02/08/2017

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:00:00. > :00:13.This is Business Live from BBC News with Sally Bundock and Ben Thompson.

:00:14. > :00:22.Still hungry for more apple. The tech giant expects big things for

:00:23. > :00:24.the next I pone as it publishes its latest results.

:00:25. > :00:26.Live from London, that's our top story

:00:27. > :00:48.Growing demand for iPads and its other services helped deliver

:00:49. > :00:51.an $11.3 billion profit and send Apple's shares to a new record high.

:00:52. > :00:56.is President Trump about to take action against trade practices

:00:57. > :01:04.Markets in Europe are mixed right now despite a record close the night

:01:05. > :01:11.before on Wall Street and a strong session in Asia.

:01:12. > :01:16.If you're going on holiday, what do you do with these things, your pets?

:01:17. > :01:21.Would you let someone stay in home for free if they agree to look after

:01:22. > :01:31.your pets for you? We will speak to the man who is trying to make a

:01:32. > :01:34.business from that very idea! We want to know how far would you

:01:35. > :01:36.relocate for work? Let us know - just use

:01:37. > :01:54.the hashtag BBCBizLive. Yes, do send in your thoughts and

:01:55. > :01:59.your questions about the stories we're covering. Including staying in

:02:00. > :02:01.people's homes looking after their pets.

:02:02. > :02:08.In a decade Apple has sold more than 1.2 billion iPhones and it

:02:09. > :02:11.seems like the world's most valuable company.

:02:12. > :02:13.It doesn't see any end to our enthusaism for one

:02:14. > :02:15.of the 21st century's most revolutionary products.

:02:16. > :02:18.It appeared to dismiss fears of a delay to the expected September

:02:19. > :02:21.release of its latest model as it told us it made $45.1 billion

:02:22. > :02:29.of sales in the three months from April to June.

:02:30. > :02:36.So its shares have hit a record high in after-hours trading.

:02:37. > :02:39.Apple made a pre-tax profit of $11.3 billion in those three

:02:40. > :02:42.months from April to the end of June, helped by strong

:02:43. > :02:54.This year the iPhone is ten years old, but it's not been

:02:55. > :02:56.performing so well in China, where sales this quarter were flat

:02:57. > :02:59.and total Chinese revenue for the company actually fell by 10%

:03:00. > :03:08.compared to the same quarter last year.

:03:09. > :03:13.Apple trails its arch rival Samsung for smartphone market share right

:03:14. > :03:15.across the globe which some analysts say is a problem

:03:16. > :03:20.for a company so reliant on handsets for its profits.

:03:21. > :03:23.But one way Apple has tried to decrease its reliance on iPhone

:03:24. > :03:25.sales is its growing range of services.

:03:26. > :03:28.Those grew by 22% year on year in Q3, with the company raking

:03:29. > :03:30.in $7.3 billion from things like its app store and

:03:31. > :03:44.Bryan Glick, editor in chief at Computer Weekly is with me.

:03:45. > :03:50.I'm interested in your thoughts first of all on the figures and

:03:51. > :03:55.where the growth is coming from. Because it's a familiar tale, isn't

:03:56. > :04:04.it? Some bits are doing well and some bits aren't, but the stand-out

:04:05. > :04:08.services, and iPads? The iPad. This is the revolutionary product that

:04:09. > :04:12.made Apple what it is today, but at the moment people aren't renewing

:04:13. > :04:15.their phones as often. The pace of innovation in the hardware has

:04:16. > :04:18.slowed down. People are hanging on to their phones for longer so they

:04:19. > :04:22.are buying fewer and in Apple's particular case there will be some

:04:23. > :04:28.new iPhones coming later this year so people are waiting to buy. They

:04:29. > :04:33.referenced that in the figures that people might be waiting off waiting

:04:34. > :04:37.for the new iPhone, they are thinking long-term it is good news?

:04:38. > :04:42.Yeah, of course. Every time there is a new iPhone, there is a big peak in

:04:43. > :04:48.sales as die hard iPhone fans wait to upgrade to whatever the new

:04:49. > :04:51.device is. If there was a firm that changes behaviour, it's Apple. It

:04:52. > :04:57.gets us to do things we never expected to be doing. Apple Pay, so

:04:58. > :05:01.their mobile payment service accounting for nearly 90% of mobile

:05:02. > :05:04.payment transactions. That's a huge slice of that market and one that

:05:05. > :05:09.they have sort of created themselves? Because there is this

:05:10. > :05:13.slowdown in the smartphone sales themselves, Apple wants to make,

:05:14. > :05:17.wants to keep us tied into its devices, but it wants people to use

:05:18. > :05:21.the devices for new things. So, you know, if Apple can't make as much

:05:22. > :05:26.money as quickly from selling the devices themselves, it wants to make

:05:27. > :05:30.as much money from what people are doing on their devices. Apple Pay

:05:31. > :05:33.put them into the lead with that, being able to use it for payments,

:05:34. > :05:37.here in London where we are, you are used to seeing people using public

:05:38. > :05:44.transport by tapping their iment phone on to, as they get on to a bus

:05:45. > :05:50.or an underground. That area of innovation and the branding Apple

:05:51. > :05:58.has around that has given them a big lead in services over some of the

:05:59. > :06:01.other smart based phones. 1.2 billion iPhones sold. So we look at

:06:02. > :06:07.the numbers and it seems like it's up and up and China is a problem. A,

:06:08. > :06:10.they have got a lot of tough competition and the regulatory

:06:11. > :06:15.environment is tough too? The competition there is the big thing.

:06:16. > :06:19.Apple is a premium product. They charge a lot of money for it. There

:06:20. > :06:28.are a lot of much lower cost competitors in China based on the

:06:29. > :06:33.android operating system, not just Samsung, but local Chinese providers

:06:34. > :06:39.who are proving to be extremely popular and I guess there is a lot

:06:40. > :06:45.of loyalty from Chinese customers to Chinese providers as well. So Apple

:06:46. > :06:48.has got a challenge there to try and make the most of that premium

:06:49. > :06:52.positioning that works very well for it in the rest of the world. Yeah,

:06:53. > :06:53.it's a fascinating story and one we talk about a lot, but with good

:06:54. > :06:58.reason, I think. Bryan, thank you. Let's take a look at some of

:06:59. > :07:01.the other stories making the news: Profits are up at

:07:02. > :07:03.Germany's Lufthansa - it's the world's tenth biggest

:07:04. > :07:07.airline by passenger numbers. The company, which owns

:07:08. > :07:09.several other airlines, made almost $876 million

:07:10. > :07:11.in the three months to June which is 70% more than in

:07:12. > :07:15.the same period last year. The carrier said it had got more

:07:16. > :07:17.passenger on to its planes and its cargo business

:07:18. > :07:22.performed much better. Just days after Apple yanked

:07:23. > :07:28.anti-censorship tools off its app store in China,

:07:29. > :07:31.another major American technology Amazon's service in China has

:07:32. > :07:37.told its customers to stop using unauthorized virtual private

:07:38. > :07:39.networks which are used to circumvent China's

:07:40. > :07:41.censorship filters. The move appears to be part

:07:42. > :07:53.of a wider government clampdown. It pays to dig - the mining giant

:07:54. > :07:56.Rio Tinto has reported a 93% The Anglo-Australian miner

:07:57. > :07:59.raked in $3.3 billion in the six months to June,

:08:00. > :08:02.helped by higher commodity prices, but heavy rainfall in Australia hit

:08:03. > :08:12.production of iron ore and coal. The United States is reported to be

:08:13. > :08:15.considering taking action aginst what it considers to be China's

:08:16. > :08:20.unfair trade practices. Yes, President Trump

:08:21. > :08:29.is said to be close to starting an investigation

:08:30. > :08:39.that could lead to tariffs What's this about? American business

:08:40. > :08:42.and now the Trump administration believe that there isn't a level

:08:43. > :08:46.playing field when it comes to trade between China and the United States.

:08:47. > :08:50.They are particularly concerned about what they think is Chinese

:08:51. > :08:55.firms stealing on some occasions intellectual property from American

:08:56. > :08:58.companies. There has been a dispute between the US and China about the

:08:59. > :09:03.idea of fair trade between the two countries, but now President Trump

:09:04. > :09:07.has linked trade and any deal there with diplomacy and action over North

:09:08. > :09:10.Korea and the crucial part to the rumours that we are hearing out of

:09:11. > :09:13.Washington that some kind of investigation maybe ordered by the

:09:14. > :09:16.president and possibly in a few months there maybe action and some

:09:17. > :09:20.kind of trade war really between the two, or certainly the beginnings of

:09:21. > :09:24.that, I think, crucial to that is the failure we have seen in the last

:09:25. > :09:28.few days of the US Administration to try and force the Chinese to

:09:29. > :09:32.persuade North Korea to give up its nuclear ambition. This is about

:09:33. > :09:34.trade and diplomacy and we are seeing a change in attitude from the

:09:35. > :09:41.Trump administration. Robin, thank you very much.

:09:42. > :09:44.Something to keep a close eye on. The record night before on Wall

:09:45. > :09:48.Street. We will hear more about that in a moment. That's how the Dow

:09:49. > :09:52.ended. It's not far off 22,000 as you can see. In Asia, the story that

:09:53. > :09:57.pushed the markets higher was Apple's results. Many tech companies

:09:58. > :10:02.listed on markets in Asia. Companies based in Asia supply Apple. Make the

:10:03. > :10:13.bits that goes in the iPhones. Let's move on to Europe. We've

:10:14. > :10:17.mentioned the earnings stories. Will you have stories. Rio Tinto

:10:18. > :10:20.continuing to push up the footsie 100. A mixed picture in Europe.

:10:21. > :10:22.And Samira Hussain has the details about what's ahead

:10:23. > :10:29.Electric car-maker Tesla will be reporting earnings on Wednesday.

:10:30. > :10:32.It has been selling more of its model S and model X luxury

:10:33. > :10:34.electric vehicles and that will likely boost

:10:35. > :10:37.The trouble, of course, is that the company will continue

:10:38. > :10:40.to post losses as production efforts for its mass market

:10:41. > :10:48.Now the model 3 is Tesla's lowest priced electric car.

:10:49. > :10:52.Investors will be looking for details about the car deliveries

:10:53. > :10:55.for the second-half of the year as well as any changes

:10:56. > :11:05.Also reporting earnings Time Warner, the success of the film Wonder Woman

:11:06. > :11:07.will help boost revenue for the quarter, but investors

:11:08. > :11:13.will be looking for details on AT's purchase of Time Warner.

:11:14. > :11:16.Sap samira there with the details about Wall Street.

:11:17. > :11:18.Joining us is Alex Dryden, global market strategist,

:11:19. > :11:29.Welcome to Business Live. A new face on the programme. So let's stay in

:11:30. > :11:33.America because yesterday, as Sally mentioned, the Dow did particularly

:11:34. > :11:37.well and it was banking stocks that rose pretty sharply. Why? Well,

:11:38. > :11:42.there is a couple of factors driving it. Good global growth has been

:11:43. > :11:46.helpful for banks in the US and outside of the US, but also

:11:47. > :11:51.deregulation and the talk of potentially rolling back some of the

:11:52. > :11:54.regulation that was implemented after the financial crisis which has

:11:55. > :11:58.eaten into some of the profits for the banks, the potential for that.

:11:59. > :12:01.We are still talking about talk. We are not seeing much action when it

:12:02. > :12:06.comes to financial regulation, but also other elements in the US

:12:07. > :12:12.economy? Yes, there was a lot of hype at the end of 2016 about the

:12:13. > :12:15.potential of fiscal stimulus. However, there has been quite a lot

:12:16. > :12:19.of gridlock in Washington which has held back some of that potential and

:12:20. > :12:25.maybe delayed it until 2018. We believe it will still come through,

:12:26. > :12:29.but maybe not on the scale that people originally anticipated. The

:12:30. > :12:32.weakness of the dollar and how that to an extent is actualing the

:12:33. > :12:35.appetite for share markets because people are getting a return there.

:12:36. > :12:40.What do you think will be the trigger for it to go the other way?

:12:41. > :12:45.We're headed up and up and up, but it can't go on forever as we know

:12:46. > :12:48.only too well? What we are looking at globally is the acceleration in

:12:49. > :12:54.growth which has been going on for six to nine months. If we saw some

:12:55. > :12:57.faltering in that, maybe we would start to see equity markets sell

:12:58. > :13:00.off, but right now, we are looking at a good earnings season. US

:13:01. > :13:04.earnings has been quite strong in the second quarter and that's

:13:05. > :13:08.providing a nice support for US and global equity markets. A word on

:13:09. > :13:11.tomorrow, the Bank of England, all eyes on that, what are we expecting?

:13:12. > :13:15.There has been a lot of increasing anticipation of a rate hike from the

:13:16. > :13:18.Bank of England. We believe that actually, without much sign of wage

:13:19. > :13:22.growth coming through, that actually the Bank of England will stay on

:13:23. > :13:27.pause this year. The markets are slowly waking up to that, but it

:13:28. > :13:30.won't be until we get some clarity from tomorrow's meeting that the

:13:31. > :13:34.Bank of England unlikely to raise rates this year in our view. We will

:13:35. > :13:36.keep a close eye on that and you will be back to talk us through the

:13:37. > :13:48.paper stories. Alex, thank you. Would you let someone stay in your

:13:49. > :13:57.home for free if they agreed it look after your pets? Stay with us,

:13:58. > :14:01.you're with Business Live from BBC News.

:14:02. > :14:06.Prices in the shops continued to fall last month,

:14:07. > :14:13.Food prices are going up, but they're going up less quickly.

:14:14. > :14:16.The price of non-food items continues to fall.

:14:17. > :14:18.Rachel Lund is head of retail insight and analytics

:14:19. > :14:27.Good morning to you. A really different picture opens up, doesn't

:14:28. > :14:32.it, we're used to the idea of prices starting to creep up. We're told

:14:33. > :14:36.that inflation overall is on the way up, but there is a different picture

:14:37. > :14:40.in the figures? Yes. That's right. What we have seen is since the

:14:41. > :14:44.beginning of the year prices have crept up, but they have just come to

:14:45. > :14:48.a halt this month because there was a number of dynamics in the market

:14:49. > :14:52.playing out at the moment. So, talk us through the dynamics and what's

:14:53. > :14:56.going to happen in the future? Because, of course, as we have said,

:14:57. > :14:59.we're traying to get used to prices in food going up, partly because of

:15:00. > :15:03.the browned and the Brexit scenario, but what is going to happen in the

:15:04. > :15:08.months to come? Well, so you've got the impact of the currency

:15:09. > :15:13.depression which has fed through into prices, but, into food prices,

:15:14. > :15:16.but at the same time, you have got a highly competitive market in retail

:15:17. > :15:20.as well which is keeping prices lower in some areas and particularly

:15:21. > :15:25.on entry level products for retailers which is why we're seeing

:15:26. > :15:29.particularly non food prices, those prices creep up slowly. Because

:15:30. > :15:37.there was some big drops at the end of last year, year-on-year, there is

:15:38. > :15:41.a lot of ground to make up. So what, how are retailers reacting. Asda, a

:15:42. > :15:44.decline in sales. Some of them are really suffering, aren't they? Yes,

:15:45. > :15:49.it is a challenging market and for retailers. A lot are having to think

:15:50. > :15:52.hard about how they do things. As ever, there are some winners and

:15:53. > :15:57.losers and what they are having to do is really innovate to capture a

:15:58. > :16:01.smaller and smaller consumer budget. OK, for now, thank you for your

:16:02. > :16:06.time. A look at the situation in the retail market in the UK.

:16:07. > :16:13.A quick look at the Business Live page. The details as they come into

:16:14. > :16:18.us are there. We told you about Trinity Mirror's results yesterday.

:16:19. > :16:23.It is Johnson Press today. Owning a lot of regional papers in the UK.

:16:24. > :16:27.Trading conditions, it says for regional newspapers in the UK remain

:16:28. > :16:34.difficult, it is that crucial issue of advertising, much of that now

:16:35. > :16:36.moved online. Away from traditional print publications and that's

:16:37. > :16:43.hitting the bottom line for groups like that.

:16:44. > :16:46.You're watching Business Live - our top story:

:16:47. > :16:57.Once again Apple astounds. It made more than $11 billion in pre-tax

:16:58. > :17:00.profits in April, May and June. I would like to be able to boast of

:17:01. > :17:05.that. And it is interesting where that growth is coming from. Still

:17:06. > :17:12.iPhones, iPads, but it is the services, things like Apple Pay,

:17:13. > :17:21.that are doing really well. Let's look at the financial markets...

:17:22. > :17:25.Europe seeing a bit of a mixed picture. The tech stock is doing

:17:26. > :17:27.well, so anyone linked to Apple in any way is seeing their shares go

:17:28. > :17:28.up. What we have spoken about, the big

:17:29. > :17:36.disruption to traditional players. Would you let a total stranger stay

:17:37. > :17:39.in your home for free - if they looked after your beloved

:17:40. > :17:49.cat or dog? The website TrustedHousesitters says

:17:50. > :18:00.it has nearly half a million They pay an annual membership

:18:01. > :18:03.fee, and in exchange a person can stay free

:18:04. > :18:06.in people's homes as long as they look after the pets -

:18:07. > :18:09.which can mean everything from cats Who wrote this?

:18:10. > :18:11.LAUGHTER But house sitting is

:18:12. > :18:13.a competitive industry, with many global firms including

:18:14. > :18:19.Nomador and Mind my House also There are also a lot of local people

:18:20. > :18:20.who advertise. They don't have websites but are all over the local

:18:21. > :18:21.media. Joining us now is Andy Peck,

:18:22. > :18:30.chief executive and founder Good morning. Can we clear this up

:18:31. > :18:33.once and for all? Does anyone have a giraffe? I'm not entirely sure

:18:34. > :18:38.people have looked after giraffes, but the great thing is people can

:18:39. > :18:42.find the right people... They are out there! That lady with a farm in

:18:43. > :18:47.Botswana just waiting to sign up to Andy's service. How did it start? We

:18:48. > :18:52.launched about seven years ago. We realised the need for a proper

:18:53. > :18:55.solution to a common problem, in some time when a lot of people are

:18:56. > :18:58.looking to go away on holiday and one of the biggest problems people

:18:59. > :19:03.face is who will look after their home and their pets, we provide that

:19:04. > :19:06.solution. A lot of people put pets into kennels, a lot of cost outlay

:19:07. > :19:15.before you go away, and people don't have that peace of mind, or they

:19:16. > :19:18.rely on friends and family, or are they pay a sitter, and why do that

:19:19. > :19:22.when they can have someone who welcome to do it for free because

:19:23. > :19:28.they love animals. Have to confess our dog sitting scenario when we

:19:29. > :19:31.were going to go away, two days ago. I managed to fill the gap and did

:19:32. > :19:36.not turn to your website, but when I thought about it, I thought, gosh, I

:19:37. > :19:39.don't know if I would want a total stranger turning up to my home, a

:19:40. > :19:45.stranger to my dog, they wouldn't know how to put the lead on, were to

:19:46. > :19:49.walk the dog, there are so many things to tell that person, they

:19:50. > :19:53.must be some sort of handover period, I assure, or do they arrived

:19:54. > :19:59.early? How does it work? Yes, great question. Many people have those

:20:00. > :20:02.concerns of course because their homes and pets are the most trusted

:20:03. > :20:09.positions, so we have taken a lot of time ensuring that we provide the

:20:10. > :20:14.best value proposition, so the pet can stay at home, people can find

:20:15. > :20:18.online reviews about people coming to pet sit, we use industry-leading

:20:19. > :20:21.trust and verification methods to ensure you can choose your ideal

:20:22. > :20:25.person to come and look after your pets. Reputation is really

:20:26. > :20:32.everything, so for example if you look at our online reviews, we have

:20:33. > :20:36.more 5-star reviews than any pet company globally. If I went to New

:20:37. > :20:42.York, and I don't have a pet, but pretend I do, so I went to New York

:20:43. > :20:46.to look after someone's pet, the chances are I would want to do some

:20:47. > :20:50.sightseeing, not just stay at home and looking at the pet. How much

:20:51. > :20:54.time do people have to commit to walking the dog or whatever and not

:20:55. > :21:01.just have a great time being on holiday? This goes back to Sally 's

:21:02. > :21:04.point, depending on the needs of person have. Some people might need

:21:05. > :21:13.a dog to be what three or four Mike Pence today, but if they might --

:21:14. > :21:19.three or four times per day, but they might have a cat that needs

:21:20. > :21:23.looking after. We were pet sitting in New York in a beautiful

:21:24. > :21:26.penthouse, fifth Ave, walking the dog every day, able to enjoy the

:21:27. > :21:30.local environment like any pet owner would, but making sure the pet is

:21:31. > :21:34.looked after. And away you make money, both sides put money in the

:21:35. > :21:38.pot once a year? So those who look after pets and those who want people

:21:39. > :21:42.to come to their home, they pay a fee, about ?90? But how does that

:21:43. > :21:53.cover all your costs, insurance cover for things wrong in the house,

:21:54. > :21:56.the pet dying, all these problems that could occur? We operate I think

:21:57. > :21:58.a very efficient business in terms of the fact we are able to reinvest

:21:59. > :22:01.everything we do into creating the business, so we are doubling in size

:22:02. > :22:09.each year. Huge market, because 60% of Western world own a pet and it

:22:10. > :22:13.helps save in pet care travel costs. We have members in 150 countries,

:22:14. > :22:16.and that is why we are growing at quite a pace, because travel

:22:17. > :22:22.companies are realising there's not a great solution at the moment, so

:22:23. > :22:26.one in four pet owners for example at the moment don't travel, period.

:22:27. > :22:30.So we can bridge that gap to help more people travel more often and

:22:31. > :22:34.more affordably. Andy, nice to see you. Thanks for explaining all of

:22:35. > :22:40.that. An interesting business, and also how it all came about. Andy

:22:41. > :22:43.Peck there, the founder of TrustedHousesitters. Send in your

:22:44. > :22:45.thoughts because I am sure you have views on that. Yes, and a lot of

:22:46. > :22:48.tweets about reallocating for work. Germany's car manufacturers

:22:49. > :22:50.could agree a plan to slash diesel It's now two years since some

:22:51. > :22:54.of the country's biggest manufacturers were found guilty

:22:55. > :23:03.of cheating emissions tests. Let's go live to Berlin and speak to

:23:04. > :23:07.our correspondent Jenny Hill. Tell us more about this big gathering

:23:08. > :23:11.today. Yes, it is worth noting first of all that air pollution in many

:23:12. > :23:15.German cities now regularly exceeds the legal limit and that is what is

:23:16. > :23:20.really concerning politicians, and they remained it is an election

:23:21. > :23:24.year. It is being blamed the combustion engine. The city of

:23:25. > :23:28.Stuttgart is looking at banning diesel cars outright from the city

:23:29. > :23:32.and other cities may follow suit. Of course a huge headache for Germany's

:23:33. > :23:37.all-powerful automotive industry. The idea of today's summit is not

:23:38. > :23:41.just trying to restore the rather tarnished reputation of Germany's

:23:42. > :23:47.car manufacturers, but is also looking at how to reduce that

:23:48. > :23:49.pollution. Expect some compromise. Manufacturers may for example

:23:50. > :23:53.retrofit 2 million or so of the older diesel cars on Germany's

:23:54. > :24:01.Broads, but don't expect Germany to go as far as Britain and France and

:24:02. > :24:04.commit to ending production of combustion engine cars altogether --

:24:05. > :24:07.the older diesel cars on Germany's roads. Jenny, thank you very much

:24:08. > :24:10.indeed. A big issue for many major cities in the world actually, and I

:24:11. > :24:16.am sure many will be watching about what goes on in Berlin. Thank you.

:24:17. > :24:21.Yes, Alex Dryden is back to speak to us but what is happening in the

:24:22. > :24:25.papers. This story about relocating. They are struggling to get their

:24:26. > :24:29.staff to go with them, the US agency. The story is that 75% of

:24:30. > :24:33.staff will not know. That will be a challenge for a lot of firms? Yes,

:24:34. > :24:37.and at the moment we don't have a lot of details about how much access

:24:38. > :24:41.companies will have to the European Union, so so those questions over

:24:42. > :24:44.that. And there will be a number of firms going through this challenge.

:24:45. > :24:50.It is very difficult to lift your workforce and just put them into

:24:51. > :24:53.another place. They have families, kids at school, whatever it might

:24:54. > :24:59.be. It will be more of a challenge. It is easier said than done. Ritual

:25:00. > :25:02.has treated to say exactly that, disruption many times, with the

:25:03. > :25:14.children, isolation from friendships -- Rachel has tweeted. This one

:25:15. > :25:18.about relocating to Glasgow, like another planet. I relocated to

:25:19. > :25:21.Bristol, wonderful. David says I worked in 15 different countries and

:25:22. > :25:26.it was no problem for me. In fact I really enjoyed it. So it just

:25:27. > :25:34.depends on the individual, doesn't it? Yes, and someone three months

:25:35. > :25:37.ago, I relocated from London to New York and that was fantastic,

:25:38. > :25:42.something I wanted to do. Having it forced upon you is a difficult

:25:43. > :25:48.change. A big debate for many firms at the moment. Alex, really good to

:25:49. > :25:52.see you. -- I relocated from New York to London. That is it from the

:25:53. > :25:55.show today. We will be back at the same time and simplest tomorrow. I

:25:56. > :26:12.will be here tomorrow. See you tomorrow. Goodbye.

:26:13. > :26:20.Good morning. Changeable weather over the coming days and your

:26:21. > :26:21.umbrella will certainly come in handy. Where it is drier, the