:00:04. > :00:14.bid for the makers of Tiger Beer. The flagging currency saps Europe's
:00:14. > :00:17.
:00:17. > :00:21.demand from the rest of the world The stock market pressure on
:00:21. > :00:31.Facebook continues to build. Shares in the social network plunged some
:00:31. > :00:32.
:00:32. > :00:37.6% on Thursday to close at a new low of $19.87. That is around half
:00:37. > :00:40.the $38 they were floated at in a record breaking IPO back in May.
:00:40. > :00:46.Worries about the company's ability to make money have contributed to
:00:46. > :00:48.one of the most disastrous major flotation for many years. The
:00:48. > :00:58.expiry of so-called lock-in restrictions, preventing some
:00:58. > :00:59.
:00:59. > :01:05.shareholders from selling, could spell more trouble. Until now,
:01:05. > :01:11.Facebook's original investors have not been allowed to sell their
:01:11. > :01:16.shares. Those restrictions have started to end on Thursday. The
:01:16. > :01:21.share price plunged another 6%. That is not the end of the matter.
:01:21. > :01:25.Over the next few months, the number of Facebook shares in
:01:25. > :01:28.circulation will quadruple. The next big charge will come in
:01:29. > :01:33.November were Facebook employees are allowed to trade their shares
:01:33. > :01:40.for the first time. That number includes Mark Zuckerberg, the
:01:40. > :01:46.founder. As these extra shares come into circulation, the prize will
:01:46. > :01:49.plunge even further. It is not the main issue facing Facebook. The
:01:49. > :01:59.underlying worry is concern that the company would never generate
:01:59. > :02:02.
:02:02. > :02:09.the massive profits required to justify its huge initial valuation.
:02:09. > :02:18.It is something for investors to worry about. The bitter takeover
:02:18. > :02:25.battle for the maker of Tiger Beer appears to be coming to a head.
:02:25. > :02:31.Tell us the latest on this. It appears to be a battle.
:02:31. > :02:36.There is a bit of a battle. It has been brewing for some weeks in
:02:36. > :02:40.Singapore. Various companies are involved. They all have vested
:02:40. > :02:45.interest. They're trying to raise their stakes in the makers of Tiger
:02:45. > :02:54.Beer. The chief amongst them is Heineken. It has offered some $6
:02:54. > :03:03.billion for the rest of the shares it does not own. The shares of Asia
:03:04. > :03:08.Pacific Breweries have been suspended, pending an announcement.
:03:08. > :03:14.According to some sources, Heineken is said to be in talks to try and
:03:14. > :03:24.raise its bid. It is a fairly complex arrangement involving
:03:24. > :03:26.
:03:26. > :03:34.several companies that have these interest. Companies associated with
:03:34. > :03:40.a company owned by a tide billionaire is interested as well.
:03:40. > :03:46.According to these sources, it is not clear how much a Heineken would
:03:46. > :03:49.boost its share bid. A part of the reason is because Heineken is keen
:03:49. > :03:55.on gaining more control is because South-East Asia is proving to be
:03:55. > :04:01.one of the fastest growing drink markets in the world. Very few
:04:01. > :04:11.independent companies are left out there to buy. It is a chance to
:04:11. > :04:15.
:04:15. > :04:19.reach out to new consumers. The slump in the value of the euro
:04:19. > :04:24.is making foreign goods and raw materials increasingly expensive
:04:24. > :04:29.for the 27 countries they shared the single currency. -- 17
:04:29. > :04:39.countries. Betray feeders and expect to show it is even harder
:04:39. > :04:49.for exporters to sell goods and services into continental Europe. -
:04:49. > :05:04.
:05:04. > :05:08.Winners paradoxically are companies within northern Europe. They are
:05:08. > :05:12.selling to currencies outside the euro which are stronger. The losers
:05:12. > :05:18.are those companies which have built businesses selling into
:05:18. > :05:22.Europe but now find they are priced out of the market. Take his
:05:22. > :05:30.internet security provider. Staff have worked long and hard to win
:05:30. > :05:34.business across the continent. is the amount of money left over at
:05:34. > :05:38.the end of the year which we can invest in the following year to
:05:38. > :05:44.expand. Look at what happened to the euro over the course of the 12
:05:44. > :05:47.months. These foreign exchange specialist advisers clients in
:05:47. > :05:57.handling their Euro receipts. Timing of transactions are a worry
:05:57. > :05:59.
:06:00. > :06:09.for clients. Should I sell it later in the hope that the rate fixes
:06:10. > :06:11.
:06:11. > :06:16.itself? Should we break that level? For companies like this one,
:06:16. > :06:26.selling in Europe is part of their success. More you're trouble with
:06:26. > :06:28.
:06:28. > :06:31.the likes of Spain and Greece could South Africa is suffering one of
:06:31. > :06:34.the bloodiest industrial disputes since the end of the Apartheid era
:06:34. > :06:37.two decades ago. On Thursday police opened fire on striking miners
:06:37. > :06:41.armed with machetes and sticks at the Marikana platinum mine, owned
:06:41. > :06:44.by London based firm Lonmin. It is reported at least a dozen people
:06:44. > :06:54.have been killed and many seriously injured. The unrest has been
:06:54. > :06:57.characterised as a turf war between two unions. It has paralysed South
:06:57. > :07:04.Africa's platinum industry, which accounts for 80% of the world's
:07:04. > :07:08.reserves of the metal. The crisis is having repercussions around the
:07:08. > :07:16.world. Shares of the mining company have been hit hard and the price of
:07:16. > :07:26.platinum jumped by $30 an ounce on Thursday. We have a mining analyst
:07:26. > :07:36.with us. Before we talk about the implications. Platt known is used
:07:36. > :07:40.
:07:40. > :07:47.in a lot will start. -- stuff. -- planum. It is used in many things.
:07:47. > :07:53.A wide variety of many things including the petroleum industry.
:07:53. > :08:00.Chemotherapy and things like that. This unrest is having some be it
:08:00. > :08:10.disruptions on the mind and the company. The London mines are not
:08:10. > :08:12.
:08:12. > :08:18.operating. There are many other employees on strike and those who
:08:18. > :08:25.are afraid of turning up to work. If it is not operating, in -- I
:08:25. > :08:29.imagine that would have a big knock-on investors' confidence.
:08:29. > :08:35.does. The companykph yesterday and told people they do not expect to
:08:35. > :08:41.meet the numbers of this year. The year end in September. One of the
:08:41. > :08:48.knock-on implications of that is that the debt covenants may come
:08:48. > :08:53.under pressure. That is something the investors are concerned about.
:08:53. > :09:01.There has been 80% increase on platinum. Historically, platinum is
:09:01. > :09:08.quite a low level metal anyway. depends on how long this disruption
:09:08. > :09:15.goes on for. We saw a six-week strike earlier in the year. That
:09:15. > :09:21.had a fairly minor impact on the price. The industry is in
:09:21. > :09:28.oversupply at the moment because of the depressed euro. That does
:09:28. > :09:32.depend how long this drags on for. Yes or no? The thing we will see an