21/02/2017

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:00:00. > :00:07.This is Business Live from BBC News with Rachel Horne and Sally Bundock.

:00:08. > :00:11.Europe's biggest bank sees profits take a dramatic dive.

:00:12. > :00:17.HSBC says it's been facing volatile market conditions.

:00:18. > :00:34.Live from London, that's our top story on Tuesday February 21st.

:00:35. > :00:38.Annual profits for HSBC collapsed by more than 60%.

:00:39. > :00:40.Our economics editor Kamal Ahmed will talk us through what this

:00:41. > :00:44.means for the bank - and the sector as a whole.

:00:45. > :00:51.YouTube scraps those 30 second ads it's impossible to skip through.

:00:52. > :00:54.Good news for viewers, maybe - but what will it mean

:00:55. > :00:58.And investors are grappling with the latest results

:00:59. > :01:00.from several key companies - we talk you through the good,

:01:01. > :01:11.This is how Europe's markets outside jesting them at the moment.

:01:12. > :01:14.And we'll be meeting the only living person who has invented and been

:01:15. > :01:17.implanted with a medical device to cure their own chronic

:01:18. > :01:20.It's called the Vibrant Soundbridge, and has given Geoffrey

:01:21. > :01:24.Workers in Australia's tax office have refused bosses' pleas

:01:25. > :01:30.to extend their working day from 4:51pm to 5pm.

:01:31. > :01:33.What could you achieve if you spent an extra nine minutes a day at work?

:01:34. > :01:50.Just use the hastag BBC Biz live And wherever you are -

:01:51. > :01:57.It is amazing what you can do in a whole nine minutes! Send in your

:01:58. > :01:59.comments on that and other stories we are covering today, it is a

:02:00. > :01:59.packed agenda. Full year results for banking giant

:02:00. > :02:03.HSBC has come in quite a bit below Pre-tax profit fell 62%

:02:04. > :02:09.from the previous year, with the bank calling it a period

:02:10. > :02:12.remembered for its largely unexpected economic

:02:13. > :02:23.and political events. The net profit of $7.1 billion

:02:24. > :02:26.compared with $18.87 billion recorded in 2015, and group chairman

:02:27. > :02:28.Douglas Flint says geopolitical changes contributed to volatile

:02:29. > :02:33.financial market conditions. Last year HSBC agreed to pay

:02:34. > :02:40.$1.6 billion dollars to end a class action lawsuit over its involvement

:02:41. > :02:43.in the US sub-prime mortgage scandal That is just one element that has

:02:44. > :02:52.been going on. It's also facing pressure

:02:53. > :02:54.to tighten up safeguards US regulators have said HSBC

:02:55. > :02:58.has made some progress And all this comes as the bank

:02:59. > :03:05.closes an additional 62 branches in the UK on top of the 55 announced

:03:06. > :03:09.last year and tries to recover from the reputational damage caused

:03:10. > :03:12.by being found guilty of taking part That is like many of its peers.

:03:13. > :03:27.Rachel, over to you. Our economics editor

:03:28. > :03:35.Kamal Ahmed is with me. Thank you for coming in. Sally has

:03:36. > :03:40.run through some of the issues, that drop in profits as much larger than

:03:41. > :03:45.expected, but overall, what has been the reaction? Overall the share

:03:46. > :03:49.price has come off a little bit, down almost 5%, but lots of that is

:03:50. > :03:55.to do with profit-taking, HSBC shares have gone up by over 50%

:03:56. > :04:01.since the referendum in the UK last summer. It said it would execute a

:04:02. > :04:05.$1 billion share buy-back. That was a little disappointing to some

:04:06. > :04:10.shareholders who said it would be around $3 billion, so shares have

:04:11. > :04:14.been a bit softer because of that. It shows two things, firstly it is

:04:15. > :04:18.very hard to make money in banking in this low interest rates, low

:04:19. > :04:26.inflation world we still inhabit. Secondly, global shots for a global

:04:27. > :04:31.bank, things like Brexit, the election victory of Donald Trump, me

:04:32. > :04:34.that trading tends to slightly softened, revenue is slightly

:04:35. > :04:42.softened and profits soften slightly. In overall terms, HSBC is

:04:43. > :04:47.robust, it revealed that its capital ratio, its core capital is now above

:04:48. > :04:51.13%, well above target, so it is a very robust balance sheet. What

:04:52. > :04:56.shareholders want to see is what is HSBC going to do without money, it

:04:57. > :05:02.has been selling assets in dealing with reputational damage that Sally

:05:03. > :05:07.spoke about, what would it do to reinvigorate growth and rebuild its

:05:08. > :05:12.business in Asia? Donald Trump Brexit, they were issues the global

:05:13. > :05:16.finance and trade, and perhaps the rising protectionism for a bank like

:05:17. > :05:21.HSBC, a global bank which gets a lot of business from global trade. Going

:05:22. > :05:26.forward, what impact will it have on the bank? Is two thirds of HSBC's

:05:27. > :05:32.profit comes from Asia and there is a trade war between and China, which

:05:33. > :05:36.President Trump has threatened at least, not gone through with yet but

:05:37. > :05:41.threatens, that could be damaging to trade around the world. HSBC is one

:05:42. > :05:47.of the biggest banks in trading so that could be something on its

:05:48. > :05:51.profits. At the moment there is a sense that this might be the dock

:05:52. > :05:57.before the sunlight, we have these big fiscal boosts possibly coming

:05:58. > :06:01.for America, cutting corporation tax, the release of animal spirits

:06:02. > :06:07.in the US economy, that would be very good for HSBC. What about in

:06:08. > :06:10.terms of who was running the bank in the future? Douglas Flint is

:06:11. > :06:16.expected to retire and we do not know who will succeed him, Richard

:06:17. > :06:21.Gulliver is expected to move on in the next few years? HSBC was always

:06:22. > :06:25.a business promoted from within, it has never had an external Chief

:06:26. > :06:31.Executive or Chairman, some shareholders are pushing for outside

:06:32. > :06:34.blood. No real detail on how that is going, there is a process and

:06:35. > :06:40.Douglas Flint and Stuart Gulliver are due to move on. There are 2

:06:41. > :06:48.megabits candidacy would look at, both Portuguese, there is the head

:06:49. > :06:52.of UK and European HSBC and the chief executive of Lloyds bank, one

:06:53. > :06:56.of the other big banks in the UK commerce and big candidates. There

:06:57. > :06:59.are not that many people Houara chelated in the right way with the

:07:00. > :07:04.right skill set to run a massive global bank. There is only a handful

:07:05. > :07:09.of people, there could be an internal candidate, it could be

:07:10. > :07:12.external, shareholders are most at -- are more focused on whether

:07:13. > :07:17.bankers going to do Stuart Gulliver rather than what will happen next. I

:07:18. > :07:25.am sure you will be putting this on the website? May well be! Is that an

:07:26. > :07:25.order?! Some other stories, it is an extremely busy day.

:07:26. > :07:27.The world's biggest miner, BHP Billiton, reports

:07:28. > :07:29.a near eight-fold rise in underlying first-half net profit

:07:30. > :07:36.to $3.24 billion from $412 million a year earlier.

:07:37. > :07:40.And shareholders received a bigger than expected dividend

:07:41. > :07:42.of 40 cents a share, signalling its growing

:07:43. > :07:46.confidence amid a resurgence in commodity prices.

:07:47. > :07:48.Good news for Intercontinental Group shareholders -

:07:49. > :07:50.the hotel group reveals it is to issue a special

:07:51. > :07:53.$400 million dividend for shareholders and an 11% increase

:07:54. > :07:58.This comes as the UK-listed owner of Holiday Inn reports a 9.5%

:07:59. > :08:08.increase in underlying profit to $702 million for 2016.

:08:09. > :08:13.And YouTube is to scrap unskippable 30-second advertisements from 2018.

:08:14. > :08:16.Google has confirmed that it will focus on formats that work well

:08:17. > :08:18.for both users and advertisers, and says long unskippable adverts

:08:19. > :08:21.on the video-streaming service are seen as a nuisance by many

:08:22. > :08:40.I can hear you all cheering as I read that out loud!

:08:41. > :08:43.Let's look at what is on the tablet and sticking with HSBC, all those

:08:44. > :08:47.banking stories making the headlines. The plunger natures BC

:08:48. > :08:54.shares, lots of other banks are reporting this week as well. -- the

:08:55. > :08:59.plunge in HSBC shares. We chatted to Kamal before we came on air and we

:09:00. > :09:02.talk about how the falls on the FTSE, he believes they are more

:09:03. > :09:06.profit-taking, people selling of shares they bought in anticipation

:09:07. > :09:11.of a larger buy-back scheme. They announced the share buy-back of

:09:12. > :09:17.$1 billion, they expected it to be larger than that, it has done a

:09:18. > :09:21.previous one of $2.5 billion. As Kamal Ahmed mentioned, profits are

:09:22. > :09:22.up 50% since the June referendum. Always lots of layers in these

:09:23. > :09:23.figures. Troubled Japanese technology giant

:09:24. > :09:26.Toshiba wants to raise $8.8 billion from the sale of most

:09:27. > :09:44.or all of its flash chip business. Tell us some more about this story?

:09:45. > :09:48.Toshiba's microchips are mostly used on mobiles and tablets and it is one

:09:49. > :09:52.of the conglomerate's most valuable businesses, if reports are accurate

:09:53. > :09:57.they are considering a sell-off of majority stake to raise up to $8

:09:58. > :10:01.billion, a much bigger slice of the business than the 19.9% they

:10:02. > :10:07.previously said they would sell. Why some of the Crown Jewels? Toshiba is

:10:08. > :10:10.trying to plug a big hole in finances due to a write-off of its

:10:11. > :10:16.US nuclear division. One credit ratings agency said that the rating

:10:17. > :10:19.might be smashed as a result, bad news for investors, said they were

:10:20. > :10:26.not enthusiastic about the sale today. Toshiba stocks rose almost 2%

:10:27. > :10:32.in early trading but closed about 1.39% lower. Thank you. That is one

:10:33. > :10:37.of the shares on the move in Asia, another stock on the move was HSBC,

:10:38. > :10:40.it is listed in Hong Kong as well as London, its shares in Hong Kong were

:10:41. > :10:46.head quite badly when the results came out, shares down on the Hang

:10:47. > :10:50.Seng something like 3.5%. That is ready's close for the States, it was

:10:51. > :10:54.President's Day on Monday so no action on Wall Street yesterday,

:10:55. > :11:00.they will reopen after a nice long bank holiday weekend.

:11:01. > :11:04.Let's look at Europe, BHP Billiton shares are doing nicely if we can

:11:05. > :11:10.move on to the European markets. And Anglo-American as well came out with

:11:11. > :11:15.results very similar to BHP, a real turnaround, losses last year, big

:11:16. > :11:21.profits this year, commodity prices have been on the way up. In

:11:22. > :11:26.particular, metals. Not enough to boost the FTSE. HSBC is lower,

:11:27. > :11:30.mining stocks higher, the FTSE down by almost 0.4%, the European markets

:11:31. > :11:34.are headed lower. Back to Rachel. Mike Amey, managing director

:11:35. > :11:44.and portfolio manager Thank you for coming in. I will bore

:11:45. > :11:51.you with banking, we started with HSBC, lots of the banking stocks are

:11:52. > :11:57.down this morning, on the FTSE. Lloyds are down 1%, RBS 1.3%,

:11:58. > :12:07.Barclays 1.45%, Standard Chartered 2%. The banking sector has done very

:12:08. > :12:11.well, posed Brexit, a big bounce, HSBC up 50%, so a bit of

:12:12. > :12:20.nervousness. The other thing that is going on is in the HSBC commentary,

:12:21. > :12:23.basically the amount of money they make on their day-to-day business

:12:24. > :12:27.looks like it is coming in lower than expected. Roughly speaking,

:12:28. > :12:31.they take deposits offers and land them on mortgages to us or others,

:12:32. > :12:36.the differential between those is how they make money, when interest

:12:37. > :12:41.rates are low, that squeezes profits. Is that why did the dens

:12:42. > :12:45.are so important right now, another way of getting money in when

:12:46. > :12:51.interest rates are so low? -- is that why dividends are so important?

:12:52. > :12:55.Intercontinental hotels, Anglo-American and BHP are saying

:12:56. > :13:00.the dividends are there, they are upping them? We are all looking for

:13:01. > :13:05.ways to get income, frankly, with low interest rates. Sustaining the

:13:06. > :13:09.dividend is very important. Prices because people look at other ways.

:13:10. > :13:13.Bank deposits, they say they will not get income so if there are other

:13:14. > :13:15.ways to do it safely they will, so the message about keeping the

:13:16. > :13:19.dividend is trying to reinforce that.

:13:20. > :13:23.Aside from banking stocks reporting we have minutes from the latest

:13:24. > :13:27.Federal Reserve meeting coming out on Wednesday, what are we looking

:13:28. > :13:31.for? Not everybody is at superlow interest rates and staying there,

:13:32. > :13:35.the Federal Reserve has raised interest rates already and the

:13:36. > :13:39.question is how quickly. They raised rates in December, these minutes

:13:40. > :13:42.will be all about March or June. Our best guess is probably June rather

:13:43. > :13:46.than March, if they have a decent couple of months worth of data

:13:47. > :13:51.perhaps Marge, rates are going up somewhere, not all bad news.

:13:52. > :13:54.You are coming back to do the papers, see you later.

:13:55. > :13:58.We will find out how much might can do in terms of productivity in nine

:13:59. > :13:58.minutes. He is thinking about that now.

:13:59. > :14:01.Using wearable tech to tackle disability.

:14:02. > :14:03.We'll meet the man whose revolutionary hearing implant

:14:04. > :14:08.You're with Business Live from BBC News.

:14:09. > :14:10.British house-builder Galliford Try has just announced a 19% rise

:14:11. > :14:14.in pre-tax profits in its latest half year results.

:14:15. > :14:17.The firm has set new house-building targets of 5000

:14:18. > :14:30.Theo Leggett has been crunching the numbers.

:14:31. > :14:37.would seem for these kind of house-builders that they are doing

:14:38. > :14:40.extremely well? They are, good times for the house-builders because there

:14:41. > :14:46.is so much demand for residential property in this country. According

:14:47. > :14:49.to the Government's house-building white paper, that will continue, so

:14:50. > :14:55.Gulliver try is pinning its hopes on that. The press release says they

:14:56. > :14:59.are strengthening their foundations to support strategy for growth, the

:15:00. > :15:03.worst plan of the day, in my opinion, but looking at the three

:15:04. > :15:07.areas of their business, Linden homes, probably the most

:15:08. > :15:11.recognisable brand, their main residential property building on,

:15:12. > :15:14.that has very good rotted margins at the moment, it currently builds

:15:15. > :15:20.around 1500 houses a year and wants to increase that to more than 5000.

:15:21. > :15:22.It also has its partnership and regeneration division working with

:15:23. > :15:26.local authorities to build affordable housing, that is all

:15:27. > :15:30.doing rather well, expanding with reasonable profit margins. There is

:15:31. > :15:35.another area that is business that generates big revenue but poor

:15:36. > :15:38.margins, its infrastructure and construction business. That is wafer

:15:39. > :15:42.thin margins at the moment. The picture overall is very good,

:15:43. > :15:45.revenues increase profit margins are very good, but that part of the

:15:46. > :15:50.business is looking comparatively weak.

:15:51. > :15:55.It is hard to gauge where things will go next. There are a loft

:15:56. > :16:00.elements that are good and strong. But we were talking to the boss of

:16:01. > :16:04.Redrow after that White Paper was released. If you read the statement

:16:05. > :16:08.that Galliford Try put out this morning, they state we continue to

:16:09. > :16:13.monitor market conditions and consumer confidence closely and are

:16:14. > :16:16.mindful of the uncertainty in the economic environment. Who would not

:16:17. > :16:21.be right now? There is so much uncertainty out there. They say as

:16:22. > :16:25.emphasised by the housing White Paper, the Government remains

:16:26. > :16:30.committed to increasing housing supply. They say the market

:16:31. > :16:33.continues to enjoy good mortgage availability along with low interest

:16:34. > :16:35.rates and the stimulus of Help To Buy. The outlook seems good for

:16:36. > :16:41.them. They are taking advantage and they are planning to expand.

:16:42. > :16:44.You see how much Theo Leggett can do in less than nine minutes. We thank

:16:45. > :16:51.you for your time. You're watching Business Live.

:16:52. > :16:53.Our top story: Europe's biggest bank

:16:54. > :16:54.sees its annual profits HSBC says volatile market

:16:55. > :16:58.conditions are to blame. A quick look at how

:16:59. > :17:10.the markets are faring. We have had results from many

:17:11. > :17:14.companies. Take a look at the Business Live page. It will detail

:17:15. > :17:15.it all for you and also talk you through the various winners and

:17:16. > :17:18.losers. The innovators behind tech companies

:17:19. > :17:20.often have extraordinary stories. But few can match the experience

:17:21. > :17:23.of the next person we're featuring in our week long

:17:24. > :17:25.Disability Works series. Geoffrey Ball is the chief

:17:26. > :17:33.technology officer of Med-El, which is a global company

:17:34. > :17:35.researching the field of hearing loss and making

:17:36. > :17:38.implantable hearing systems. Geoffrey developed hearing loss

:17:39. > :17:43.as a child, but later became frustrated by traditional hearing

:17:44. > :17:44.aids, so searched After completing a biomedical

:17:45. > :17:48.degree, he worked in the field of neuroscience, biomedical

:17:49. > :17:51.and auditory research. This lead him to develop

:17:52. > :17:53.and personally test a middle ear implant, known as the Vibrant

:17:54. > :17:59.Soundbridge. His situation is unusual

:18:00. > :18:02.because he is both inventor and patient of the medical device

:18:03. > :18:04.aimed at curing a chronic Geoffrey Ball is Chief Technology

:18:05. > :18:18.Officer at MED-EL and joins us. Good to see you. Welcome to the

:18:19. > :18:23.programme. Thank you. Just tell us the story from the beginning. We do

:18:24. > :18:26.hear of people struggling with hearing loss or profound deafness,

:18:27. > :18:36.but you don't hear of them fixing the problem themselves. It is very

:18:37. > :18:40.unusual. Yes, well, I lost my hearing as a toddler. I had a high

:18:41. > :18:45.fever and after that I could no longer hear. I wore hearing aids for

:18:46. > :18:50.a long time. I grew up in Silicon Valley, California and I got help

:18:51. > :18:54.from special educators and from speech pathologists and I was quite

:18:55. > :18:59.lucky. But hearing aids never worked for me. They just made everything

:19:00. > :19:03.louder, but they didn't make everything clearer. So I decided

:19:04. > :19:06.well, I'm going to come up with something I want, an implant that's

:19:07. > :19:11.going to fix it because you have to go into the ear. I asked my doctors

:19:12. > :19:17.at Stamford University when is the implant coming? They said next year.

:19:18. > :19:20.After several years of that, I finally graduated from university

:19:21. > :19:31.and I said maybe I can come to the lab and help you out. So I spent

:19:32. > :19:35.years working in the lab. I didn't have an epiphany. I worked out how

:19:36. > :19:40.to make an implant that would work and I started the company and that's

:19:41. > :19:44.how we went. In terms of your eureka moment, building that device that

:19:45. > :19:47.worked. For many inventors, that's going to bring a certain level of

:19:48. > :19:51.pleasure and satisfaction, but for you, it wasn't that achievement, it

:19:52. > :19:56.was going to improve your life? It was going to improve my life, but it

:19:57. > :19:59.was a sense of relief because I built hundreds of devices that

:20:00. > :20:03.didn't work, and to come up with the one that did work was a great day

:20:04. > :20:08.and then, of course, the real challenge happened. This happened in

:20:09. > :20:13.my garage in Silicon Valley which is located around the corner from Steve

:20:14. > :20:18.Jobs' garage who started this fruit company called Apple! I hope he did

:20:19. > :20:22.OK with that! And today, that's probably the last medical device

:20:23. > :20:28.that will come out of a garage like that! Just tell us, you created the

:20:29. > :20:32.device. You then had to raise funding to launch it, start a

:20:33. > :20:38.company and then tell us about the day you tried to launch? Well, when,

:20:39. > :20:42.first I had to get the device implanted and having your own device

:20:43. > :20:46.implanted and having it work was really, like I was so happy and that

:20:47. > :20:52.was great. You could hear things that I never heard before like

:20:53. > :20:56.birds. I never heard wind blowing through the trees, but then we went

:20:57. > :21:00.to launch the product and we did trials in Europe and we got approved

:21:01. > :21:06.here and we were doing very well as a company and then we launched the

:21:07. > :21:09.company. I had about 150 employees, I had my doctors, at a conference in

:21:10. > :21:13.the United States and we launched it on the worst day in history to

:21:14. > :21:19.launch a company which was 11th September 2001. After that, it was

:21:20. > :21:29.really hard for us to even talk about elective implants for people.

:21:30. > :21:31.So, inventors and the leaders in the field of cock lard implants bought

:21:32. > :21:36.my company and moved me to Austria my company and moved me to Austria

:21:37. > :21:40.and I have been working there for 15 years and we have tens of thousands

:21:41. > :21:43.people now implanted with the devices and we have a family of

:21:44. > :21:48.hearing products for different types of hearing loss. You talk about how,

:21:49. > :21:56.you know, if somebody has eyesight problems, they go to an optician and

:21:57. > :22:03.there are lots of different options and you would go and a hearing aid

:22:04. > :22:06.was the only option? You've revolutionised that right now? It

:22:07. > :22:09.was just a hearing aid. I didn't want those. They don't work very

:22:10. > :22:14.well for all people. Hearing aids have got much better. They work well

:22:15. > :22:18.for mild and moderate hearing loss. There are several companies that now

:22:19. > :22:21.sell them. But for what is so cool is today for kids with profound

:22:22. > :22:29.hearing loss and severe hearing loss, they have so many options that

:22:30. > :22:33.I never had. And they have cock lard implants which use lick theatrical

:22:34. > :22:38.stimulation, we have the sound bridge which uses the middle ear and

:22:39. > :22:42.what the positions have done is so amazing, and also we implanted some

:22:43. > :22:47.of our first devices here at St Tom's right here in London so it is

:22:48. > :22:50.good to be here. Geoffrey, it is fascinating to hear

:22:51. > :22:54.your story. Thank you for coming in and tell us about it. I'm really

:22:55. > :23:01.glad that you were determined. It changed thousands of people's lives.

:23:02. > :23:05.Geoffrey Ball Chief Medical Officer at MED-EL.

:23:06. > :23:07.You can find out more about the weeks coverage

:23:08. > :23:09.at bbc.co.uk/disability and on social media search

:23:10. > :23:14.It is a theme we're following. The challenges of disability in the

:23:15. > :23:17.workplace. In a moment we'll take a look

:23:18. > :23:20.through the business pages, but first here's a quick reminder

:23:21. > :23:24.of how to get in touch with us. The Business Live page

:23:25. > :23:28.is where you can stay ahead with all the day's

:23:29. > :23:30.breaking business news. We will keep you up-to-date

:23:31. > :23:33.with all the latest details, with insight and analysis

:23:34. > :23:35.from the BBC's team of editors Get involved on the BBC business

:23:36. > :23:43.live web page: bbc.com/business, on Twitter @BBCBusiness and you can

:23:44. > :23:45.find us on Facebook Business Live on TV and online,

:23:46. > :24:14.whenever you need to know. What did you achieve in your nine

:24:15. > :24:17.minutes? The story is an Australian story about one of the Government

:24:18. > :24:22.agencies trying to extend the working day at the moment. It

:24:23. > :24:31.finishes at 4.51 and the hope was to get it to 5pm which was, which the

:24:32. > :24:34.employees stuck with 4.51, that extra nine minutes is really what

:24:35. > :24:38.the Government was trying to get out of their employees. They were

:24:39. > :24:44.pushing it, saying it would increase productivity. What do you guys think

:24:45. > :24:49.you can do in nine minutes. Mason says make a cup of tea. Relax.

:24:50. > :24:58.Regain used energy. Somebody else said they could close a sale in nine

:24:59. > :25:03.minutes. Yes! , "Just pay them more if you want them to work for it. You

:25:04. > :25:06.get nothing for nothing." They were offering a slight pay rise, but the

:25:07. > :25:12.nine minutes added up to... Five days a year. There are various ways

:25:13. > :25:22.you could do that. You could put it as a perk. If you do an extra nine

:25:23. > :25:28.minutes, you get five days off extra holiday! Talking about the cost of

:25:29. > :25:35.moving or having Americans make the stuff that many are making in

:25:36. > :25:42.factories in Asia? There is the challenge with where production is

:25:43. > :25:45.located and trade particularly under the new US presidency and it looks

:25:46. > :25:49.as if this one is about whatever happens, it will be much cheaper to

:25:50. > :25:51.make it in China. We'll keep an eye on that. It is a big issue at the

:25:52. > :25:53.moment. There will be more business news

:25:54. > :25:57.throughout the day on the BBC Live webpage and on World Business

:25:58. > :26:13.Report. Hello. In some parts of the British

:26:14. > :26:16.Isles Monday turned out to be a glorious day. Our Weather Watchers

:26:17. > :26:22.were out and about capturing the best of it and the temperatures

:26:23. > :26:23.caught the eye as well. Widely well on into the teens across the British