:00:00. > :00:09.This is Business Live from BBC News with Sally Bundock and Ben Thompson.
:00:10. > :00:13.A surprise fall in iPhone sales takes a bite out of Apple's share
:00:14. > :00:18.price as customers wait for the tenth anniversary upgrade.
:00:19. > :00:33.Live from London, that's our top story on Wednesday, 3rd May.
:00:34. > :00:37.The world's most valuable company saw another whopping rise
:00:38. > :00:41.in revenues as services like iTunes grew but tough competition in China
:00:42. > :00:51.We'll get an expert view on the latest numbers from Apple.
:00:52. > :00:55.The biggest slice of Germany's biggest bank
:00:56. > :01:08.But will it make any difference to Deutsche Bank's problems?
:01:09. > :01:18.The FTSE is down. The size of the divorce bill has
:01:19. > :01:21.investors worried and we'll explain why.
:01:22. > :01:24.And how do you fancy dinner with a stranger?
:01:25. > :01:27.No, we're not talking about a first date, but a new app that promises
:01:28. > :01:29.to serve up a local, authentic home-cooked dinner
:01:30. > :01:35.And so today we want to know if Sally or I nipped
:01:36. > :01:37.round to your place, what would you make us?
:01:38. > :01:47.Let us know. Use the hashtag BBCBizLive.
:01:48. > :02:02.Send in your invitations. We'd love to come round for dinner sometime!
:02:03. > :02:05.Apple is the world's most valuable company and it made another huge
:02:06. > :02:07.profit in the first three months of the year.
:02:08. > :02:17.The California based giant sold just under$ 53 billion worth of products
:02:18. > :02:24.as it continues to dominate the smartphone market.
:02:25. > :02:29.But surprisingly iPhone sales actually fell by 1%
:02:30. > :02:31.mainly because customers are holding off purchases while waiting
:02:32. > :02:33.for the tenth anniversary model expected this autumn.
:02:34. > :02:38.They still sold over 50 million of them though including
:02:39. > :02:46.more of their expensive 7 Plus smartphone.
:02:47. > :02:48.Apple shares were down 2% in after hours trading,
:02:49. > :02:51.but that is a mere blip if we look at the stock's long
:02:52. > :02:56.You can see here how Apple's share price has been rising over the last
:02:57. > :03:01.It hit a record high of $147.51 just ahead of this
:03:02. > :03:08.trading update making the company worth a whopping $773 billion.
:03:09. > :03:12.Over the last year alone there has been an increase of more than 60%
:03:13. > :03:20.this is partly because during that time iPhone sales have gone up.
:03:21. > :03:23.But also because investors are betting that if Apple brings back
:03:24. > :03:27.to the US its huge cash reserve that now tops $250 billion,
:03:28. > :03:36.Iphones are, of course, Apple's best selling
:03:37. > :03:38.product but services are the second biggest part
:03:39. > :03:41.That includes App Store downloads, Apple Pay and Apple Music
:03:42. > :03:47.and they are now worth 13% of total revenues.
:03:48. > :03:50.Let's talk in more detail about what it means.
:03:51. > :03:52.Gareth Holmes is Managing Director for Europe, the Middle East
:03:53. > :03:54.and Africa at Sonobi which is an advertising
:03:55. > :04:00.Welcome to the programme. Thank you. Sally running through all the
:04:01. > :04:04.numbers. I wonder what was the stand out thing for you. What's surprising
:04:05. > :04:09.about the figures? The continued growth. Some say it is a rapid
:04:10. > :04:12.growth. I think it is indicative of the general success we're seeing of
:04:13. > :04:18.the technology industry. The softening in China is fascinating.
:04:19. > :04:22.It looked early that they were looking strong, late 14, early 15.
:04:23. > :04:29.However, that seems to have softened somewhat and they have met the head
:04:30. > :04:36.China. They are local manufacturers China. They are local manufacturers
:04:37. > :04:40.and they are retaining shares. We see Apple continue to strengthen
:04:41. > :04:43.whilst facing a head wind in China. You look at this very much from a
:04:44. > :04:48.technology point of view in term of what Apple knows about us and how it
:04:49. > :04:51.will determine what they make for us in future and it is a fascinating
:04:52. > :04:54.journey. All the information that I provide by using devices, they are
:04:55. > :04:59.using all of that to determine what I'll buy five or ten years from now?
:05:00. > :05:04.Yeah, it is also what you'll buy, but where we as a species are going,
:05:05. > :05:08.they're understanding what our consumption habits are. They realise
:05:09. > :05:13.whilst they produce hardware they produce a software that we interact
:05:14. > :05:17.with on a daily basis. They are looking at the experienceal side of
:05:18. > :05:22.what we do. It is a smartphone also, but as humans, as a species, where
:05:23. > :05:26.are we going? So Apple are innovating and they're meeting what
:05:27. > :05:30.we need at the moment, but they are setting that expectation what's
:05:31. > :05:32.coming next for Apple? That expectation is so important, the
:05:33. > :05:36.idea that people are hanging on, they are not really convinced that
:05:37. > :05:40.what Apple is offering is revolutionary enough to upgrade so
:05:41. > :05:43.they won't change their phone yet so they have got to pull something
:05:44. > :05:47.drastic out of the bag to persuade us to part with money to buy the
:05:48. > :05:52.next one? They have certainly made a rod for their own back and they have
:05:53. > :05:56.commented themselves upon that. They have seen strong upgrades for
:05:57. > :06:00.existing Apple users upgrading to the new phone, they have seen strong
:06:01. > :06:05.transition from other smartphones into themselves, so what will be
:06:06. > :06:09.next? I think, we are waiting on what's the next phone coming out on
:06:10. > :06:13.an annual basis? For Apple they manage to do that themselves, don't
:06:14. > :06:17.they? They change our behaviour, they are making us want things we
:06:18. > :06:23.don't know that we want? Correct. The important thing to realise
:06:24. > :06:26.people too and they are broad, people too and they are broad,
:06:27. > :06:30.diverse types of people so they understand where we're going and
:06:31. > :06:34.what we want. From a research and innovation prospective, they're
:06:35. > :06:40.right on the money. They have us on tenterhooks. What's next shall we
:06:41. > :06:45.take a new upgrade for wait for the 10? Gareth, thank you.
:06:46. > :06:47.The world's biggest carmaker Volkswagen has seen a massive jump
:06:48. > :06:53.in profits for the first three months of this year.
:06:54. > :07:01.The company made $4.77 billion which is 40% more than a year ago.
:07:02. > :07:06.The chief executive says cost-cutting and greater
:07:07. > :07:08.efficiencies have been driven the improvement.
:07:09. > :07:09.But the diesel emission scandal also continues
:07:10. > :07:23.So far it has cost more than $20 billion.
:07:24. > :07:27.You've got 15 days to express your interest says
:07:28. > :07:29.Italy's Industry Minister this morning.
:07:30. > :07:30.The troubled flagship airline is in administration
:07:31. > :07:32.after the Italian government formally approved the move.
:07:33. > :07:34.The company said its flight schedule would continue
:07:35. > :07:36.to operate as planned, while administrators
:07:37. > :07:38.examine whether the firm can be turned around.
:07:39. > :07:40.Alitalia has received more than 7.5 billion euros
:07:41. > :07:43.from the Italian state over the last decade but without further help,
:07:44. > :07:49.Indian IT firm Infosys will hire 10,000 workers and open
:07:50. > :07:52.four technology centres in the United States
:07:53. > :07:56.It comes amid criticism that firms are using lower-paid foreign
:07:57. > :08:11.That's the visa President Trump has told federal agencies to review.
:08:12. > :08:17.More information on the BBC Business Live page. The FTSE opened down this
:08:18. > :08:21.morning. We will look at the markets and look at the impact of sterling
:08:22. > :08:25.on all of that as well. We have seen that rise this morning. Full
:08:26. > :08:28.details, of course, on the website, the BBC Business Live page and
:08:29. > :08:32.dominated as you can see this morning by a UK story, Sainsbury's
:08:33. > :08:34.one of the biggest retailers here in the UK. It's sales are down and
:08:35. > :08:38.profits have fallen. Deutsche Bank is Germany's
:08:39. > :08:40.biggest lender and one of the most important pillars
:08:41. > :08:44.of the international banking system. China's HNA Group has
:08:45. > :08:59.increased its stake to nearly 10%. John, talk us through the
:09:00. > :09:04.significance of this if you would. Well, Deutsche Bank, of course, is a
:09:05. > :09:09.bank looking for cash because of its legacy issues and China's HNA Group
:09:10. > :09:16.is seemingly a company with a lot of money to spend. It has been on an
:09:17. > :09:21.acquisition spree around the world. As you say, it would make it
:09:22. > :09:25.Deutsche Bank's biggest shareholder with something like 10% of shares.
:09:26. > :09:30.So it's great news for Deutsche Bank. What I think is interesting
:09:31. > :09:35.from a Chinese prospective, it is against the trend. 2016 was the
:09:36. > :09:39.bumper year for outward investment, Chinese companies heading off
:09:40. > :09:45.abroad, but the Government has been putting the brakes on out of a fear
:09:46. > :09:53.of a sliding currency, Deutsche Bank is the next one in its sights.
:09:54. > :09:57.Interesting. Thank you John. An unusual day in Asia. Most of the
:09:58. > :10:02.main markets were shut for another Bank Holiday. A midweek one which is
:10:03. > :10:07.unusual. So we had Australia open. You can see down by nearly 1% and
:10:08. > :10:13.Bombay and also this is Wall Street the night before.
:10:14. > :10:17.Europe, in Asia, lilacs on financial minister kets. You can see they are
:10:18. > :10:20.all down slightly at the moment. It is partly about the earnings we have
:10:21. > :10:24.been getting through. Companies like in London for example, Sainsbury's,
:10:25. > :10:27.the big retailer is down 2% at the moment as are other stocks that have
:10:28. > :10:31.come out with disappointing earnings, but there is a little bit
:10:32. > :10:35.of concern about the UK's exit from Europe, how much it will cost,
:10:36. > :10:40.that's causing sterling to wobble, but also as well, Sunday in France.
:10:41. > :10:42.What will the outcome of that be? Political risk is back on the agenda
:10:43. > :10:43.in Europe. Samira Hussain has the details about
:10:44. > :10:47.what's ahead on Wall Street Today. The Federal Reserve will release
:10:48. > :10:50.a statement at the end of their two day meeting on Wednesday where it
:10:51. > :10:53.will release its decision Most people don't expect a hike this
:10:54. > :10:58.time around as the Fed will be looking at the economic data
:10:59. > :11:02.from the first quarter of this year. In other news, social media giant
:11:03. > :11:05.Facebook will be reporting earnings Facebook's mobile ad sales have been
:11:06. > :11:10.soaring and it has been boosting its overall growth,
:11:11. > :11:13.but in November the company warned that ad growth
:11:14. > :11:18.would likely slow meaningfully. And finally, luxury electric car
:11:19. > :11:21.maker Tesla will report earnings. The company said in April that
:11:22. > :11:23.deliveries jumped 69% from a year ago bouncing back
:11:24. > :11:25.from previous delays. The last month Tesla became a bigger
:11:26. > :11:38.car company than the US giant, Ford. Joining us is Richard Dunbar,
:11:39. > :11:48.Investment Director Let's pick up on that theme that
:11:49. > :11:52.Samira was touching on there, we have the raft of the results and the
:11:53. > :11:57.size of the companies is staggering. We talk about what they do to our
:11:58. > :12:01.day-to-day lives, if you look at the value of them, some hefty numbers.
:12:02. > :12:07.Talk us through that? Well, these success of the past ten years and
:12:08. > :12:10.they have led the US stock market up, Facebook,am zorngs Netflix,
:12:11. > :12:14.Microsoft, these are the ones that have been growing and producing the
:12:15. > :12:17.innovative things that we are all using. They have started to bring in
:12:18. > :12:20.profits on the back of that particularly companies like Netflix
:12:21. > :12:24.and Amazon which do a lot of the same, but a lot of the profit. I
:12:25. > :12:29.remember when it listed on the markets and we asked if it would
:12:30. > :12:33.make money? They have managed to bring in millions of customers and
:12:34. > :12:36.they are starting to monetise the customers and getting advertisers to
:12:37. > :12:40.pay to access those customers. We are starting to see profits coming
:12:41. > :12:44.through and cash coming through and the stock markets are describing
:12:45. > :12:49.huge valuations and huge size. From the point of what's going on in
:12:50. > :12:52.markets in trading of these stocks, people are buying the stocks, these
:12:53. > :12:59.particular companies in anticipation that they will be repatriating their
:13:00. > :13:01.cash, that it is growing overseas in the anticipation that President
:13:02. > :13:06.Trump will give them a tax incentive to do that? There is two sides of
:13:07. > :13:09.it. Fur' buying Apple, you are buying a huge cash pile. The
:13:10. > :13:12.management are charged with using that well and with the results
:13:13. > :13:15.yesterday, they said they would return some of the that cash to
:13:16. > :13:19.shareholders. Donald Trump would like to see a lot of that cash
:13:20. > :13:23.sitting in the United States in a lower tax regime and being invested
:13:24. > :13:28.or used to make acquisitions in the United States. Shareholders own that
:13:29. > :13:32.cash and have a vested interest in making sure the cash is used wisely.
:13:33. > :13:37.Let's get back to Brexit. Theresa May pointing out that she will be a
:13:38. > :13:40.bloody difficult woman as far as the negotiations are concerned. We will
:13:41. > :13:44.talk about the implications of that later. What do the markets make of
:13:45. > :13:47.that? The markets would like her to be wise, far-sighted and intelligent
:13:48. > :13:51.in the negotiations as well as being a bloody difficult woman! Over the
:13:52. > :13:54.last couple of days we have seen the complications of what's going on
:13:55. > :14:00.with Brexit... The personalities involved? Exactly. So I think these
:14:01. > :14:02.are early skirmishes. I hope things continue slightly better than we
:14:03. > :14:07.have seen over the past couple of days, but we will see. One to watch.
:14:08. > :14:09.You will be back to talk us through some more stories later.
:14:10. > :14:13.Still to come, fancy dinner with strangers?
:14:14. > :14:15.How about a home-cooked dinner in a foreign city,
:14:16. > :14:24.We meet the woman behind the app that lets you find
:14:25. > :14:25.somewhere to eat, anywhere in the world,
:14:26. > :14:37.You're with Business Live from BBC News.
:14:38. > :14:44.Have a first, though, let's Lingle The Open linger a little longer on
:14:45. > :14:45.this. Supermarket giant Sainsbury's has
:14:46. > :14:48.just announced a 8.2% fall in profits for the year as it warned
:14:49. > :14:51.of a challenging trading market. Recently prices have been falling
:14:52. > :14:53.amid a fierce price war between supermarkets,
:14:54. > :14:55.but a new report this morning suggests prices are now falling
:14:56. > :14:57.at their slowest rate Rachel Lund is from
:14:58. > :15:12.the British Retail Consortium. Rachel, tell us a little bit more
:15:13. > :15:16.about the trend you are seeing in the future. Our data we released
:15:17. > :15:20.today showed that shop prices are down 0.5% on last year. As you said,
:15:21. > :15:24.the lowest rate of deflation to nearly three years. It is clear the
:15:25. > :15:28.underlying cost pressures are finally feeding through into the
:15:29. > :15:36.shop floor. So prices are going to be going up, that is what you are
:15:37. > :15:40.saying? Yes, but we should put it into perspective, not huge price
:15:41. > :15:44.rises. The retailers are increasing far greater increases in costs that
:15:45. > :15:48.are filtering through to the shop floor. And this is the problem, why
:15:49. > :15:52.Sainsbury's is struggling, because they have to pay more for the goods
:15:53. > :16:00.because of the fall in the value of sterling but they cannot pass it on
:16:01. > :16:04.to the customer fully. That is a problem across the industry.
:16:05. > :16:09.Sterling is down 12 or 13% compared to where it was in June. These are
:16:10. > :16:11.big increases in the cost base combined with the impact of the
:16:12. > :16:15.national living wage, the apprenticeship levy, is this rates
:16:16. > :16:18.for evaluation. All of these things are putting massive pressure on
:16:19. > :16:26.retailers cost space. Thank you, Rachel. Prices are on the rise in
:16:27. > :16:31.the shops in the near future. That is a theme on the Business Live
:16:32. > :16:34.page. We have touched on the fact we are talking about Sainsbury's, but
:16:35. > :16:41.ahead of that we have also had a warning of Wetherspoon 's. It echoes
:16:42. > :16:47.the same theme. Wetherspoon 's, the boss is very pro-Brexit but some of
:16:48. > :16:52.the impact of that is a fall in the value of the pound that has made
:16:53. > :16:56.imports more expensive. The firm runs about 900 pubs in the UK and
:16:57. > :17:04.Ireland but says it is expecting this year to be a little bit better.
:17:05. > :17:17.It has reported a 4% rise in like-for-like sales.
:17:18. > :17:24.This is Business Live, the top story, the world's biggest company
:17:25. > :17:31.by market value, Apple, has reported a mixed set of results. There was a
:17:32. > :17:34.surprise fall in iPhone sales force that we have been discussing that,
:17:35. > :17:36.about customers who are maybe hanging on and not upgrading
:17:37. > :17:39.straightaway. That is having an impact on the bottom line for Apple.
:17:40. > :17:42.A quick look at how markets are faring....
:17:43. > :17:48.In Europe slightly down across the board and the pound wobbling a
:17:49. > :17:52.little. Lots of discussion about how expensive it will be for the UK to
:17:53. > :17:55.leave the European Union in the press today, causing a bit of a
:17:56. > :17:57.headache. We will show you some of those stories later.
:17:58. > :18:00.Now - how do you fancy nipping round to someone's house
:18:01. > :18:03.Something you might do with friends, but what if you've
:18:04. > :18:16.That's the idea of an app that lets you find somewhere to eat -
:18:17. > :18:22.anywhere in the world - cooked by a local.
:18:23. > :18:27.It's just the latest in app to disrupt a traditional market
:18:28. > :18:29.and cash in on the so-called 'sharing economy'.
:18:30. > :18:35.Revenues in the sharing economy are forecast to grow over 20 times
:18:36. > :18:37.times to ?335 billion between 2015 and 2025.
:18:38. > :18:42.One business hoping to benefit from this is Vizeat.
:18:43. > :18:44.The platform allows diners in over 110 countries to connect
:18:45. > :18:47.with locals in order to go to their house to eat.
:18:48. > :18:50.Vizeat currently has over 22,000 hosts and was selected by Apple
:18:51. > :18:58.as one of the top three apps of 2016.
:18:59. > :19:02.She's the co-founder and chief operating officer of VizEat,
:19:03. > :19:04.which lets travelers book food experiences in destinations
:19:05. > :19:16.Good to have you here, Camille. I must admit, I have been looking at
:19:17. > :19:20.your website this morning in research, and I was fascinated by
:19:21. > :19:23.it, looking at all the various posts, the kind of food they cook,
:19:24. > :19:27.what you can expect when you go to their home. So many questions came
:19:28. > :19:33.to mind. To start with, how did you start all of this? You were very
:19:34. > :19:39.young in 2014 when you began this. We started the company in July 20
:19:40. > :19:45.14. I was living and working in China, in Beijing. I was invited by
:19:46. > :19:48.my Chinese friends to share Chinese New Year and other special occasion
:19:49. > :19:52.dinners with their family and it is the first time I have experienced
:19:53. > :19:55.Chinese culture from the inside. I found it was such a shame to travel
:19:56. > :20:01.to a city where millions of people living but you don't actually meet
:20:02. > :20:09.any them. The perfect moment to meet the Miz around a food experience
:20:10. > :20:13.like a dinner or walking class. So let's say IM in Paris and I decide I
:20:14. > :20:19.want an authentic French meal. What happens then? What if I turn up with
:20:20. > :20:22.Sally's kids and we all arrived on the doorstep and that is not quite
:20:23. > :20:27.what they were expecting? Usually what happens, it is like about
:20:28. > :20:32.meeting someone, you talk to them before you get to their house. They
:20:33. > :20:37.have their profile, so you can imagine the moment, you have
:20:38. > :20:41.pictures sent to the host as well to that the place and the type of food
:20:42. > :20:45.and everything. So you know them before getting there. They will ask
:20:46. > :20:48.a question about your children for example. That is all about meeting
:20:49. > :20:53.new people. The relationship starts before the meal. I understand you
:20:54. > :20:56.have all your ducks in a row, because I was grilling you about
:20:57. > :21:03.that horrible scenario where you go to someone's home, and it turns into
:21:04. > :21:07.something very scary after desert. You have Lloyd's of London to cover
:21:08. > :21:13.you from an insurance point of view, and that is to cover any issues for
:21:14. > :21:17.the host or the dinner guests. Exactly, from the very beginning,
:21:18. > :21:20.the security and it was our top priority. The peace of mind of the
:21:21. > :21:26.guest and the host is key for us. Lloyd's of London covers hosts and
:21:27. > :21:31.guests for the periods up to ?1 million. But we have never called
:21:32. > :21:36.it, it has been more than three years now. But the idea is to show
:21:37. > :21:39.we are doing our best to get all of the host. We have one-to-one
:21:40. > :21:46.interviews with each of them, and we have hosts in the country now and we
:21:47. > :21:49.have never had any problem. It would not be a disruptive at it didn't
:21:50. > :21:53.come with some criticism. I know you got up the noses of some French
:21:54. > :21:58.restaurateurs, and the unions went to happy. How can you persuade
:21:59. > :22:05.people that you are not taking away business, you might be adding to it?
:22:06. > :22:09.It is different because you don't do a VizEat experience when you are
:22:10. > :22:14.hungry, you do it as an activity. It is about meeting locals. They don't
:22:15. > :22:27.do it like five times a week. The idea is to keep this occasional. I
:22:28. > :22:31.would imagine it is a very cultural thing? Exactly, and food culture, in
:22:32. > :22:36.Europe it is our key focus on the main cities are Paris, Barcelona and
:22:37. > :22:40.Rome for now. But we have hosts everywhere, we see in very strongly.
:22:41. > :22:43.We work with London and partners as well to promote London as a food
:22:44. > :22:49.destination and we have lots of things to do on that as well.
:22:50. > :22:54.Camille, really nice to you. She is 27! It is very frustrating when we
:22:55. > :22:58.meet someone who are way more successful than us at a much younger
:22:59. > :23:03.age. She doesn't need the bank of mum and dad. I just want to take you
:23:04. > :23:08.through some tweets. Tom says I have a Nigerian, Italian, Yorkshire
:23:09. > :23:18.family so he is offering a roast dinner with some spice. Has the BBC
:23:19. > :23:26.canteen closed, the presenters are desperately begging for invitations.
:23:27. > :23:35.Still loads more in the programme, stay with us but in the meantime
:23:36. > :23:38.this is how to keep in touch. The Business Live pages where you can
:23:39. > :23:41.stay ahead with all of the breaking news. We will keep you up-to-date
:23:42. > :23:45.with all the latest details, with insight and analysis from the BBC's
:23:46. > :23:49.team of editors ride around the world. And we want to hear from you
:23:50. > :23:57.too. Get involved on the BBC Business Live web page. On Twitter,
:23:58. > :24:08.we are at BBC business. You can find us on Facebook. Richard is back. If
:24:09. > :24:13.I came to your home, what would you cook for dinner? My signature dish
:24:14. > :24:19.would be salmon poached in white wine served with salad. That sounds
:24:20. > :24:24.good. Dinner tonight sorted, thank you, Richard. Let's talk about
:24:25. > :24:27.someone who may not be getting many more dinner invitations. Theresa
:24:28. > :24:34.May, all of the stories that have come out this week of the meeting.
:24:35. > :24:38.Now the headlines say that Juncker will find her a bloody difficult
:24:39. > :24:42.woman, not often we can say that word on the telly but it is relevant
:24:43. > :24:48.here. In the Financial Times on their front page, they have a story
:24:49. > :24:54.about the Brexit bill. How do they work that out? Good question. All
:24:55. > :24:58.analysts are looking at assets between zero and 100 billion and
:24:59. > :25:02.liabilities of zero and 100 billion, and the difference between those two
:25:03. > :25:08.is the figure that one comes up with. A fairly wide range, I suspect
:25:09. > :25:13.some tricky negotiations. How does this line about her becoming a
:25:14. > :25:16.difficult woman play out? Does it suggest you will take a hard line
:25:17. > :25:20.and it gets the UK further advanced in these talks, or actually this
:25:21. > :25:23.puts up a wall and these negotiations become much more
:25:24. > :25:27.difficult than maybe they need to be? I suspect it is the latter but
:25:28. > :25:34.I'm not sure anyone really knows. Some of the noise emanating from the
:25:35. > :25:41.dinner at Downing Street, from Brussels, I'm not sure we have an
:25:42. > :25:46.awful lot of clarity. Still as much uncertainty as there was. Thank you
:25:47. > :25:49.could walking us through that and we will keep an eye on how all of those
:25:50. > :25:53.in this years and is progress. Thank you for your company, have a really
:25:54. > :26:10.lovely day, we will be back tomorrow.
:26:11. > :26:12.A very good morning to you. The weather