that was the chief executive of iag.ges. this headline from the seattle times. a lot of the newspapers are covering this story that the boss of hours and briefly became the world's richest man before slumping back down to number two. do great riches come with great responsibility? what should we be doing with these levels of wealth? ifi doing with these levels of wealth? if i were him i would use my money in scientific research to help find a cure of aids. a couple of other tweets have also suggested a similar tack. that is interesting. amongst the world of the super rich here is unique in his lack of philanthropy. i'm not sure that is necessarily true. we should acknowledge that people like mr gates has given around 30 billion, he has made a vast contribution to philanthropy. there is a history in the united states of leading players providing large sums of money. he is spending around $1 billion a year on his rocket business. it is all very well saying he should give the money away. he would have to sell the shares. wh

that's according to the airline's owner iag.weekend in may. despite the extra cost though, iag still managed to report a 13.8% increase in half—year operating profits to £803 million. 0perating profits at british airways rose to £663 million. i'm joined by jasper lawler, head of research at lcg. despite the many problems for british airways in recent times, how come it and its parent company company2—mac come it and its parent company compa ny2—mac have come it and its parent company company2—mac have done so well? —— iag have done so well? the main boost has been low fuel prices. we have seen a debt in oil prices —— eight dip in oil prices. 0ver have seen a debt in oil prices —— eight dip in oil prices. over the next year or two, it is quite a good time for airlines because they're able to charge lower fares and that increases demand from passengers so you have increased demand from passengers for flights, economies are doing quite well at the moment, and fuel prices are lower. is it all down to these external factors? 0il—pric

american airlines a couple of us ago, qatar has states in iag. -- qatar has stakes in iag. common thing. i suppose what they would want to do is hope to solve several problems at once. qatar is diplomatically in a spot at the moment, just as qatar airways is in a spot. you can solve several problems. you could try and break some of the unity of the u.s. airlines against gulf carries. -- gulf carriers. you can get a voice in washington to talk about the visa restrictions that are a problems were gulf carriers and buff up the image of qatar a bit. >> is it going to work? david: ha! i suspect not. you saw those comments from doug parker. they are pretty tough. especially the sort of comments for a potential major shareholder. they've misread the mood. american airlines does not want to attract a twitter thunderbolt from donald trump. it doesn't want to attract from -- opposition from its pilots union. and it's benefiting from growth. we had some air traffic control privatization which is in the form that u.s. airlines wants. thos laptop and visa bans, are the same things that

iag, parent company of british airways and easyjet are both down. food business. the deal is worth £3.2 billion. mccormick & co saw off competition to buy the division — which includes french's mustard as well as franks' redhot sauces. the deal will help reckitt benckiser pay off debt after buying baby formula maker mead johnson for £1a.7 billion. let's get detailed analysis of this with maike currie, investment director, at fidelity international thank you forjoining us. let's start off with this reckitt benckiser deal. yes, good price for what they call the uncool part of their business, the third business only accounting for about a% of the annual sales. 0n the side of mccormick, the makers of schwartz herbs and spices, they want to expand globally, and getting french's muster, the world biggest mustered brand, part of their drive to expand globally. last year they sought to do a deal with premier foods, the maker of mr kipling biscuits and oxo cubes and that deal was rebuffed. what is interesting is that a lot of companies are looking to do thes

iag said the it meltdown — which grounded ba flights in may had cost it £58m.d goes some way to meeting the 3% growth target set out by the us president. samira hussain is on wall street for us. she seems to have disappeared! country hear us? yes you can.|j she seems to have disappeared! country hear us? yes you can. i can absolutely here. i can even talk about those numbers. have a go. these numbers are regrettably strong. they are. -- incredibly strong. it really says that what happened in the first three months of 2017 was really just an anomaly, the first three months of 2017 was reallyjust an anomaly, that it was a lot to do with the winter months and people not going out and spending as much. fast forward to the last three months of this year and we really saw spending go up. there were two areas, consumer spending, so household people spending, so household people spending more money. we are also seen spending more money. we are also seen business spending, businesses are investing more in big—ticket items like equipment, and that's really been a big boo

airline group iag, which owns ba and iberia, has reported an operating profit of £975 million up from six months last year — that's a rise of 37.3%. it seems to have shrugged off the it meltdown — which grounded ba flights in may. the total cost of that was £58 million. more now on barclays. and it has reported a heavy loss in the second quarter, hit by the one—off costs of a big disposal in africa and a further knock from mis—selling payment protection insurance to uk customers. but stripping out the losses from the africa sale, barclays posted a 13% rise in group pre—tax profits to £2.34 billion. i'm joined by russ mould, investment director at aj bell. should we be worried about the size of these one—off costs? they will be out of the way at the end of the year but they were pretty big. out of the way at the end of the year but they were pretty bigm out of the way at the end of the year but they were pretty big. it is a nice idea to think they will be one—off but barclays has been littered with them since 2011 so although the chief executive says he's trying to get the costs down q

easyjet and british airways owner iag both down by more than 3%.er b&m rose 2.8% following reports at the weekend that it could be a takeover target for asda. that's all the business news. i'll be back in an hour's time. the sri lanka navy are trained to rescue people but yesterday it was two elephants that needed help after being swept out to sea. the rescue took place off the north east coast of the country. navy patrol boats towed the two elephants back to a jungle area near foul point, according to local media. earlier this month, navy sailors helped rescue a elephant that was found eight miles offshore in the indian ocean in northern sri lanka. nice weather down in sri lanka. let's see what's going on here. it's a tale of two halves today because on the one hand we have stunning weather across western parts, temperatures in the mid—20s, other parts in the east are stuck under a cloud andorra chilly. the week ahead will be changeable, wednesday we will be changeable, wednesday we will all get some rain but most days will all get some rain but m

we've moved on to iag six yea rs them. we will get better going forward and i think the measure of the success of any company is how it can sustain an increasing competition and the challenges of career long period, not measured over one year. five years from now i would expect british airways to be in the top ten of airlines worldwide andi in the top ten of airlines worldwide and i expect that because of... it is always a challenge being number one when some of our competitors don't have financial constraints and don't have financial constraints and don't need to demonstrate a bottom—line profit, because they are supported in a different way. i've got no problem with that. but we are good airline that does respond well to changing environments and ten yea rs to changing environments and ten years from now... who knows? it is a long way away. i think we can be confident based on a performance that we will be one of the leading airlines. before you go, iberia as well, why was it until recently you required femalejob well, w

. >> and approaching peter hancock, the former boss of iag, and mark tucker his incoming chairman. the largest bank in europe. he is an outsider, but he is caught -- cut from the clock. >> he was a banker at jpmorgan. and cfo of the bank before emerged with chase. he is a banker, most recently running an insurance company. his reputation is somewhat intact still. 52 years old, they have had 24 all of themaders, coming from inside the bank until tucker. the fact they are looking at external candidates is not surprising in itself, but if they pick a second one for chairman it will be a big the pressure for the bank. >> global banks preparing to move london-based operations as great britain prepares to leave the eu. we got details of deutsche bank's plans for a post-brexit financial landscape. another win for frankfurt. what are we talking about, front office or back-office or a mix? >> they said it could be a mix of them. that is at the high end. some of it will certainly depend on how negotiations unfold and how hard the brexit appears to be. but we have heard deutsche bank not only

flights to and from london are affected british airways owned by iag has been hit by 26 days of strikeso far just this year. >>> watching chipotle's stock. it is getting an upgrade the chain is raised from outperform from prior market perform this even after the pull back in the stock related to a foodborne illness in virginia. courtney, chipotle certainly a company that we talk about, maybe not in the positive light but creates opportunities for investors out there. >> right actually a lot of these surveys show it's a top favorite restaurant among the teen group. they're not scared away by reports of foodborne illnesses not everyone is scared to go in. >> you know what i had for the first time ever? >> what? >> qdoba >> yeah. we had qdoba at miami university >> i won't endorse one or the other. i have tried both,. >> one ed says paul ryan and mitch mcconnell should go the way of the democrats. >>> first another check of european markets we are seeing green arrows across the board france is leading higher by almost 0.2%. you're watching "worldwide exchange." ♪ ♪ ♪ ♪ ♪ >>> welcome back t

mark: hsbc said to be approaching peter hancock, the former boss of iag, and mark tucker considers internalternal candidates to lead the largest bank in europe. he is an outsider but has come from the hsbc club. >> he was a banker at jpmorgan. and cfo of the bank before emerged with chase. he is a banker, most recently running an insurance company. it did not and in the best way for him. his reputation is somewhat intact still. hsbc is 152 years old. they have 21 former leaders. all of them come from inside the bank until tucker. the fact they are looking at external candidates is not surprising in itself, but if they pick a second one for chairman it will be a big departure for the bank. >> global banks preparing to move london-based operations as great britain prepares to leave the e.u. we got details of deutsche bank's plans for a post-brexit financial landscape. another win for frankfurt. what are we talking about, front office or back-office or a mix? >> they have said previously that it could be a mix of the two. you could get 2000 in the front office and 2000 in the back office. that

iag, interesting to see that from the ceo. they are fighting against a local competition.utage hit them in may, will perhaps get an update on how much that cost the business. let's see how much that cost you, numbers from the japanese banking operation. yen, trading profit has slumped. 120.5,nt point -- overseas pretax profit falling a little. 16.9 billion previously. an update on how they see the movements in investment banking's, aspect management's -- asset management's and the like. what we were looking for here, this is the business. we were wondering whether the business would have been boosted by japanese investors returning to the equity market amid and economic recovery in the country. the country has been trying to -- the company has been trying to diversify to maintain a rebound. one of the challenges that face is the ceo. it has been dealing with a trading,in bond looking to that point that the trading -- trading profit has fallen to this point. nubbers from barclays, second quarter adjusted profit 1.4 billion pounds. , the balance sheet 13.1%. that is one of t

easyjet and british airways owner iag both down by more than 3%.cricketers have been back at lords today, after their world cup winning heroics against india. it was the fourth time they've won the tournament, with anya shrubsole the star, taking six wickets. our sports reporter david ornstein reports from lord's. with a single full livery, england we re with a single full livery, england were champions of the world. a thrilling end to a momentous tournament and probably the greatest day for england's women's sport. the night before they hear all returned to savour the scene of triumph. night before they hear all returned to savour the scene of triumphm was probably the best moment of my life, i'm not sure i canfind was probably the best moment of my life, i'm not sure i can find any better days than this. india were stunned by shru bsole better days than this. india were stunned by shrubsole who got six wickets and 47 runs. before the match her father posted four toes of his nine—year—old daughter visiting lourdes in 2001. in the future she wa nte

brussels and london had not been struck by then. 0n the panel that was also an airline boss, the boss of iag connectivity between the uk and the eu in the days and months after brexit. just quite the technicalities of that deal at how that will affect the airline operators themselves. adam, thank you very much. as we've been hearing, theresa may says she will consider a major review into working practices. a report's calling for greater rights for self—employed people on zero hours contracts — including benefits such as holiday and sick pay. joining me now is james farrar, who represents taxi drivers, including uber. what do you think of the report? very disappointed with the buy and one of the drivers who took uber to tribunal last year, and we won our case. they allowed us to have the right to minimum wage and holiday pay. we were looking forward to, after theresa may's pledge to set up this review, after her pledge that the tory party was now the party of workers's rights, that we would see real progress. but instead, we are shocked to find out we are now worse off than ever before, if th

airline group iag, which owns ba and iberia, has reported an operating profit of £975 million up frome shrugged off the it meltdown — which grounded ba flights in may. the total cost of that was £58m. the broadband provider backed by the billionaire george soros says it has raised another £100million to help it build of its full fibre network. the company is hyperoptic. it's an ultrafast band provider, which offers full fibre networkws. these it says are more than ten times faster than the best possible on most of the infrastructure run by bt‘s network subsidiary 0penreach. the question is how much of a difference will it make. dana tobak is chief executive of hyperoptic. tell me exactly what it is you provide. we provide a full fibre solution, we allow people to use different products depending on what they are interested in, so our headline product is a one gig symmetric service... what exactly is that? i'm getting a bit loss with the jargon. when i plug my computer in into your system, what will i get? what you will get on a fttc or what bt calls their infinitely fibre product is s