latest in bank consolidation is that bankia is buying banco mare nostrum bankia plans to raise capital to fund the deal. a lot of red there except for bankia banco popular at zero. > >>>. >>> schaeffler cuts its profit warning. they see the 2017 adjusted eby t ebi at 11% to 12%. >>> stada takeover bid fails the vote was close with support for the move falling just short of the 67.5% required. the chief executive says the shareholder's decision provides a mandate for the company to press ahead independently. let's look at sistema shares they're slumping after a russian court arrested some of its assets in an ongoing legal battle with rosneft. the country is suing sistema for over $2 billion and says the arrest of shares was a security measure. >>> we spoke to sistema's ceo about the spat with rosneft. >> we think the claim is pretty much baseless. i can only state what i see in the papers, what i see in the papers is something that from my point of view does not have a legal basis, and this is something that we're going to prove. >> a dovish mario draghi is defending the ecb's ultra loose monetary policy stance at a town hall meeting speaking to an audie