I can imagine that a bid does actually happen and I'd be happy with somewhere under 900 pence. It has got predictable earnings and that's attractive.

If interest rates and oil really begin to rise, it would be a problem for stocks. At the current levels, I'm not too worried. The markets and companies can manage.

It would have to go between Pence and German.

It just takes you somewhere,

Take care of the pence, for the pounds will take care of themselves

When we look and feel happy, it’s beautiful and more attractive than anything we could possibly imagine.