the anglo dutch company already has headquarters in rotterdam unilever makes a huge range of household items such as soap shampoo ice cream and mayonnaise. well known retailer toys r us will sell or close all of its american stores putting thirty thousand jobs at risk it's also shutting down its remaining seventy five outlets in the u.k. the company filed for bankruptcy last year after racking up debt of five billion dollars it's been struggling to compete with the online retail company such as amazon those are your headlines so far i'm back with the news hour in thirty minutes see you then until then back to witness. yanira here savage in the new crowd in the village of the magnetic this fissure this christmas of course father head of there was. out of. the rain out of here i think. that he took the sinead for a moment then the news if you're here was the worst. luck in the highlight of the for. the bar. but give us just a. and had the spot and. it was true for. the surety of that almost surely as if the months i've been been in pay and. all of. this image of sydney and seventh inning

one of the largest companies in britain is moving its headquarters from london to rotterdam unilever says its decision is not because of wrecks it but in order to simplify its structure and rebuffed takeover bids. makes a number of popular supermarket items such as dove soap domesticus and ben and jerry's ice cream a funny gay guy has more from london. after a year long review the decision now has been made to take the company backs the corporate headquarters of a company that is back to the netherlands it has previously been headed here in london as well as right to thoughts in the review questions have arisen that some make it more streamlined how to make the company more focus the c.e.o. of the company coleman has insisted that it has to do with that and that relatively few of the jobs of the seven thousand three hundred jobs that a base to are going to relocate back to the netherlands also what is another factor in this to be considered here is the fact that there was a hostile takeover bid by the u.s. food giant cross tie ins last year and if it continues to be remain if you con

reporter: jersey rotterdam over london, unilever, the group behind products such as lipton tea and magnum cream has chosen the netherlands as it's a single base. the company which currently has head offices and legal entities inin both countries, said the me was intended to simplify corporate structure. >> thehe decision to creree a singngle entity incorpororated n ththe netherlands reflects the fact that you know ever -- that represents a larger portion of unilever. reporter: critics say it is a sign of the u.k. is becoming unattractive for businesses and investors as they continue to negotiate index it from the european union. the decision of the company to opt for the netherlands affords a greater protection and hostile takeovers, like the one last year with heinz kraft. they said they will continue to be listed in london and new york, and said that this not threaten the jobs of thousands of employees in the u.k. stephen: they have also filed -- and toys "r" us has filed for bankruptcy. the chain has been struggling with increasing competition from amazon, as well as price wars with wa

the unilever moved to rotterdam.vious one for pro and anti brexit forces to lock horns over, but it's not as simple as that? the ft has had a go at it, theresa may, herb brexit row of business as usual has been dented, they say. unilever have said it is nothing to do with brexit. it seems to be more to do with takeover rules and so on. secondly, there we re rules and so on. secondly, there were some fairly apocalyptic warnings from unilever before the referendum about serious consequences if we voted to leave. in this case, although there is a significant thing happening, in that the headquarters is moving, the joint headquarters is moving to rotterdam, at the same time...m joint headquarters is moving to rotterdam, at the same time... it is the managers and book—keepers but not the makers? the jobs are staying here, and unilever says it is manufacturing two main things... marmite still being made in britain. you can have the same... you can't have both things on the same sandwich. doesn't appear to be brexit related

as we've been hearing, unilever has chosen rotterdam over london for its headquarters.pany more agile. earlier, our business editor, simonjack, spoke to the ceo of unilever, paul polman. we've made two decisions today, and both of them are meant to make the company more agile, more focused and obviously create longer—term shareholder value, or continue to create that value. we have announced that we would move to three divisions, two of them located here in the uk, which is the beauty and personal care division and the home care division, which is about 60% of our business and fastest—growing. that secures about £1 billion per year in spending. the second decision we have made is to simplify our legal structure. instead of having two legal structures, we are simplifying that in one legal structure in the netherlands, and that will allow us again once more to run our business a bit faster and more efficiently. sweden's h&m, the words second—largest clothes retailer behind zara owner inditex, has reported flat sales for the first quarter of its financial year despite an i

the anglo—dutch consumer company unilever, the third biggest firm in the uk, has denied brexit is a factor in its decision to base its new headquarters in rotterdamaise, insists it's fully committed to its british operations. today is news day for the bbc‘s annual school report. bbc london has been working with a sixth form student from romford. she wanted to explore if better education in schools around knife crime, could help to reduce the number of young people getting involved. 18—year—old abbianca has this report. hello, i'm abbianca. sixth form student at draper's academy, in harold hill. i want to explore the ways in which the education system can this issue is very close to my heart because in 2016, i lost a dearfriend of mine who was a victim of knife crime. i went to scotland yard to speak to a senior police detective, who deals with knife crime on a daily basis. i asked him if he thought schools should have compulsory lessons on this issue. what to think about this, do you think this can make a difference? i think it would make a difference, i think we need to change the messaging. we've been saying for some time that police on their o

the anglo—dutch consumer company unilever, the third biggest firm in the uk, has denied brexit is a factor in its decision to base its new headquarters in rotterdamellmann's mayonnaise, insists it's fully committed to its british operations. a police investigation into the deaths of 71 people who died in the grenfell tower blaze has revealed that a fire door installed in the tower block was only able to hold back the flames for around 15 minutes — just half the time it was supposed to work for. survivors of the fire have called the revelations "shocking". tom symonds reports. could what happened here be the result of corporate manslaughter? that is what the police are investigating. highly technical work, including the test of a door from a grenfell flat. one that was undamaged in the fire. in this standard test, heat is applied to one side and the door must hold for 30 minutes. here, there's some smoke, but this door easily passes the test. the sample from grenfell lasted 15 minutes. the police informed the government, which has consulted its own experts. the response... there is no change to fire safety advice that the public should follow. i,

. >> you wilunilver will abandon london and make rotterdam its new home. unilevers the choice after 88 years of two parent companies was to make it more focused. the maker of ben & jerry's ice cream launched a review of its dual headed structure in 2017 after fighting off a takeover from craft. the move simplify the company's structure and helped enable takeover deals. back to brent now, and tensions are running high and rio de janeiro. brent: that is exactly right. in rio de janeiro they are protesting in the streets after a murder. mario franco was a highly regarded local politician known for her work in the poor -- work with the poor. franco frequently criticized police killing of shantytown residents. rios police force is one of the most deadliest. human rights groups say more than 1000 people were killed last year. i'm joined now on the phone by dominique phillips, a journalist and rio de janeiro covering this story for us. dominique, tell us more about maria franco, and why her work was so important. >dom: she was a counselor for a left-wing party. that all r

consumer goods giant unilever could be set to abandon its uk headquarters in london in favour of rotterdamnnouncement later on thursday — but unilever has refused to comment. the anglo—dutch company has been reviewing its dual—headed structure since rejecting a takeover by kraft—heinz last year. toys r us has filed to wind down its us business and sell off or close all us stores after failing to find a buyer or reach a restructuring deal with creditors. up to 33,000 us workers could lose their jobs following the bankruptcy of the giant toy store chain — one of the largest ever in the retail business. all uk stores will close in the next six weeks. singapore is the most expensive place for expats to live in the world for the fifth year in a row — according to the annual cost of living index from the economist intelligence unit. paris and zurich take joint second place followed by hong kong. and now, what's trending in the business news this morning. from the financial times, google, facebook, and apple face ‘digital tax‘ on eu turnover. a levy proposed by brussels will tackle tax avoidance

unilever, which is one of the world's biggest consumer goods manufacturers, says it's abandoning its london headquarters. it means the company will only have one head office, in the dutch city of rotterdamit says the move is not connected to brexit. the company, which makes products including marmite, dove soap and ben and jerry's ice cream says it's moving to a simpler, more agile structure. unilever employs 7,300 people in the uk and whilst no jobs are being affected, this will be regarded by many as a blow to the country in the run—up to brexit. the company has its roots in both the uk and the netherlands where it already employs 3,100 people. thank you. our business correspondent is theo leggett. in practical, real terms, what does it mean? it does not mean anything in terms ofjobs. unilever will continue to employ 7300 people in the uk and 3100 in the netherlands. the corporate structure of the business will be simplified. it is quite unwieldy at the moment, it was created from a merger in the late 19205 created from a merger in the late 1920s between british and dutch company. the board currently sits on two locations, that will go down to one. in practical terms, two locations, t

as we've been hearing, unilever has chosen rotterdam over london for its headquarters.move was not linked to brexit. earlier, our business editor, simonjack, spoke to the ceo of unilever, paul polman. we've made two decisions today, and both of them are meant to make the company more agile, more focused and obviously create longer—term shareholder value, or continue to create that value. we have announced that we would move to three divisions, two of them located here in the uk, which is the beauty and personal care division and the home care division, which is about 60% of our business and fastest—growing. that secures about £1 billion per year in spending. the second decision we have made is to simplify our legal structure. instead of having two legal structures, we are simplifying that in one legal structure in the netherlands, and that will allow us again once more to run our business a bit faster and more efficiently. russia will expel uk diplomats soon, its foreign minister has said, in response to the expulsion of 23 of its diplomats by britain. sergei lavrov tol

the anglo—dutch consumer group unilever has chosen rotterdam for its headquarters, rather than londonusehold brands, including dove soap and marmite, currently has head offices in both cities. our business correspondent theo leggett reports. unilever may not be a household name but its products can be found in almost every british household, including marmite, pot noodles and pg tips. unilever is a british business but it's also dutch. in fact it is two companies, one based in the building behind me here in london, and the other in rotterdam. now it has decided that is too unwieldy, so it will become one company based over in the netherlands. unilever has 169,000 employees worldwide, more than 7,000 are based in the uk. that is not expected to change. instead of having two legal structures, we will simply have one in the netherlands, and that will allow us to run our business a little bit faster and more efficiently. the government has played down the compa ny‘s decision and said it is not connected in brexit. it is only the corporate headquarters that is moving, it's a relatively sma

as we've been hearing, unilever has chosen rotterdam over london for its headquarters.well—known goods from marmite to ben &jerry‘s, of soap. they say they want to make the company more agile. it is nothing to do with the lack of confidence in britain ahead of brexit and they say the reverse, two parts will be housed in the uk and they will continue to operate out of their iconic building in blackfriars, london. they say uk jobs will not be affected and some may have teak relocate to rotterdam, but shares will be listed in london. whichever way you look at it, at a time of such fragile confidence in the state britain's business, this is not helpful our business editor got a bit more detailfrom helpful our business editor got a bit more detail from the ceo paul polman earlier. well, we've made two decisions today and both of them are meant to make the company more agile, more focused and obviously create the longer term shareholder value, or continue to create that. we have announced that we will move to three divisions, two of them here located in the uk, which is the b

programing is only available no prime customers consumer products, giant unilever announced plans to operate exclusively out of rotterdampart of unilever's plan to end the dual structure in place there for 88 years unilever says the choice has nothing to do with breck it and those who work in the uk will continue to do so. cnbc's larry kudlow has been named the president's top economic adviser and now over here, we're hearing tax reform two could be on its way. >> reporter: good morning again, joe. the president talking about phase two of tax reform. larry kudlow talking of tax reform, it will be one of the things on kudlow's agenda when he gets there as the national director i am told he will be there to attend a meeting on trade. here's what he said about the gen says of this idea of doing phase 2 yesterday on cnbc. >> kevin brady was the instigator, he sold president trump on it. trumped a knowledged it at a speech some place. when i have been talking to trump in recent days, he refers to it in different times as i say, these will be serious proposals, trust me. whether or not they can get them through remains to be

the anglo—dutch consumer company unilever, the third—biggest firm in the uk, has denied that brexit is a factor in its decision to base its new headquarters in rotterdamness editor simon jack is at the firm‘s current headquarters in london. when they say it is not to do with brexit what do you make of that?|j think brexit what do you make of that?” think they‘ve got good reasons why thatis think they‘ve got good reasons why that is a credible explanation. since 1930 this rather beautiful building unilever house has been the uk headquarters of the maker of marmite, of dove and personal and throw those decades it‘s adding another headquarters in rotterdam in the netherlands. today the company, historic move, said its future, there is only room for one headquarters and it‘s not going to be here. so why are they doing it? they say they need to save money and be more streamlined, be more agile. just last year they had a nasty shock when they were the subject to one of the biggest takeover bids in history when the us giant kraft heinz tried to buy them. a lot of people see under dutch law that ta keover people see under dutch law that takeover would have be

in the last half an hour, unilever has confirmed it has chosen rotterdam over london for its corporatesignificant not because ofjobs, they are keen to stress we will not see thousands of jobs moved as a result, but it is significant because of the debate around brexit. the company is very keen to point out it is not based on brexit, it is a decision based on simplifying the business. this time last year it was subject to a ta keover offer last year it was subject to a takeover offer from an american firm kraft and it wanted to get rid of the offer and it says by simplifying the business it is in a better position to defend itself. what aboutjobs? position to defend itself. what about jobs? they employ 7500 staff in the uk. the company says those jobs will not be moving to rotterdam. it will consolidate the business here when it does research and development so those jobs will remain here, this is moving their hq. remain here, this is moving their hq, so that might mean ten jobs remain here, this is moving their hq, so that might mean tenjobs go overseas. we have had a statement from th

london corporate headquarters and make rotterdam its sole illegal home the move is a blow to prime minister teresa mayes government a year out from breaks it unilever said the choice to end eighty eight years with two parent companies one in the netherlands and one in great britain was not linked to bricks it the maker of doves and ben and jerry's ice cream launched a review of its deal headed structure in twenty seventeen after it forced off a takeover from kraft tines the move would simplify fi the company's structure improve its corporate governance and help and able to take over deals. ok so some point to bricks it others say it's got nothing to do with it let's find out what conrad boson has to say about that in a frag call about what other people they are saying about the move. well monica despite the tweets from her majesty's government that this has nothing to do with bricks it of course everyone here is linking this to bricks it. you know this has been a blow for to resign may and her government and her efforts to keep investment in the country this time at least the government in the netherlands was more clever after this hostile takeover

headquarters in rotterdam the makes a huge range of popular supermarket items like soap shampoo soup ice cream and even mayonnaise so nigger has more now from london. after months of reviews unilever has said that it is finally leaving london it is a jewel headed company both with cues legally. corporate headquarters both in the u.k. and in the netherlands the corporate headquarters in the u.k. will allow no longer be present as the company goes forward but it still will maintain a manufacturing and research presence in the u.k. it employs some seven thousand three hundred people in the u.k. most of those said to be safe for now but with this the c.e.o. of the company has said that it is really about streamlining the company to also be making it more focused and to have about one legal headquarters in the netherlands as well as a lot of also insight into that saying that if the company was unhappy when it faced off a hostile takeover from the u.s. food giant kraft heinz and the worries that the u.k. legal system would not have prevented another. opportunity for other companies to try that as well the netherlands has tougher laws regarding hostile takeovers in that sense but also o

unilever, the maker of so many consumer staples. it's looking to be incorporated into a single legal entity, incorporated entirely in the netherlands. it will look to operate from london to rotterdam is an issue a lot of companies have faced lately, where to be traded. it will continue to be traded as well over different exchanges, including that in london, but it will be a angle legal entity incorporated in the netherlands. favorl family having a -- having a dutch headquarters over having a headquarters in london. we want to take a look at the futures trade this morning after three days of drops for u.s. stocks on concerns about trade. we saw a mixed trade in asia overnight, and now, we see a mixed trade in futures and a big bounce in european futures. that's futures and cap matt cac futures.x and ftse futures are very little changed. we could see a respond move on the continent today. take a look at the bund trade and csr bond futures support that as well. let's pull up the bond futures chart, and i will read those numbers right off to you. actuallynd futures down. investors are letting go of safe haven protection. we see u.s. bond futures trading higher. remember, we saw the u.