morrison's has a smaller piece of the pie compared to tesco it is the enormous growth opportunity that i think is of real interest because these private equity firms and others are potentially looking at morrison's and if you can see the huge growth as tesco which is past 1.5 million a week in the uk, there is anything opportunity for morrison's has it come in too late because it is behind the curve. >> susannah, shares are up more than 30% were investors caught off guard by the story over the weekend? is it short covering how do you explain that significant move higher? >> the rejected offer value at 29% premium to that offer price before the announcement. that has to do with this in the expectation that a future offer will come in higher. i do think that has a lot to do with it. i think it did actually catch the market off guard in a similar way as the purchase by the brothers last year from walmart. it took the industry by surprise to some extent certainly those industry watchers did not expect that to come through quite so quickly. it does show there has been appetite in the superm

tesco trading higher.ng if this is a wider sector story or whether this is something about morrison. why the other stocks up? could there be bids elsewhere? >> the rest of the section changes unjust of lively -- unjustifiably higher. i do not see the risk of a bid being replicated. as you correctly pointed out, these stocks have been heavily shorted. these stocks were darlings of the market last year and they were heavily defensive. food retail one of the only areas of the lockdown available for consumers to avail of and they did extremely well. these stocks have suffered and lagged to the rest of the market. i think this is a bit of a catch-up in response to the fact they were short during that period and i do not think it is the fundamental appeal of those companies. alix: what are the economics of these supermarkets? ? swetha: they operate on fairly thin ebida margins. it is a much more cash generative steady return sector. if you consider the assets they are sitting on are the property portfolios, wher

we will continue to watch that, as may be tesco picking up market share in areas other than food.et's have a look at where we are on these markets and the futures picture. the futures for europe looks fairly flat. we did see some of this reflation re-think happening in europe yesterday. the ftse was down by nearly half a percent, where we saw more mixed trading elsewhere, and parts of that to do with a re-think on cyclicals. we see a continuation of what we had yesterday on u.s. futures. nasdaq futures up by 0.3%. it was nasdaq outperformance, dow outperformance, second cyclicals, buying tech that seems to be a thing. despite the nervousness of what the flattening of the curve indicates around growth expectations, we will get into that conversation and think about where we are on these markets and through the lens of the gmm, you can continue to see that reflation re-think, i suppose -- re-think taking place, i suppose. mark: i think there's a couple of things on the gmm that are interesting. first, the re-think of the reflation trade in light of the hawkish words from the fed. th

if you look at their board, it is made up of the former —— a former boss of tesco who used to work withns, which is seen as an attractive proposition, particularly for a foreign firm. uk shares at the moment are quite cheap compared to businesses from abroad and morrisons is doing pretty well. its sales are up 5% in the first—half of this year and it owns a massive property portfolio as well, 85% up at shops owned by minor sins and one analyst i spoke to said they're worth about £7 billion —— owned by morrisons. you can see why a firm from the states might look at morrisons and think it is an attractive company to look to buy. indeed. whenever there is talk of a takeover of the scale, there is always an element of concern for the people who work for the company. do we know what this would mean for morrisons workers? it's very early stages. the company is yet to make a formal offer. that has to come in the next 28 days. morrisons can employ more than 120,000 people here in the uk and there will be a certain amount of concern hearing this. it is worth looking at the track record of the fi

tesco, huge u.k. crozier -- huge u.k. grow sure -- huge u.k. grocier.shifting their demand from eating home to eating out. tesco is suffering. astra fairly neutral. i think it is a win for both sides. the eu and astra. astra has not been told by the court to speed up its delivery of vaccines to the eu. on balance, probably more of a win for astra. then there is lufthansa, down 1.43%. there is good news in the travel sector. the white list now includes the united states. u.s. travelers can travel to the eu. the whole of the eu without having to quarantine. alix: let's get into that. for more on the eu lifting travel restrictions for american tourists, daniel roeska joins us. we are not open for european travel, but how material is this for the airliners? daniel: this is one of the important steps towards reopening. we said for a while this would be touch and go and we would have success of opening steps. having the finance ministers agreed to move to the white list is the right step and more reopening will follow. guy: you think we are going to get recip

morrisons' share price rose by around a third with 0cado, sainsburys and tesco also seeing increases. centre of it all is one company morrison. they are the uk's fourth—largest soup market after tesco, sainsbury and as duffel to headquartered in york shire. but they actually employ around 118,000 people all around the uk. it is quite a significant number of staff they are. what we learned of the week and was they have received a takeover offer from an american firm and that offer was for around five and that offer was for around five and a half billion pounds to buy out morrison. morrison says that price wasn't right. they said a significantly undervalued the business in their view and they rejected it out of hand. today we got the market reaction and as you can see, the share price or more since was up by more than 30% on the day. that suggests one of two things, either the market thinks that this american firm see dnr is going to come back with a revised offer at a higher price or we could see other potential suitors of emerging and that could lead to something of a bidding warfor m

sainsbury and tesco higher.special achievement on a day when we see european stocks very much in the red more broadly. the ftse 100 down by 0.8%. let's look at things we are watching out for. bloomberg is live in qatar presenting the economic forum speaking to the wto director general, the barclays ceo, and the bridgewater founder ray dalio. tuesday, jay powell testifies at a house hearing on the fed's pandemic emergency lending and asset purchase program. how happy is he about the way the markets have responded to the fed statements of last week? we will look for any corrective commentary this week. wednesday we have pmi's from the u.s. and the euro area and the boe will announce its rate decision. the fed announces the result of its stress test on the biggest banks. it is a jampacked week, a packed agenda. . viraj patel is still with us. what are you expecting in relation to the hawkish narrative we have seen coming through from the bank of england? is it quite driven by the chief economist who's going to be l

this was in the case of the british supermarket chain tesco for female shop staff to be able to compare their roles with male colleagues at the distribution centers. and that's great for women in the 1st world who have access to legal representation, but migrant domestic workers who number 11500000 and mostly women have been left unpaid and stranded from the middle east to asia. so the picture can be pretty grim and sadly, the choices are to, you know, around $2000000.00 canyons of lost their jobs. since the beginning of the pandemic in many have been forced to make some difficult decisions to survive in nairobi, malcolm web spoke to women who had to turn to sex work just to put food on the table. sarah and mary, not their real names, are among around 2000000 kenyans. he lost that job since because he began sarah worked in an electronic shop here in the capital, nairobi it went bus during the 1st locked down. she said she'd have to do sex work ever since to be able to feed her 2 children. because my life has turned into something that i never thought i would, i would be in my life. if i

thousands of current and former tesco workers have won a legal argument in theirfight for equal pay. an eu law can be relied on in making the equal pay claim. it's one of the most recognisable items of clothing in history — and now princess diana's wedding dress is going back on public display at kensington palace for the first time in 25 years. ellie price's report has some flashing images. fanfare. it was the wedding, the dress. even the archbishop of canterbury described the day as the stuff of fairy tales. 750 million people tuned in worldwide to watch. 600,000 people tried to see for themselves along the route from st paul's to buckingham palace. and out come the bride and groom. diana, the dress, the wedding — it marked the moment, a huge shift in the relationship between public and press and the royal family. it was the beginning of di—mania, this huge obsession with this young 20—year—old girl, this absolute obsession with her that was never going to wane. the wedding took place on a warm wednesday in latejuly almost 40 years ago. it was a bank holiday and for those who didn'

and the binding portion of the accord, it is obliged retailers such as marks & spencer, primerica, tescoctories and bans them from working in these factories until they are deemed safe by accordance lectures. it acknowledged the accountability of retailers and notjust focused on volunteering measures —— voluntary measures. so the accord did work, old brands and retailers account.. absolutely. 0ver brands and retailers account.. absolutely. over the last eight years it carried out about 38,000 inspections, worked with over 1500 factories, and 90% of the safety issues found on initial inspection was actually reported as corrected so it made an influence to garment worker safety.— worker safety. what is the issue with _ worker safety. what is the issue with this _ worker safety. what is the issue with this new - worker safety. what is the issue with this new deal, i worker safety. what is the i issue with this new deal, why can they not agree? negotiations on the agreement have stalled because of the pandemic through the year but global labour unions have said they will pull out at the cour

if you look at their board, it is made up of a former boss of tesco who used to work with the currentght go for morrisons, which is seen as an attractive proposition, particularly for a foreign firm. uk shares at the moment are quite cheap compared to businesses from abroad and morrisons is doing pretty well. its sales are up 5% in the first—half of this year and it owns a massive property portfolio as well, 85% of its shops are owned and one analyst i spoke to said they're worth about £7 billion. — owned by morrisons. you can see why a firm from the states might look at morrisons and think it is an attractive company to look to buy. morrisons employ more than 120,000 people here in the uk and there will be a certain amount of concern hearing this. it is worth looking at the track record of the firm involved here, they have made long—term investments in uk businesses in the past, in uk retail, and they really do invest for the long term. looking at their track record they want to grow the business, so at this stage there isn't a sense of what might happen to the workers, if anything.

but tesco says the roles have different pay rates because of differences in skills and demands requiredday as the stuff of fairy tales. 750 million people tuned in worldwide to watch. 600,000 people tried to see for themselves, along the route from saint paul's to buckingham palace. and out come the bride and groom. diana, the dress, the wedding, it marked the moment, a huge shift in the relationship between public and press and the royal family. it was the beginning of di—mania, this huge obsession with this young 20—year—old girl, this absolute obsession with her that was never going to wane. the wedding took place on a warm wednesday in latejuly almost a0 years ago. it was a bank holiday. and for those who didn't line the streets of london, it was essential viewing on the telly. what were you doing that day? i got dressed up in my mum's wedding dress to watch the royal wedding. how old were you? i was about six. i was 17. did it feel like a fairy tale? it did. yeah, any girl's dream. ijust think everybody was so pleased - to see them together and married. it was just essential viewin

thousands of current and former tesco workers have won a legal argument in theirfight for equal pay.h colleagues in its distribution centres — who are mostly men. now the european court ofjustice has ruled that an eu law can be �*relied on�* in making the equal pay claim. the director general of the bbc has made a personal apology to the whistleblower who raised concerns about martin bashir�*s interview with princess diana. matt wiessler, a graphic designer, alerted his bosses to the fake documents used by martin bashir. the response from the bbc at the time was to stop giving him any work. our media correspondent, david sillito, told us that there was one man who knew about those documents. and that is matt wiessler, and that is because he made them, under the orders of martin bashir. there was an investigation, and martin per share was declared an honourable man, and matt wiessler never worked for the bbc again. well, he has now received a formal written apology, and today, there was a face—to—face meeting with tim davey, the director—general of the bbc. i asked him why this meant

0ne officer said yes, two forms, even to walk across to tesco's, another said if you are working on footey can get to work. we have make sure the id is in place and we have letters from the employer to say we are based here and the pharmacist will be here at the end of the week and has decided to cycle in, he was based in hell and he made sure that was the quickest way to be here. bookings at this vegetarian cafe have been hit hard over the days of the summit. with no prospect of compensation. thursday and friday we have known one table on both nights so it is a complete contrast to normal. we are a little bit busier on saturday and we are getting hundreds of inquiries for those days but we tell people that they are going to face challenging, challenges getting to us, most are put off, which is understandable. having the summer a summer like this during a pandemic splits opinion. polling is busy getting her flowerbeds ready for the world leaders. it is only going to last three days. so that won't affect me. it will affect some people. but i mean, i think it is great for st ives. it is no

i couldn't go to tesco, i couldn't go shopping, i haven't been out of my house. far, our nurse has received five hours of training for this academy. the patients who have been offered a discount in exchange for being models. don't know if this needle might be a bit blunt? a panel of industry experts were shown what happened next at boss babes uni in liverpool. barbaric is the word that comes to mind. i would like to have stopped this procedure now. much of the footage is too graphic to broadcast. moments earlier, this trainer had punctured a patient�*s blood vessel. that is absolutely fine, yeah. there is no explanation from the tutor here as to what's going on. the patient should not be bleeding like that. there were also serious concerns about hygiene practices. the trainer stops her work so she can post a video on social media. and then send to my stories... and at one point, one patient smokes an e—cigarette. this is a medical procedure, and it needs aseptic technique, a sterile environment, and none of the requirements have been met. despite all the concerns

had to improve so when you build a huge system that i think, dido harding said was about the size of tesco at that point, recognising huge improvements had been made since then, at that point, was that a fair assessment? i then, at that point, was that a fair assessment?— then, at that point, was that a fair assessment? i think at that point it was probably _ assessment? i think at that point it was probably a _ assessment? i think at that point it was probably a backward _ assessment? i think at that point it was probably a backward -looking i was probably a backward —looking assessment, at that point we had a very large system... its, assessment, at that point we had a very large system. . ._ very large system... a fair assessment _ very large system... a fair assessment of _ very large system... a fair assessment of what i very large system... a fair assessment of what had . very large system... a fair- assessment of what had happened very large system... a fair— assessment of what had happened to that point? it is assessment of what had happened to that oint? . assessment of what had h

it was a mill town, now the main employers here are foxes biscuits and tesco.ect them. most of the events that: , i think - that directly affect them. most of the events that: , i think children | the events that:, i think children need to get more involved in the community because it is their future. , ., ,. , future. outside of the school, this feelin: of future. outside of the school, this feeling of community _ future. outside of the school, this feeling of community is _ future. outside of the school, this feeling of community is being - feeling of community is being isolated and misunderstood has led to some changing their votes, particularly in the muslim community where previously many supported labour, but not worse —— now some are questioning where their political allegiances lie. this a political allegiances lie. as a block of individuals - political allegiances lie. as a block of individuals who - block of individuals who traditionally found a home within the labour party, we felt that we didn't recognise that many more. it wasn't our home. there ha