. >> do you have a view on acadia? obviously, the pe multiple is rather different. >> i watched it. and i have mentally screened it out of my universe completely because so many years have gone by with no revenue that i can pretty much, you know, value. it's nice they've done a deal with morrison. morrison is a company we might see as having a bit of a self-help story. but ricardo, i'm not key. >> we're going to come back to that. don't move a muscle. we want to get a quick earnings update. swatch is trading at the top of the stoxx 600 after the watchmaker reported a 20% drop in profits for 2014. shares in the swedish banking group seb jumped after the company posted a better than expected profit of 5 billion swedish crowns for the fourth quarter. the group says it will pay out four crown aes share for 2013, way above analyst expectations. don't forget, at 10:40 cet, the qfo of seb will be speaking to cnbc about the company's results. >>> a 6% fall in revenue for broker icap. the british banker activity is reducing activity and new regulations hurt the firm. >>> meanwhile, syngenta