i'm mark barton. >> anna edwards and i anna edwards am. here is more on the french economy.have france growing by 0.3% in the fourth quarter of 2013. that beat the analysts estimate. only two quarters of growth in the past. we have a bunch of data to come to the morning. 0.3%.- in terms ofth david technology and revolution in germany. germany is the growth engine. responsibility to really drive up demand in france. likewise with italy. deliver agot to growth number because they have had the longest recession since world war ii. you have a state of political chassis in italy. going for a new for government. overall, 0.2% for the whole of europe. that is when you begin to put things in a global context. a rise of 0.2% for europe would contrast with the u.s. which has percent. over three you begin to understand the debate that jack lew delivered. countries -- their responsibility to drive demand. those are the comments coming through. suffering from a disinflation cycle in europe. a threat -- the threat is you are looking at a japan style economic threat. that draghi himself de

i am anna edwards. 6:00 in london this wednesday morning. standing byters are and ready to deliver stories that will drive. i -- bloomberg reporters are standing by and ready to deliver stories that will drive your day. and talks to sell its japanese pc business. and facebook footing pressure on rival, twitter. at the had has a look commercial future. stay with bloomberg. from an auto expo, ralf speth. he is expected to make an announcement that will impact the markets. that will happen later on during "countdown." they also got the chance to sit down with philip green, the majority owner of the arcadia group. he has nine retailers, including top shop. interview onhat "the pulse" later on. eye oneeping an operating profits coming in at 2.3 one billion francs. this is swatch, the watchmaker based in switzerland. sales have been very. they expect a healthy growth in 2014. they say they are in an excellent decision for long-term growth. let's get a look at the markets. management are advising clients not to panic. that is after equity suffered

." >> i am anna edwards. we are getting numbers from france's largest lender, bnp breaking earnings right now. let's get straight to that. >> a surprise drop in fourth-quarter profits. $1.1 billionide tied to a review of payments to parties subject to u.s. economic sanctions. 76% to 127falling by million euros. the lowest quarterly results since the fourth quarter of 2008. it is a mess, missing the one billion euro average estimated by analysts at bloomberg. decision after it paid to settle u.s. allegations carried out in proper transactions with countries such as iran. the company also announcing today that it intends to increase return on equity which is a measure of profitability to 10% or more by 2016. return on equity stood at 7.7% last year. it will present its three-year of element plan to investors next month. france's largest bank because of this legal provision in the u.s. missing fourth-quarter earnings estimates. >> the cfo spoke to bloomberg in paris. he said the retail bank was resilient but the

. >> and i'm anna edwards.loomberg report is a standing by around the world ready to deliver the stories to drive your day. manus cranny is ready to steer latest dealings with dongfang. >> covering clashes in the ukraine and jonathan ferro is focusing on the u.k. ahead of the latest unemployment data and minutes from the bank of england. givefore all that, let's you a few more reasons to stay with bloomberg this morning. we have some big interviews coming to you. we will be speaking to the ceo of the fourth-largest brewer, joergen rasmussen. >> the peugeot executive joins bloomberg, his first interview of the day. --let's look servo into let's look further into the numbers from peugeot. they're beating analyst estimates manus cranny joins us now with more. >> this is quite a bit better. the loss, 177 million euro and the market estimate was for 247 million euros. it looks like they have beaten on the self-made target. target was to reduce the cash burn by 50%. crash,uld generate hallelujah. in the latest they s

all the details coming up next. ♪ >> i am anna edwards in london."on the move" on bloomberg television. " is coming up at the top of the hour. carlsberg's chief executive, joergen rasmussen will be on the program. on the give his thoughts latest numbers from that brewing business. don't miss the interview with the ceo of peugeot, philippe varin will be joining bloomberg for his first interview of the day. the u.k. and saudi arabia have agreed on increased prices for-jets. by ourjoined now bloomberg reporter. give us your initial thoughts here. this is all because of a fairly complicated sounding contract that was signed many years ago. had some flexibility about pricing built into it. >> the u.k. and saudi arabia agreed on the deal for 72 typhoon combat jets. there is a clause in there that as price would be adjusted economic conditions changed. for over a year, they have been haggling over this. this has finally come to pass. it is a boost to their earnings and a yield of nice cash payment for bae because some of these airplanes have now been deliv

i'm anna edwards. >> i'm mark barton.of interestingly the shares may be valued lower than they are currently trading? today we are seeing there will be further write-downs to come and get over. we have some asset sales to occur. we'll be waiting for the sale of the u.s. midwest banking business. >> just don't know when that will happen. overhang,is a large and let's be clear, the government wants them to sell this. it is a very large overhang, keeping some shareholders away. much is this company depended on the recovery of the u.k. economy? they are talking quite positively about the u.k. today, saying they are seeing signs of recovery, increased confidence in the u.k., talking about improving credit quality, decreasing risk to lending. if you factor in these valuations, strong recovery and the u.k., how high can the share price go? >> the answer is not quite enough yet. the government wants them to be a purely focused u.k. lender. still have a very strong role in the retail part of the business, and we know the u.k. is g

i am anna edwards. >> i am mark barton.or of gravity director for the science fiction directed harrys potter. our next guest is the director for- he is finance films ise king's speech." the u.k. becoming the preferred hub for the filming industry. thank you for coming in. you missed a big party. we do appreciate it. >> he is missing a good party. we appreciate that. >> you were last -- you were there last night. pretty split worthy awards. gravity won 6. is that about fair? >> yes, i would say it was. it has been a terrific year. it shows the spread of influence of films in hollywood. "12 years a slave" is a british film and directed by a brick. -- brit. >> i know lots of the special effects are british. >> it was filmed. >> what is a british film? >> you answered your own found -- question. it was filmed here. being shot in hollywood at this moment in time. we are boasting fails. there are draws in california. things like "avengers 2." slave"said "12 years a was a reddish movie but was not shot here. is one that originated

anna edwards now reports. >> the dream when we started was not to stay a small business.to be a national brand. they quit their jobs in london and dreamed of setting up a business in the countryside making burgers. five years on, they are trying to get these london media booth a little bit muddy. deals with three major retailers and branching into other meat products. when the supermarket tesco came knocking, they realized they didn't want growth at just any cost. >> first thing is first, you sit down and do the figures. it didn't look commercially like a sensible move. it was a brand move, what were we trying to do? we felt like it had been five years starting here on a farm de, it wasn'ttra to go to tesco. >> maranda says muddy boots is still not profitable. so how is it funded? she says startups need alternatives to bank. go the back and route. we met some great guys. >> now the company is about to embark on a new let's muddy challenge. high street retail. >> we just strongly believe it. we like the shops that are doing something different and we were finding them. tha

i'm mark barton. >> and i'm anna edwards. investment authority, one of the biggest sovereign wealth funds, have a stake in many british companies. it spent $1.5 billion buying harrods. breaking the clock caught up with the ceo of the qatar investment authority to discuss his outlook for the store and other opportunities he may be considering. it has been a few years since our acquisition and i think we have done a lot in the number .hows the improvement we have put a lot of money into it and we are doing our best to take it to the next level. britishds is a big brand. is there any expanding? >> i do not want to disclose it that we have a plan on what we want to do, how we can do it. >> does this showcase your commitment to britain? >> it is one of our main areas of investment. we have harrods, other investments in britain, and we are welcome. we are happy to invest more. we are a global fund. reinvest globally. we diversify our assets you graphically with asset classes. >> president francois hollande .ent alone to the state d

i am anna edwards. talks about how to run internet access -- broaden internet access. did mark zuckerberg give us any hints of his plans? he said consistently that nothing was going to change. the area was crowded. i cannot tell you how long the lines were. there were around the entire area here. crowded out. but all they wanted to hear was about the $19 billion deal. -- he saidsistently that nothing is going to change. $.99 a year for free messages and calls. zuckerberg seem to agree. >> one of the important pillars of the deal is that it is going to continue to operate can clearly of thomas lee. they will use the services from facebook, other that is different tools and infrastructure, or help using the people at our company to grow different functions of the organization. whatever he wants to use, he will have the ability to use, but the vision is to keep the service exactly the same. >> work autonomously, that is what mark zuckerberg was saying. about noas saying gimmicks. no games. that is why the

. >> anna edwards. ent for aect complem bremont watch is a pair of skis.you how to survive an avalanche. that is after the break. ♪ >> this is "lunch money" on bloomberg television. i am adam johnson. the 2014 winter olympics officially came to a close yesterday. an interesting run at the sochi games started with a rough start. hold till and senate -- hotel and sanitation problems. it ended out well. snafuganizers even had a about to be ring that did not light up. country won 33t medals overall. the americans had a sweep in the ski competition. they will be featured on a special box of corn flakes. if you want to go back to like those guys, our international correspondent has an answer. a company that is using costly and surprising materials. >> made by hand for special customers. an unusual message. even more unusual materials. breaking the mass production alike aluminum and fiberglass, they use carbon fibers and rubber. materials too expensive even for top level racing. want the best available materials. we started with that. it started as a niche. >> hi

anna edwards, bloomberg.let's continue the conversation on entrepreneurs and we are joined right the managing director at startup boot camp new technology accelerator think tank. it's great to have you on the program. what your about company does and we talked about entrepreneurship being the backbone for gdp and 5-10 years. andneed accelerators mentoring and this is what people are asking for. >> you described it. them, over the space of three months, intense mentorship. it could have taken a year. it takes three months. the key thing is that we use a large number of people who know the industry and no funding and we give them access to different things. case, we need people from the financial industry and we need people who have their own startups and no how difficult it is and can share advice. we need people who are open to funding. typical and it is at the end of november, we have 300-400 overseas. our measure of success is if these startups get funded. >> this is one of the great things that london has

. >> and i am anna edwards.ome breaking numbers coming through from various businesses. nothing from taylor wimpey first. first off, net fees up by 1% to 363.4 million pounds. we have heard a lot about this business in recent weeks in the last time we talked to paul venable, the geographical differences between the australian business sought suffer a little more. he was positive about the u.k. business in the last time we spoke to him. it was the first time in six years they have been seeing a tick up in permanent employees in recent years. there was a big increase in candidate confidence and that was the backdrop to be strong performance they were reporting. let's get more details on the numbers. net fees up 2% and the operating profit is coming in at 67 -- 66.7 million pounds. the yearst half of they delivered 60.3 million pounds. they are proposing a dividend of 0.83 pence per share. last time we spoke to paul venable he gave a upbeat assessment of the u.k. economy saying that all sectors were doing pretty we

edward snowden action figure. all proceeds will go to the freedom of the press foundation, a nonprofit that added snowden to the board of directors. tucker, over to you. >> all right, thank you, anna arrested, rounded up on a list of charges, including conspiracy, violent crime and arson. julie has been investigating this. gillian, thanks for joining us. >> thank you for having me. >> so ten members of philadelphia's iron workers local 401. >> yes. >> based in philadelphia. had a group -- kind of hilarious. they called the union size. >> the thug. >> they sort of behaved like thugs. this indictment ties them to a quicker meeting house that was vandalized. somebody went in a few days before christmas. took basically a blow torch and targeted several critical structure points to the quakers. i mean, these are the nicest group of people. the indictment also ties them to an attack on nonunion workers at a toys "r" us are people were beaten with baseball bats and had to go to the hospital. >> what century is this? this sounds like something out of the pennsylvania coal fields. unions still have problems. >> yeah, it is. and i was surprised to see the indictment happened. what i found o