vodafone agreed to merge with i.d.th a valuation of $32.2 billion and vodafone and cellular will equally own the venture. we've seen the stock go back and forth and is now stabilizing and a.b. foods gaining, one of the best performances on the stock 600 after it was raised to buy at goldman sachs and risen in more than a month today and hit a more than two month high. matt? matt: thanks very much, nejra. let's get a word on what's happening around the world with our first news around the world. julian: chinese prices rose in most cities despite restrictions by transactions by authorities. new home prices and 66-70 cities by the government compared to 45 in january. on friday, beijing city raised down payment requirements for second homes by 10 percentage points between 60% and 80% in an attempt to cull prices. merkel and abe have called for a concerted effort to defend free trade. two days after merkel held what is seen as inconclusive talks with u.s. president donald trump in washington. she and abe said global market

what does this mean for vodafone?lion,has nearly $7 it has written down $5 billion and has been consistently losing money. deteriorating financial health of the telecom sector as a whole, this is an opportunity a sense,lt int-- in put them in a better position, and hopefully they will start making money. but this is a big one as far as consolidation is concerned. anna: a big one for consolidation. how does this merger change the dynamics in india's telecom sector? can you give a few clues? >> to financial health of the sector has not been good at all. many have been bleeding for a long time. india's richest man thinks the worst, so you now have picking up in business. they are merging with another telecom player, and now comes the big one. hopefully it means they will become more competitive in will start making money. anna: harsha, thank you very much. our executive producer in india, joining us on the megamerger in the telecom space. 6:43 in london. if you are a bloomberg customer, you can watch the tv show on a reg

and two of india's largest telecoms firms, vodafone india and idea cellular, are merging to become india'sargest telecoms operator. welcome to world business report. a very warm a very warm welcome. i'm sally bundock. also in the programme, the president of uber says he is leaving the company after less than six months in the job. we'll have the details in a moment. but first: one thing that all businesses have in common, regardless of what they do, is advertising. making yourself known brings in customers and their cash. but advertising can also be a sizeable investment, and whatever size of business you have, you don't want to be ripped off. that's bound to be discussed at one of the industry's big annual events starting in london in the next few hours. so, how much is spent on advertising? worldwide, across all forms of media, it's estimated to be but where companies chose to spend their ad dollars is changing. about 38% went on traditional tv adverts last year with 36% on digital platforms. this year, on—line ads are set to become the biggest slice of the advertising pie. but the platf

vodafone and idea cellular will become the largest operator in india as they merge. month since the start of a renewed offensive to re—take iraq's second city from the islamic state group, we have a special report on the plight of the people of mosul. many thousands have fled the fighting, but the half a million people still there are facing a new battle to survive. our middle east correspondent, orla guerin, has seen 555 55555555 55 5 555—5555 from the edge of the al mansur district of western mosul. in the clamour for help, many go empty—handed. gunfire. the gunfire from iraqi soldiers trying to control the crowd at an aid distribution. gunfire. survivors of the caliphate, now at risk from hunger. troops, not keen for the chaos to be caught on camera. in the distance, smoke from an is car bomb. the front line is just a mile away. but those who flee the fighting here end up in overcrowded camps. there are no good options for the people of western mosul. you can see here the utter desperation in this area. have come here. they say they have no running water, no elect

vodafone india & idea cellular are merging to become the country's largest operator. we'll cross live to mumbai for the latest. and it's a quiet day for corporate and economic news after the excitement of last week's fed rate rise. we'll look at what's moving the numbers and why. also in the programme, we'll be visiting the new silk road. it spans 7,500 miles, but how will businesses capitalise on the new train link between asia and europe? it's the un's international day of happiness. norway has come out top in the world happiness index overtaking let us know what makes you happy in yourjob? just use the hashtag bbcbizlive. welcome to the programme. it's the lifeblood of firms. if people don't know you exist, or what you do, you'll struggle to make much money. but advertising also costs money. so how do firms make sure they're spending it in the right place and attracting the right customers? that's top of the agenda for the industry's big annual get—together in london this morning. so how much is spent on advertising? around the world, across all forms of media it's

vodafone led the complaints against bt and there are hundreds of other firms which provide phone and link them swiftly to national networks. businesses expect us to deliver on time and fix things on time. if we're not able to do that because the provider we use is unable to deliver on the agreed timescales that they would promise us that they would deliver on, then of course we let our customers down. and that is a problem. it means our brand is affected and those customers are financially impacted. bt said: there's an explosion in data and communication needs. bt is being blamed for holding uk business up and not making amends. simon gompertz, bbc news. the deadline to form a new devolved government in northern ireland looks likely to pass today without an agreement. sinn fein said the talks had run their course. let's speak to our ireland correspondent chris buckler. chris, four o'clock, this deadline, then what? yeah, well, simon, the assembly was meant to meet at midday today, that didn't happen. it is at four o'clock as you rightly say the deputy first minister are supposed to b

in fact we have heard not to of ideahe unification cellular and vodafone. david: absolutely.r relatively in favor of one of the groups, a 3% premium implied for idea, so from $113 as, back recently as wednesday last week. shery: that is it for this edition of "bloomberg markets: asia". ♪ >> new restrictions on flight headed to america. cruise on the rise as libya's major oil ports come back on stream. exports should resume within 10 days. >> the tel aviv stock exchange, new rules turning it into a four profit operation. >> the mixed messages among fed policymakers.

and follows accusations that it prioritised its own customers over rivals like sky, talktalk and vodafones in terms of a better service and faster broadband? technology correspondent rory cellan—jones reports. 90% of british homes can now get fast broadband but in this part of rural buckinghamshire, you can't get any connection at all from bt. gary, who has campaigned to get his village connected, thinks the company and its broadband division, 0penreach, are failing britain. they have a quasi monopoly on the market, and with a monopoly come reponsibilities. there should be a responsibility to connect every house in britain with broadband. now, after pressure from 0fcom, bt has agreed to separate from 0penreach, which will have its own boss and board. the regulator had been urged to act by other firms unhappy with the broadband supplier's performance. they, like us as a regulator, have been concerned that 0penreach has not been performing well enough, broadband has not been good enough. and they see the greater independence as a great means for 0penreach to operate with the interests of th

vf, higher-year old and vodafone. a utility, industrial and drug company. than -- >> hallelujah! will your business be ready when growth presents itself? american express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services a winter weather emergency... governor has declared announcer: soon, insurance companies won't pay for damages, that is, not if they can help prevent damages from happening in the first place. at cognizant, we're turning the industry known for processing claims, into one focused on prevention with predictive analytics... helping them proactively protect the things that matter most. get ready. because we're helping leading companies lead with digital. >>> it's very tough. i don't think it's finished but you ought to wait for it to settle. i like to say there's always a bull market somewhere. i promise to try to find it just for you ri

vodafone has struck a deal to with idea cellular. will create one of the world's largest telecoms companies. 45.1% of the own group. create india's largest telecoms group. at uber as the president quits after less than a year on the job. after manyn comes controversies at the company including charges of sexism and sexual harassment. founder had previously announced he was looking for a chief operating officer to guide him through these turbulent times. here's a piece of good news for you. the world happiness report has just come out here's and it turt that norway is the winner. >> the scandinavian country moved up from fourth place to first place this year, beating denmark. thend this ranking is sustainable development solutions network and the united nations. it takes into account a host of social factors which explains why norway is at the top spot. the nation has suffered from the global drop in oil prices put public services and political stability are still strong. the other northern countries in the top five are denmark, icela

vodafone says it will add more than 2000 jobs in the u.k. the company says the positions will be filled over the next two years across the midlands and north of england, as well as scotland and wales. the minimum expected to support 2 billion pounds of investment in britain. a trader at brandon howard asset management left after three years at the hedge fund firm, according to a person with knowledge of the matter. he was a partner in the new york office, focused on fixed income trading within a global macro strategy. brevan howard plunged at the end of last year from its peak of $40 billion. a spokesman declined to comment, and attempts to reach the trader were not successful. that's your bloomberg business flash. matt: thanks. the netherlands has blocked entry to the turkish foreign minister after attempts to hold rallies in support of turkish president in eu countries. with today's until the dutch one hastial election, claimed the incident is a victory for the freedom party. >> i am happy that all this pressure [indiscernible] matt: our g

been accused of looking after its own customers, at the expense of rivals like sky, talktalk and vodafoneuld benefit from the change. here's our technology correspondent rory cellan—jones. it has got a massive and vital task, rolling out fast broadband across the uk. but its critics say that bt‘s 0penreach hasn't been up to the job delivering poor service and not investing enough. now after a long battle 0fcom has ordered that 0penreach should be separated from bt. the regulator says this is what customers have been demanding. they, like us as a regulator, have been concerned that 0penreach has not been performing well enough, that broadband hasn't been good enough. i think they see the greater independence as a great means for 0penreach to operate with the interests of the whole telecoms industry at heart, notjust bt. this deal is meant to make 0penreach a more independent operation, with 32,000 employees working directly for it. there will be an independent board in charge of what goes on and it'll have its own brand. the bt logo will disappear. bt had been accused of taking profits fro

this follows accusations that it prioritises its own customers over rivals like sky, talktalk and vodafone move make any difference to customers? 0ur make any difference to customers? our technology correspondent reports. 90% of british homes can now get fast broadband but in this part of rural buckinghamshire, you can't get any connection at all from bt. gary, who has campaigned to get his village connected, thinks the company and its broadband division, 0penreach, are failing britain. they have a quasi monopoly on the market, and with a monopoly come reponsibilities. there should be a responsibility to connect every house in britain with broadband. it is a necessity, part of everyday life now. now, after pressure from 0fcom, bt has agreed to separate from 0penreach, which will have its own boss and board. the regulator had been urged to act by other firms unhappy with the broadband supplier's performance. they, like us as a regulator, have been concerned that 0penreach has not been performing well enough, broadband has not been good enough. and they see the greater independence as a grea

vodafone led the complaints against bt and there are hundreds of other firms which provide phone and and fix things on time. if we're not able to do that because the provider we use is unable to deliver on the agreed timescales that they would promise us that they would deliver on, then of course we let our customers down. and that is a big problem. it means our brand is affected and those customers are financially impacted. bt said: "this shouldn't have happened and we fully accept 0fcom's findings and apologise wholeheartedly for mistakes. " there's an explosion in data and communication needs. bt is being blamed for holding uk business up and not making amends. simon gompertz, bbc news. broadband is pretty essential to business and that's why the government has promised that 95% of people will have high—speed connections of over 24 megabits per second by the end of 2017. the british chamber of commerce is casting doubt over whether the government can achieve this. their latest survey shows that a quarter of businesses don't have reliable broadband. joining us now is the director g

and vodafone thousand to the u.k.ob market and ledges to take up more workers in the coming years. manus: a diplomatic standoff with turkey and the netherlands overshadow the elections this week. this is bloomberg. ♪ ♪ anna: welcome back. cloudy skies and hong kong. hang seng is up. >> hsbc has named mark tucker to succeed douglas flint as chairman. is a former head of provincial and will take the post in october. his first major task will be to find a successor to stuart gulliver who is been at the bank for more than six years. it will have more than two dozen new jobs in the u.k. the gumby says the positions will be sold over the next two years in the midlands and north of england as well as scotland and wales. the move is expected to support 2 billion pounds of investment in britain. a trader at brandon howard asset management has left after three years at the hedge fund firm. he was a partner in the new york offers -- office with a global macro strategy. they had a peak of $40 billion investment. attempts to reach

vodafone led the complaints against bt and there are hundreds of other firms which provide phone andr we use is unable to deliver on the agreed timescales that they would promise us that they would deliver on, then of course we let our customers down. and that is a big problem. it means our brand is affected and those customers are financially impacted. bt said: "this shouldn't have happened and we fully accept ofcom's findings and apologise wholeheartedly for mistakes. " there's an explosion in data and communication needs. bt is being blamed for holding uk business up and not making amends. simon gompertz, bbc news. the new 12—sided pound coin will be in circulation from tomorrow. one and half billion of these coins have already been minted and distributed to secret locations ready for the launch. the treasury says the coins will be much harder to forge. our correspondent tim muffett has been finding out if all the parking meters, vending machines and lockers are ready for the change? since 1983, the pound coin has flowed through our economy. down high streets into shops, vending m

and follows accusations that it prioritised its own customers over rivals like sky, talktalk and vodafoneto customers in terms of a better service and faster broadband? rory cellan—jones reports. 90% of british homes can now get fast broadband but in this part of rural buckinghamshire, you can't get any connection at all from bt. gary, who has campaigned to get his village connected, thinks the company and its broadband division, 0penreach, are failing britain. they have a quasi monopoly on the market, and with a monopoly comres pounds abilities. there should be a responsibility to connect every house in britain with broadband. it isa house in britain with broadband. it is a necessity, part of everyday life now. now, after pressure from 0fcom, bt has agreed to separate from 0penreach, which will have its own boss and board. the regulator had been urged to act by other firms unhappy with the broadband supplier's performance. they, like us asa supplier's performance. they, like us as a regulator, have been concerned that 0penreach has not been performing well enough, broadband has not been

digital network and bt was found to have breached its content —— contract with other providers such as vodafonepriate notice and made sure people knew when these lines we re sure people knew when these lines were being rolled out, if there was delayed, and if there was delayed, pte could be obliged to pay compensation. we found that bt did not pay the appropriate amount of compensation because of the breach to contracts. compensation because of the breach to contracts. the business day is just beginning in the united states. investors will be taking stock of last friday's shock announcement that president trump had failed to push through his healthcare bill. he was hoping to radically change the former president's affordable care legislation. so — questions are being asked about his ability to deliver on his economic agenda of tax cuts and american jobs. let's speak to our north america business correspondent samira hussain who is at the new york stock exchange. what has been the reaction to his failure to pass through those changes? markets have yet to open, we are 45 minutes away from opening

this contract with some of its customers and other telecoms providers and other providers such as vodafonelines. they should have given appropriate notice in a reasonable time frame so people knew when the lines would be rolled out so if there is any delay and if there is delay bt maybe obliged to pay compensation. we have found that bt did not pay the appropriate amount of compensation because of the breach it engaged in. clearly, we know that openreach will be split off from bt, it creates a new legal entity and one that many of the competitors have welcomed. how significant is this in light of that? i would say the investigation relates to historic conducts and so that was then and openreach arrangements where bt basically have met all our requirements in full is a forward looking change that we think will proindividual a robust and independent openreach to serve all its customers well. 0k, it is good to talk to you. thank you. the £42 million fine imposed on bt. bt has changed. it says we have put our problems in order. adding there has been real and tangible change at bt. bt. bt share

been accused of looking after its own customers at the expensive of rivals like sky, talktalk and vodafoneit from the change. here‘s our technology correspondent rory cellan—jones. it's it‘s got a massive and vital task rolling out fast broadband across the uk. its critics say bt‘s 0penreach has not been up to the job, delivering poor service are not investing enough. after a long battle, office—macro has said that 0penreach should be separated from bt. this is what customers have demanded. they have been concerned that open reach is not performed well enough, broadband has not been good enough and they see the greater independence as a greater means for 0penreach to operate with the telecoms industry at heart, notjust bt. this deal is meant to make 0penreach much more independent. it will have 32,000 employees working directly for it, there will be an independent board in charge of what goes on and it will have its own brand, the bt logo will disappear. bt had been accused of taking profits from 0penreach and spending them on sports rights, a charger denies. the firm could have been order

the chief executive is struggling and seeking to win in germany in the face of competition from vodafone. it is good that the t-mobile u.s. division led by john leisure, the unit is down 1.2 million wireless customers, more than any other mobile phone company in the united states. shares down by 1.6%. the big data point today is eurozone inflation rising to that key 2% level. that's the headline figure. the call level includes those volatile measures. the ecb has its meeting next week and adds to the case the hawks might put forward that inflation is proving troublesome. those who don't want to fiddle with the ecb monetary stimulus and qe measures would look at the blue line. core inflation is a far cry away from the 2% level. 90 minutes into the trading day in the u.s.. how is it looking there? wait two weeksto for the fed mating and advance -- in advance of that, we've been hearing fed officials .inting at the market we are pulling back today after the big rally in stocks yesterday which saw them push all three major averages to new highs and now the selloff is deepening to some extent

vodafone has invested nearly $7 billion in its india entity for a long time.t has been consistently losing money. an opportunity to catapult to the big league, overtake the existing number one player, and put them in a slightly better position, and hopefully they will start making money. this is a big one as far as consolidation of the sector is concerned. the u.k. has joined the usn band large electronic devices from flights from certain middle eastern and african countries. they must check baggage after washington suggested terrorists are planning innovative new attacks. how are the airlines reacting to this? interestingly enough, you would have thought >> airlines would of -->> interesting the enough, you would think they would've come out more aggressive, or play the protectionist card. emirates came out with a tongue-in-cheek response -- we have 2500 channels you can watch, who needs laptops? everyone is in the contingency planning, seeing how they will come to terms with this. -- ie: 10 -- faces rising competition in the mobile gable -- gaming market. >>

vodafone is merging units in india with a local company called idea cellular.eant to help the carrier confront a price war in the world's second largest market. billionad a $5 write-down eddy $2 billion tax dispute. it also postponed plans for an indian ipo. with companies facing increased scrutiny, most tech giants are taking extra measures to avoid any kind of breach. baidu has revealed the mounting pressure interfaces from hackers and the steps taken to combat them. tom mackenzie has the story from beijing. head of's cybersecurity knows he has a fight on his hand. he says hackers test their differences every minute of every day. in the series case, again was put together to try to steal the prized automated driving technology. >> we definitely know someone tried to hire someone in the underground market to steal those things from us. what's cyberattacks can come orm automated hacking bots sophisticated international gangs. responded by boosting the cybersecurity team. it is also backing what might be called ethical hackers like the blue lotus team. >> now yo

vodafone to merge with idea cellular.at nearly 300 million customers. >>> some more stocks to waump. grub hub could lose more than 25% of its value in the next year or so. increased competition and higher costs as reasons for the potential dip in the stock price. shares of abbott labs and had a higher rate of serioused averse heart events than those treated with the extents. >>> speaking of medical news, johnson and johnson and buyers xarelto getting pausesative study. the blood thinner cut the risk of rekerring blood clots compared with the low dose aspartnersha aspir aspirin. >>> and here with more on that. good morning. >> that's right. disney's "beauty and the beast" debuting with a roar. it was a beauty at the box office opening at $170 million domestically and $350 million globally. easily making returns on $160 million it took to produce the film. surpassing disney's finding dory and became the number seven launch of all time for any movie, leaving out the final harry potter film which also starred emma watson. and

vodafone has agreed to merge with idea cellular to create the new mobile market leader.nlarged group will be twice as big as at&t by subscribers. this deal has been talked about for a while. >> they will create an entity that is valued at $23 billion and have 395 million subscribers. what does this mean? it has been consistently losing money. this deal is an opportunity to catapult to the big league. it is a position where they will hopefully start making money. this is a big one as far as consolidation of cell contractors is concerned. >> the u.k. has joined the u.s. and band electronic devices from certain middle eastern and north african cities. tablets, laptops, and dvd players must travel in checked baggage. >> interestingly, you would have thought the airlines would have come out more aggressive or played the protectionist card. i have not seen any of that. emirates airline came out with a tongue in cheek reaction on twitter saying we have 2500 channels you can watch, who needs laptops. everyone is in their contingency planning rooms seeing how they will come to te

where bt ousted meet deadlines for ever net services, they need to pay compensation to the likes of vodafonebut they have been using a clause in the contract they have been using a clause in the co ntra ct to they have been using a clause in the contract to reduce payments. now, bt has been hit with a huge extra bill. any record fine, ofcom has ordered them to pay £a2 million on penalties. the scale of the fine is said to reflect the importance of bt to other companies, who offers services such as broadband. bt has apologised saying that it should never have happened and measures have been put in place to stop it happening again. at an addition to define, it will need to find the additional £300 million owed to companies in compensation. it has emerged that people living close to the site of a major explosion on merseyside reported smelling gas at least 2a hours before it happened. the national grid has confirmed that reports of lea ks were probed, before the suspected gas blast in wirral on saturday. clare fallon is live in bebington, close to where the explosion happened. clare, are the em

also means bt will have to expense ate competitors like vodafone for the loss. >>> meanwhile, pushing hod. the investment group announced it is selling the bulk of its estate in the company omam 0 the chinese comglom r gloglo gloglc. >>> the move explaining the reason there was to suspect that park tried to destroy evidence. this report from seoul. >> prosecutors have said that they will be requesting a cuf d custodial arrest warrant against park following the charges that prosecutors placed against her during the hours of questioning she went through last week. prosecutors have been reviewing a custodial arrest warrant for the past seven days, giving the arrest could have on the upcoming may 9th presidential elections. there are reasons given for the warrant led that because the former president is facing charges, the magnitude of the charges against her, call for a detention warrant. also cited the fact that the other people implicated in the political scandal including former presidential aides have all been arrested and currently under custody as the reason they were casting a war

been accused of looking after its own customers at the expense of rivals like sky, talktalk and vodafoneuld benefit from the change. here‘s our technology correspondent rory cellan—jones. it has got a massive and vital task, rolling out fast broadband across the uk. but its critics say that bt‘s 0penreach hasn‘t been up to the job delivering poor service and not investing enough. now after a long battle 0fcom has ordered that 0penreach should be separated from bt. the regulator says this is what customers have been demanding. they, like us as a regulator have been concerned that 0penreach has not been performing well enough, that broadband hasn‘t been good enough. i think they see the greater independence as a great means for 0penreach to operate with the interests of the whole telecoms industry at heart, notjust bt. this deal is meant to make 0penreach a more independent operation, with 32,000 employees working directly for it. there will be an independent board in charge of what goes on and it‘ll have its own brand. the bt logo will disappear. bt had been accused of taking profits from

you're sitting around in germany and you can get your phone and your cable and your broad band from vodafonethe customer often doesn't know who it is. so what -- >> neil: they're okay with that soup to nuts -- >> what is happening that will really help the overall value of content is, at&t is buying time-warner because they believe that owning i.p. will decommoditize. in the long run, even though consolidation presents issues, it reflects that i.p. is still king. >> neil: president trump, how do you think he's doing? >> it's early. some of his business policies could be good for america. i believe in divided government. the idea of having a republican congress and a republican senate and a republican president is a good thing because now they'll get some things done. >> neil: you hope. >> a lot of diving judging on both sides. now they have to govern. in two to four years, people will say i like what they're doing. let's bring him back or let's get rid of him. >> neil: a foot note on david zaslov. he was the chief council on cnbc. i'm going back 30 years. that gentleman about my age signed m

david: vodafone already holds 45% in the combined country -- company.check of the business flash headlines. shares of singapore mobile operator extending gains after they consider selling. they are working with an advisor to conduct a strategic view. has a market value of $1.5 billion. david: cathay pacific has been fined $61 million by the european union for antitrust file relations. the carrier says the fines relate to cargo surcharge levels, which the eu says breached competition laws. the airline announced its first annual loss in eight years last week and said it will cut mid to senior management levels -- salary levels, by 30%. it said it is reviewing the eu ruling. enteringe dalian wanda the cloud business through a partnership with ibm, allowing chinese businesses to have access to its cloud infrastructure and language of that allow consumers to talk to apps. david: welcome back. i'm here. guests here as well. we were talking before the break , we don't know why these markets continue to go up. cloud of uncertainty is trade protectionism. it is

deadlines for ethernet services, as they are known, they need to pay compensation to the likes of vodafoneg a clause in the contract to reduce payments. now, bt has been hit with a huge extra bill. in a record fine, ofcom has ordered them to pay £a2 million on penalties. this is the highest fine we have imposed. we feel it reflects the seriousness of the breach in question and the importance of this particular sector of the uk economy. of course the fine needs to be seen in context and in the round with the significant compensation package. the scale of the fine is said to reflect the importance of bt to other companies, who offer services such as broadband. bt has apologised, adding that it should never have happened, and that measures have been put in place to stop it happening again. but in addition to the fine, it will need to find the additional £300 million owed to companies in compensation. the family of the us tourist killed in the westminster terror attack have been speaking at a news conference in london. they've said that they've been through a humbling and difficult experience

back in their home market, prices are under pressure because of competition from vodafone. better news out of the u.s. unit. we heard from t-mobile, with 1.2 million monthly wireless subscribers, more than any other wireless subscriber in the u .s. this is a bond based business. manus: a couple more red hot headlines. let's jump into standardbank's four year adjusted earnings per share. this is an african lender at 14.4 rand. the market had estimated 14 point. 82 last year they earned 22.2 billion rand. teh equity comes in 15.3%. dividends, if you are a m 675 from a up fro year ago. that is the other red headline. let's talk about one of the world's biggest brewers. they spent over $100 billion purchasing s&p miller. this is a pretty colossal miss. what we happy or is organic revenue growth, coming in at .2%. the market was looking at a revenue growth of 3.1%. they missed on the headline earnings as well. the market had penciled in $5.64 billion. they have got issues in mexico, in terms of the currency. they have got problems in latin america. the organic volumes are down 3

vodafone well bid this morning. mark barton has the details.re we finally seeing some signs of volatility across asset classes? thought we would start with the ftse 100 volatility index. on friday, it reached a record low. we are up for the fourth consecutive day. we climbed by 30%. this is the u.k. benchmark volatility index. it has risen more than any other european volatility gauge. the headline index, the ftse 100, headed for the biggest weekly loss in two months ahead of wednesday when theresa may triggers article 50. the second chart i want to show you ahead of the big vote later in the house of representatives on trump's health care plan is dollar versus yen. we are seeing dollar rise against the yen today, but we've had a seven-day losing run for the dollar, longest losing run in two months. what we are seeing from this chart, the yen breaking out of its trading range. any delay to that u.s. health care reform bill scheduled for later could be a catalyst for , uncertainty about progress in donald trump's policies is putting the pair on

you're sitting around in germany and you can get your phone and your cable and your broadband from vodafone or deutch telecom or liberty global, the customer, customer often doesn't know who it is. so -- neil: they're okay over there with that soup-to-nuts? >> what is happening i think will help the overall value of content is, at&t is buying time warner because they believe that owning ip will decommoditize their platforms and make them stronger. across europe you're seeing a number of platform players investing in ip. we're doing exclusive deals. neil: right. >> even in the loaning run even though consolidation presents issues it really reflects the fact, ip, content is still king. owning content you can do unique things with. neil: right. >> or you can have exclusive right to is -- neil: do you worry though about, obviously keep an eye on revenues and all about the ratings? not too long ago in the throes of presidential campaign the great sucking sounds like news and business network like this one getting all eyeballs, but not for the traditional entertainment networks. is that less or s

vodafone has a market cap of just 10 billion lower than ours.e are doing things over the last year. the second thing, how we are looking at things. if you cannot do something that is improving the value of the company on a standalone basis, you have to consider m&a, partnerships, and other things to improve the value, so it is a good question. i think they are doing well in the integrated market these days , just some smaller markets where we might consider that. the u.s. market, look, we have done a terrific job on improving investment significantly to this business, almost 20 billion euros over the last two years in infrastructure, and therefore let's check the option audi. tom: i get it. i love the magenta behind you. how are you going to bring magenta worldwide. you need john legere to run everything worldwide in wireless but are you going to see the price battle worldwide you brought on in america? winning is always the mentality, and we have 45,000 people in the u.s. on the ground, people with magenta heart. i love them all. they are the r

the boss of vodafone says charging british travellers differently is not very logical and uk phone firmss enquiries are down 36%. the study says hotel prices are also down as a result with the cost of a hotel stay in new york 32% cheaper. it doesn't take account however of weak sterling which means our pound doesn't go as far. more from me in about half an hour. see you then, thank you very much. relatives of the british victims of a terror attack in tunisia are to sue the tour operator, tui. a coroner ruled that the holiday—makers were unlawfully killed by an islamist gunman in the resort of sousse two years ago. he rejected a finding of neglect against the travel firm. suzanne evans lost her eldest son, brother and father. cheryl stollery saw her husband john killed next to her. both suzanne and cheryl have been speaking to our correspondent, sarah campbell. i hope people will never forget what happened to my family, my son, my brother and my dad. within 12 hours of arriving on holiday, they were murdered and the only protection they had was each other. words will never explain the dev