there was morris caroline hyde. -- here with more is caroline hyde. >> sales up. profit up.in general trust are managing to cut cost -- and general trust are managing to cut cost. u.s.gely popular in the >> if you want to follow the kardashians, get that app. >> it is also about job hunting, bargain-hunting. it has a groupon type company where you can buy daily deals. selling jobsite. it is trying to focus in on its getting outbut also of jobsite. also, the big one. >> the website you have been on 24 hours a day for the past five months. >> i jumped on the property bandwagon. i'm selling my flat, i am looking for another one. zoopla. they are looking to cash in on the tech storm and the property storm in the united kingdom. this is a company that is worth one billion pounds, analysts say. lucre. zoopla is not only their website , but also smart new homes, prime locations, homes overseas. myi have used it for location over here. of frothyng advantage markets. perhaps the bubble is being fueled by market rampant speculation. shares have risen 30% or so. >> look at some of the

caroline hyde the details. what exactly do we know? >> a statement was put out yesterday stating that glaxosmithkline had received an open formal criminal investigation into the commercial practices. that is what the office in the u.k. has told them. this is amid bribery case is being handled by the chinese police to glaxosmithkline in china. ofthis is a month investigation. two of them coming together. >> much wider than that. in china, mark riley who led the , it is alleged he offered bribes to doctors and return to -- for using glaxosmithkline drugs. , it is alleged he offered bribes to doctors and close to $500 million of expenses, treating and sexual favors. this is concerning stuff. plaxico -- glaxosmithkline said it is committed to operating the business in the highest standards. there are not just allegations. >> this is what is phenomenal. china started the investigation in june 2013. since then the probes and investigations of spread. allegations of wrongdoing in lebanon and poland. , the not forget the u.s. justice departmen

here with more is caroline hyde.t a great trend for vodafone. >> this is a company that is very exposed. the sales come from germany, u.k., italy. they had to take charges in the last year. spain, romania, the list goes on. when you are analyzing the independent standalone, there is much hope that it would be supplied by overseas. atlantic would have to face them on their own. they are not making calls as much as we used to. we can use skype and messaging. provided need the data by phone providers. now, they are trying to lure us in to get us using faster connections. the have to invest in that. that is sitting there earnings. the earnings are going to be worst. they have not grown in a year and they are telling us that next year will be even more poor because of the investments they have to make. out ine stretching spain, and germany, it is not paying off. it is a long-term bet. >> vodafone being alone, independent, not being part of a takeover. >> wehat worry investors? got a deal. a $48.5 billion deal because at&t

now they will start the debate. >> our european correspondent caroline hyde.elerating inflation. biggest in two. all the details next. -- biggest into decades. all the details next. ♪ >> time for today's company news. google is moving to comply with the recent european union court ruling that protects the rights of citizens to the forgotten online. wikipedia cofounder jimmy wales will help advise it on the decision. unveils a cloud computing partnership. available on microsoft windows and windows phone operating software. this signals a thaw between the two longtime rivals. microsoft's former chief executive won the bid for the los angeles basketball team. owner donald sterling was banned from the nba for life after making racist comments that were released to the public. this isback, "countdown." 7:15 in london. steve ration is a thing of the past for japan. rice's rise by the fastest in more than two decades after last month's sales tax hike. >> good morning. this has been good for the boj. we have seen inflation start to take up. . fairly clear as to the ju

here with a preview is caroline hyde.oks like vodafone is on its own for now. >> going it alone and that is what goldman sachs analysts are saying. m&a in terms of vodafone being a target is really far less likely right now. i cut the price target going coming intotock and neutral. there was so much speculation whether at&t would come over from the atlantic and snap them up or whether softbank might come over the atlantic as well. companies based in the u.s.. usa ank is buying t-mobile so m&a off the agenda and we are million -- the 400 million customer provider. this is a decent bed. it will take a long time. gradual recovery and this is what we are expecting today. we get for your numbers coming from vodafone. europe is exposed to 77 -- 70% sales. >> they have big exposure in europe. price wars are taking lace and the sluggish economy. >> some of the markets are looking to offset some of that and they have not had the best agent, similar themes as well. they are doing well in south africa but this is the new normal for

here with a little bit more is caroline hyde. i just mentioned ubs. what is your take?> i do not think it deserves to be the worst performer. it is lacking the blowout numbers. many are pinning many hopes on the world cup. this is a company that is going to have 32 exclusive live games of the world cup. they are sharing with the bbc, the coverage. the world cup brought in 47 million viewers for itv. many thought this would lori and -- lure in the advertisers. not blowout enough, so say many. maybe the market got to euphoric ahead of the itv numbers. >> thank you for that. head of trading strategy over at citigroup. before he went to the break, we were touching on europe and the conversations with various investors. what is your view? what is european qe? the way our economist have been describing it is a three-step approach. the first one is to lower rates. the second is to ease credit conditions because negative rates on the deposit side may have some compositions -- consequences on the repo market. the last up is what everybody is waiting for. large-scale asset purcha

caroline hyde on the latest from lloyd's banking group. week to go until the next e.c.b. policy meeting and central bank officials are in the portuguese town at the first e.c.b. forum. jonathan ferro has the details. it is the new jackson hole. the european equivalent of jackson hole. what kind of action are we looking for from the european central bank? what is being talked about? >> the expectation is significantly nire next week. we have had two very important speeches from mario draghi over the last couple of months. one was april 24 in amsterdam. that was very important. but yesterday gave really extensive detail on the reasons behind low inflation the policies they could use to address that. the decline in prices. a big factor has been the strength over the euro. 80% of the drop of inflation the euro-zone. that is significant. these are what they called common factors. he was pretty straurd about it. if the exchange rate was tied to the financial conditions, the way to address that is with a rate cut. cut for the deposit rate. you ca

caroline hyde joins us with a recap.loyd's and the banks. >> we are expecting lloyd's within the next month to start selling shares in tsb. will be up forat grabs to begin with. that could be up to 300 million pounds. tsb's general consensus view that it is 1.5 billion pounds in total value 25% to be sold first and the rest by 2015. europeans get a chance to get onext.hands on the euro n will be looking at this particular sale. the likes of pete -- bnp party bus. all eyes on new shares to be bought. >> of course they have access to the whole clearing outside. what was your take away from that, and what can we expect today? >> comprehensive speech delivered from mario draghi yesterday. he in a cave at that rate cuts are really on the table. almost everyone expects a rate cut. he signaled the credit easing, supply of credit, demand for credit over the coming year in not just the whole of the eurozone very here's looking at portugal and spain. that is really the big debate right now. how does he debate those issues in those

. >> and i am caroline hyde. also coming up, the father of wearable computing joins us on "the pulse." he has been wearing a cyborg eye for 30 years. >> rupert murdoch is reviving a plan to build a european paid tv empire by combining sky dortch land and sky italian. y georgia land -- deut scheland and sky italia. what is murdoch's land here. >> broken by my colleague sitting right next to you, it is to take 20th century fox, one of the two companies that murdoch now has, and to have it, through his control of b-sky-b, take full ownership of sky d eutscheland and sky italia. it has a 100% stake, fox foxrols this aspect of it, has that stake. you combine them together and what you would really bring is a pan-european company that can negotiate on sports, advertising, and it can combine all of those subscribers. deutee growth in sky scheland. a bit stagnant. i know all you are interested in is can you watch more of your bundesliga this way. i suspect you will be able to watch more of it. >> give us a feeling of wha

caroline hyde has the details. roline, a bit of a balancing act for google. >> a very difficult balancing act. they have to judge what is damaging, relevant information from what is in the public interest. from today, you can go online and get rid of links to information you don't want the world to have. if you are an individual, you can get a full lineup that links from other sites. the way you do is fill in the form and give the link of the offending material coming to your country and you give your reason. is the data out of date? is it irrelevant are damaging. will have to come to the confusion as to whether or not it is parrot of the can make the decision, when it passes it over to the data protection agencies, so worried are they by the deluge, and even germany is thinking about setting up a whole new class of court. this is a very difficult balancing act. we have a task force to beat all task forces to really help come against his eu decision. you have the wikipedia cofounder and members from the u.n., they h

caroline hyde is here with all the details. stocks down. profit beat. why? >> a little bit of caution, just slightly. it looks as though they are a little more tentative on margins. fxis all about the headwinds. the strength of the pound is not only shaving off 30 million. it is going to knock off 40 million pounds. it is that much more material in terms of the affect. that seems to be the issue going forward. otherwise it is ready power. . profit update or said. sales up 17%. they say the focus of the growth is clear. it is japan. back licensing. they are going to be an charge of their own. beauty as well. they said they have taken licenses. they are going to be distributing their own makeup. very against the grain with what you have seen and the rest of the industry. they are in control of their own destiny. a are going to be looking at new recruit. a new female. >> you showed us that. .he is a strong woman >> they lost the chief executive. she has gone to apple. interesting what they will bring. in charge ofe media. she is going to be a new admission at t

here with more is caroline hyde. what is going on? >> from today, if you are european, you can block the evidence. you can block links to a damaging out of date information. links to that information on the european websites of google. google.co.ok, google.fr. this is after an eu ruling declaring that you have the right to be forgotten. this is a very difficult balancing act. google now has to decide, where does it block imaging private information? so difficult is that balancing act that it brought in a killer task force. they have got jimmy wales, the cofounder of wikipedia. they have members of the u.n., law experts, academics, all to debate the ethical and legal challenges posted by the web. that allows me as a european to decide that i don't like the information out there. form,download an online give them what country i am from, give them the link i don't like, and give them the reason why i don't like it. then google ring together people , not algorithms, they debate whether or not it should be taken down. if they can't decide,

caroline hyde is with us now. the daily mail is a wide-ranging company. mail and general just focus on that for a minute. if you are business hunting, you have media outlets for this. if you are job hunting, business hunting, you have a groupon daily deals website. .aily mail online hunting, you have the jobsite and the main thing, car hunting. just a look on the numbers we are expecting. this is a company that is not completely dependent on advertising alone. >> but it could have a beautiful day if it announces zoopla. >> they have more than 50% stake in the company and it could be orth one million pounds more. it's only 7 years old. you also have a sister website, prime location. looking at the stats of zoopla, 26% increase in the first half. the web traffic is going through the roof. now they have 40 million including myself. i'm constantly logging on with vm session with house prizes. my obsession with with house prices. justt then some of us are curious, not intending to buy, or nosy. do we treat zoopla like a housing related company or a tech stock?

our european business correspondent caroline hyde joins us now. ? expect from the ceo >> increasing sales and profit. pretax profit of less than 5% and we will look at how the stronger pound will have effected overall bottom line. march theths march to pound gaining against the dollar some 9.5%. when you sell a lot and abroad -- abroad, less for the pound when you turn it back. looking forward to 2015 and how much it will hurt going forward. they aremore new space adding on will help the bottom line as well. he was talking about the value of the brand going up in the luxury space. burberry is the outperform heer. it is the eighth most powerful luxury brand but it is up 42% in the last year. really cleverng in social media and dominating the digital space. >> we expect to see christopher bailey to continue with this. a littleis online push further and indeed doing it with makeup and perfume now as well. >> with her departure, it is the love of digital. if social media does attract a new audience, actually building. we look at how others have done thi

here with more on the numbers and the story is caroline hyde. take me through the numbers.re is a lot of business in this group. >> you and i are typically house obsessed so let's steer away from that. youy mail tracks whether are celebrity on thing, job hunting, this is the company that had assets for it. online, thely mail most popular website. >> i find that amazing. >> it is all about pictures isn't it? >> lots of gossip. up 16%. up, profit cost savings are helping with profit but it is all about property management. this is why they are looking to dispose of job site. they are selling that off to axel springer, the german media company. they are getting money into that. notably it is all about the initial shares sellers. >> that is the big one. what is it worth? take me through some of the big traffic numbers. it isy seven years old, the second-biggest property website in the u.k. it is prime location, smart new homes. as well as managing third-party websites. worth about one billion pounds according to analysts. the scale of growth for the company, 40 million people a

caroline hyde and mark barton will be helming the show. my conversation about manchester united.else have you got lined up? who is justot mark vaguely obsessed with manchester united. we will be continuing that conversation. of course it is gdp day-to-day. we are getting italy's figures out at the top of 9:00 and also the eurozone at the top of 10:00. we will be digging into those numbers, seeing why france and italy remain the laggard. we are talking through the new normal and the new neutral as pimco has now coined the modest trend growth that andrew balls for sees. also digging into the eurozone numbers with david allen's. he has got some interesting views of what he anticipates the ecb to do, how mario draghi will inflationhe slowing that david sees across many a european country. and of course our standout interview will be with the head of adidas, the chief executive will be talking to david from germany, digging into the outlook for the german economy. also, the outlook ahead of the world cup. we were busy -- we will bring much more to you. >> looking forward to that. make

here with the story is caroline hyde. where are we with this?e have been investigating. >> chinaeally serious has been investigating ten-month but there is no direct link between the office. we do know it is the first confirmation that there will be a criminal investigation into sales practices done by glaxosmithkline here in the u.k. the office will be doing be investigating. it does not say it is linked to china, but you think you -- have to think it is is because it was two weeks ago where the chinese police handed the chinese unit of glaxosmithkline the repercussions, the finding of a 10-month investigation into sales practices which they say allegedly were bribes, bribes to doctors, trying to get them to use glaxosmithkline drugs. >> this was bribery in the old-fashioned censored they doctors -- allegedly, thank you for keeping me on track. it has impacted sales. there is an issue of trust here. >> we saw sales down about 10% last quarter. the profit was down 18% in their first quarter. this is not just china. we are seeing 46 employees ide

caroline hyde will talk about reebok's new fitness regimen.p on "the pulse." >> it does not look like summer outside to me. "the pulse" coming up very shortly. $ next, would you pay billion for a car that looks like this? a company is betting that you will. we will tell you why next. ♪ >> welcome back. you are watching "on the move." i'm guy johnson. for the design minded car buyer who longs for the style of the 1950's, a company called icon cars can meet your needs. the upgrades on the inside of that car will let them charge up to $1 million. we spoke to the ceo. starts]ine >> a 1952 chrysler town & country station wagon. car basically inspired me to do the build. apir ---eap repair it. we are an alternative transportation company. the idea is to take modern technology and integrate that with more storied athletics, back -- aesthetics. back to when cars were more of the design product. automobiles and desing are -- passion.re my main i want something that behaves like a new car that is a lot more -- active projects currently from aston martin

joining me, jonathan ferro and caroline hyde. futures are a little bit lower.nch data. is that what has taken us a little bit lower? >> that is a pretty lagging indicator going back to the first quarter. you have hit decade-highs on the ftse. you have touched these numbers and we haven't gone through them with any conviction. we have been flirting around these levels for a long time now. that's where we're at again now. >> we'll see how the markets actually get going. we're off 18 points. caroline, dixons-carphone. >> they are going to be dixons-carphone. they are coming together to save costs. 18 million pounds they estimate they can save by 2018. also it is about scale. about expertise. they have the scale on the high street together. 3,000 outlets, not only in the u.k. but also in greece and scandinavia.

here with more is caroline hyde. nestle once again splashing the cash. is howbillion dollars much they are spending. katscompany that makes kit- wants to refine your wrinkles. that is the area they are going into. they want the right to sell value products -- valiant products. filler and toxin is what they have bought, but it is all about revitalizing your skin. it is an interesting tactic. they are getting further into beauty and skincare. just back in february, they spent free $.6 billion adding their hands on control of their joint venture with l'oreal. that is a dermatology business. psoriasis,d on acne, really over-the-counter, but sometimes prescription, drugs. management wants to get out the wrinkles, we think. it is a dominant player in food and beverage and also in baby formula, water. competition, worldwide. we are seeing a rate of growth for nestle using up a little bit. but beauty is surging. we have emerging markets, middle classes, china, japan. in india, these sorts of areas are very focused on buying into beauty and health care. you can g

i am mark barton. >> i and caroline hyde.rces have dislodged separatists from two rebel bases in the east. the president says the government is working to expand constitutional powers to >> allow for local self-government. to> credit suisse close reaching a 2.5 billion dollar deal. the bank might plead guilty and paid the fee to the u.s. justice department. the prose investigates rather credit suisse help americans evade taxes. >> india's electoral commission wons the opposition bjp has enough seats in parliament to form a government on its own without the need to form a coalition. candidate narendra modi tweeted "india has won." >> let's look at your pm equity markets. -- pathetic numbers out of countries. dax off.down, about then significant rally in treasuries. the yields on treasuries kept coming lower. up a basis point today, 2.5%, 10 year. this?s behind i spoke to a man from hsbc who told me earlier this year we are going to go to 2.5% by june and 2.1% by the end of the year. last year, the yield on the 10 year was 1.6%

here is caroline hyde.are expecting a drop in expecting no come things to improve, sorry, at easyjet because of the business traveler? >> it's still a loss, but rough and ability is improving. the company has a well placed that on the business traveler. seating two years ago, the focus on the real hubs, milan and rome, but also opening routes to moscow and the like, bringing business travelers, offering them a premium, and it is winning out. though easter came later this year, that should weigh on the numbers, but they are better. sales rose five percent. not just talking about low-cost players, but you are talking about some of the incumbent airlines, some of the whetherriers revisiting they should be offering low-cost airlines as well. >> that was the trend, wasn't it? looking atfrance short-haul flights because of the bang for the buck, but many may be reassessing short-haul flights as they see the likes of others and ryanair and and norwegian airlines managing to eat into this area and the business trav

caroline hyde is here. >> we are expecting a boost in sales.t themselves up to be up five percent of their expecting optimism for what they will pose for the second quarter. largely tad to the people world cup -- to the fee for world cup -- fifa world cup. and the analysts saying the world cup will boost perhaps revenue by two percent. it is notable they have 32 exclusive games, according to itv. to have the final with the bbc. last time, 47 million people tuned in to itv to watch the world cup. 2.2 billion tons of beer were drunk as well. itv is going to be a bit of a winner even if england is not. >> don't be a skeptic. it's too early for that. >> i cannot wait. i'm china catch up with my own newspaper story. content is also pretty important. >> really interesting because left field acquisition came at the right moment according to many analysts. the independent producer they reach elite -- they recently purchased, it is $360 million but then you have options to have $800 million at the upper end if profit targets are met. and big acquisition

for more, caroline hyde. tell us about the motivations. this is a huge deal. this could be the third biggest &a deal a deal -- m today. huge amounts of money that we are talking about. huge amounts of competition because we have already seen comcast looking to join together. comcast tried to buy time warner for $68 billion. this is going to produce huge amounts of competition within the cable industry and this is why directv seems to work in its strategic favor. directv has pressure, it does not have an internet offering. it does not have a phone offering. -- there is pressure on directv. at&t wants more tv to add to its lineup. a video service. wireless, phone, high-speed internet. that tv has got the relationship with content -- directv has got the relationship with content providers. this is an area that at&t really wants to ramp up. communications is the second most act of area. to add what he wants more content. >> is at&t going to have to move for regulators? >> the chief executive of at&t has said they are making unprecedented concessions to get this th

caroline hyde has all of the details.cautiousness profitability going forward because the british pound associate on. it is up again. minutes on the data. that hurts the u.k. companies that export a lot, that have a lot of sales. bring it back home, less money to your bottom line. nevertheless, it sounds strong other than that. half it is up 8%. sales are up 17%. both beat analyst expectations. it looks like christopher bailey is following her lead. they are expanding their beauty, expanding in japan, ring back their licenses, gain control in japan. that will hit the bottom line. withey did the same thing their overall retail business. they brought back their franchise in china because they felt that is where they can have control of the brand. >> you heard our interview. we have exploded the myth that you get in cheap, sell high. experts said it is a complete myth. when youhyde, it is sell a lipstick for 15 pounds, in the hopes that they will aspire to something greater. >> in the earnings statement, it the, already by h

correction i am caroline hyde. a boutique blast fromhe

here is caroline hyde. how much -- to what extent is compete with the time warner cable-comcast merger? >> that has to be front and center. content is king. at&t has phones and internet and a little bit of tv content. it does compete with the time warner cable-comcast merger? have a video service, but it has to add to its arsenal. they can do that with content from directv. the silent company has a head start with making internet channels. -- the satellite company has a head start with making internet channels. what is in it for direct tv? it needs scale right now. it has seen the satellite market, consumers are looking at streaming rtv content -- rtv content via netflix. it needs a bigger partner. at&t can provide that. it would make it the third &a story so far this year. this will be 70 million customers if you mash them together. >> it is all about this trinity of phone, rock band, and video. -- broadband, and video. there are regulatory concerns. >> this is a real worry for the likes of at&t. directv w

here with more is caroline hyde. let's start with tsb. how much is the offer? >> 25%. it has been estimated that it is worth about 1.5 billion pounds. 370 5 million pounds could be up for grabs as quickly as next month. so far, it will be going to institutional buyers. they will also be depending on retail investors in a big way as well. people sitting at home, 2000 pounds they might want to put to work. and a bit of a bonus as well. if you are that retail investor, freeu buy 20, you get one if you hold onto it for more than a year. there have been a few concerns about flotation recently. because of the bailout of lloyds back in 2009. bailout back in 2009, they agreed that they would eventually have to do this and now they are making good the -- making good. >> also, investors can buy into your next -- euronext again. >> they can. listings, manage your those shares will go to trade, but also trading of derivatives, trading of shares. all of this is done on the likes of euronext. they control trading in europe, amsterdam, paris. u.s. company bought them up in 2013, but

here with more is caroline hyde. fresh, not so fresh. >> i shower.trying to get cool back a .d focus on its roots back in 1890, the original reebok developed trainers. in the 1980's, they brought fitness to women, particularly with the step. getting everyone into the studio. sales have not been great since in 2006,ught reebok sales have deteriorated four out of seven years. they are starting to get that back and feel momentum because of the focus on fitness. they want to be the number one key player in that area and they are channeling money that way. i spoke to the key person of reebok come up not as will -- i spoke to the key person of reebok, matthew o'toole. our marketing all efforts behind fitness. hundreds of millions of dollars in activating this new form of fitness. hundreds of millions on what you just saw behind matthew black boxes. you are surrounded inside by a 360 degree cinema. it is like working out in an imax cinema. i went in and tried the body jam, a dance workout. they put it together with les mills, known for body combat. they fra

. >> and i'm caroline hyde. this is the pulse, live from bloomberg's european headquarters in london. murdoch is reviving his plans to create a europe pay-tv empire. for more, we're joined by reporter --ws deals what is murdochs plan here? >> we don't know it is ending is. her greatcording to reporting. acording to fox, he has about 37% stake in b-sky-b. in skya 55% stake deutschland. italian and the german sky providers are sold to b-sky-b. then they would have inevitability to negotiate advertising and get access, the rights and programming rights on the backend. you have one unified company that can have a footprint in italy, germany and u.k.. here's interesting thing, murdoch would still only have a minority stake in that company, unless these are cash and stock deals. then do you get the majority a majority percentage. what we will be asking in the next couple of days is what the regulators have to say? they can throw a spanner at any time. of course, it is always a challenge when you're dealing with multip

caroline hyde is watching easyjet. david, why the earnings drop that airbus?we saw some aircraft deliveries being deferred, particularly by the asian airliners. the number that we come in with, third quarter deliveries, 141 planes a year144 earlier in the first quarter. consensus earnings came in about 10% better than consensus expectations from analysts. the share price is up five percent. for the year, it has done about seven percent. still, it is moving in the right direction. the reason why we got better than consensus earnings is because of better margins, particularly in airbus commercial, the division that makes the marshall aircraft. two thirds of their revenue now are. the good news now is the a380. they look as if they are making much better progress in their cost control of the a380 and they are on track to make that aircraft break even by 2015. so that is good news along with another bit of good news, that -body, they are on track to deliver that to guitar by the end of the year. by the end of the year. this is a gradual story of improvement that i

we are joined by hans nichols, jonathan ferro, caroline hyde.estion on doing business with credit suisse. you were very brave. it is a litigation minefield. what is the sense you got from anshu jain? it seems that the fears over capital been displaced. >> well, i think there are a big takeaways. -- a couple of big takeaways. deutsche bank still has global ambitions. they think they are the last man standing. i think they are one step ahead. they think -- are they one step ahead of regulators? are they one step ahead of a potential lawsuit stateside which would have more litigation cost? other one step ahead of their competitors, who may also be meeting more access to capital? the answer could be all three. what you see there is a confident ceo making his case that his bank is well capitalized for any contingencies. of course, they have no idea what those contingencies are. no one knows until there is certainty on the litigation cost, either in the states or in europe. >> thank you. >> what matters with credit suisse is what anshu jain did not me

. >> and i am caroline hyde. >> we begin with our top story. pfizer said to plan a sweet and -- a sweet takeover bid for astrazeneca. westminster is at with more on what we can expect. the countdown continues great -- the countdown continues. >> the countdown continues from that conversation we had earlier with a labour mp. clearly, the ceos are going to face some hostile questions about what their intent is. why are they doing this? are they doing it for tax reasons? there is a different tax regime in the u.k. versus the u.s. or are they doing it because it makes sense for their investors, their boards him a their shareholders, and they want to grow the company here and create jobs? these are some of the questions that will be posed. the committee starts in about 15, 20 minutes, will go on throughout the afternoon. it is really a question for ian about whether or not he has any allies on the committee or will it be all hostels -- h ostiles? he is going to have a challenging day. >> how does this deal take -- stack up with other takeovers of u.

for more, our fitness expert and european business correspondent caroline hyde. >> they are going backat they do well. reebok was founded in 1890 and maybe first-ever running shoe. they are getting away from basketball and football training. and focusing purely on fitness. how to dominate that space. yesterday, it was fun mark. i went down to tower bridge. vemmersi the project fitness. they are black boxes with the 360 degree cinema. you do personalized workout programs developed by reebok. there are fitness programs that they franchise out. jim's can use. it is a certain way of exercising. they want to have the same concept. franchise these out to gyms. you can go inside and surround her self -- -- surround your self. festival orhe music club, screaming. >> they get your energy level going. >> exactly. but it is peaceful if you want your gut. you are surrounded by the horizon and birds. it is new zealand. over mountains. that was sensational. that did work. that is what they call studio work out of the next level. they have classes called, the trip. it is all about the products it wil

mark barton and caroline hyde will take you to the next couple of hours.erview with paula radcliffe. follow me on twitter. i will be out tomorrow morning. join me for interviews across morning programming. do not miss that. ♪ . . megamerger. b-sky-b is in talks to snap up german and italian assets. >> upping the ante. considering meet to -- to consider widening sanctions against russia. this is as eastern ukraine votes to self-rule. >> and xi says china needs to adapt to a pace of slower expansion. welcome to "the pulse,"

what is going on with the british carrier, i will bring in our european business correspondent caroline hyde don't look right. -- don't look great. >> we're not seeing people spending, splashing out. wearingeeing people contracts, turnover. we haven't seen growth in service revenue for a year now for vodafone. it is the second biggest mobile carrier in the world. clearly, what is more worrying is next year, they're telling us and will continue to deteriorate. see, charges being taking in germany,pounds spain, portugal, czech republic, romania. all these countries are very dependent. they're trying to woo us all in, using faster internet. how they do that? by spending greg. $19 billion, project spring is what they're calling it. you have to build those cables and the broadband infrastructure. as an independent vodafone hold its attraction for an analyst/investor or not? does look like at&t may be looking to make another bid. the grand plan of at&t was to come across atlantic, going to europe. in stead, they have to fight fires at home. snap up directv, 48.5 billion dollars to come against the

i just spoke to caroline hyde about this in london. in front, the memorial has been out for two years. michael mckee and i wear there the day president obama and president bush and the first quietlyalk lightly -- around it. the gorgeous waterfalls. they're deeply moving. in the background is the new museum. >> it is a little hard as he from that picture, but those waterfalls just fall down into the ground. that notion of the world trade center's coming down, falling down from all the people in there, so it is a dramatic moment coming. go. >> what else do we have? >> janet yellen will be speaking at 7:00 this evening at the chamber of commerce. >> will shift chicken, beef, or fish? >> i'm guessing with chicken. >> i don't think that is a request and. >> let's get a data check. is, 1.30ook where it 657. all of this correlated to the low yields. onto the second screen. 12.17. still complacent. there is a 30-year bond. just grinds in as well. shows the dynamic there of an ever weaker euro. ruble --i never show this on "bloomberg surveillan

. >> and i am caroline hyde. we begin with the bank of england. the pound is rallying as mark carney gets ready to give the latest quarterly inflation report. jonathan ferro joins us in the studio. clues, what clues could we get? >> 9:30 u.k. time. .rowth set to come in unemployment above seven percent. you have all of this talk about slack and spare capacity in the economy. look for wage growth. two guys who used to work at the bank of england say that is a reflection of supply and demand in the labor market. ,hen wages start to pick up that is when you start to see that slack. we have real wage growth now. is coming down. >> that is a big point. >> and only if you have a bonus. >> excluding bonuses, and it is still just below inflation. it is starting to accelerate away. the pressure on the bank of england is going to build and their excuses to do nothing -- >> the pressure on the bank of england to do something about the housing market on the sbc next month. >> mark carney may touch on it today. the boe referred to this as the brightest light o