easyjet up. aberdeen asset management is lower because it is about assets under management. u.n.that -- why is the stock lower? remainpany says they confident they can drive profit and build revenue. they are down over four percent this morning. nissan is out with numbers. it is expected to be the best in this quarter for the japanese automakers. the estimate was for 84. they've match that one solidly. the story is not changing for forward guidance. aheadline looks slightly of where we would expect it to be, 2.4 trillion. that is the top line. net income is the line we are flashing heavily. bestis expected to be the of the japanese automakers this time round. another company on the move for you. tim.com says his political party they have vowed to reject the national party from office. any party with five percent of the vote is guaranteed. the united states has reached evidence it will prove the russian military has been firing artillery across the border into ukraine. it reportedly shows rebels using heavy artillery. saysutch prime minister heavy fighting has prevented investigat

easyjet sales are up. geopolitical events happening around the world and how bad they are impacting european business. ♪ >> 7:47 in london. easyjet revealed sales rose. the budget carrier gave its outlook. terry lundgren is here. how did they see the year painting out? they are positive compared to last year. the low end of their range is 14% better than last year. one has to wonder if they are being cautious, giving that they have flights to tel aviv. aw an increase in load factors. a strong summer. everyone was wondering how the summer would pan out. wondering, is this going to be too much? is it owing to push down prices? you mentioned the flight to tel aviv and moscow. what is the sense about how concerned they are about their businesses to those locations? >> i was in amsterdam last week. i was speaking to carolyn about that. she was pragmatic about iot. she said, we will deal with it as it goes on. she was positive about their customer base in moscow. they are probably over there. >> are they picking

. >> thank you very much indeed for bringing us up to speed with easyjet.light ban has hurt israel's touring best. other businesses are urprisingly resilient. >> just another normal day. [sirens] >> this is a daily routine. >> when they are not running for cover, workers about ithe kilometers north of gaza help sow and sell 6 million vegetable plants a year. >> a rocket actually hit this nursery. look here. this is what's left of a missile from israel's iron dome missile defense system. it crashed through the roof here knocking a tray of budding pep plants and all that is left here of the militant's rocket is this. >> the c.e.o. said it is business as usual. but that doesn't mean they are ot affected. >> every time you have the siren, people have to run to the shelter. it is a lot of time that they spend on running and coming back to work. we have to stop all the machines around them again. there was a lot of damage to the cover of the greenhouse. it had to be fixed or replaced after each missile or shrapnel hit it. >> further south, men and women are makin

up. givesg and 80% had room it a lot. >> it is not cheaper than ofyjet? >> it is 80% easyjet. our average is 46 euros. >> i look forward to that. >> it's on average, so not everything. we can thought about the cheap fares, but the average is 46. what we want to offer is a really good business product. very good schedules. extra legroom. us one taste of what you are going to do. i know you are not going to and not until september. ,> we are to give premium seats fast tracked security where available. at a lot of the primary airports it significantly improved. think that is very unattractive. it will be a lot cheaper than our competitors. >> when you look through the last three months what is your single biggest concern? unless something untoward happens over the summer months like the lays in last-minute closing bookings, which tend to be very attractive in terms of ofcing, that's the kind thing, something geopolitical. >> there are plenty of politics. >> people's travel plans are pretty much decided. is going on in ukraine, with russia, what we have going on in israel. how doe

up. in every other sense -- >> in terms of the share price -- >> ryanair has momentum. easyjetas had a fantastic ride. ryanair, the changes still sinking in. shares are relatively small. a huge amount of market share that can seek to capture. >> douglas o'neill joining us from charles stanley. the two companies are negotiating a potential deal. the chief executive of glasgow -- glaxosmithkline. company has no such plans in the near term. suppliern automotive is said to be working with citigroup on an ipo later this month -- later this year. they could be the largest ipo in germany this year. a nine-month strategic review comes to a close. what does it reveal? find out. ♪ good morning, everybody. welcome back. we are live on bloomberg television, streaming on your tablet, your phone, it and bloomberg.com. raceop of the red bull air in poland. spectators. check this out. blood, the fairmount of -- a fair amount of blood rushing to your feet and that kind of a situation. it really is exactly like the disney films laying -- playing. ferro, take me away. >> a busy week. the fed deci

up german wings to tackle it. now they're looking at a second low-cost carrier. now even a second long-haul low-cost carrier. easyjet keep it simple. easyjet, keep it simple. i question how well that will work. legacy airlines don't have an easy time of making the cost work. separately norwegian is testing out the low airfare principle that has not really worked out elsewhere. theindustrial relations, pilot strike and they have in some ways toughed it out but there is nothing like the grim determination, you can see iag is giving and its previous figures. the report from lufthansa that they are seeing forward bookings remaining week. we know the capacity story, but how much are the current recent events affecting sentiment out there for people wanting to fly out a moment? there are the terrible news from 17. h 17 -- mh how much will this really feed into that? >> at the moment, that is very intangible. malaysia was losing money even before the first incident with mh 370. they lost a lot of business with the chinese public and airlines ,ight now, after mh 17 they're looking to improve the way that information is coll

easyjet base. ryanair is mostly out of stanstead. interesting to see how they are pushed in terms of their charm offensive. whether that is showing up terms of their pitch to business passengers. are they seeing more business traffic? >> i keep asking people, on a businesslike, would you go ryanair, i am yet to feel a shift on that? kari lundgren, back monday and we will talk about ryanair. russia raises rates unexpectedly. we break down the essential bank decision when we back. ♪ >> welcome back. what is happening with the ruble. a surprise rate hike from the central bank in moscow. this has been the reaction. interestingly enough, initially the ruble strengthened. the dollar is now reasserting itself. what is the central bank seeing that we are not? questions surrounding this aggressive rate hike, more aggressive than anticipated. we will talk to elliott gotkine in a moment about what is happening in gaza. let me start with you first of all. tosurprise is the way describe this decision. going into it, 23 economists out of the 20 four we talked to thought the rate would be left unchanged. only one thought there would be a rate hike

up by the ba over the last 20 years, constraining runway capacity development. idioticting time on ideas like boris island. are airfares looking like the summer? you are no longer just competing against easyjetansa. easyjet has never been able to compete with us on price. they have done a good job of going after some of lufthansa and ba's business passengers. ryanair is copying that trend. they are doing so with a huge cost in price advantage. our principal competitors across the european space are ag -- r i .g 00 are iag and lufthansa the business continues to involve. >> thank you for your time. that was michael o'leary, speaking to us on the phone from dublin. by spring.strike what effect it could have on food production. ♪ >> welcome back. they report was just released earlier this morning. lower prices may not be here for long. el nino is expected to strike this year and it could royal agricultural markets around the world. good morning. thank you for coming in. let's look at the price and the commodities market. how are commodities markets pricing and the threat of el nino? >> we are comfortable. we have not seen too much of an impact. risktle bit of a weather into the tropical commodi

up into june. shares are trading lower, bringing down other airline stocks. as you can see there, aig, the most significant underperformer down 4.16% in trading. easyjet down 3%. lufthansa being drap dragged lower today by 2%. >>> s&p saying there would be long-term credit risk if boeing were to close ex im bank. s&p estimates boeing's credit arm would have to find an extra 1.2 million in needs. >>> shares in commerzbank are trading lower today after the "new york times" reports u.s., state and federal authorities have begun talks with the lender over dealings with iran and other countries sanctioned by the u.s. annette is in brussels. we're getting you on a different topic now, annette. can you give us some context in regards what sort of size we're talking about is being reportedly talked about at this stage versus provisions and profits for commerzbank last year? >> yeah. actually, that's the interesting part of it. at least what we are hearing now from the "new york times," commerzbank has booked by the end of 2013. they had 934 million euros in legal provisions on their books. that should cover it. the question is whether it's remained with that