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by tesco, so doing what they are told by tesco, so rather than the stories being run by booker they are owned by booker. many are supplied by booker and do not operate under those brands. i think the competition markets authority will have to consider all those differences in the companies. booker are very different company to tesco and they will ultimately have to think about the effect that has on competition. thank you for that. in other business news: jim farley, the boss of ford europe, has warned the fall in the value of the pound since the brexit vote would be a significant challenge for the car—maker this year. he told the bbc that the drop could cost the firm as much as £480 million. the pound has fallen about 16% against the dollar since the referendum injune. ant financial, the digital payments arm of e—commerce giant alibaba, is buying us—based moneygram for £700m. moneygram for £700 million. moneygram has about 350,000 outlets in nearly 200 countries. ant financial has more than 630 million users. the takeover by the chinese group will need regulatory approval
by tesco, so doing what they are told by tesco, so rather than the stories being run by booker they are owned by booker. many are supplied by booker and do not operate under those brands. i think the competition markets authority will have to consider all those differences in the companies. booker are very different company to tesco and they will ultimately have to think about the effect that has on competition. thank you for that. in other business news: jim farley, the boss of ford europe,...
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Jan 27, 2017
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tesco shares rose 9% in morning trade. among the main fallers were drug—maker astra zeneca and budget airline easyjet, after analysts warned about rising competition in the pharmaceutical and aviation sectors. quarterly profits at bt have dived 37% after the firm reported an accounting scandal in its italian division that cost it more than £500 million. it has now confirmed that their head of continental europe will step down over the affair. the number of people declared insolvent because of unmanageable debts was 13% higher in 2016 compared with the previous year. over 90,000 people in england and wales found themselves in that situation. but even though the numbers are rising they still remain well below the peak level of insolvencies reached in 2010. tesco, the uk's biggest supermarket, has negotiated a £3.7 billion deal to buy booker group, the uk's biggest food wholesaler. booker supply everything from baked beans to teabags to 700,000 convenience stores, grocers, pubs and restaurants throughout the uk. let's get
tesco shares rose 9% in morning trade. among the main fallers were drug—maker astra zeneca and budget airline easyjet, after analysts warned about rising competition in the pharmaceutical and aviation sectors. quarterly profits at bt have dived 37% after the firm reported an accounting scandal in its italian division that cost it more than £500 million. it has now confirmed that their head of continental europe will step down over the affair. the number of people declared insolvent because...
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Jan 27, 2017
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this fast—growing market is what tesco wa nts this fast—growing market is what tesco wants a slice of. it has struck a deal to purchase booker. this wholesale supplies thousands of pubs, restaurants, caterers and corner shops. tesco says joining forces makes sense. the uk population is passionate about food and is changing the way that it wa nts to and is changing the way that it wants to consume food at home on the go it wants delivery it wants a greater service. the combination of our two businesses allows us to serve those customers better than we do individually on our own. tesco was already big. with this deal will become an even more powerfulforce in the food industry. and that may not be to everyone's taste. booker does not own these convenience stores but does own the brands and its supplies of food for the thousands of independent retailers who run them. i think some independent retailers will be concerned about the idea of trading with some company that is ultimately their biggest competitor as well. others will say will look, well, you may get better prices out of this. che
this fast—growing market is what tesco wa nts this fast—growing market is what tesco wants a slice of. it has struck a deal to purchase booker. this wholesale supplies thousands of pubs, restaurants, caterers and corner shops. tesco says joining forces makes sense. the uk population is passionate about food and is changing the way that it wa nts to and is changing the way that it wants to consume food at home on the go it wants delivery it wants a greater service. the combination of our two...
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Jan 5, 2017
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tesco says the john with very different back there. tesco says thejohn the band... lloyd jones, you have got your pyjamas on, i know that you sneak down... —— tesco says that pyjamas may be banned. i only wish they did not take the photograph they have of me... laughter iam me... laughter i am convinced in my indecision, at one level, they are trying to say, there is a standard here, whatever that standard may be, or the benefit of everyone, not just tesco, that standard may be, or the benefit of everyone, notjust tesco, there area of everyone, notjust tesco, there are a few standards, we... we do not wa nt are a few standards, we... we do not want to see digby wandering around in his onesie... want to see digby wandering around in his onesie. .. that is a site! the problem is, we do live in a free world, and as long as... within the bounds of decency. if you want to wear your onesie ads tesco at three in the morning, why not! it is not the kind of thing that i would do, andl the kind of thing that i would do, and i have never seen people wandering around in the
tesco says the john with very different back there. tesco says thejohn the band... lloyd jones, you have got your pyjamas on, i know that you sneak down... —— tesco says that pyjamas may be banned. i only wish they did not take the photograph they have of me... laughter iam me... laughter i am convinced in my indecision, at one level, they are trying to say, there is a standard here, whatever that standard may be, or the benefit of everyone, not just tesco, that standard may be, or the...
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Jan 27, 2017
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tesco already has the lion's share of the uk's grocery business. now it has its sights on serving even more customers. it has struck a deal to buy booker. you may not have heard of it but this wholesalers supplies thousands of pubs, restaurants, caterers and corner shops. this market is growing faster than selling groceries in supermarkets and tesco wants a slice of it. what we do see is... the two company bosses side—by—side for a webcast this morning to explain why the surprise £3.7 billion deal makes sense. the ability to improve the core offer of both the retail operation but also the independent and small business operation that charles currently serves is definitely going to drive growth, better choice, better range, better value, better price. what will the wider impact be? booker does not only is convenience stores but they own the brands and they supply the goods to the independent retailers who run them. tesco has 10% of the convenience food market today in our estimates, booker has a similar share, probably bigger of the convenience
tesco already has the lion's share of the uk's grocery business. now it has its sights on serving even more customers. it has struck a deal to buy booker. you may not have heard of it but this wholesalers supplies thousands of pubs, restaurants, caterers and corner shops. this market is growing faster than selling groceries in supermarkets and tesco wants a slice of it. what we do see is... the two company bosses side—by—side for a webcast this morning to explain why the surprise £3.7...
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Jan 27, 2017
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now, more on that tesco deal. the supermarket is buying grocery supplier booker in a deal worth £3.7bn. it caught everyone by surprise this morning, including retail analyst bruno monteyne, who used to work for tesco. he told us why it was such a big deal. for sure, it is a surprise. nobody saw this coming. consolidation in the uk market is something that many people have talked about. it is normally very hard to do. i combining a wholesaler like booker winner retailer like tesco, it is an unexpected and bury efficient way of making uk food retailing very efficient. what's in it for tesco is that booker is very big in the convenience, on the go food market stop rocket is good and fast growing, as well as relatively small in the overall market for food. so it will make booker a much more efficient, fast—growing and better for consumers ultimately. it changes the uk landscape to a material degree, so competition authorities will look at it, but given that you are will look at it, but given that you a re really wi
now, more on that tesco deal. the supermarket is buying grocery supplier booker in a deal worth £3.7bn. it caught everyone by surprise this morning, including retail analyst bruno monteyne, who used to work for tesco. he told us why it was such a big deal. for sure, it is a surprise. nobody saw this coming. consolidation in the uk market is something that many people have talked about. it is normally very hard to do. i combining a wholesaler like booker winner retailer like tesco, it is an...
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Jan 27, 2017
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booker surging on its takeover from tesco. the market likes that story from a tesco perspective. ubs, softer on outflows concerning the market. i'm trying to find out exactly what has happened. the other stock story is has caused a which sharp pickup in trading volume. the astrazeneca trading softer, down by nearly 3%. this is causing that consternation. matt: no doubt. clients are searching for news on that as astrazeneca news readership is up to the highest level it has been in 30 days on the bloomberg, so very interesting stocks to watch and indeed, the biggest drag on the stoxx 600. theyfinance ministers said are not troubled by theresa may's meeting with donald trump over a future u.s. trade act, easing fears her trip could harm her brexit negotiating. philip hammond was conciliatory saying the u.k. will play by the rules for as long as it remains in that you -- in the e.eu. >> we will continue to abide by so long asf the e.u. we are members so we want to strengthen our ties with the many trade partners we have around the world, but we are mindful of our obligations of the t
booker surging on its takeover from tesco. the market likes that story from a tesco perspective. ubs, softer on outflows concerning the market. i'm trying to find out exactly what has happened. the other stock story is has caused a which sharp pickup in trading volume. the astrazeneca trading softer, down by nearly 3%. this is causing that consternation. matt: no doubt. clients are searching for news on that as astrazeneca news readership is up to the highest level it has been in 30 days on the...
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Jan 27, 2017
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clearly tesco supplying both of them will make it a bigger force. that may prompt some concerns including from the competition authorities who are likely to scrutinise this deal. if approved, it is a big bold move by tesco, extending its already formidable reach. the church of england should not change its teaching on marriage as "the lifelong union of one man and one woman," according to the house of bishops, which forms part of the general synod. it said there was "little support" for same—sex marriage inside the church, but urged a "fresh tone..of but urged a "fresh tone of welcome and support" for lesbian and gay people. it acknowledged its findings could cause "serious and painful disagreements". here's our religious affairs correspondent martin bashir. foran for an ancient institution, three yea rs of for an ancient institution, three years of so—called shared conversations about same—sex relationships were not expected to radically alter doctrine. today's report lands squarely on the status quo. that marriage is a lifelong union between
clearly tesco supplying both of them will make it a bigger force. that may prompt some concerns including from the competition authorities who are likely to scrutinise this deal. if approved, it is a big bold move by tesco, extending its already formidable reach. the church of england should not change its teaching on marriage as "the lifelong union of one man and one woman," according to the house of bishops, which forms part of the general synod. it said there was "little...
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Jan 27, 2017
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tesco is the real performer there. elsewhere the xetra dax is lower by 0.2%. the french cac 40 falling closely behind by 0.3%. italian main market lower by 0.4%. how these moves are playing out in the sectors, let's give you a shot. a fair amount of red across sectors except retail getting a boost. that in part due to the tesco deal for booker. that lifting beverage higher by 0.2%. travel and leisure higher by 0.4%. lufthansa shares are on the rise after a broker resources. overall that sector basically flat. just clinging in positive territory. so let's tell you more about the deal of the day. shares in tesco and booker are leading the pack in europe after britain's biggest supermarket announced a merger with the uk's largest cash and carry wholesale supplier. the merger values booker at 3.7 billion pounds. tesco said the deal would result in booker shareholders owning about 16% of the combined group. dave lewis said the deal is completely on strategy. he said discussions on the booker acquisition began a year ago and that richard cousins was not supportive o
tesco is the real performer there. elsewhere the xetra dax is lower by 0.2%. the french cac 40 falling closely behind by 0.3%. italian main market lower by 0.4%. how these moves are playing out in the sectors, let's give you a shot. a fair amount of red across sectors except retail getting a boost. that in part due to the tesco deal for booker. that lifting beverage higher by 0.2%. travel and leisure higher by 0.4%. lufthansa shares are on the rise after a broker resources. overall that sector...
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tesco says joining forces makes sense. the uk population is passionate about its food, it's changing the way that it wants to consume food at home, on the go. it wants delivery, it wants a greater service, and the combination of our businesses allows us to serve those customers better than either of us can do individually on our own. tesco is already big, and with this deal it will become an even more powerfulforce in the food industry. and that might not be to everyone's‘s taste. booker does not know in these convenience stores but it does own the brands, and it supplies the food for the thousands of independent retailers who run them. i think some independent retailers will be very concerned about the idea of trading with a company that is ultimately their biggest competitor as well. others will say, we might be able to get better prices out of this, better buying prices by the newly merged group which get passed on to the retailer and customer. either way, it is a big, bold move for tesco but it will likely face scrut
tesco says joining forces makes sense. the uk population is passionate about its food, it's changing the way that it wants to consume food at home, on the go. it wants delivery, it wants a greater service, and the combination of our businesses allows us to serve those customers better than either of us can do individually on our own. tesco is already big, and with this deal it will become an even more powerfulforce in the food industry. and that might not be to everyone's‘s taste. booker does...
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Jan 27, 2017
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isn't this just tesco, which is a whopper as it is, just getting bigger? certainly, there may be concerns that tesco is gaining an even bigger slice of the uk food market than it already controls, and some analysts are saying that competition regulators may want to look into it carefully. tesco says, we're not buying any more big stores, so there is no reason for competition regulators to get involved, but that is a discussion for the future. tesco says it is looking to broaden its business, so the supermarket business itself, which is its core business, is very competitive, dominated by a small number of large players, very hard to gain market share, hard to grow your business and expand revenues or cut costs in that way. so it is taking ona cut costs in that way. so it is taking on a different part of the food business, making itself bigger in that way, expanding what it has to offer. it says it is particularly interested in what it calls the out of home offering, so people who go to supermarkets, prepare at home, thatis to supermarkets, prepare at home,
isn't this just tesco, which is a whopper as it is, just getting bigger? certainly, there may be concerns that tesco is gaining an even bigger slice of the uk food market than it already controls, and some analysts are saying that competition regulators may want to look into it carefully. tesco says, we're not buying any more big stores, so there is no reason for competition regulators to get involved, but that is a discussion for the future. tesco says it is looking to broaden its business, so...
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tesco already has the lion's share of the uk's grocery business. now it has its sights on serving even more customers. it has struck a deal to buy booker. you may not have heard of it but this wholesaler supplies thousands of pubs, restaurants, caterers and corner shops. this market is growing faster than selling groceries in supermarkets, and tesco wants a slice of it. what we do see is... the two company bosses side—by—side for a webcast this morning to explain why this surprise £3] billion deal makes sense. the ability to improve the core offer of both the retail operation, but also the independent and small business operation that charles currently serves, is definitely going to drive growth — better choice, better range, better value, better price. but what will the wider impact be? booker does not own these convenience stoi’es booker does not own these convenience stores but they own the brands, and they supply the goods to the independent retailers who run them. tesco has 10% of the convenience food market today in our estimates, bo
tesco already has the lion's share of the uk's grocery business. now it has its sights on serving even more customers. it has struck a deal to buy booker. you may not have heard of it but this wholesaler supplies thousands of pubs, restaurants, caterers and corner shops. this market is growing faster than selling groceries in supermarkets, and tesco wants a slice of it. what we do see is... the two company bosses side—by—side for a webcast this morning to explain why this surprise £3]...
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first, who are booker and why does tesco wa nt who are booker and why does tesco want them? tesco is one of the uk's biggest retailers, they are the biggest retailers, they are the biggest supermarket on the high street. it would not be going too far to say they have been somewhat in crisis for the last couple of yea rs. in crisis for the last couple of years. they've been selling off parts of the business, losing some of their market share. they had a 2014 accountancy scandal. today's announcements are significant in two ways. the bid the booker, they are also going to start paying dividends from next year. the markets have reacted positively to that and prices are up 10% on the footsie. but booker that is who you want to know about. they are the uk's largest cash—and—carry wholesaler. they supply wholesale food to 700,000 businesses across the uk. everything from restaurant chains to convenience stores. you mentioned brands like londis and budgens and premier. the viewers replied to tweets saying what does that mean the competition? what does that mean when i go to my
first, who are booker and why does tesco wa nt who are booker and why does tesco want them? tesco is one of the uk's biggest retailers, they are the biggest retailers, they are the biggest supermarket on the high street. it would not be going too far to say they have been somewhat in crisis for the last couple of yea rs. in crisis for the last couple of years. they've been selling off parts of the business, losing some of their market share. they had a 2014 accountancy scandal. today's...
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Jan 28, 2017
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tesco was already big. with this deal, it will become an even more powerfulforce in the food industry, and that might not be to everyone's taste. booker does not own these convenience stores but does own the brands and its supplies of food for the thousands of independent retailers who run them. i think some independent retailers will be concerned about the idea of trading with some company that is ultimately their biggest competitor as well. others will say, well, look, you may get better prices out of this. cheaper prices from the newly—merged group which get passed on to the retailer and the customer. either way it is a big bold move and it will face scrutiny from the competition authorities before this deal reaches the checkout. this is bbc news. the headlines: us president donald trump and britain's prime minister have pledged allegiance to the two countries' "special relationship", as theresa may became the first world leader to visit the white house. president trump later signed an executive order
tesco was already big. with this deal, it will become an even more powerfulforce in the food industry, and that might not be to everyone's taste. booker does not own these convenience stores but does own the brands and its supplies of food for the thousands of independent retailers who run them. i think some independent retailers will be concerned about the idea of trading with some company that is ultimately their biggest competitor as well. others will say, well, look, you may get better...
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Jan 28, 2017
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tesco is already big. with this deal, it will become an even more powerfulforce in the food industry, and that might not be to everyone's taste. booker does not own these convenience stores but does own the brands and its supplies of food for the thousands of independent retailers who run them. i think some independent retailers will be concerned about the idea of trading with some company that is ultimately their biggest competitor as well. others will say, well, look, you may get better prices out of this. cheaper prices from the newly—merged group which get passed on to the retailer and the customer. either way it is a big bold move and it will face scrutiny from the competition authorities before this deal reaches the checkout. coming up next, our world: black in trump's america. in the final week of the obama presidency, a louisiana high school marching band rehearses for the big day. we do not see colour, race, gender or ethnicity. we see potential. they are one of ten school bands chosen to play a
tesco is already big. with this deal, it will become an even more powerfulforce in the food industry, and that might not be to everyone's taste. booker does not own these convenience stores but does own the brands and its supplies of food for the thousands of independent retailers who run them. i think some independent retailers will be concerned about the idea of trading with some company that is ultimately their biggest competitor as well. others will say, well, look, you may get better...
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m&s, john lewis and tesco. plans coming up. plans for a billion pound project to use the tides in swansea bay to generate electricity are backed by a senior government advisor. in sport: southampton lead liverpool in their league cup semi—final. nathan redmond gave the saints a 1—0 win in the first leg. warnings of icy weather. carol has the weather. good morning. is snow. and, ireland and northern england. some of us will stay dry with some sunshine. the south we have rain from the south—west moving east with hill snow. later on some of it will fall as sleet or snow at lower levels. i'll have more details in 15 minutes. thanks, carol. good morning. first, our main story. the us director of national intelligence has rejected suggestions made by donald trump that official agencies leaked claims russia had compromising material on him. in a statement, james clapper said he had called the president—elect to say the leak had not come from the intelligence services. 0ur washington reporter laura bicker has the story. donald
m&s, john lewis and tesco. plans coming up. plans for a billion pound project to use the tides in swansea bay to generate electricity are backed by a senior government advisor. in sport: southampton lead liverpool in their league cup semi—final. nathan redmond gave the saints a 1—0 win in the first leg. warnings of icy weather. carol has the weather. good morning. is snow. and, ireland and northern england. some of us will stay dry with some sunshine. the south we have rain from the...
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let's start with tesco. it took the last quarter of the year and the christmas period together, over that period, the year and the christmas period together, overthat period, its like—for—like sales rose 14%. not a bad performance although it tailed off a bit in the christmas week compared to last year. food sales did pretty well but what's interesting to me is that clothing sales were up 4.3%. you mentioned we had a trading statement from next last week. retailers like next have been struggling a bit but its statement showed a big increase in clothing sales. tesco's results look positive on the surface, but the markets don't seem that impressed, their shares are down this morning. moving on, let me show you this, this is what has happened to marks & spencer's share price this morning, up something like 8% at the opening, they have tailed off little bit, but still up 396. tailed off little bit, but still up 3%. that looks like investors are going through the nitty—gritty of what they were saying. so wh
let's start with tesco. it took the last quarter of the year and the christmas period together, over that period, the year and the christmas period together, overthat period, its like—for—like sales rose 14%. not a bad performance although it tailed off a bit in the christmas week compared to last year. food sales did pretty well but what's interesting to me is that clothing sales were up 4.3%. you mentioned we had a trading statement from next last week. retailers like next have been...
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tesco save rising cost of food. tesco save rising prices is and why they have done this deal, but imagine they are doing deals with suppliers, and now they are selling food to britain's biggest supermarket and we have the biggest supermarket and we have the biggest wholesaler there as well, it will change things. you have to dig down into the report and tesco says it recognises that to achieve the benefits it wants from the merger, there might be restructuring between there might be restructuring between the two companies. whether that meansjobs going the two companies. whether that means jobs going or the two companies. whether that meansjobs going or moving the two companies. whether that means jobs going or moving from different places, because booker, they are a big food wholesaler, but they are a big food wholesaler, but they also own londis, budgens. competition for the small tesco expresses. dave lewis says he doesn't expect there to be issues, but there will be questions about whether it's good for customers
tesco save rising cost of food. tesco save rising prices is and why they have done this deal, but imagine they are doing deals with suppliers, and now they are selling food to britain's biggest supermarket and we have the biggest supermarket and we have the biggest wholesaler there as well, it will change things. you have to dig down into the report and tesco says it recognises that to achieve the benefits it wants from the merger, there might be restructuring between there might be...
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Jan 12, 2017
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the tesco ceo talking about inflationary pressure. inflationary pressure, evident in pork and cheese. he is talking about the fact that deflation in food prices is clearly easing. how does this work through 2017, because we are going to start to see -- you see it fresh, early, in the way the supply chains work, but you see it in the rest of the supply chains as well. how do they manage the inflationary story? how much gets passed on to -- how do they manage the inflationary story? how much gets passed on to consumers? we had premier foods this week saying they are trying to get pricing through as well. on the agricultural side, they can be quite a big lag. the structureges of agriculture, particularly in british farming. as prices rise, people try to herds, porke dairy production back on swing. there is quite a lag. this year,t be up 5% and primark modi inflation will be very much on the agenda, so cross, you know, virtually every single sector of retail, deflation is easing and reflation will come back into effect during the course o
the tesco ceo talking about inflationary pressure. inflationary pressure, evident in pork and cheese. he is talking about the fact that deflation in food prices is clearly easing. how does this work through 2017, because we are going to start to see -- you see it fresh, early, in the way the supply chains work, but you see it in the rest of the supply chains as well. how do they manage the inflationary story? how much gets passed on to -- how do they manage the inflationary story? how much gets...
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tesco added 12,000 people over the year. morrisons added in customer service desks and greeting staff, which really pa id desks and greeting staff, which really paid off, where people were able to listen to customers and the number of things. the second thing is they added some of those solutions they didn't have last year, whether it be a festive party solution, he ideas on how to decorate your home. thirdly, they started to do is take the time to invest in making sure that people we re invest in making sure that people were trained well to listen and respond to customers. we have seen a fall in the pound, well that impact how shoppers behave in supermarkets this year? in the last few months we have heard from unilever who had a battle with supermarkets overpricing. is that something that will continue? the pressure right now is definitely on suppliers trying to bring in goods from outside the uk into the uk at the same price as they were before. that would be very difficult to do given that costs are much higher with the l
tesco added 12,000 people over the year. morrisons added in customer service desks and greeting staff, which really pa id desks and greeting staff, which really paid off, where people were able to listen to customers and the number of things. the second thing is they added some of those solutions they didn't have last year, whether it be a festive party solution, he ideas on how to decorate your home. thirdly, they started to do is take the time to invest in making sure that people we re invest...
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Jan 27, 2017
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tesco-booker -- a deal that but -- caught many by surprise. and analysts said it is a game-changing deal. it came completely from left field. andrea will tell us more. love this chart -- love divergence. equity volatility is low. investors are preparing for more turmoil ahead as european elections come to the four. the white line, three months. blue line, looks at euro volatility. futures betting on swings in the euro stocks. trade at a record high relative -month contract. equities are carrying the highest risk premium across asset classes. v i brought that up today in otc, i know i would win, but me and you are judging. vonnie: it is friday. we get to judge together. teamwork. i am looking for a dollar index, which you would not know but is headed for its weekly decline. you can see the 10-year yield is the to 2.50%, back below 2.52 cents mark. the russian ruble -- 5.2% mark. the russian ruble is lower. not know what the russian bank will think about that. the mexican peso above 21. more weakness for the peso. country market movers and look
tesco-booker -- a deal that but -- caught many by surprise. and analysts said it is a game-changing deal. it came completely from left field. andrea will tell us more. love this chart -- love divergence. equity volatility is low. investors are preparing for more turmoil ahead as european elections come to the four. the white line, three months. blue line, looks at euro volatility. futures betting on swings in the euro stocks. trade at a record high relative -month contract. equities are...
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Jan 12, 2017
01/17
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meanwhile, tesco says its autumn sales were up by 1.8%. and john lewis has reported a 2.7% rise in sales over the christmas trading period. vishala sri pathma is at a shopping centre in essex for us. good morning to you. that's the first of all at m&s at tesco. they have both had some challenging times lately. tell us about how they have done and they ran done in the row to christmas. i am here at the lakeside shopping centre in texas. a few shoppers about. marks & spencer had an —— essex. they had a hike in sales including the first time in yea rs. sales including the first time in years. they put it down to range and availability. to christmas 2015 wasn't great for that particular section, marks & spencer homeware and clothing was down about 5.8%. they said the better range and availability help them. they also pointed to how christmas fell in 2016. it was on sunday so it meant more shopping days so more time for us more shopping days so more time for us to spend our money. tesco's also reported steady progress as they called it. the
meanwhile, tesco says its autumn sales were up by 1.8%. and john lewis has reported a 2.7% rise in sales over the christmas trading period. vishala sri pathma is at a shopping centre in essex for us. good morning to you. that's the first of all at m&s at tesco. they have both had some challenging times lately. tell us about how they have done and they ran done in the row to christmas. i am here at the lakeside shopping centre in texas. a few shoppers about. marks & spencer had an ——...
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Jan 12, 2017
01/17
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at tesco, third quarter u.k. comparable sales excluding fuel and vap came in as a rise, of rise of 1.8%. 1.7%.timate was for we did a line that it was 1.7%. a quick correct on that. anna: let's get the bloomberg business flash. juliette: johnson & johnson has candidly agreed with actelion to acquire the company. according to people with knowledge of the matter. -- arey talks about focused on a unit that would house the research and development assets and a deal could be finalized as soon as this month. johnson & johnson declined to comment while a spokesman for actelion did not immediately respond for comment. a former barclays director has been jailed for five months in the u.s. for passing inside information to a plumber for cash and free work. stephen mcclatchy plated guilty for offering tips that were used to make 10 in legal traits that brought in $76,000. pleaded guiltyo and worked with prosecutors against mcclatchy. hsbc will pay $45 million to settle the price-fixing case in the u.s.. over claims of price
at tesco, third quarter u.k. comparable sales excluding fuel and vap came in as a rise, of rise of 1.8%. 1.7%.timate was for we did a line that it was 1.7%. a quick correct on that. anna: let's get the bloomberg business flash. juliette: johnson & johnson has candidly agreed with actelion to acquire the company. according to people with knowledge of the matter. -- arey talks about focused on a unit that would house the research and development assets and a deal could be finalized as soon as...
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Jan 12, 2017
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on christmas eve, tesco was serving 266 customers a second. if you look at the picture, on the whole it looks like retailers have done pretty well. some had 0k christmases, some had really good christmases. what that means is that consumers as a whole have gone out and spent a lot in the shops. here is where the real growth is. 0nline. today, asos reported a huge surge in sales. and john lewis, a whopping 40% of its business this year came from internet sales. but these department stores are also costly to run. although festive trading has been decent, the staff bonus will be lower this year. the chairman told me that he is preparing for challenging times ahead. there are pressures on costs, pressures on prices, and those things are happening, and we have a consumer, who knows what happens next year, but the predictions are that we will see a slowdown in the growth in consumer income. christmas was not sparkling but spending was solid overall. the questionnaires, can it be maintained? —— the question is. dozens of flights of been cancelled
on christmas eve, tesco was serving 266 customers a second. if you look at the picture, on the whole it looks like retailers have done pretty well. some had 0k christmases, some had really good christmases. what that means is that consumers as a whole have gone out and spent a lot in the shops. here is where the real growth is. 0nline. today, asos reported a huge surge in sales. and john lewis, a whopping 40% of its business this year came from internet sales. but these department stores are...
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Jan 3, 2017
01/17
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tesco had been charging twice as much for the female version. that is because they said the men's razors were sold with greater volume. today, they lowers the price of the female model to $1.25 for a five-pack. last year, a newspaper investigation found that women were charged about 37% more for clothes and other goods in the uk. anne-marie. >> it's amazing how much it costs to turn something pink instead of blue. >> yeah, not fair. >> yeah, right. jill wagner at the new york stock exchange. thanks a lot, jill. >>> still ahead, a last-second thriller. the trojans fight until the very end against penn state for the rose bowl championship. end against penn state for the rose bowl championship. ok can we... sfx: (balloon squeals) i'm being so serious right now... i really want to know how your coffee is. it's... sfx: (balloon squeals) hahahaha, i had a 2nd balloon goodbye! oof, that milk in your coffee was messing with you, wasn't it? yeah. happens to more people than you think. try lactaid, it's real milk, without that annoying lactose. mmm. good
tesco had been charging twice as much for the female version. that is because they said the men's razors were sold with greater volume. today, they lowers the price of the female model to $1.25 for a five-pack. last year, a newspaper investigation found that women were charged about 37% more for clothes and other goods in the uk. anne-marie. >> it's amazing how much it costs to turn something pink instead of blue. >> yeah, not fair. >> yeah, right. jill wagner at the new york...
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Jan 12, 2017
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. >>> a different picture for tesco. shares dipping after sales growth of 0.7% fail so impress investors. and clack action. shares of novo nordisk sink after a u.s. law firm files suit against the danish drugmaker over allegations of concealing pricing pressures in its earnings release. good morning. welcome to "street signs." we want to kick off with breaking data out of germany for the full 2016 gdp data. we are looking at an increase of gdp of 1.9% year on year. some forecasts were looking for something as high as 2%. looking at the components breaking down the picture, private consumption higher by 2%. government spending by 4.2%. now, looking at the household consumption, that was also 2% higher on the year. this follows disappointing retail data we had out a while ago from germany. overall the gdp figure is higher by 1.9%. that compares to a forecast coming from reuters for 1.8%. when you look at the comparison, this figure slightly ahead of expectations. >>> let's talk a bit also about oil. we have some flashes co
. >>> a different picture for tesco. shares dipping after sales growth of 0.7% fail so impress investors. and clack action. shares of novo nordisk sink after a u.s. law firm files suit against the danish drugmaker over allegations of concealing pricing pressures in its earnings release. good morning. welcome to "street signs." we want to kick off with breaking data out of germany for the full 2016 gdp data. we are looking at an increase of gdp of 1.9% year on year. some...
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Jan 12, 2017
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tesco's sales were up today and other supermarkets have also had a good season. but fashion is more of a mixed bag. next had a poor christmas. the big surprises? marks & spencer. with the help of mrs claus, clothing sales grew for the first time in two years, up by more than 2%. a real present. it's brought down clothing prices. it has also focused on getting the price right the first time, so when you buy something, there's less risk of the price being reduced in a couple of weeks. on the whole, christmas turned out ok. but retailers are much more worried about what lies ahead. john lewis had a decent christmas. a0% of its sales were via the internet. with shopping habits changing fast, it says it needs to invest more online and prepare for the impact of a weaker pound. there are pressures on costs. there's pressures on prices. and those things are happening and you've got the consumer. who knows what happens next year, but the predictions are we're going to see a slowdown in the growth of consumer income. for retail, 2016 ended on a positive note. the question
tesco's sales were up today and other supermarkets have also had a good season. but fashion is more of a mixed bag. next had a poor christmas. the big surprises? marks & spencer. with the help of mrs claus, clothing sales grew for the first time in two years, up by more than 2%. a real present. it's brought down clothing prices. it has also focused on getting the price right the first time, so when you buy something, there's less risk of the price being reduced in a couple of weeks. on the...
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Jan 10, 2017
01/17
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morrison, tesco -- will bid this morning. another is trading to the downside but it is a very expensive stock. matt: i am looking at which stocks are moving up and down with the mmr screen. , we seemook at mmr moves in terms of percentage and not in terms of what they are adding or taking from the stoxx 600. morrison is up at the top. even though the british love their supermarkets so much, i have to point out that it is worth less than $6 billion in market cap. it is still not a massive stock tesco, also gaining today. also worth 17 billion pounds. i was surprised that the morrison cap climbed over spencer. withhose of us obsessed grocers, today is an exciting day. guy: i will quote you napoleon. he was not wrong. we are becoming a nation of shoppers and not shopkeepers. matt: i see, shopkeepers. that is where the obsession comes from. i want to turn to my wcrs screen. dollars left over from my life in the u.s. and i want to point out that emerging-market currencies in the last six months, the mexican peso is the second wors
morrison, tesco -- will bid this morning. another is trading to the downside but it is a very expensive stock. matt: i am looking at which stocks are moving up and down with the mmr screen. , we seemook at mmr moves in terms of percentage and not in terms of what they are adding or taking from the stoxx 600. morrison is up at the top. even though the british love their supermarkets so much, i have to point out that it is worth less than $6 billion in market cap. it is still not a massive stock...
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Jan 27, 2017
01/17
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. , tormation on tesco purchase about 3.7 billion pounds. this is going to be offered at 0.861 new tesco chip -- shares. stock cashy much a element. buying that other retailing business of a much smaller variety in the u.k.. the deal is expected, the merger will be beneficial to metrics. it will provide a mix and match facility. more details coming out about booker this morning and tesco's purchase of it. once get the first word news. juliette: thank you. pushedxican relations closer to a trade war. tripresident scrapped his to washington after donald trump --bled down to read right rewrite nafta. the trump administration retaliated to the cancellation by floating the idea of imposing a 20% chance of all mexican imports. ubs profit tripled in the fourth rally infter a equities boosted the unit and wealth management. bloomberg's manus cranny spoke to the ceo. >> the most important thing for me is to see our clients are optimistic. there is a little bit of positive momentum, particularly with u.s. investors. turningthis could be a point, but i
. , tormation on tesco purchase about 3.7 billion pounds. this is going to be offered at 0.861 new tesco chip -- shares. stock cashy much a element. buying that other retailing business of a much smaller variety in the u.k.. the deal is expected, the merger will be beneficial to metrics. it will provide a mix and match facility. more details coming out about booker this morning and tesco's purchase of it. once get the first word news. juliette: thank you. pushedxican relations closer to a trade...
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Jan 4, 2017
01/17
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tesco also down today. in the coming days, christmas reports from tesco. 2017 is ringing the alarm bell for the rest of the sector. that said, not all retailers are finding business difficult. looking at the nm european value retailer, this is a u.k. discounter. it said it expects to meet profit.estimates for those shares rallying up the back of that. guy. guy: that is talk about what is happening with oil. what a difference a year makes. it is trading in the wake of the opec orchestrated agreement. it is beginning to kick in. oft is twice the price january slow, $28 a barrel. joining us, jason. good morning. i'm going to start off with what is happening more fundamentally in oil. it is on.e brink of explain why. see is still au material weakness which is in the spot market, a lot of wheelaround. a surplus of cargo in places like libya and nigeria perhaps, and as we go into the curve, you see this dip and the dip in the middle is coming from producer hedging, people taking advantage of higher prices to sell
tesco also down today. in the coming days, christmas reports from tesco. 2017 is ringing the alarm bell for the rest of the sector. that said, not all retailers are finding business difficult. looking at the nm european value retailer, this is a u.k. discounter. it said it expects to meet profit.estimates for those shares rallying up the back of that. guy. guy: that is talk about what is happening with oil. what a difference a year makes. it is trading in the wake of the opec orchestrated...
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Jan 27, 2017
01/17
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tesco's share price rises sharply after the supermarket chain says it's buying the food wholesaler booker, including its chains of convenience stores. an update on the market numbers for you. for viewers expecting the film review with mark kermode, it'll be on at 9:16 on bbc news channel this evening because we're waiting for this joint press conference between prime minister theresa may and president trump. that is where they are going to be. barbara, do we have any idea what is going on? we have some idea, because we are getting photographs and reports. we know that mr trump met theresa may at the door, kind of unusual protocol here. she is in the oval office, she was photographed signing her name in the guestbook, the first name in the foreign visitors' guestbook for president trump. they got a photograph taken, standing either side of the bust of winston churchill. president obama removed that when he was here and mr trump has returned at. he moved the bmp trump has returned at. he moved the lamp so that reporters could get a better shot. he said it was a real honour to have him back.
tesco's share price rises sharply after the supermarket chain says it's buying the food wholesaler booker, including its chains of convenience stores. an update on the market numbers for you. for viewers expecting the film review with mark kermode, it'll be on at 9:16 on bbc news channel this evening because we're waiting for this joint press conference between prime minister theresa may and president trump. that is where they are going to be. barbara, do we have any idea what is going on? we...
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Jan 27, 2017
01/17
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he resigned in september 2015 tesco is making an acquisition. the u.k. supermarket leader has agreed to buy the number one u.k. food wholesaler booker group. the price tag, $4.6 billion. the deal will enable tesco to gain access to the fastest-growing market to supply restaurants and hotels. the bank of japan moves to purchase bonds in five and 10-years after benchmarks climbed. the level serves as the upper limit of its target range. the central bank also made clear it has less interest in containing yields on so-called super long bonds which have risen this month to the highest levels in a year. time now for our bloomberg quick take where we , provide context and background on issues of interest. of two centuries, the virtue free trade when almost unchallenged, but now it's the target of a populist backlash that is helped to propel donald trump to victory. fulfilling his campaign pledge to rewrite trade policy, president trump on january 23 sign in order to withdraw the u.s. from the transpacific partnership. the sweeping 12-ish impact that is known as
he resigned in september 2015 tesco is making an acquisition. the u.k. supermarket leader has agreed to buy the number one u.k. food wholesaler booker group. the price tag, $4.6 billion. the deal will enable tesco to gain access to the fastest-growing market to supply restaurants and hotels. the bank of japan moves to purchase bonds in five and 10-years after benchmarks climbed. the level serves as the upper limit of its target range. the central bank also made clear it has less interest in...
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Jan 12, 2017
01/17
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meanwhile, tesco says its third quarter sales were up by 1.8%. and john lewis has reported a 2.7% rise in like—for—like sales over the christmas trading period. it seems the any negative story so far this year have been a next dismore report and what we can confirm from asda's performance. overall it seems to be quite robust christmas for everyone. temperatures across the uk are expected to fall over the next couple of days, bringing the possibility of snow in some areas. the met office has issued yellow "be aware" warnings for much of the country. strong winds are also forecast. in scotland, snow and winds of 70 mph forecast throughout the day. plans for the uk's first hydroelectric tidal lagoon will take a significant step forward today. a report from the former energy minister charles hendy concludes that the technology can deliver a secure supply of clean energy, with swansea bay the front runner for the £1.3 billion project. roger harrabin has more. will this be the uk's latest source of low—carbon energy? the tides in swansea bay are
meanwhile, tesco says its third quarter sales were up by 1.8%. and john lewis has reported a 2.7% rise in like—for—like sales over the christmas trading period. it seems the any negative story so far this year have been a next dismore report and what we can confirm from asda's performance. overall it seems to be quite robust christmas for everyone. temperatures across the uk are expected to fall over the next couple of days, bringing the possibility of snow in some areas. the met office has...
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Jan 12, 2017
01/17
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tesco's sales were up today and other supermarkets have also had a good season. but fashion is more of a mixed bag. next had a poor christmas. the big surprises? marks & spencer. with the help of mrs claus, clothing sales grew for the first time in two years, up by more than 2%. a real present. it's brought down clothing prices. it has also focused on getting the price right the first time, so when you buy something, there's less risk of the price being reduced in a couple of weeks. on the whole, christmas turned out ok. but retailers are much more worried about what lies ahead. john lewis had a decent christmas. 40% of its sales were via the internet. with shopping habits changing fast, it says it needs to invest more online and prepare for the impact of a weaker pound. there are pressures on costs. there's pressures on prices. and those things are happening and you've got the consumer. who knows what happens next year, but the predictions are we're going to see a slowdown in the growth of consumer income. for retail, 2016 ended on a positive note. the question
tesco's sales were up today and other supermarkets have also had a good season. but fashion is more of a mixed bag. next had a poor christmas. the big surprises? marks & spencer. with the help of mrs claus, clothing sales grew for the first time in two years, up by more than 2%. a real present. it's brought down clothing prices. it has also focused on getting the price right the first time, so when you buy something, there's less risk of the price being reduced in a couple of weeks. on the...
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Jan 27, 2017
01/17
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shareholder also earn about 16% as tesco absorbs booker. bugle missed profit in the ourth quarter after spending on hardware. shares fell more than 2% in extended trading. that's the bloomberg business -- mark? mark: u.b.s. profit more than tripling in the fourth quarter. the bank putting aside less money for litigation. manus cranny is in zurich. he has been speaking to the u.b.s. chief executive. big beat. stock is down today. square that circle for us. manus: down 3.3%. we're watching what the analysts are saying. they have taken less of a litigation charge than the market anticipated. there is a number at practice here. transactions in the fourth quarter were at a record low. the question, ermotti and i chatted, there is a difference between optimism of trumpnomics and the reality. a seasonal adjustment for people squaring up their tax issues. transactions at a record low. those are the issues that the arket is focusing on they have not hit the bottom line in terms of transaction. there is a big theme cog. it is about what happens in am
shareholder also earn about 16% as tesco absorbs booker. bugle missed profit in the ourth quarter after spending on hardware. shares fell more than 2% in extended trading. that's the bloomberg business -- mark? mark: u.b.s. profit more than tripling in the fourth quarter. the bank putting aside less money for litigation. manus cranny is in zurich. he has been speaking to the u.b.s. chief executive. big beat. stock is down today. square that circle for us. manus: down 3.3%. we're watching what...
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Jan 27, 2017
01/17
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move, signaling tesco's intent and sense of purpose is back. swiss bank ubs has a four to 22% drop in net income for the fourth quarter of 2016, net -- compared toat monitor 49 million in the past years. improving investor confidence in the united states could boost its wealth management business this year. quarterly profits rise 3.6% at u.s. tech giant microsoft. revenues in the second quarter came in at $24 billion. the company says its acquisition of linkedin boosted revenue, but dragged on profits. microsoft has been shifting its dependence from software to broader services, including cloud computing. that's the business news. back to you, chris. chris: next up, the press review. time now for a look at what's making headlines in the papers in france. the presidential race is heating up, and the mainstream rights contender finds himself in hot water. reporter: he does. let's start with the front page or it. a rather clever jibe at the expense of the wife of the social right candidate. the phrase translates roughly as assisted by parliament,
move, signaling tesco's intent and sense of purpose is back. swiss bank ubs has a four to 22% drop in net income for the fourth quarter of 2016, net -- compared toat monitor 49 million in the past years. improving investor confidence in the united states could boost its wealth management business this year. quarterly profits rise 3.6% at u.s. tech giant microsoft. revenues in the second quarter came in at $24 billion. the company says its acquisition of linkedin boosted revenue, but dragged on...
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Jan 27, 2017
01/17
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tesco up 9%, booker group up about 16%. in the banking sector, ubs falling, despite net profit falling, total operating income at its wealth management unit falling 5% in the fourth quarter. credit suisse also falling in today's trade. overall we're looking at european stocks set to end the week higher but still underperforming u.s. stocks in 2017. european stock index up 1.3%, the s&p 500 up about 2.5%. kayla? >> thanks so much, seema. >>> straight ahead on "squawk alley," we'll speak with the head of microsoft's commercial business on the heels of an impressive quarter. his take on the business and the competition, coming up. >>> plus, the mayor of los angeles on the record when it comes to president trump and a trade war with mexico. his take, coming up next. >>> i'm morgan brennan with your "cnbc news update" this hour. a senior iranian clerk is warning president trump not to make mistakes in identifying terrorists, this during friday prayer services in tehran. the cleric also called on trump to refrain from warmongerin
tesco up 9%, booker group up about 16%. in the banking sector, ubs falling, despite net profit falling, total operating income at its wealth management unit falling 5% in the fourth quarter. credit suisse also falling in today's trade. overall we're looking at european stocks set to end the week higher but still underperforming u.s. stocks in 2017. european stock index up 1.3%, the s&p 500 up about 2.5%. kayla? >> thanks so much, seema. >>> straight ahead on "squawk...
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Jan 27, 2017
01/17
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--had tesco and burgers tesco and booker. this deal valued at $4.6 billion, a 12% premium to booker 's close yesterday. the deal could face potential antitrust scrutiny. but it may surprise many analysts as well. no one had expected something like this, but now we have to turn to regulators to see what we are going to get from them. let's get an update on what is making headlines outside the business world. in the chandra is here with "first word news." emma: theresa may becomes the first foreign leader to meet president trump at the white house. yesterday she embraced trump as a friend and ally but cautioned him not to turn his back on long-established political values and global institutions. she said they can lead together again in the world. coming up at 1:00 p.m. eastern time, trump and may hold a joint press conference. we will bring you that live on bloomberg. vladimir putin is set to speak with u.s. president donald trump iphone over the weekend. it is set for tomorrow. he congratulated trump after his victory shortly
--had tesco and burgers tesco and booker. this deal valued at $4.6 billion, a 12% premium to booker 's close yesterday. the deal could face potential antitrust scrutiny. but it may surprise many analysts as well. no one had expected something like this, but now we have to turn to regulators to see what we are going to get from them. let's get an update on what is making headlines outside the business world. in the chandra is here with "first word news." emma: theresa may becomes the...
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Jan 10, 2017
01/17
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sainsbury, tesco, and others this week. an. boris johnson, who's visiting washington, says he's confident britain will be first in line for a trade deal with the new us administration. the foreign secretary has been meeting senior republican politicians who've promised to make a us—uk trade deal a priority, barack 0bama warned in april that the uk would be at the back of the queue if voters chose brexit. police in northamptonshire have closed a stretch of the m1 motorway after a body was found in the road in the early hours of the morning. the northbound carriageway between junctions 16 and 17, near northampton and rugby, was shut following the discovery and is expected to remain closed for most of today. police are investigating the circumstances of the death. the british and irish governments say they're going to work to try to find a solution to the most serious political crisis in northern ireland in a decade. yesterday, the deputy first minister, sinn fein‘s martin mcguinness resigned. it came after weeks of tensions b
sainsbury, tesco, and others this week. an. boris johnson, who's visiting washington, says he's confident britain will be first in line for a trade deal with the new us administration. the foreign secretary has been meeting senior republican politicians who've promised to make a us—uk trade deal a priority, barack 0bama warned in april that the uk would be at the back of the queue if voters chose brexit. police in northamptonshire have closed a stretch of the m1 motorway after a body was...
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Jan 12, 2017
01/17
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on christmas eve, tesco was serving 266 customers a second. if you look at the picture, on the whole it looks like retailers have done pretty well. some had ok christmases, some had really good christmases. what that means is that consumers as a whole have gone out and spent a lot in the shops. here is where the real growth is. online. today, asos reported a huge surge in sales. and john lewis, a whopping 40% of its business this year came from internet sales. but these department stores are also costly to run. although festive trading has been decent, the staff bonus will be lower this year. the chairman told me that he is preparing for challenging times ahead. there are pressures on costs, pressures on prices, and those things are happening, and we have a consumer, who knows what happens next year, but the predictions are that we will see a slowdown in the growth in consumer income. christmas was not sparkling but spending was solid overall. the question is, can it be maintained? files on 23 people and organisations involved in the 1989 hill
on christmas eve, tesco was serving 266 customers a second. if you look at the picture, on the whole it looks like retailers have done pretty well. some had ok christmases, some had really good christmases. what that means is that consumers as a whole have gone out and spent a lot in the shops. here is where the real growth is. online. today, asos reported a huge surge in sales. and john lewis, a whopping 40% of its business this year came from internet sales. but these department stores are...
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Jan 25, 2017
01/17
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tesco shares down 1% today in london. you may well remember the accountancy scandal in 2014. the financial times says the supermarket chain could be facing a second legal claim as a consequence of that. that is on the website. rio tinto doing well today in london. you're watching business live. our top story: as president trump tells carmakers to build more vehicles in the usa, mexican leaders head to washington as they try to keep the border open for business and concede that might mean altering the nafta free trade deal. a quick look at how the markets are faring. they are all higher for now. it has been quite a week this week. up and down. today a combination of earnings and a good session in asia and the us helping. and now let's get the inside track on how the world's top business leaders get around. we're talking corporate jets and private planes. they can be the fastest way to get between back to back meetings in different countries. we do that all the time! but the market is difficult for some. jet inventory is rising, as manufacturers churn out hundreds ofjets a year
tesco shares down 1% today in london. you may well remember the accountancy scandal in 2014. the financial times says the supermarket chain could be facing a second legal claim as a consequence of that. that is on the website. rio tinto doing well today in london. you're watching business live. our top story: as president trump tells carmakers to build more vehicles in the usa, mexican leaders head to washington as they try to keep the border open for business and concede that might mean...
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Jan 2, 2017
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from here you can see tesco, on the other side you have sainsbury‘s. five years ago i thought we would have to close and forget it. the supermarkets were getting stronger. we were weaker. we didn't have enough staff. but it now seems to have a winning formula. luring customers with bespoke offerings from local organics to homemade curries. come here, iwill show from local organics to homemade curries. come here, i will show you aladdin's cave. all the foods you can buy from the world, spices. people want to eat healthy. recession can come and go. one thing people won't cut too much is on food. you have all the vegetables possibly you can get. this is what you were on about. my favourite. and the chillies. they are there. all different types. 40 years ago, if i had an english customer and there was a couple of chillies left in the basket i would say you can have it, they would say, no, we don't eat it. today english customers will buy a kilo, people have changed. they know a lot more. they know what spices to buy. the corner shop has constantly reinvent
from here you can see tesco, on the other side you have sainsbury‘s. five years ago i thought we would have to close and forget it. the supermarkets were getting stronger. we were weaker. we didn't have enough staff. but it now seems to have a winning formula. luring customers with bespoke offerings from local organics to homemade curries. come here, iwill show from local organics to homemade curries. come here, i will show you aladdin's cave. all the foods you can buy from the world, spices....
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Jan 11, 2017
01/17
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sainsbury‘s today which was good and tomorrow we get marks & spencer's and debenhams and tesco. at the end of tomorrow we conclude whether in the uk it was a good christmas or bad christmas for retailers. reports that wall mart in the us is trying to restrict ture. —— restrict ture. richard will be back in about five minutes. he's not done yet. we have got some good stories to discuss including the hushmie! we've got a story that comes out of a movie. our next guest is feeding babies around the world. the supermarket sainsbury‘s said it had a record christmas week as it releases its latest trading update. the company said it saw 30 million transactions and £1 billion of sales. theo leggett is in our business newsroom. so a good christmas then, but was it all good news? well, if you look at the market reaction, investors are certainly impressed. i like having a spectacular graph. look at this one. sainsbury‘s shares up nearly 8.5% so far this morning because analysts we re far this morning because analysts were expecting the figures to be worse. on the surface, as you sa
sainsbury‘s today which was good and tomorrow we get marks & spencer's and debenhams and tesco. at the end of tomorrow we conclude whether in the uk it was a good christmas or bad christmas for retailers. reports that wall mart in the us is trying to restrict ture. —— restrict ture. richard will be back in about five minutes. he's not done yet. we have got some good stories to discuss including the hushmie! we've got a story that comes out of a movie. our next guest is feeding babies...
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Jan 3, 2017
01/17
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KRON
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tesco defended the pricing arguing it sells far more men's razor. making it easier to keep the prices low. the retailer will now be charging both products at the men's razor price. a police chase in los angeles took an unusual turn when the suspect stopped and started waving. the driver of a dark-colored sedan led officers on a chase through the san fernando valley monday. there were reports he had been brandishing a gun. police chased him for about 90 minutes. he finally pulled over and started walking backwards. it's beautiful. was it a hard place to get to? (laughs) it wasn't too bad. with the chase mobile app, jimmy chin can master depositing his hard earned checks in a snap. easy to use chase technology for whatever you're trying to master. there's >> reporter: few things a you can do set up automatic savings account every time you get paid little goes into savings to get rid of that paid more than the minimum amount on your credit-card pay off the balance of the card with highs interest-rate first this unless put together a budget check your s
tesco defended the pricing arguing it sells far more men's razor. making it easier to keep the prices low. the retailer will now be charging both products at the men's razor price. a police chase in los angeles took an unusual turn when the suspect stopped and started waving. the driver of a dark-colored sedan led officers on a chase through the san fernando valley monday. there were reports he had been brandishing a gun. police chased him for about 90 minutes. he finally pulled over and...
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Jan 13, 2017
01/17
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BBCNEWS
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i think all those retailers, tesco, morrisons, all warning about food inflation this year. will that hit sales? i think it will, the return of inflation, i think it will dampen sales by the end of the year, all of the retailers are cautious. james green, a lwa ys retailers are cautious. james green, always a pleasure, have a great weekend, we will see you very soon. still to come... it's a week to go until donald trump's inauguration as president, but are we any clearer about his economic policies? you're with business live from bbc news. foreign visitors spent over £725 million on british high streets in december, as the weakened pound prompted an influx of bargain—hunting ‘brexit tourists' to the uk over the christmas period. that's according to data from worldpay, who say spending on foreign cards was up by 22% in december, with high—end boutiques and department stores in london among the biggest beneficiaries. let's get more with theo leggett. he is not necessarily in our flashy newsroom today, are you? know, just a bunch of screens behind you. iamat a bunch of s
i think all those retailers, tesco, morrisons, all warning about food inflation this year. will that hit sales? i think it will, the return of inflation, i think it will dampen sales by the end of the year, all of the retailers are cautious. james green, a lwa ys retailers are cautious. james green, always a pleasure, have a great weekend, we will see you very soon. still to come... it's a week to go until donald trump's inauguration as president, but are we any clearer about his economic...
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Jan 27, 2017
01/17
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BBCNEWS
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the uk's largest retailer, tesco, is to buy britain's largest food wholesaler, booker, in a deal worth nearly £4 billion. booker supplies everything from baked beans to tea bags to 700,000 convenience stores, grocers, pubs and restaurants and also owns budgens and londis. the firms said the deal would create the uk's leading food business. here's our business correspondent emma simpson. hello. you wouldn't drive drunk but inside out, we are always a step ahead. first, driving tired can bejust as dangerous as string driving. a recent online survey of more than 1100 junior doctors, a1% admitted falling asleep behind the wheel following a night shift, so is it time we all woke up to the danger?” know of for colleagues who died within my first two years of qualifying. all were driving home after shifts. i have an 11-month-old daughter and i continually worry about having an accident.” daughter and i continually worry about having an accident. i was driving in the slow lane on the motorway, then woke up in the fast lane. these are genuine testimonies from junior doctors currently worki
the uk's largest retailer, tesco, is to buy britain's largest food wholesaler, booker, in a deal worth nearly £4 billion. booker supplies everything from baked beans to tea bags to 700,000 convenience stores, grocers, pubs and restaurants and also owns budgens and londis. the firms said the deal would create the uk's leading food business. here's our business correspondent emma simpson. hello. you wouldn't drive drunk but inside out, we are always a step ahead. first, driving tired can bejust...
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Jan 11, 2017
01/17
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we have tesco as well. are you on tomorrow? your mac i tesco as well. are you on tomorrow? yourmac i am. tesco as well. are you on tomorrow? your mac i am. ——i am. for the first time, the attorney general will set out the legal factors that need to be considered before military action is taken against terror suspects abroad. in a speech, jeremy wright qc will say the uk must have the right to use lethal force in self—defence in order to deal with the increased threat. ben bland reports. technology. in many ways it makes life easier for us but also easier for those who want to do us harm. that is the warning from the government's top legal advisor. spies like those at gchq can gather intelligence and warn if an attack is likely. the law allows the uk to use force and self defence if it is attacked but also to prevent an attack before it happens. on that basis, the uk used one of these, an unmanned drone, to kill a britishjihadist in syria in september 2015. reyaad khan from cardiff was the target and a second uk national, rahulamin, also died. at the time, ministers sa
we have tesco as well. are you on tomorrow? your mac i tesco as well. are you on tomorrow? yourmac i am. tesco as well. are you on tomorrow? your mac i am. ——i am. for the first time, the attorney general will set out the legal factors that need to be considered before military action is taken against terror suspects abroad. in a speech, jeremy wright qc will say the uk must have the right to use lethal force in self—defence in order to deal with the increased threat. ben bland reports....
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Jan 27, 2017
01/17
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the uk's largest retailer, tesco, is to buy britain's largest food wholesaler, booker, in a deal worth nearly £4 billion. booker supplies everything from baked beans to tea bags to 700,000 convenience stores, grocers, pubs and restaurants and also owns budgens and londis. the firms said the deal would create the uk's leading food business. here's our business correspondent emma simpson.
the uk's largest retailer, tesco, is to buy britain's largest food wholesaler, booker, in a deal worth nearly £4 billion. booker supplies everything from baked beans to tea bags to 700,000 convenience stores, grocers, pubs and restaurants and also owns budgens and londis. the firms said the deal would create the uk's leading food business. here's our business correspondent emma simpson.