0:00:08 > 0:00:10This is Business Live from BBC News with Ben Thompson
0:00:10 > 0:00:11and Samantha Simmonds.
0:00:11 > 0:00:14London City Airport has been closed after a World War Two bomb
0:00:14 > 0:00:16has been found nearby in the River Thames.
0:00:16 > 0:00:18Live from London, that's our top story
0:00:18 > 0:00:28on Monday 12th February
0:00:35 > 0:00:37Not cleared for takeoff - thousands of passengers will be
0:00:37 > 0:00:39affected as all flights are cancelled at
0:00:39 > 0:00:44London's City Airport.
0:00:44 > 0:00:47We will have the details that you need to know.
0:00:47 > 0:00:48Also in the programme:
0:00:48 > 0:00:50Barclays Bank is charged by Britain's Serious Fraud Office
0:00:50 > 0:00:56over a loan to the state of Qatar in 2008.
0:00:56 > 0:01:00And it is a new week on the market and this is how the numbers look...
0:01:00 > 0:01:03Investors keeping a very close eye on inflation and we will explain
0:01:03 > 0:01:04why.
0:01:04 > 0:01:07And we'll be getting the inside track on the man who's
0:01:07 > 0:01:11business is a bit of a mouthful - with the boss of of a mouthguard
0:01:11 > 0:01:12firm that supplies the England Rugby team.
0:01:12 > 0:01:14And remember you can get in touch with us,
0:01:14 > 0:01:17about any of the stories we're covering this morning.
0:01:17 > 0:01:18Just use the hashtag #BBCBizLive.
0:01:24 > 0:01:30Hello and welcome to Business Live.
0:01:30 > 0:01:35It is a busy show, so let's get started with news that...
0:01:35 > 0:01:37London City Airport has been closed
0:01:37 > 0:01:38after a World War Two bomb
0:01:38 > 0:01:40was found nearby in the River Thames.
0:01:40 > 0:01:42The Royal Navy are removing the device.
0:01:42 > 0:01:44The airport will be shut all day and all flights
0:01:44 > 0:01:46have been cancelled, affecting up to 16,000 passengers.
0:01:46 > 0:01:48Last year, more than 4.5 million people used London City Airport,
0:01:48 > 0:01:57which is close to London's financial district.
0:01:57 > 0:02:02Our News Correspondent Andy Moore joins me now.
0:02:02 > 0:02:10Welcome. This is the closest airport to the City of London. 16,000 people
0:02:10 > 0:02:16use it everyday. Tell us about how many will be affected.16,000 people
0:02:16 > 0:02:22will be affected today. Something like 200 flights. The airport is
0:02:22 > 0:02:25used a lot by the business community. A lot of people would
0:02:25 > 0:02:32have been flying to go to work at Canary Wharf or in the city. This
0:02:32 > 0:02:38World War II bomb was found early yesterday morning. The work at the
0:02:38 > 0:02:40airport continued as usual. The airport closed last night. The
0:02:40 > 0:02:46decision was taken to get rid of the device. An exclusion zone was
0:02:46 > 0:02:51declared, about 200 metres or more. Roads were closed, some homes were
0:02:51 > 0:02:55evacuated. The operation to get rid of the bomb has been ongoing
0:02:55 > 0:02:59overnight. Question is, how long will it take? For the rest of the
0:02:59 > 0:03:05day, all flights in and out cancelled. Some airlines are making
0:03:05 > 0:03:09alternative arrangements. City Jet, for example, which flies between
0:03:09 > 0:03:13Dublin and London City Airport, they are diverging quite a lot of their
0:03:13 > 0:03:17flights to London Southend Airport. If you were due to fly, contact your
0:03:17 > 0:03:21airline, see if there are any alternatives.The bomb was
0:03:21 > 0:03:24discovered the early hours of yesterday morning. The airport was
0:03:24 > 0:03:27closed until last night. Any questions being asked about whether
0:03:27 > 0:03:33that was a wise move, given it has been closed all day today?While it
0:03:33 > 0:03:38was left alone it was OK. When the operation started to try to remove
0:03:38 > 0:03:43it that is when it becomes dangerous and that was when the decision was
0:03:43 > 0:03:48taken to setup this exclusion zone. It was actually found during routine
0:03:48 > 0:03:52work to expand the airport. They are developing the airport. It was
0:03:52 > 0:03:56found, we understand, by people working on the construction site
0:03:56 > 0:04:00yesterday morning. But it is only when you tried to remove it that it
0:04:00 > 0:04:03becomes potentially dangerous.As you say, hopefully it will be sorted
0:04:03 > 0:04:08in the next few hours, but all of people affected are advised to
0:04:08 > 0:04:13contact their airline. Thank you very much, Andy.
0:04:13 > 0:04:19That you to date with another story that has broken this morning. --
0:04:19 > 0:04:21let's bring you up to date with.
0:04:21 > 0:04:23The UK's Serious Fraud Office has charged Barclays Bank PLC
0:04:23 > 0:04:25with "unlawful financial assistance" related to billions of pounds raised
0:04:25 > 0:04:28from Qatari investors in 2008.
0:04:28 > 0:04:32We will get more on that with our correspondent Andrew Walker little
0:04:32 > 0:04:33later.
0:04:33 > 0:04:35Let's take a look at some of the other
0:04:35 > 0:04:36stories making the news.
0:04:36 > 0:04:39Up to $5.5 billion of criminal money in Europe is being laundered
0:04:39 > 0:04:40through cryptocurrencies, according to Europol.
0:04:40 > 0:04:43The agency's director has told the BBC that regulators and industry
0:04:43 > 0:04:45leaders need to work together to tackle the problem.
0:04:45 > 0:04:49The warning comes after Bitcoin's value halved in recent months
0:04:49 > 0:04:51A landmark inquiry into wrongdoing among
0:04:51 > 0:04:52Australia's banks and financial services has begun.
0:04:52 > 0:04:55Australia's banks, which are among the most profitable in the world,
0:04:55 > 0:04:57have been accused of customer exploitation and corporate fraud
0:04:57 > 0:05:03among other scandals.
0:05:03 > 0:05:05The state of New York has filed a lawsuit
0:05:05 > 0:05:07against Harvey Weinstein, his brother and their production
0:05:07 > 0:05:09company alleging the company's executives and board failed
0:05:09 > 0:05:10to protect employees from Mr Weinstein.
0:05:10 > 0:05:13The lawsuit comes four months after the Hollywood mogul's career
0:05:13 > 0:05:14ended in disgrace over allegations of sexual misconduct
0:05:14 > 0:05:24from more than 100 women.
0:05:31 > 0:05:33The UK's Serious Fraud Office has charged Barclays Bank PLC
0:05:33 > 0:05:35with "unlawful financial assistance" related to billions of pounds raised
0:05:35 > 0:05:37from Qatari investors in 2008.
0:05:37 > 0:05:41We will get more on that with our correspondent
0:05:41 > 0:05:48Andrew Walker joins us now.
0:05:48 > 0:05:52Give us the background on this. Let's get back to the financial
0:05:52 > 0:05:58crisis. It was 2008. British banks were under serious pressure in the
0:05:58 > 0:06:02financial markets. Lloyds and RBS both needed bailouts, injections of
0:06:02 > 0:06:08Government funds. Barclays was predictably, you might say, keen to
0:06:08 > 0:06:13avoid that. They managed to find some money from private investors,
0:06:13 > 0:06:17particularly in the Middle East, associated with the state of Qatar,
0:06:17 > 0:06:20to put money in so that they were able to get through the whole
0:06:20 > 0:06:26episode without a Government bailout. What has been alleged is
0:06:26 > 0:06:34that a loan made at the same time, by Barclays, to the state of Qatar,
0:06:34 > 0:06:38a bit over £2 billion, was used directly, or indirectly, to buy
0:06:38 > 0:06:43those shares in Barclays. That constitutes something in the
0:06:43 > 0:06:46company's legislation which is called unlawful financial
0:06:46 > 0:06:51assistance. In the great majority of cases, it is prohibited, basically.
0:06:51 > 0:06:54There are conjugated circumstances in which you can do this kind of
0:06:54 > 0:06:58thing, but the general principle is you may not lend money to an
0:06:58 > 0:07:02investor to buy your own shares. And that is what Barclays Bank is being
0:07:02 > 0:07:07accused of. The wider holding group has already been charged.Would you
0:07:07 > 0:07:14explain the significance? Some may remember that Barclays was charged
0:07:14 > 0:07:17in June of last year. That was the holding company. This time it is the
0:07:17 > 0:07:23bank itself.That's right. The holding company was charged last
0:07:23 > 0:07:28summer. Along with four executives. Including Sir John Vardy, the former
0:07:28 > 0:07:33chief executive. There are a number of charges that were made on that
0:07:33 > 0:07:38occasion, particularly in relation to the holding company, the specific
0:07:38 > 0:07:42charge of unlawful financial assistance is the one that is being
0:07:42 > 0:07:51put in addition against Barclays Bank, the actual banking operation.
0:07:51 > 0:07:55There is the possibility of very large fines. Barclays has been
0:07:55 > 0:08:01trying to defend itself.Thanks very much.
0:08:01 > 0:08:03Alibaba's entertainment arm has signed a deal with Walt Disney
0:08:03 > 0:08:06to show thousands of its animations on its China streaming service.
0:08:06 > 0:08:08The deal comes after Disney shut down its own
0:08:08 > 0:08:09streaming service in 2016.
0:08:09 > 0:08:19Monica Miller is in Singapore with more on this.
0:08:19 > 0:08:28Monica?The Chinese are about to get their fill of Winnie the Pooh and
0:08:28 > 0:08:39Elsa from Frozen. This is a big deal with Disney. Alibaba Did not say how
0:08:39 > 0:08:45much this would be. But it would be streamed on its entertainment arm.
0:08:45 > 0:08:49It will release more than 1000 Disney episodes. This deal comes
0:08:49 > 0:08:54after Disney has been trying to get into the mainland. They had a
0:08:54 > 0:09:01venture which opened in 2016. It was the company's Disney life online
0:09:01 > 0:09:06content deal. But it only lasted about five months. After the
0:09:06 > 0:09:09operation got up and running. It is unclear why authorities pulled the
0:09:09 > 0:09:13plug on this. They are hoping that this time they have better luck.
0:09:13 > 0:09:18Just to give you an idea of just how large the audience is, it has a
0:09:18 > 0:09:24bigger following than Netflix, which as of 2017 had 70 million members.
0:09:24 > 0:09:33The Chinese video streaming platform had 580 million devices. Alibaba It
0:09:33 > 0:09:39already has a similar lysine deal with Warner Brothers, Paramount,
0:09:39 > 0:09:45Fox, NBC Universal, and Sony Pictures.Amazing when you see the
0:09:45 > 0:09:51scale of the operation.
0:09:51 > 0:09:53In Asia, markets getting back on an even footing
0:09:53 > 0:09:55after the volatility of last week.
0:09:55 > 0:10:04South Korea and China gained 1.2%.
0:10:04 > 0:10:08The concern is what it means for inflation. Inflation is a real issue
0:10:08 > 0:10:09for the markets.
0:10:09 > 0:10:10In Europe, trade started like this,
0:10:10 > 0:10:12but it's commodities, particularly oil, that are seeing
0:10:12 > 0:10:15the strongest gains right now, and with more weakness for sterling,
0:10:15 > 0:10:20that could help prop up the FTSE.
0:10:20 > 0:10:25We could soon see oil back above $60 per barrel.
0:10:25 > 0:10:27That would keep investors busy right now.
0:10:27 > 0:10:29It's also a pretty quiet week on the economics front,
0:10:29 > 0:10:31apart from inflation figures on Tuesday.
0:10:31 > 0:10:33Brexit will dominate too - Prime Minister Theresa May and some
0:10:33 > 0:10:35senior Brexit cabinet Minister including Boris Johnson
0:10:35 > 0:10:42and David Davis will give speeches on the post-Brexit relationship.
0:10:42 > 0:10:45That's after calls for much more clarity on what happens next.
0:10:45 > 0:10:46Will we get it?
0:10:46 > 0:10:47Wait and see.
0:10:47 > 0:10:50More on that in a moment, but first Yogita has the details
0:10:50 > 0:10:55about what's ahead on Wall Street Today.
0:10:55 > 0:10:58After a turbulent week in the markets, stocks could be
0:10:58 > 0:11:00further impacted by economic numbers that are due to be released
0:11:00 > 0:11:03in the coming days.
0:11:03 > 0:11:05On Tuesday a key measure of inflation, the consumer
0:11:05 > 0:11:07Price index, will be out.
0:11:07 > 0:11:09This is what the Federal reserve looks at when it makes
0:11:09 > 0:11:13monetary policy decisions.
0:11:13 > 0:11:16And a big rise in inflation could add to fears that interest
0:11:16 > 0:11:20rates in the US will be raised more rapidly than what was anticipated.
0:11:20 > 0:11:22That had been the main trigger for the market's fall
0:11:22 > 0:11:24over the past 10 days.
0:11:24 > 0:11:27So traders will be watching nervously.
0:11:27 > 0:11:30In corporate earnings this week, rivals PepsiCo and Coca-Cola
0:11:30 > 0:11:33will be revealing results.
0:11:33 > 0:11:35Both companies are expected to report that profits grew
0:11:35 > 0:11:45even though sales didn't.
0:11:48 > 0:11:49-- even though sales dipped.
0:11:49 > 0:11:51Canada's Bombardier will also be releasing earnings.
0:11:51 > 0:11:53That comes after the plane maker unexpectedly won trade dispute
0:11:53 > 0:11:55in the US against Boeing.
0:11:55 > 0:11:58Joining us is David Bloom, Global Head of FX Strategy at HSBC.
0:11:58 > 0:12:01Talking about inflation, looking to the week ahead, big figures from the
0:12:01 > 0:12:04UK and the US, what are we expecting?The market meltdown
0:12:04 > 0:12:10started when the average earnings numbers in the US were worried about
0:12:10 > 0:12:14wages picking up and worried about inflation. This is the week where
0:12:14 > 0:12:20all of our worries come to fruition. We have the UK numbers, the Bank of
0:12:20 > 0:12:23England has already indicated it wants to raise rates. And the US
0:12:23 > 0:12:26numbers where the market is saying, is the third behind the curve? They
0:12:26 > 0:12:32haven't raised rate enough. Oh! You can feel the tension in the market
0:12:32 > 0:12:37already with these inflation numbers coming up.Is that what they
0:12:37 > 0:12:40actually say, oh! ?I think it was worse than that over the last couple
0:12:40 > 0:12:46of weeks. Hopefully it will just be like a ship in the night. The
0:12:46 > 0:12:49numbers will come out, as expected, and markets can calm down a little
0:12:49 > 0:12:56bit.We are seeing inflation rising or staying high in some countries,
0:12:56 > 0:13:00yet changing policies, it takes time for that to filter through to the
0:13:00 > 0:13:08numbers. Months down the line there is a problem.Inflation is like
0:13:08 > 0:13:11looking in your rear-view mirror, you are looking at what is happening
0:13:11 > 0:13:14behind you rather than in front, and that is why there is concerned.
0:13:14 > 0:13:18Because once inflation picks up it is too late. Then you have to push
0:13:18 > 0:13:21interest rates up, crash the economy, then inflation comes down,
0:13:21 > 0:13:28nobody wants to be crushed.And you don't want peaks and troughs.
0:13:28 > 0:13:36Exactly.What is going to worry most people is this idea that interest
0:13:36 > 0:13:40rates are going to go up. We have heard that from the Bank of England.
0:13:40 > 0:13:45But the concern is, how far?You are 100% right. I was talking about
0:13:45 > 0:13:51markets. They are forward-looking. For people in the UK, higher rates
0:13:51 > 0:13:55mean higher rates, it means your mortgage payment goes up. Most
0:13:55 > 0:14:02people have borrowed on overnight rates, and once it goes up, it can
0:14:02 > 0:14:07hit you in the pocket. But hopefully that's enough. A little bit of
0:14:07 > 0:14:10touching the brakes sometimes, that's fine, but it is when you slam
0:14:10 > 0:14:16on the brakes that you really start to feel the pain. Inflation picks up
0:14:16 > 0:14:19too strongly, the Bank of England will have to do something, and
0:14:19 > 0:14:23that's painful. Let's hope that it is just a little touch on the
0:14:23 > 0:14:27brakes, everybody can handle it, and we are going at a beautiful speed.
0:14:27 > 0:14:35No emergency stops. No oh! Again. Exactly. You do not want an
0:14:35 > 0:14:41emergency handbrake.Great to see thanks very much.
0:14:42 > 0:14:43Still to come...
0:14:43 > 0:14:45A winning smile: how one former dentist is tackling tooth
0:14:45 > 0:14:46loss amongst top sportsmen.
0:14:46 > 0:14:55You're with Business Live from BBC News.
0:15:02 > 0:15:08Aldi has been stealing market share
0:15:08 > 0:15:11from its UK supermarket rivals, and now it's gone one further.
0:15:11 > 0:15:13The discounter has come first in a customer satisfaction survey,
0:15:13 > 0:15:17pushing last year's winner Waitrose into fourth place.
0:15:17 > 0:15:25Gareth Shaw from Which?, is here to tell us more.
0:15:25 > 0:15:31We talk a lot about this retailer but it's clearly doing something
0:15:31 > 0:15:36right.Absolutely. It's been stealing market share along with
0:15:36 > 0:15:39little for the last few years but not customers saying they are so
0:15:39 > 0:15:45happy to shop there. They say it's like a jumble sale and a little
0:15:45 > 0:15:53shabby but they have great quality and great prices. -- Lidl. Waitrose
0:15:53 > 0:15:57has dropped from first position last year down to fourth and it's all
0:15:57 > 0:16:01about value for money.For about Waitrose? Why have they been pushed
0:16:01 > 0:16:06back.People feeling the pinch, inflation rising and food prices
0:16:06 > 0:16:11rising, they are looking to get value for money, not bad things in
0:16:11 > 0:16:15the Waitrose survey, people logged the stores, they are clean, staff
0:16:15 > 0:16:19excellent but they don't feel that they are getting value for money
0:16:19 > 0:16:22that they are getting from the likes of Aldi and Lidl.What about
0:16:22 > 0:16:26Sainsbury's? Pushed back into the ninth but they moan about the
0:16:26 > 0:16:32methodology.Sainsbury is finished last in the survey, people feeling
0:16:32 > 0:16:37ambivalent about the experience, some of the feedback we had, their
0:16:37 > 0:16:40experience is dull, well-stocked but it's not great and a little on the
0:16:40 > 0:16:44pricey side and that's something Sainsbury's will have to take on
0:16:44 > 0:16:48board along with the other big supermarkets which finished right at
0:16:48 > 0:16:54the bottom.Gareth, nice to see you and thank you. Thank you for
0:16:54 > 0:17:00explaining all of Tesco telling us about the pressure to split up its
0:17:00 > 0:17:07business, keep your eyes peeled. On the website, the story got my eye,
0:17:07 > 0:17:18the idea about shared parental leave.
0:17:22 > 0:17:27Is interesting to find out why, whether businesses support that or
0:17:27 > 0:17:32not. Plenty more on that. Do stay with us.
0:17:43 > 0:17:51You are watching business live. London City Airport will be closed
0:17:51 > 0:17:57to flights today, and unexploded bomb discovered. 16,000 passengers
0:17:57 > 0:18:02affect that, going to carry on into this evening, they hope they will
0:18:02 > 0:18:07have resolved that I then. London City Airport the reason we are
0:18:07 > 0:18:13talking about it." In financial heartland, a lot of disruption for
0:18:13 > 0:18:22business passengers. A quick look at the markets. The arrows tell the
0:18:22 > 0:18:24story, optimism coming back in after the roller-coaster ride last year.
0:18:24 > 0:18:30The FTSE doing well, if all in the value of the pound. Some details
0:18:30 > 0:18:33about what will happen with the trading relationship with the EU
0:18:33 > 0:18:38after Brexit and we will hear from the Prime Minister later in the
0:18:38 > 0:18:40week.
0:18:40 > 0:18:42After the battering that the markets took last week,
0:18:42 > 0:18:44our next guest might have come in pretty useful.
0:18:44 > 0:18:46We're talking about staying safe playing tough sports -
0:18:46 > 0:18:49and one firm that's got a novel way of keeping TEETH intact.
0:18:49 > 0:18:52In the United States alone between 650,000 and 1 million teeth
0:18:52 > 0:19:00are lost in sports related accidents each year.
0:19:00 > 0:19:02We say lost, we are talking about them being knocked out.
0:19:02 > 0:19:05And a large portion of those could have been avoided
0:19:05 > 0:19:07if the athlete had been wearing a mouth guard.
0:19:07 > 0:19:10One British dentist got so fed up with treating sports related
0:19:10 > 0:19:13toothloss that he quit his practice in 1997 and set up a company
0:19:13 > 0:19:14called OPRO, manufacturing custom made mouthguards
0:19:14 > 0:19:17initally supplying schools.
0:19:17 > 0:19:19Today, its products are used in schools,
0:19:19 > 0:19:22clubs and professional sports teams around the world,
0:19:22 > 0:19:25including the New Zealand and England rugby teams.
0:19:25 > 0:19:34Dr Anthony Lovat the Founder of the company joins us now.
0:19:34 > 0:19:38A warm welcome to you and thank you for coming in. A huge number, you
0:19:38 > 0:19:43can't believe people do not protect themselves better. Tell us how you
0:19:43 > 0:19:46got started.Good morning, it stemmed from an episode about 21
0:19:46 > 0:19:51years ago, I was watching my daughter play a match, a lacrosse
0:19:51 > 0:19:57match involving a stick and a ball, a ball flying around at head level.
0:19:57 > 0:20:03A traditional dishes sport.The defender defending my daughter tried
0:20:03 > 0:20:06to intercept pass, she intercepted at with her face, she fell to the
0:20:06 > 0:20:11ground, teachers parents came around, we spotted that they too had
0:20:11 > 0:20:15come out, being a dentist, found the tooth, Godard cleaned, re-implanted
0:20:15 > 0:20:20it into the socket, to care for emergency treatment but what was
0:20:20 > 0:20:23interesting, after that, I said why weren't you wearing a mouth guard,
0:20:23 > 0:20:29they aren't mandatory at your level in the sport, and she said, I do
0:20:29 > 0:20:34have a mouth guard, I showed it to the referee and it's so loose and
0:20:34 > 0:20:38painful to where I put it in my sock so then I start thinking, is there
0:20:38 > 0:20:42something I can do to prevent injuries rather than treat them
0:20:42 > 0:20:46afterwards and one thing led to another and here we are 21 years
0:20:46 > 0:20:51later with mass guards across the globe, very thin, very protective
0:20:51 > 0:20:56and worn by all levels of sports player.When we met this morning
0:20:56 > 0:21:01there was quite a niche or a market there that wasn't tapped already,
0:21:01 > 0:21:07explain what you are doing differently. -- mouth guards. You do
0:21:07 > 0:21:14it differently.We got to the point, we created mouth words you can buy
0:21:14 > 0:21:20off-the-shelf and you can fit them yourself but the key thing about a
0:21:20 > 0:21:28mouth guard, every one we make will be sent and protective, we make them
0:21:28 > 0:21:34right across the range.Let's have a look. How does it, you can't make
0:21:34 > 0:21:39one individually for each person? That wouldn't be practical in terms
0:21:39 > 0:21:45of costs or how does it work, I am not putting it in my mouth, how does
0:21:45 > 0:21:50it mould itself and how do you make this fit?What you are holding is
0:21:50 > 0:21:54the latest innovation that is being released at the moment. A
0:21:54 > 0:22:01combination of a custom mouth guard made at art laboratories in England
0:22:01 > 0:22:05and one you put in boiling water, that particular one you put in
0:22:05 > 0:22:09boiling water, you utilise the system we have here, you put it at
0:22:09 > 0:22:13around the mouth guard, bite together it compresses the guard and
0:22:13 > 0:22:19fits it tight.It mulls to the specific mouth.And that allows us
0:22:19 > 0:22:24to make individual, this book mouth guards to send around the world for
0:22:24 > 0:22:33individuals to fit them.Let let's talk about how you came from one
0:22:33 > 0:22:37mouth guard to supplying rugby teams around the world, supplying hundreds
0:22:37 > 0:22:41of pupils, it will not an overnight success, you have been working at
0:22:41 > 0:22:46this quite some time.21 years on from where we started, it was to a
0:22:46 > 0:22:50degree and overnight success, in the early days we limited things to
0:22:50 > 0:22:55custom mouth guards in schools and the need for them was well received
0:22:55 > 0:22:59by teachers, it grew fast as a supply line to schools but then we
0:22:59 > 0:23:05came out for a range that said as well or not quite as well but
0:23:05 > 0:23:08closely to a custom mouth guard which you can buy in a retail outlet
0:23:08 > 0:23:13and that allowed us to move forward into a global stage, we have just
0:23:13 > 0:23:16teamed up with the ultimate fighting championship, the murderous promoter
0:23:16 > 0:23:20of mixed martial arts around the world, we expect mouth guards to
0:23:20 > 0:23:26find their way into 200 countries that indulge in combat sport.Time
0:23:26 > 0:23:35is tight, turnover increasing from 250,019 86, two millions. It is
0:23:35 > 0:23:42astonishing.They go from £5 from the least expensive to between 65
0:23:42 > 0:23:47and £70.Who knew that you could make six and three quarters million
0:23:47 > 0:23:53pounds from that? That is why you're doing that job! Good to see you.
0:23:53 > 0:23:59Let's take a look to the business changes.
0:23:59 > 0:24:03here's a quick reminder of how to get in touch with us.
0:24:12 > 0:24:17Get involved in the business live web page, we want to hear from you.
0:24:17 > 0:24:26You can get involved on Twitter. And you can find us on Facebook.
0:24:26 > 0:24:29Business live, on TV, and online, what you need to know, when you need
0:24:29 > 0:24:43to know it. David has rejoined us. We knew this already. A lot of
0:24:43 > 0:24:49retailers telling us, a headline in the Financial Times. It's been a
0:24:49 > 0:24:53tough Christmas for retailers, Sword of going on into January.The
0:24:53 > 0:24:58conflict we were talking about earlier. You have what looks like a
0:24:58 > 0:25:02slowing economy but inflation is picking up. Everyone is expecting
0:25:02 > 0:25:07the Bank of England to be aggressive about that. You are getting stories
0:25:07 > 0:25:11coming out, the UK is expected this sure to be one of the slowest of the
0:25:11 > 0:25:15cheap ten economies and this is a kind of story and sometimes you see
0:25:15 > 0:25:20housing market stories. Meanwhile the labour market is tight and you
0:25:20 > 0:25:26are worried about wages. -- G10. If this is rocking consumer spending we
0:25:26 > 0:25:29would be concerned about how much the Bank of England would raise
0:25:29 > 0:25:36rates but they are counterbalancing forces.Will the golden age of TV
0:25:36 > 0:25:44reduce the first $20 million per show serious?I do not think my kids
0:25:44 > 0:25:48know what television is, it is on some kind of device for them, this
0:25:48 > 0:25:54is the new World.David, so good to see you.
0:25:54 > 0:25:55That's it from Business Live today.
0:25:55 > 0:25:58There will be more business news throughout the day on the BBC Live
0:25:58 > 0:26:00webpage and on World Business Report.
0:26:00 > 0:26:07We'll see you again tomorrow.