so quite a big deal. >> lovely, helia. thank you. shot director, the group behind the catalog retailer has reported a year pretax profit 64 million pounds. joining us now is alex bordov. i asked helia to stay around because we've had a huge amount of dispute and debate about a lot of these companies. tell us about your model. it's more than just websites, isn't it? >> yes, it is. although we're now 86% on line. what they're working to do is moved an old style catalog business into a digital company for resalers. >> are you a technology company? i ask that because retailers like next, which have two arms of what you're talking about, i.e. catalogs and indeed online, they trade on a retailer's multiple. i'm wondering which you are. >> we're a retailer. >> i was going on to say, we're a retailer of the department store. technology is massively important to us.. we're all a financial services provider. >> what's it like in that business? bear in mind, there's a lot in the banks. >> within the uk. we've returned the business to top line g

i've just got to ask you now, can you stay, helia, or do you have to go? >> i can stay. >> gaining your comment about technology, as well, is it us or is it machines? we'll discuss this and the role in the markets, as well, in a few moments time with stephane, michael, sheila, helia, we're all here. still to come, novonortis higher after a rise in profits. that is coming up in ten minutes' time. stay tuned. we have a great debate going on here. a single ember that escapes from a wildfire can travel more than a mile. that single ember can ignite and destroy your home or even your community you can't control where that ember will land only what happens when it does get fire adapted now at fireadapted.org and barclay shares opening in the green. it's a beat for royal dutch shell as earnings reach 5.8 billion in the third quarter and former bank of america charles holiday is tapped to head up the board. lufthansa sets a 2015 profit goal after a labor strike takes its toll on the top line this sends shares into the red. >> improving margins and now a loss in th

helia, thank you so much. >>> now time for our viewer exchange. how do you get your morning ticking up? can you really die from drinking too much coffee? wilfred, be careful. yes, but it may take about 140 cups a day for that to happen. how much coffee is too much? we want to hear from you join in on the conversation at "worldwide exchange." worldwide@cnbc.com. @cnbcwex. wilfred, how much cups of coffee do you have each day? >> probably a couple before the start of the show each mother. >> simple americana for me. >> plain? >> very plain. >> i thought you were more exciting than that. >> but it gets us ready for the show. >> how much coffee can you have? >> get in touch with us on that topic. but as we go to break, let's leave you with a look at how u.s. futures are trading. they're implying a positive open across the board. stay with us here on "worldwide exchange." how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connec

helia is around the table. we're welcoming chris taylor, ceo of hermes real estate. chris, the question i asked you off camera and i'm going to ask you now is why do we need a private investment fund? >> it is compelling. if you go to the u.s., if you look at europe, most institutions have significant holdings in residential. if you look at the long run it is a perfect hedge. one of the reasons why there hasn't been a fund has been the lack of confident of the ability to operate. so we have found a operator, very credible operator. this is not a london-centric fund where we would agree there are concerned about the bubbles. this is buy pan uk and we can deliver a 5% net-net yield with stable -- >> might say this is another leg of a story. we have had the rally driven by this extraordinary rally and mow the property markets are looking for new investments to get in somewhere near the cost. >> this is a long-term trade. >> and the yield is around 5%. what is the long-term yield? obviously, it's not been brilliant in the uk. >> you have to make it essential to london an

joining us on set now is our uk business editor helia rahimi. it just gets worse and worse. >> oh, it's terrible. we have a low in the share price. but this is a drop in tattory profits, just to give you an idea of 92%. why is that? because they've not only had to reject the issues in the trading periods that we saw, but they have to go back a year and even before that. so you have all these exceptional tunes going in between, the ivp, statutory profit, a 92% drop. even that underlying profit number is not what we expected. we thought it would be about 850 million pounds. it's come in at 783. to give you an indication, last year, that number was 1.4 billion pounds. so it's very grim news for tesco and all their shareholders. dave lewis on the phone this morning, committing to do everything it takes to change their fortune, but not saying, a, the details of what's gone wrong, b, what the strategy was. in fact, he saidite nom standing up anytime soon to tell people my strategy. he's going to feel the changes first. and he's going to start focusing

helia, our uk business editor has joins us on this conversation around luxury stocks. a lot of these luxury players are popular in china. >> i think it's a different international environment, travel retail which has the impact of these companies and results today. i think, however, if you contrast the results and the luxury ones, it's interesting to see the digital news and how it contrasts to the rest of the news. >> is it difficult to play the luxury trade, as well? >> i think burberry has done a familial job doing that. i think they're having a more difficult time today in light of the international environment. they've been the best in terms of luxury innovation amongst the luxury peer group. >> and could the slowdown be offset by advanced economies like the uk and the u.s.? >> i think it can help. i think burberry, it's interesting to read their results this morning is that the word digital is one of the passwords that they mention followed closely by collect. so they still recognize digital the driving growth. >> weevent the uk supposed to be seen as a bright sp

helia, thank you very much for joining us. let's move on from cable and have a look at european markets which are in the red today. they opened basically flat, and they did weaken about an hour into trade. the ftse 100 is the laggard. down 1.1%. that's because some of the tax inversion deals have been falling shy of 333% so far today. germany is down 0.5%. france down a similar amount and italy down almost 0.75%. let's have a look at the stoxx 50, as well, for a broader indication of what's happening in europe. it's off 0.64%, continuing its downward trend for the month. >> now, intel beat its numbers. >> intel is the best performing stock in the dow this year, but could the chip giant continue to please investors? intel reported shares of 56 cents on revenue that jumped to 54.6 billion. so ip on the bottom and the top. looking ahead, intel said to expect q4 revenue of 14.7 billion. accepting estimates. here is what the company's cfo said about the results. >> we had our first quarter ever of more than 100 million units of mic

we're going to bring in helia and advance. as expected, where they were, two out of nine votinger for a rate increase, lasted week we had slightly better inflation data, but weaker than expected data. >> there is a development in the september minutes already where they've been turning a bit more cautious in view of the growth risks to growth growth. the minutes may -- the minutes may indeet highlight, but those trends have deepened. it is encouraging that we don't see a change in the voting split speculations ahead of the minutes. that maybe mccafferty may have changed his mind. if anything, that may help the bound with any jerk reaction right after the minutes. overall, however, it seems the bank of england will be monitoring especially global development and their impart on the uk economy before deciding so raise rates. >> do you think as early as next month we could be seeing an h-1 split or even a -- >> no. >> why not? >> it's boring as hell. what can it you? who would have thunk it? just when you thought interest rates m

. >> helia, thank you very much. upgraded by hsbc to 1.29 target. >>> air france warns a recent two-week pilot strike will take earnings up to 500 million euros. we'll get more analysis on that story in just about 20 minutes. air france klm is down 2.25%. >> also come up on the show, how do you make money in markets like this? blackrock's global chief investment strategist gives us your tips. we delve into costco's earnings beat and speak to one analyst on the stocks. amyself the eurozone's warnings, we see if matteo renzi's jobs can provide any solution. hsbc rise in sales. we heard from costco this morning reporting a 30% jump in profits, beating estimates. we'll also keep an eye on monsanto. needs to double profits in the next five years. ever since alcoa dropped from the dow jones industrial, shares have been rallying. on thursday, we see shares reported from pepsico. infosys will report spending. will that translate into higher firms? that will translate into the end of the week. >> revenues rose 9% to 34.7 bill

and when the -- >> earlier, our uk business editor helia caught up with william hague, leader of the uk house of commons and asked him if he thought the general election would be a close contest. >> it will be a close-fought battle, no doubt about that. a hard-fought general election, there is a danger of a labor government that will lurch back to all the deficit and the debts and the overspending that they did before because they show no sign of change. so we have to make sure we win that election. the great thing this week is we have set out such strong confident plans for the future to have three million abrentissh abrentisships, to help people to get their homes and so many good plans for the future. now we have to communicate that. >> that was krn's uk business editor speaking with william hague, leader of the house of commons. the prime minister's speech is set to take place today at 11:30 cet today. make sure to tune in for that. now i want to switch our focus to the auto sector. the big automakers support september sales today. analysts expect another month of continued growt