jonas samson -- samuelson will take over.seems as though the collapse of the $3.3 billion deal to buy general electric's household goods has been a nail in the coffin. he will depart, but he will remain on a consultancy basis. watch for that stock to move on the open as well. i want to keep an eye on some of the stocks to watch in the united kingdom. they are related to our continued concession that his property in the u.k.. wimpey announced a record operating profit margin of more than 20%. compensation prices are up, sterling is up. 2015 results ahead of previous expectations. also made some significant disposals last year, boosting profitability. amongsome, once again, many others to follow. guy: thank you very much indeed. will there be a point in 2016 where i have to say emerging markets are so beaten up that i have to start rotating into them? : i think there will come opportunities. if we use china as an example, the old economy is not the idea you should be looking at. you should be looking at the new economy in that

being passed on to jonah samson -- jonas samuelsson.head of electrolux major appliances in middle east, europe, and africa. now he will take the leadership for the entirety of electrolux on the first of february. anna: stocks in china have extended last week's fall. concerned that the economic slowdown is deepening. a nobel-prize-winning economist said that the recent volatility it is a sign of slowing. >> it is not cataclysmic. it is a sign of slowing down. what it reminds us is that market rules matter. the way you structure those market rules can diminish the volatility or increase the volatility. what we're seeing here, in a sense, is a consequence of some market rules that were not as well-designed as they could be. manus: let's speak to enda curran. good to see you. china keeping the yuan reference rate steady for the second day. let's be frank about it. hibor is hiking to the highest level we have seen on record, over 13.5%. when you see it spiking the way it does, it really flashes danger. the question is whether today is it iso