costa coffee, another coffee company, talking about recycling half a billion disposable coffee cups the that is not long way in, is it? how are they going to do it? 2020. that is not long way in, is it? how are they going to do mm is the bit inside coffee cups that is the bit inside coffee cups that is waterproof that actually makes them not recyclable, costa coffee had decided to set really ambitious targets to sort of address this issue and it is something that we as consumers we really expect to do today, recycling is a massive part of our society, we all drink a massive amount of coffee. they need to invest money into this and that is what they are planning to do. this article is saying to allow coffee companies to do more, well, why aren't they? is itjust coffee companies to do more, well, why aren't they? is it just that it is too expensive? yes, cost has been a factor. i think that social presses at massively increasing and companies do see this as something that they need to move forward with. —— social pressures. i do hope so, i think it is something that other companies need t

it's the biggest coffee chain in the uk and today it's been announced that costa coffee is to be splitread and listed as a separate firm. the move comes after pressure from activist investors, elliott advisors and sachem head, who together control about 10% of shares. whitbread will remain the owner and operator of premier inn hotels. after more than five days of being locked out of their online bank, tsb customers can now access their accounts. but the bank has limited the number of people who can get into their accounts at any one time, because it expects a surge in customers trying to use it. the bank's upgrade to its banking us media giant comcast has outlined details of its £22 billion rival bid for sky in a move that threatens rupert murdoch's £11.7 billion deal to take full control of the pay—tv group. after the comcast move, sky said it was withdrawing its approval for the fox bid. the government is stepping up fox bid. the government is stepping up its crackdown on illegal moneylenders who target vulnerable people. the treasury has earmarked £5.5 million to pay for investigati

the uk's biggest coffee chain costa coffee has pledged to recycle as many disposable cups as it sells by 2020. around two and a half billion disposable coffee cups are used in the uk every year and fewer than 1% recycled. each year we use 2.5 billion cups and hardly any, less than 1%, get recycled. the coffee companies are under pressure and racking their brains. and now the head of costa says he has a new idea. to put recycling bins in stations and offices to get them back in. we introduced a scheme which has been successful of recycling the cups in store but we also realised that was not enough and we did need to do more. that is why we've taken this step today. some recycling like this already happens. it is expensive to do on a large scale because the cups are a mixture of plastic and card. but costa says it can be done. at the moment waste collectors are paid £50 per tonne for the cups, not enough. costa will top it up by an extra £70 and with £5 for monitoring it says that the scheme will be viable. this is part of the problem, that cups are dumped in the street and the ones tha

the uk's biggest coffee chain costa coffee has pledged to recycle as many disposable cups as it sells and a half billion disposable coffee cups are used in the uk every year and fewer than 1% recycled. each year we use 2.5 billion cups and hardly any, less than 1%, get recycled. the coffee companies are under pressure and racking their

overseas we'll be talking to one firm which offers to track your loved whitbread — the owners of costa coffeeults — reporting a strong growth in the budget hotel chain. the group are looking to demerge costa and premier inn — they've been under pressure to sell the uk's biggest coffee shop. joining us from the city of london is their chief executive, alison brittain. why have you chosen now to separate cost from the rest of the business? —— costa from the rest of the business. we will in 24 months' time. we have been in the programme of really invigorating both businesses over the last two years. it's a four year programme we've got. we are improving the uk businesses, which are number one, both of them, in their markets. it also provided in international growth agenda for them. quite recently we purchased a hotel business in germany. we will go from one hotel in germany to over 30 in the next two years as a result of that acquisition. we also made a strategic acquisition in china, which means we can triple the number of stores we have in china, which gives costa a great international story.

the uk's biggest coffee chain, costa coffee, has pledged to recycle as many disposable cups as it sellsery year — fewer than 1% are recycled. simon gompertz has more details. each year we use 2.5 billion cups and hardly any, less than 1%, get recycled. the coffee companies are under pressure and racking their brains. and now the head of costa coffey says he has a new idea. to the recycling bins in stations and offices to get them back in. we introduced a scheme which has been successful of recycling the cubs in store but we also realised that was not enough and we do need to do more. that is why we've taken this step today. some recycling the this already happens. it is expensive to do on already happens. it is expensive to doona already happens. it is expensive to do on a large scale because the cups area do on a large scale because the cups are a mixture of plastic and card. but costa says it can be done. at the moment waste collectors are paid £50 per tonne for the cups, not enough. constable top it up by an extra £70 and with £5 for monitoring it says that the scheme will be viable.

according to reports, it wants to split the company in two — costa coffee in one part, premier inn inrmer chief executive sir martin sorrell. sir martin stepped down last night after the conclusion of the investigation into the allegations, which have never been made public. so a lot going on in the markets, with investors asking some serious questions about the direction of travel of wpp now that the big man, mr sorrell, has gone. and whitbread — this isn't the first time there's been a demand for it to be split in two, but with elliott advisors increasing their stake, it looks like something might actually happen now. and finally, was wetherspoons right to ditch social media? joining us now is russ mould, investment director at aj bell. lets start with sir martin sorrell. do you think perhaps it was time friend to go? —— time for him to go. there are questions about her, he is 73, the roles questions about whether he would step down at the time of his choosing or not. he has attracted some bad press recently due to the size of his wage packet, but since he took over in 1985, his tra

of costa coffee. good morning. whatever but they are really hard to recycle. what are you doing?million over the next three years. million over the next three years. 500 million cups a year by 2020. —— can be really i called. can be really i called. how many are you currently recycling? you currently recycling? —— can be really cycled. realised we have to do something bigger. bigger. within the next two years you want to take that up to 500 million? to take that up to 500 million? by the end of 2020. the end of 2020. staggering increase, how are you going to do it? going to do it? amount of muggy for the coffee cups as a waste product. as a waste product. collect the cups and take them to the paper mills —— money. the paper mills —— money. potentially hundreds of millions of cups being recycled. cups being recycled. how are you going to collect them? going to collect them? leave it, how are you going to get hold of enough cups to recycle? hold of enough cups to recycle? management companies are incentivised to pick those cups. incentivised to pick those cups. we can get to 100 mi

it‘s the biggest coffee chain in the uk, and today it‘s been announced that costa coffee is to be splitre in debt to illegal money lenders in the uk. illegal money lenders are people who don‘t have permission to lend from the fca to lend money. today, the government has announced plans to step up its crackdown on illegal money lenders.

it's the biggest coffee chain in the uk and today it's been announced that costa coffee is to be split10% of shares. whitbread will remain the owner and operator of premier inn hotels. after more than five days of being locked out of their online bank, tsb customers can now access their accounts. but the bank has limited the number of people who can get into their accounts at any one time, because it expects a surge in customers trying to use it. the bank's upgrade to its banking systems has been causing chaos for customers since the weekend. chief executive paul pester said he was "deeply sorry". us media giant comcast has outlined details of its £22 billion rival bid for sky in a move that threatens rupert murdoch's £11.7 billion deal to take full control of the pay—tv group. comcast has also guaranteed funding for sky news for ten years. the future of sky news has been a cause of concern in the uk. there have been concerns that the fox bid would give the uk too much influence over the uk media industry. some good news at last from the uk retail sector, though not from the high stree

according to reports, it wants to split the company in two — costa coffee in one part, premier inn inh have never been made public. what has happened to wpp? he stepped down. vince cable said the allegation should be made public. in a way, it is slightly ancient history. we are moving onto the next stage about what happens to wpp. without sir martin sorrell is a question about this company, can it exist without him? it is a company created by him and drawn together over 30 years. a £20 billion company. can it survive without that person at the top who created it? talked earlier to someone from aj bell and asked if it was time for sirmartin to bell and asked if it was time for sir martin to go. there have been questions about that. he was 73, he is 73 and there will always questions about what would happen when he stepped down, and he has attracted some bad press for the company recently owing to the size of his pay, but looking at what he has built up at wpp, since he took overin has built up at wpp, since he took over in 1985, his track record has been excellent, and shares have treb

we are in costa rica, you are greg ethiopian coffee?w variety. >> herbert hopes to make money from a hybrid, starbuck's develop and giving to farmers. >> we are giving it away so the entire industry can benefit. >> if it seems altruistic, well, starbuck's, the world's number one retailer of cough fief stand to lose venti if coffee becomes an endangered crop. schultz insists profit isn't the only motive behind the company's requirements for all the farmers it buys from. among them, no trees can be cult down for new farmland. and farm hand and pickers must be paid their country's or region's minimum wage. >> when we audit farms, find anything, one issue whatsoever that might be off standard we will not buy coffee from that farm. >> right now the market price for regular coffee is $121 for 46 kilos. how much would something like this go for? $850 versus $121. who will you sell this to, maybe starbuck's. >> maybe, i don't know. >> the new varieties will make their way into higher end specialty drinks selling at the company's expansive and m

according to reports, it wants to split the costa coffee chain and the premier inn business.shares at one point fell by as much as 4% as investors wonder what the company will do now without its figurehead and founder. pub chainjd wetherspoon has used twitter to tell its 114,000 followers that it is quitting social media. the firm's head office and 900 pubs will quit the micro—blogging site, alongside instagram and facebook with immediate effect. the pub chain linked the move to bad publicity surrounding social media including the "trolling" of mps. chairman tim martin told the bbc he had always thought the idea that social media was essential for advertising was untrue. so will this move have a detrimental effect on the business? do businesses need social media to do well these days? joining us now is jamie gavin, managing director of the media agency inpress online. to a nswer to answer those questions, how important is social media to a business? it is 10096 vitally important in 2018. looking forward to the future. the way that media and even wider society is changing is v

we are going to take away coffee here. costa is going to be the merged. open is now nine minutes away. this is bloomberg. ♪ guy: six minutes to go until the start of trading. what stocks do we need to be watching? joining us now, paul jarvis. let's start off with whitbread. eliot said, you guys should have a take away coffee. you should take costa out of the business. management sucked their teeth and now they are doing it. paul: the shares will go higher this morning. lots of good news. the costa intention is pretty clear. they are going to do it within 24 months. change -- things change quickly. suddenly remarkably it is. let's not only look at that. the profit numbers from whitbread are pretty good. they are beating the estimates. they raised their call sitting target by 100 million pounds to 250 million pounds. guy: when i first started out in this business, they were running glitchy and the numbers were amazing -- running glitchy and the numbers were amazing. paul: the numbers they reported , comparable sales, 37% higher. gucci's comparable sales, 49

familiar, they bought a 6% stake in whitbread recently saying they wanted the company to split its coffee chain costa bank will make "significant" job cuts as it scales back its corporate and investment banking operations. germany's biggest lender said the cuts will mainly fall in us and asia. the bank reported a sharp drop in first—quarter corporate and investment bank revenues. a european court has ruled that lionel messi, the world's top earning footballer, can trademark his own name. the barcelona and argentina striker has fought for seven years to use his name on sports goods. his original application was challenged by the spanish cycling brand, massi, which argued that the names were too similar. but the eu's general court ruled that the footballer was too well known for confusion to arise. a quick look at the markets. we have been hearing from the european central bank, the ecb, speaking with them, no change in interest rates, help them where they are. investors will be listening to see if there is any hint as to when they will wind up any hint as to when they will wind up the stimulus they ha

— they bought a 6% stake in whitbread recently saying they wanted the company to split its coffee chain costap from wall street? yes, a 63%jump in profits for the first three months of the year, despite the negative headlines. they are surging ahead when it comes to making money. they made almost $5 billion, added more users, the money is coming from online ads. pretty much the same story with twitter yesterday, that buzz online advertising increase. that's where they're getting their money from. it wasn't long ago we were saying how these companies making their money? that's right. joining me now is kim gittleson, our new york business correspondent. how has the share price reacted? it has risen by 8%, which shows investors over the happy with the sheer report. 0ne investors over the happy with the sheer report. one of the reasons is the mobile advertising revenue, because 91% of the advertising that comes on the phone which is seen to be keenly. they were worried that the cambridge analytica story would have an impact on the bottom line, but that scandal didn't break until mid—march in thes

largest ever overseas acquisitions by a japanese company >>> whitbread is spinning off its coffee unit saying costa could thrive as a separate company. the split will be finalized over the next two years elliott controls about 10% of whitbre whitbread, but saying their pressure has not led to the spinoff decision the group also posted a 5% raise in its first quarter sales we asked the group finance director, nicholas cadbury, if he was confident the like for like figures would hold up for premiere and costa as separate companies. >> we are always seeing what we can do to drive it forward i think our investors overall will be pleased with the performance. we are ahead of expectations in terms of where it was levering, and we're pleased with where we are executing plans. >> kering opened up at the top of the stoxx 600 after posting better th better than expected first quarter revenues the french luxury group posted a 36% rise in sales in the first quarter sharply beating expectations kering says a revamp of gucci is starting to pay off. >>> and the european central bank may postpone the implementatio

coffee in that it landed on the taxi. the suspect is identified as garcia of daly city. >>> the pastor from contra costa county was in courtly assaulting a child before fleeing to mexico. they sensed him to the maximum sentence of 34 years, eight months in prison. he was convicted of 23 counts of child molestation for sexually abusing a young female member of the congregation. authorities say that the 37- year-old abused the child for over two years starting when she was only 13. >> it's repulsive that someone in his position of power and authority, that relationship, using it for his own personal desires. >> maldonado led the country last december one day after the accuser took the stand during the trial. they brought him back a week and half ago. he is maintaining his innocence. >>> bruce maxwell pleaded guilty to disorderly conduct from an incident in arizona last october. he is accused of pointing a gun at a woman delivering food to the home in scottsdale. he was charged with aggravated assault with a weapon and disorderly conduct but only pleaded guilty to disorderly conduct. he will be sentenced in june to the disord