the move would strengthen their communication business and allow them to better compete with erikssona 16% increase in first quarter sales. they saw growth in the americas make up for slowdown in china. shares are up 30% this year helped in part by a weaker euro. an heir to the nina ricci has been found guilty of tax froud. -- fraud. ricci is the first of about 50 french nationals to face trial. you'll hear plenty more stories like that. we also had u.k. consumer prices out in the last hour. the u.k. dodging deflation. let's see how the markets are reacting. we had a little bit of pound weakness? jonathan: got some movement in the fx market. it is a blanket sea of red. losses of over 1% on the ibex in spain. the the miners are charging ahead. it is the banks pulling us down. pulling back from record highs on the stoxx 600, europe's equity benchmark. the movement really is in the fx market. the u.k. dodges deflation for another day, another month. in line with estimates. despite that weakness at 1.4629. core, you strip out energy food alcohol, tobacco from inflation and you get a core