :25:32. | |
selling stuff to people and I suppose it's a shift from things | :25:33. | :25:36. | |
that perhaps we really do need or do want that fit into the day-to-day | :25:37. | :25:40. | |
aspect of our lives. Whatever we think, I'm sure many of us will have | :25:41. | :25:44. | |
the experience of not being able to put together those shelves. IKEA | :25:45. | :25:48. | |
just wants to study the cupboards and shelves to store that stuff. | :25:49. | :25:53. | |
Thank you for your company today. We will see you tomorrow. Bye-bye. | :25:54. | :26:05. | |
For many of us, a decent day today with some mild weather and sunshine. | :26:06. | :26:13. | |
Before we get there, we have some dense patches of fog to content with | :26:14. | :26:17. | |
this morning affecting much of England and Wales. Visibility down | :26:18. | :26:21. | |
to 50-100 metres in the worst | :26:22. | :26:23. |