Browse content similar to 07/01/2016. Check below for episodes and series from the same categories and more!
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Turmoil on the world's financial markets, | :00:07. | :00:11. | |
The main index in Beijing fell sharply. | :00:12. | :00:17. | |
Trading was stopped for the second time this week. | :00:18. | :00:19. | |
as the Chancellor warned that Britain is facing a combination | :00:20. | :00:24. | |
This year opens a dangerous cocktail of new threats from around the | :00:25. | :00:34. | |
world. For Britain, the onliant dote to that is confronting complacency. | :00:35. | :00:41. | |
-- the only aantidote to that. Is stopping the complacency. | :00:42. | :00:45. | |
We'll have more on the chancellor's warning and the reasons | :00:46. | :00:48. | |
for the increased volatility on global markets. | :00:49. | :00:51. | |
In Paris, a man wearing a fake suicide vest | :00:52. | :00:57. | |
is shot dead by police on the first anniversary | :00:58. | :01:00. | |
Police confirm the bodies of former actress Sian Blake and her two | :01:01. | :01:05. | |
children have been found in a garden in south-east London. | :01:06. | :01:13. | |
In Syria, aid will be allowed in to three besieged towns | :01:14. | :01:16. | |
People have been advised to leave to be starving to death. | :01:17. | :01:22. | |
People have been advised to leave their homes in some areas of | :01:23. | :01:27. | |
Aberdeen due to flood alerts. Forcing force | :01:28. | :01:30. | |
And Marks and Spencer suffers poor Christmas results | :01:31. | :01:33. | |
but that's not the reason the boss is stepping down. | :01:34. | :01:35. | |
Thousands of vacant nursing positions in our hospitals | :01:36. | :01:40. | |
lead to warnings of potential health risks for Londoners. | :01:41. | :01:42. | |
And airport parking like you wouldn't expect - | :01:43. | :01:55. | |
The turmoil on the world's financial markets has intensified today, | :01:56. | :02:00. | |
with stock markets falling sharply, triggered mainly | :02:01. | :02:02. | |
The main index in Beijing fell by a hefty 7% when trading | :02:03. | :02:07. | |
was stopped for the second time this week. | :02:08. | :02:09. | |
The Chinese had to suspend the very system they introduced to try to | :02:10. | :02:13. | |
Wall Street followed the downward trend, as did European markets. | :02:14. | :02:21. | |
During the day the Chancellor, George Osborne, warned | :02:22. | :02:24. | |
of a "dangerous cocktail of economic risks" facing the UK. | :02:25. | :02:26. | |
Our economics editor Kamal Ahmed has the latest. | :02:27. | :02:29. | |
A crisis in China, where the markets were once again shut down by the | :02:30. | :02:36. | |
state, to halt another significant fall. Stock markets across the West | :02:37. | :02:41. | |
also down. Fearful of more global economic bad news. Collapsing oil | :02:42. | :02:46. | |
prices, as demand wanes. The world economy is once again under | :02:47. | :02:51. | |
pressure. The Chinese economy has been slowing for sometime. There is | :02:52. | :02:55. | |
now some uncertainty about its next step on policy. I think the concerns | :02:56. | :02:58. | |
are not just about China. The concerns are that if China | :02:59. | :03:03. | |
undertakes a certain policy, that may have implications for other | :03:04. | :03:07. | |
emerging markets, for their exchange rates, policy and growth. So we may | :03:08. | :03:12. | |
get a bigger hit to the global economy, more broadly, coming | :03:13. | :03:15. | |
through. China is the world's second largest economy and the country's | :03:16. | :03:19. | |
growth figures to be published on January 19th could be the lowest for | :03:20. | :03:23. | |
25 years. This global economic turmoil does not appear to be | :03:24. | :03:30. | |
temporary. China, emerging markets slowdown, commodity pricings in a | :03:31. | :03:34. | |
bit of a funk. Oil prices continuing to fall there. Doesn't seem to be a | :03:35. | :03:39. | |
let-up at the moment. I think these things will be with us, perhaps in | :03:40. | :03:43. | |
aggravated form, actually over the next few months. The Chancellor | :03:44. | :03:46. | |
chose today to send out a warning that after a new year marked by | :03:47. | :03:50. | |
turmoil on the markets, there were global risk to the UK economy. Last | :03:51. | :03:56. | |
Last year was the worst for global growth since the crash. This year | :03:57. | :04:01. | |
opens with a dangerous cocktail of new threats from around the world. | :04:02. | :04:07. | |
For Britain, the October antidote to that is confronting complacency and | :04:08. | :04:09. | |
delivering the plan that we've set out. | :04:10. | :04:13. | |
So, it might seem an odd time for Mr Osborne to warn Britain to get ready | :04:14. | :04:20. | |
for an interest rate rise, seen as a signal of economic strength. But he | :04:21. | :04:24. | |
did, saying that despite the global problems, the UK economy was growing | :04:25. | :04:28. | |
well and America's decision to raise rates last year would have an | :04:29. | :04:32. | |
impact. It is no wonder the people are starting to talk about what a | :04:33. | :04:35. | |
rise in interest rates might mean for us all. Inevitably, with the US | :04:36. | :04:40. | |
Federal Reserve having made their decision to raise rates last month, | :04:41. | :04:47. | |
there is a discussion about how and when we begin to move out of a world | :04:48. | :04:52. | |
of ultralow rates. George os been has focussed on the global risks | :04:53. | :04:57. | |
affecting the UK economy, risks from over the seas and far away but many | :04:58. | :05:02. | |
of those risks are actually here in the UK. The Government is poor at | :05:03. | :05:06. | |
delivering infrastructure projects and business leaders are not happy. | :05:07. | :05:12. | |
They want much more to be done to rebalance the UK economy towards | :05:13. | :05:17. | |
manufacturing and also exports to our key economic markets overseas. | :05:18. | :05:23. | |
It is a delicate balancing act. Not allowing the UK to overheat, fuelled | :05:24. | :05:27. | |
by ultralow interest rates, while at the same time recognising the global | :05:28. | :05:33. | |
economic bear traps, the clock is tick. Mr Osborne admitted the threat | :05:34. | :05:39. | |
of boom and bust has not gone away. Well, Kemal, some people, I suppose | :05:40. | :05:45. | |
might be forgiven for wondering, why this talk on your last point of | :05:46. | :05:49. | |
interest rates going up, if there are the risks there. This is the | :05:50. | :05:52. | |
problem that George Osborne faces. I think it will be a massive theme for | :05:53. | :05:56. | |
2016. It is also, of course a problem for the Bank of England | :05:57. | :05:59. | |
gofrpor, Mark Carney and the Financial Policy Committee. Those | :06:00. | :06:02. | |
are the people who have to decide whether to raise interest rates this | :06:03. | :06:06. | |
year. -- ballooning governor. There are two extra dict rain awfully | :06:07. | :06:10. | |
powerful forces at play here. On the one side we have the UK economy. It | :06:11. | :06:16. | |
is actually growing relatively robustly. Real incomes are growing | :06:17. | :06:20. | |
and consumer confidence is coming back. Why? Because there is an | :06:21. | :06:25. | |
ultralow interest rate environment set up to save the world economy, | :06:26. | :06:28. | |
which means borrowing money is cheap. It means people are taking on | :06:29. | :06:32. | |
more debt. Asset bubbles are starting to grow. Things like | :06:33. | :06:36. | |
housing prices are growing up, very, very quickly. So, on that side Mr | :06:37. | :06:40. | |
Osborne might want to see interest rates rise to control some of the | :06:41. | :06:44. | |
heat in the economy but on the other hand, China slowdown, Middle East | :06:45. | :06:48. | |
tension, oil prices coming down, raise interest rates too quickly and | :06:49. | :06:52. | |
you might snuff out economic growth here. I think you have to imagine | :06:53. | :06:56. | |
George Osborne and Mark Carney, two men on skis. Those skis are going | :06:57. | :07:00. | |
slightly in different directions and as we know f that starts happening, | :07:01. | :07:03. | |
the outcome can be rather painful. -- as we know f that starts | :07:04. | :07:06. | |
happening. Thank you very much. | :07:07. | :07:12. | |
In Paris, a man wielding a knife has been shot dead by police | :07:13. | :07:15. | |
as he tried to enter a police station | :07:16. | :07:17. | |
He was apparently wearing a fake suicide belt | :07:18. | :07:22. | |
and carrying an image of the Islamic State flag. | :07:23. | :07:24. | |
At the time of the incident, President Hollande was speaking | :07:25. | :07:26. | |
at an event to mark the first anniversary of the terror attack | :07:27. | :07:29. | |
on the offices of Charlie Hebdo magazine, in which 12 people died. | :07:30. | :07:32. | |
Our chief correspondent Gavin Hewitt is in Paris tonight. | :07:33. | :07:34. | |
We can join him now. For France, this was supposed to | :07:35. | :07:42. | |
have been a day of remembering, but it turned out to be a day with fresh | :07:43. | :07:47. | |
fears. With the President of France being briefed about news of a fresh | :07:48. | :07:52. | |
incident just moments after he had been talking about the events of | :07:53. | :07:56. | |
exactly a year ago. Almost to the moment of last year's | :07:57. | :08:02. | |
attacks, police vans were once again racing through Paris' streets. | :08:03. | :08:07. | |
Armed police responding to a Mane proving a police station -- to a | :08:08. | :08:13. | |
man, approaching a police station with a butcher's knife shouting, | :08:14. | :08:20. | |
Allahu Akbar. God is great. Police cleared the streets, fearing | :08:21. | :08:25. | |
a bomb, a suicide vest, after wires were seen on the man. . I looked out | :08:26. | :08:31. | |
the window. I heard shouts coming from the police station. I saw two | :08:32. | :08:35. | |
policemen shouting at a man who was advancing towards them quite fast | :08:36. | :08:39. | |
When the man didn't stop, they started shooting and then the man | :08:40. | :08:43. | |
fell. A bomb disposal robot was brought | :08:44. | :08:47. | |
in. The man was wearing what turned out to be a fake suicide vest. The | :08:48. | :08:52. | |
police found a piece of paper on him with a symbol of the so-called | :08:53. | :08:55. | |
Islamic State. The man was later named Sallah Ali a | :08:56. | :09:04. | |
more oak can with no known links to violent extremists. -- Moroccoian. | :09:05. | :09:13. | |
It was a year ago that gunmen attacked the satirical magazine, | :09:14. | :09:17. | |
Charlie Hebdo and later a Jewish supermarket. Over two days, 17 | :09:18. | :09:21. | |
people were killed. Just moments before today's attack, the French | :09:22. | :09:28. | |
President, Francois Hollande, attended a memorial service at | :09:29. | :09:30. | |
police headquarters for the three officers killed last year. | :09:31. | :09:34. | |
TRANSLATION: We are now facing hardened fighters who have decided | :09:35. | :09:38. | |
to kill, even at the cost of their own lives. Their attacks are | :09:39. | :09:42. | |
co-ordinated from abroad, ordered by the organisation called Islamic | :09:43. | :09:45. | |
State. That is why I say that we are at war. | :09:46. | :09:53. | |
A year on, France is resilient but edgedy. 130 people were killed in | :09:54. | :09:57. | |
November. It is a country in recovery, but not recovered. | :09:58. | :10:01. | |
TRANSLATION: We are still deeply troubled. It's really affected us, | :10:02. | :10:06. | |
it is a very nervous atmosphere. The French President has warned that | :10:07. | :10:10. | |
France is not yet through with terrorism. But here, like elsewhere, | :10:11. | :10:13. | |
they are wrestling with really difficult issues. Is the state of | :10:14. | :10:17. | |
emergency proving effective? Are the hundreds of police raids working? | :10:18. | :10:24. | |
And is it right that dual nationals, convicted of terrorist offences, | :10:25. | :10:28. | |
should be stripped of their French citizenship? Tonight Parisians were | :10:29. | :10:31. | |
once again remembering. The President says fresh attacks are | :10:32. | :10:35. | |
likely. The sense of threat has not lifted. | :10:36. | :10:41. | |
In Syria, the government has now decided to allow the United Nations | :10:42. | :10:44. | |
to deliver aid to the besieged town of Madaya, | :10:45. | :10:47. | |
where there have been reports of people starving to death - | :10:48. | :10:50. | |
Aid agencies say conditions in the rebel-held | :10:51. | :10:54. | |
town, which is near the capital Damascus, | :10:55. | :10:57. | |
are "extremely dire" and people are struggling to survive | :10:58. | :11:00. | |
Our correspondent James Reynolds sent this report. | :11:01. | :11:09. | |
An opposition activist sent us this video from Madaya. | :11:10. | :11:12. | |
But it's their hollow cheekbones and their eyes | :11:13. | :11:18. | |
Medical activists have posted these pictures of seven-year-old Mohammed | :11:19. | :11:33. | |
Mohammed says he hasn't eaten for a week. | :11:34. | :11:39. | |
These pictures, from Madaya, were filmed yesterday. | :11:40. | :11:44. | |
40,000 people live here, amid cold and hunger. | :11:45. | :11:47. | |
Pro-government forces surrounding the town stop anyone from leaving | :11:48. | :11:51. | |
and they've stopped supplies from getting in. | :11:52. | :11:56. | |
In Syria's war, both the government and the rebels use | :11:57. | :11:59. | |
besiegements as a deliberate tactics. | :12:00. | :12:03. | |
The situation inside Madaya itself is indeed very dire. | :12:04. | :12:05. | |
This is something we have seen when we were | :12:06. | :12:08. | |
there last in October 2015, where we saw desperation in the eyes | :12:09. | :12:11. | |
of the people, where we saw hunger in their | :12:12. | :12:14. | |
Where we saw women who were unable to lactate their babies | :12:15. | :12:20. | |
because they were not well-nourished enough to have milk for them. | :12:21. | :12:24. | |
There is food in Madaya, but you have to pay | :12:25. | :13:01. | |
extortionate amounts to smugglers or to government soldiers to get it. | :13:02. | :13:04. | |
This unidentified man says he paid ?4,500 for these small bags of food. | :13:05. | :13:15. | |
This woman, we don't know her name, says that they are children haven't | :13:16. | :13:20. | |
The United Nations says it now hopes to | :13:21. | :13:25. | |
take supplies into her besieged town in the coming days. | :13:26. | :13:38. | |
Detectives in south-east London investigating the triple murder of a | :13:39. | :13:43. | |
mother and her sons have confirmed that formal identification has taken | :13:44. | :13:47. | |
place. The bodies found in the garden in Erith are those of former | :13:48. | :13:53. | |
EastEnders actress, Sian Blake and her two sons, aged and four. Police | :13:54. | :13:57. | |
say that significant attempts had been made to conceal the bodies. | :13:58. | :14:02. | |
Officers are searching for Sian Blake's, Arthur Simpson-Kent, the | :14:03. | :14:05. | |
children's father, who's believed to be in Ghana. Our Home Affairs | :14:06. | :14:09. | |
Correspondent, June Kelly, has the details. | :14:10. | :14:13. | |
Tonight, the first details of how Sian Blake and her two sons died. | :14:14. | :14:16. | |
Her body and those of eight-year-old Zachary, on the left, | :14:17. | :14:18. | |
and four-year-olded Amon, had been buried in the back garden | :14:19. | :14:21. | |
Tonight, the first details of how Sian Blake and her two sons died. | :14:22. | :14:29. | |
Scotland Yard said that significant attempts had been made to conceal | :14:30. | :14:33. | |
the bodies which were discovered earlier this week after sniffer dogs | :14:34. | :14:35. | |
The mother and her children all had head and neck injuries. | :14:36. | :14:39. | |
An international search is underway for Sian's partner | :14:40. | :14:41. | |
and the children's father Arthur Simpson-Kent. | :14:42. | :14:43. | |
He's known to have travelled to Ghana. | :14:44. | :14:44. | |
Today, Sian's sister, Ava and mother Pansy. | :14:45. | :14:49. | |
Said they want him returned to the UK. I want to know what happened. I | :14:50. | :14:55. | |
admit that. The BBC has been told after the former actress had not | :14:56. | :15:01. | |
been seen or heard from a relative contacted the NSPCC concerned about | :15:02. | :15:05. | |
possible domestic violence. Police went to the family home and spoke to | :15:06. | :15:10. | |
Arthur Simpson-Kent, who was alone. Shortly afterwards, he vanished. The | :15:11. | :15:14. | |
relationship between him and Sian was over, according to her sister. | :15:15. | :15:17. | |
In our opinion the relationship had already come to an end, but she | :15:18. | :15:22. | |
hadn't quite made that break or that decision to actually leave Arthur. | :15:23. | :15:25. | |
She may not have told him. I think she also wanted to do it in a way to | :15:26. | :15:32. | |
cause the minimum amount of discomfort to him as well. Now this | :15:33. | :15:37. | |
family will have to live with a triple loss. I have A' justs lost | :15:38. | :15:43. | |
my sister and my nephews. I'm not going see them grow up. I'm going to | :15:44. | :15:54. | |
miss Sian. She was my sister and somebody lovely girl, lovely boys. | :15:55. | :16:02. | |
Lost a generation. That can't... ... We can never replace them. June | :16:03. | :16:04. | |
Kelly, BBC News. David Cameron has been in Germany | :16:05. | :16:09. | |
and Hungary seeking support for the changes he wants | :16:10. | :16:11. | |
to the European Union, in particular a four-year benefits | :16:12. | :16:13. | |
ban on EU workers coming to Britain. In a meeting with the Hungarian | :16:14. | :16:19. | |
Prime Minister, both men said they were confident an agreement | :16:20. | :16:21. | |
could be reached in time for next Severe flood warnings have been | :16:22. | :16:24. | |
issued for the north-east of Scotland tonight as further heavy | :16:25. | :16:32. | |
rain brought water levels in some In parts of Aberdeen, | :16:33. | :16:35. | |
residents have been advised to be ready to leave their homes | :16:36. | :16:38. | |
and motorists warned to make Our correspondent, Kevin Keane, | :16:39. | :16:41. | |
is in Aberdeen with the latest. Huw, for much of today the main | :16:42. | :16:53. | |
focus of concern here on the River Don has been upstream in the | :16:54. | :16:56. | |
relatively small communities of Inverurie and Kintore. Both areases | :16:57. | :17:00. | |
have severe weather warnings attached to them. This evening focus | :17:01. | :17:05. | |
turned here to the city of Aberdeen. Not because of severe weather | :17:06. | :17:09. | |
warnings that were forecast, but because of the sheer numbers of | :17:10. | :17:13. | |
people who would have to be evacuated if this river here | :17:14. | :17:16. | |
overtopped. They are not sure whether or not it definitely will. | :17:17. | :17:21. | |
We are half a mile from the sea. When the high tide comes in the next | :17:22. | :17:25. | |
couple of hours all of this will back up. There is a big body of | :17:26. | :17:30. | |
water on the river up stream, about 30 or 40 miles up there because of | :17:31. | :17:35. | |
river gauges when they meet here the big fear is that it will over top. | :17:36. | :17:38. | |
This community here has had people knocking on the door from the police | :17:39. | :17:42. | |
advising them to consider at least the possibility of evacuating. All | :17:43. | :17:47. | |
right, Kevin, thank you for the update there. Kevin Keane with the | :17:48. | :17:51. | |
latest there in Aberdeen. More than 6,000 people - | :17:52. | :18:00. | |
almost half of them civilians - have been killed in Yemen since last | :18:01. | :18:02. | |
March in a struggle for power between Houthi rebels and forces | :18:03. | :18:05. | |
loyal to the president. It's been described as a forgotten | :18:06. | :18:08. | |
war and the rebels, backed by Iran, have been targeted by a military | :18:09. | :18:11. | |
force led by neighbouring Saudi Yemen is already the poorest | :18:12. | :18:13. | |
country in the Arab world, its basic infrastructure | :18:14. | :18:17. | |
is shattered, its economy is grinding to a halt, | :18:18. | :18:18. | |
at least 80% of the population So in this exclusive report | :18:19. | :18:21. | |
for BBC News at Ten, Safa al-Ahmad, has travelled | :18:22. | :18:28. | |
to Yemen and reports on her journey There are some distressing | :18:29. | :18:31. | |
images in her report. This dusty mountain trail is now | :18:32. | :18:37. | |
the only safe entrance into Tiaz. These steep bridges cut | :18:38. | :18:41. | |
through front lines that A journey into the city that | :18:42. | :18:43. | |
used to take minutes, Vital supplies - fuel, food | :18:44. | :18:53. | |
and livestock are all transported up these paths into an | :18:54. | :19:10. | |
increasingly desperate city. After a long trek, | :19:11. | :19:12. | |
we finally make it in. Besieged for months, | :19:13. | :19:15. | |
much of the city is now in ruins. These fighters come under regular | :19:16. | :19:18. | |
attack from rebel Houthi militia Entire districts face | :19:19. | :19:20. | |
the threat of snipers. This family comes under fire | :19:21. | :19:32. | |
as they try to escape. We are given access to the city's | :19:33. | :19:35. | |
only emergency hospital. Without basic medical supplies, | :19:36. | :19:48. | |
they have to ration operations. Osama is lucky enough to be treated | :19:49. | :19:58. | |
but, unfortunately for him, In another room we find | :19:59. | :20:01. | |
six-year-old Asma Hamid, She was hit during a mortar | :20:02. | :20:14. | |
attack my Houthi rebels. As the children of her village | :20:15. | :20:22. | |
gathered to collect water, a round killed five of them | :20:23. | :20:24. | |
and injured another 19. The doctor tells me she's all alone, | :20:25. | :20:30. | |
she has no family at the hospital. Entire homes here have been | :20:31. | :20:36. | |
destroyed, yet many refuse to leave. Abdullah and his family live | :20:37. | :20:49. | |
on what used to be a front-line. He says he has no other | :20:50. | :20:53. | |
options but to stay. TRANSLATION: We're afraid, | :20:54. | :20:57. | |
but we have nowhere else to go, Wherever we go, we'll suffer, | :20:58. | :21:00. | |
at least here we'll have dignity. He invites me in to see | :21:01. | :21:09. | |
the damage to his home. Abdullah tells me the children have | :21:10. | :21:15. | |
become used to the sound of war. Outside the city, Saudi-led | :21:16. | :21:37. | |
coalition forces continue to pound A ceasefire in Yemen | :21:38. | :21:40. | |
has come and gone. In this complex war, | :21:41. | :21:45. | |
it's become increasingly clear that That special report on Yemen's | :21:46. | :21:47. | |
forgotten war and the country's A state of emergency has been | :21:48. | :22:07. | |
declared in a suburb of Los Angeles because of a major | :22:08. | :22:14. | |
leak of methane gas. More than 2,000 families have been | :22:15. | :22:16. | |
moved from their homes. Many people have reported feeling | :22:17. | :22:18. | |
ill because of the leak from an underground storage field | :22:19. | :22:22. | |
which started in October. One expert called it | :22:23. | :22:43. | |
an "environmental and public health our correspondent | :22:44. | :22:45. | |
James Cook reports. In these clear Californian skies, | :22:46. | :22:56. | |
there is a hidden menace. Every day thousands of tonnes | :22:57. | :22:59. | |
of methane are pouring out The leak has been going | :23:00. | :23:01. | |
on since October and people I had to go to the emergency room | :23:02. | :23:05. | |
because I was violently throwing up and had a severe migraine | :23:06. | :23:10. | |
and I was in severe pain Using an infrared camera the scale | :23:11. | :23:12. | |
of the leak becomes clear. The methane is spewing | :23:13. | :23:17. | |
from an underground storage facility Activists say this is the worst | :23:18. | :23:19. | |
environmental disaster since the Deepwater Horizon oil | :23:20. | :23:22. | |
spill in 2010 and it could go It is an ongoing thing | :23:23. | :23:25. | |
and I know everyone thought, oh, this happened on October | :23:26. | :23:29. | |
the 23rd and we have a situation This community is under | :23:30. | :23:31. | |
a constant assault. The company involved, SoCal Gas, | :23:32. | :23:35. | |
insists the fumes leaking from these hills do not pose an imminent | :23:36. | :23:38. | |
threat to public safety. But people here are still worried | :23:39. | :23:40. | |
both about their health Experts say the leak so far amounts | :23:41. | :23:43. | |
to a quarter of California's entire annual emissions of methane, | :23:44. | :23:47. | |
a potent greenhouse gas. Begging the question, | :23:48. | :23:49. | |
what is all this doing Marks and Spencer has denied | :23:50. | :23:51. | |
that its chief executive, Marc Bolland, is stepping down | :23:52. | :24:05. | |
because of poor trading results over Mr Bolland announced | :24:06. | :24:08. | |
that he would leave in April He's credited with modernising | :24:09. | :24:11. | |
the high-street chain, but critics claim that he failed | :24:12. | :24:14. | |
to improve the appeal of its clothing ranges | :24:15. | :24:16. | |
as our business correspondent, There was glitz and glamour | :24:17. | :24:18. | |
in the run-up to Christmas. But it's now the exit for the boss | :24:19. | :24:26. | |
of M after their worst Christmas Marc Bolland has been | :24:27. | :24:29. | |
nearly six years at Marks, one of the biggest, most | :24:30. | :24:38. | |
high-profile jobs in British retail. People will look back and say that | :24:39. | :24:40. | |
Marc had the courage to do some of the difficult things to really | :24:41. | :24:49. | |
put in place the infrastructure He's modernised the business, | :24:50. | :24:52. | |
revamped the website, turned around food, | :24:53. | :24:57. | |
but women's fashion, which drives most of the profits, | :24:58. | :25:00. | |
has yet to be fixed. This is the fifth year | :25:01. | :25:03. | |
of falling sales. This winter the warm | :25:04. | :25:08. | |
weather hasn't helped. We didn't want to buy | :25:09. | :25:11. | |
these heavy coats at M What we wanted to wear | :25:12. | :25:14. | |
were these lighter items, but they didn't have | :25:15. | :25:18. | |
enough of them in stock. Marks has had the odd bestseller - | :25:19. | :25:22. | |
remember this skirt? Ultimately, it's all | :25:23. | :25:24. | |
about the product and making sure There's been a good response | :25:25. | :25:27. | |
to their last few seasons from the fashion press, | :25:28. | :25:34. | |
but what's happening is we're not really seeing those styles | :25:35. | :25:37. | |
and the right kind of sizing options I think a lot of customers have | :25:38. | :25:40. | |
found that quite frustrating. Here in Bristol, a glimpse | :25:41. | :25:47. | |
of what M are up against. Eshka loves the food, | :25:48. | :25:50. | |
but not the clothes. Every time I browse | :25:51. | :25:53. | |
through the stores, with the clothes and everything, I think that the fit | :25:54. | :25:56. | |
and the style is just meant Pauline always used to shop here, | :25:57. | :26:00. | |
but not so much now. They don't go for short | :26:01. | :26:07. | |
people any more. Marks and Spencer are three or four | :26:08. | :26:12. | |
times the price of Primark. I know you don't get the quality, | :26:13. | :26:19. | |
but then you don't always need At least the new boss | :26:20. | :26:22. | |
knows the challenges, he's been with Marks for years, | :26:23. | :26:30. | |
and he's now got to bring Newsnight is on BBC Two, | :26:31. | :26:34. | |
looking in more detail on the state of the global economy | :26:35. | :26:46. | |
and the current turmoil. There's a first look at the papers | :26:47. | :26:48. | |
on the BBC News Channel, but here on BBC One it's time | :26:49. | :26:51. | |
for the news where you are. | :26:52. | :26:54. |