easyjet is growing at 7% to 8% a year.e believe that is the right amount of growth to take advantage of the opportunities we have. we are growing still organically, but there is still a lot to do. we still only have 9% of european -- of the european market. so, there is a lot more space for us to grow and we are doing that in a very organic way. you know, you are right. it is a very tough environment. but it is not capacity that is making it tough. yes, it is a little bit higher, but it is not completely out of sync. if you look at our 24 million pounds of losses as this year, we are coming in about the same of last year at 5 million pounds in profit. brussels, we and have been able to do very well in the first half. and that shows our customers like us. we are doing the right things for our customers. we are very focused on our passengers, but also we have a very resilient business model. it is the business model really in arlines that make the difference in europe. we are about profitable growth and strong returns to sha

mark: we talked early about easyjet, what it is facing. you like one european airline. james: iag.y have a well structured business. they know how to make profit. they are back on track. how does one per to speed in these policy trends? just an investor should look at rolls-royce. the after service benefits are enormous. i would say rolls-royce is going to be a huge engine of creation. mark: they've been battered. they've got a new ceo. the revamp is on the way. you are cautious, james. investors should consider taking equities it to benchmark and why is that? james: there is equanimity about the u.s. presidential election. i see you us equities fair value relative to debt. if mr. trump is the next president and he delivers on this empty foreign rhetoric, i think markets are going to get surprised. mark: when will it start to be factored in? the markets are sort of sanguine. they are not bothered about the election. james: i agree. anticipation, the rates on the upside are constrained. yet the risks are clear and certain in the context that mr. trump will be a powerful man. if he d

we have airlines, banks, we have employers, deco and easyjet all to play for in the next hour or so.king -- this is a temporary staffing agency. the recovery in the eurozone, how are they doing in the french market? easyjet a lot of questions to downing of thehe russian jets over sinai, how much is that thing into the business. and can they be successful? you have a cracking panel for us. where we are -- where are we on the brexit monitor? anna: we have a great discussion all around trade. we are bringing together a couple of next -- experts that the -- who know a thing about trade. interesting perspective about how small countries managed to do trade deals that he says have real value with big countries such as china. what could any trade negotiations look like? has worked at the european commission. these guys have a lot of experience and we will talk to the -- to them both about brexit. vote looming large on the 23rd of june. factor in all that chinese data that you have been talking about this morning. that it issaying moderately optimistic. not a bad set of data. i will see you

year -- isup to 8% a easyjet is growing up to 8% a year. think that is the right level of growth to take advantage of opportunities in the u k in europe. we're still growing organically, but there is a lot to go to it we still only have 9% of the european market. so there is a lot more space for us to grow. we're doing that in a very organic, a risky way, actually. it is a very tough environment. making itnot capacity tough. we're used to capacity and competition. it is not completely out of sync. if you look at our loss this year, constant currency is coming in the same as last year, but 5 million profit. it is the foreign exchange movement that affects us. so despite paris and brussels, we have done very well in the first half. i think that shows our customers like us spirit we do the right things for our customers. focused on our passengers here at we have a very good business model. it is the business model in airlines that will win in europe. david: that was carolyn mccall on "on the move." julie hyman is checking on amazon, a company

low-cost things like easyjet and offered have competition that may for turbulent few years.tgoing chief executive alexander dejuniak was brought in to halt debt, and they had net profit of 8 million euros in 2015. many attribute that some 28 decline in fuel prices. he attempted to cut costs, launch a low-cost service, reduce number of long-haul flights, and add 2000 jobs, but was met with fierce competition from the unions. the proposal resulted in a four day pilot strike, the worst industrial dispute in the airline's history. shirt torn off by fellow employees. the management meeting was abandoned. the union discussions are still ongoing. the first thing will be to console tensions. isand craig wright says he nakamoto, the person behind bitcoin. if so, he would end the mystery behind who is responsible for creating that currency. he said he lost bitcoin in 2009 with the help of others. it is a secretive form of virtual money based on meth medical codes, and there are billions of of worth of that in circulation. despite outing himself, all he wants is to be left alone. i did

easyjet were also among the winners on tuesday, finishing 2% higher -- 2.7% higher in london.it came as a low-cost carrier reported a 24 million-pound loss for the first half of its financial year. low-costst number two carrier came with an update message for the summer season, saying demand is strong and making up for the weakness of recent terror attacks in europe. here in france, french power company has reported a 7% fall in sales for the first quarter. the firm says it is feeling the pinch as electricity prices on your historic lows -- are near historic lows. it is still aiming for earnings of around 16 billion euros over interest rates -- interest and taxes see lower sales, head of closely watched shareholders meeting on wednesday more the building of a new reactor in the u.k. is expected to take center stage. and the european central bank has told large lenders in the eurozone to get ready for brexit. asked banks to outline the persians for a possible british exit from the european union, according to people familiar with the matter ññ1111@1@1@1@1púúa xx 05/10/16 05/1

easyjet is giving us their revenue numbers, 1.7 7 billion pounds in first-quarter revenue. just a little bit below estimates. they say they are well-placed to grow revenues and profits in this financial gear. they reported a pretax loss of 24 million pounds. it is not unusual for an airline to have this kind of loss. haverist attacks contributed to a euro-wide capacity glut. 89%. are talking about we are looking out for any further guidance. back in january, they talked about 708 million pounds. will they reconfirm that figure today or give a different figure? what has been the impact of all those dreadful terror events. chiefo let you know, the executive of easyjet will be joining us for "on the move" at about 35 minutes from now. let's look at what the futures are telling us. we are expecting a slight boost to trading this morning. we have had quite a mixed bag from the asian equity session. the japanese market has been doing nicely, but that has not been the result for all of the equity markets. risk radarp the because that puts up the japanese story for you. japan is re

there was something from the easyjet airline. they had a narrower than forecast t loss.re was a europewide capacity glut. that is weighing on fares. shares are up by 2.7% today. let's finish with pandora. not the music service, the danish maker of charm bracelets. it raised its forecast. still, revenue growth was 30% in that is decelerating from 40% last year. the industry is slumped from weakening economic growth. what a day for pandora. shares are up by 11.2%. should we talk retail? betty: let's continue to talk about the consumer. specifically, gap. did you own any gap jeans? it's hard to get back to that heyday. they came out with their preliminary results. you can see the chairs are falling quite a bit. that come back has not serialized. dropped 7%. old navy sales dropped 10%. he said he would turn around the company. you would start to see things materialize by this time. that hasn't been the case. there might be some consumer sentiment on retail. -- sellerses including macy's will report tomorrow. in the meantime, european markets are done. be heading fory a day o

the worst performer is easyjet, down by 8%.sa down, between 4% and 8%, the ryanair's top the pile. it has risen by 20%. i just what a show you what's happening to the end today. it has been falling for the last three weeks, the worst losing run since august, but today we had a trade surplus unexpectedly swelling to the biggest surge in six years. japanese and u.s. finance chiefs remaining divided over whether yen selling intervention was warranted following that g7 meeting over the weekend. there is the dollar versus the yen in 2016. don't forget, the yen is still up by 10% this year. francine: thank you so much. mark barton with your bloomberg. -- is today releasing its new business plan and target through 2019. joining us in his first interview of the day, the ceo of italy's biggest construction company. welcome to a local the pulse." overall, you are very focused on the u.s. are you confident in that economy? >> we are very confident about the u.s. economy's growth. we think they deserve better infrastructure. a lot of it wa

. >>> and the british airlines easyjet has reported a first hit loss.ut telling cnbc, there's also good news for investors. >> the payout going up to 50% is a very strong sign of confidence for the airlines and the future. >>> now, adecco has delivered modest growth in the first quarter. this happening as net profit of the giant fell by 10% to 240 million uros. it's been down by 17% over the last 12 months. >>> and nokia has reported a bigger than expected fall in telecom equipment sales in the first quarter. in its first earnings report nokia raised the sales of the merger to 900 million uros. >>> and still to come here on "street signs," up in the air, d del ma rousseff's future hanging in the balance. we'll have more after the short break. >>> hi, everybody. welcome back. four people have been seriously in a knife in a train station outside of munich train platform this morning. the attack which happened just after 5:00 a.m. local time was carried out by one man. german police say that they have arrested the perpetrator and are investigating whether

. >> easyjet reporting a pretax loss of 24 million pounds for six months ending march.less than expected. full year profit in line. why are you raising the dividend when life looks this tough? >> i think we have done a rigorous balance sheet review. we do that on an annual basis. we have enough cash to do this. and we would not be raising our dividend, to 50% if we did not believe in the long-term success of this airline and it really does underline the confidence we have in our growth prospects ongoing. so, we can do this. it is the right thing for now. we have returned over one billion pounds to shareholders since 2011. we have done a couple of specials. we have now raised it to 50%. it is the right thing to do. scarlet: let's dig in to german insurer allianz. profit did drop to 17%. due to outflows. >> in asset management, outflows, the outflows actually now at market level and pimco i think is fully on track with -- in the field of active fixed income management. the costs will naturally be better in the following quarters as we have still some special incentive pla

>> well, the dream is to be like a ryanair or easyjet with one corporate structure.um, weeconomic persuaded them to rename it. i think we will make some announcements at that. i've had good meetings with the prime minister's of thailand, indonesia, malaysia, and singapore, so i believe the potential for creating single ownership of airlines is not far away. it requires companies like ours to keep driving it, but i do see some light, and it is exciting times. haidi: do with this. after the break, joining us to continue the conversation on "first up". ♪ set to acquire for $1.1 billion. that is according to the daily inquirer this morning. they are expecting that deal which has been agreed to in principle worth over $1 billion. an agreement scheduled to be signed on monday morning. pldt german will hold a news conference on monday. pldt saying 50% sales of shares, loans,, one $.1 billion total for that deal. we will get you more details on that story as they emerge. let's get back to our conversation with asia air founder and ceo. just a quick question about the leasing

aheadt: is it blue skies for easyjet?ceo of the carrier. ♪ david welcome to bloomberg markets. ♪ david: stocks rising today, but are they entering a consolidation phase? our guest believes that will be elected -- a reluctance to buy. oil down to two-week low, and gold dropping to a one-year high -- from its one-year high. campaign officials visit cleveland. markets close in about two hours. stocks at session highs. julie hyman is standing by. julie: falling is languishing a little bit, but we see the recovery continue today. the dow, which was the burst performer yesterday, has been leading gain

easyjet,umpy skies for posting a first half loss. attacks of terrorist and a uruguay capacity glut.evenue receipts could drop 8% in the current quarter. the largest steel maker in germany is make -- is cutting its forecasts. the company posted first-quarter earnings down 20% from a year ago. nokia came up short and its price quarterly report after combining with alcatel lucent. heard by phone carrier spending less on wireless networks. that is our latest bloomberg business flash. much.ne: thank you so we are not here for negative rates. we could be in zurich talking about that but we are here for credit suisse. the second biggest bank in switzerland did a little bit better than expected although it did have a loss. topoke for about 15 minutes the ceo and we talked about the fed and volatility and brexit. concerned.lways of course we spend a lot of time worrying about brexit and we have a brexit working group, and we will be ready whatever the outcome is. we have to prepare for it. there is still growth in our economy. i think europe is better than it was. i think the u.s. is still g

someone was able to do that and the airline involved -- i think it was easyjet.it was a british company. but they said, well, it was just an act of graffiti. no, that's an act of tampering with an aircraft which in the united states carries a prison sentence. i think there's a little difference in what areas of the airport you're looking at. i would want to look at parts of the airport where people report to workout going to security. >> so let's talk about the hand-off, les. the airplane was going from greek air space into egyptian air space, and that's when air-traffic controllers from egypt, they couldn't get ahold of the pilot. so why is that space of time one so important, so urgent for pilots to communicate, and, two, does that present an opportune time for something to happen? >> well, i'm not sure we can draw any significance from that. i mean, this is a routine flight that knew they were going to be handed off into egyptian air space. could something nefarious -- if somebody wanted to do something nefarious, would that be the time to do it? at this point

this happened in the boarding of an easyjet flight in cyprus.se of the altercation. police found out she was wanted for drug offenses. people are not flying sober anymore for some reason. tween 9 sherpa guides taking advantage of good weather to climb mount everest for the first time in two years. they were hired to carry equipment, secure the roads, for all the foreign climbers making the ascent this year may is a month if you are going to climb everest this is it, two natural disasters killed 34 people in nepal and the climbing season was completely canceled. this is actually really big global news and a ton of people flying in and getting ready to make their ascend. dagen: such a great story. are you a climber? >> i am not but it is something i would want to do. it is on my bucket list. when the kids are little older i would love to. dagen: both you and your wife are very sick people. i was only -- i mock you if i love you. i would not make fun of you. i wasn't actually making fun. i could use less solid food and more smoothies in my everyday