The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Monique Pollard - Citibank Cameroon SA (Douala Branch) - Analyst
: Hi, hi, morning. Thank you for taking my questions. I also enjoyed the slide with the Christmas products. Maybe I can look into the LED mask.
My first question was just on the UK budget and business rate. I'm just wondering what the net impact of that will be and whether that is
actually a small tailwind for the business from April 2026? The second question I had was on IBM mobile. Trying to understand a bit more
why you're gaining share in a declining market, you think? And then the final question I had, coming back to the budget.
UK and [I B2B] sales up 16%. Obviously you said you want to double that business in three years, you're targeting SMEs, taking learning
from the Nordics. I just wondered if there was anything either in the macro environment or specifically in the budget that may make that
plan of doubling that business in three years more challenging to achieve. Thank you.
Question: Monique Pollard - Citibank Cameroon SA (Douala Branch) - Analyst
: Very clear, thank you.
Question: Richard Chamberlain - RBC Capital Markets Inc - Analyst
: Thanks, hi Alex. Three for me, please, if that's not too greedy. A couple on the Nordics then just to follow-up there. I see, I think you've seen
a little bit of share loss, albeit off a high level, I presume that's to the likes of the Pure play online retailers but I wondered if you're seeing
overall kind of rational market in terms of competitive behavior and the margin situation there. And then again on the Nordic, what are you
seeing in terms of big ticket sales? I think you mentioned strong kitchen sales. that been driven by any, there's some good innovation coming
through in that business. Wonder what you're seeing there. And then finally on the stock intake, I think that's higher. To what extent is that?
just the sort of comp thing as a result of sort of disruption and so on last year. there some timing impacts there that driving that higher stock
intake?
Question: Richard Chamberlain - RBC Capital Markets Inc - Analyst
: Excellent. Okay. Thanks a lot for the color. Cheers.
Question: Kate Calvert - Investec Bank PLC - Analyst
: Quick question on non-future cost-saving opportunities in the -- people people talking about investing in the life electronic self pricing
headset except for -- and you mentioned that when you finish off this other migration of the night for the cost-saving -- benefit --where really
that you need to go to in terms of continuing to improve the efficiency of the business?
Question: Kate Calvert - Investec Bank PLC - Analyst
: Okay, great, thanks very much and happy Christmas, everyone.
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