andrew, loads of different bits of information about kingfisher.in many realms within the diy world? ten different countries and 12 different stores. it is in the process of a five year transformation. despite this, this extensive coverage it has across a number of different european nations, it does not have the kind of integrated buying and it systems, back office staff, which it feels would enable it to first of all offer a more unified and better off to its customers, but also to generate more profits for its shareholders and there has been some disruption associated with the transformation that the company is trying to go through under its chief executive. in particular, it seems to have affected sales in france which did decline significantly and the company remains quite cautious cautious in its assessment of the outlook for france and the uk. depending on how you look at things in the uk, but overall, uk and ireland sales were a touch down, but there was more of a disruption in there was more of a disruption in the french operation. in the

kingfisher own b&q and screwfix.n, conversation is never too far off from the housing market. a new study out today from the resolution foundation says that young people in britain are spending three times more on housing than their grandparents did. those now in their 70s and 80s spent just 7% of their annual income on housing at the age of 30. whereas the baby—boom generation — now in its 50s and 60s — spent 17% of income at the same age. the think tank claims, millennials are at the sharp end of what they call britain's ‘housing catastrophe'. we are a nation of spenders — retail sales jumped last month as shoppers continued to spend despite strong price rises. sales were up 2.4% on this time last year — which was much higher than forecasts. india's tata steel and german rival, thyssenkrupp are to merge their european steel operations. it'll create the world's second largest steel maker. the tie—up will lead to around 4,000 job losses. the two companies have been in negotiations since last year, when tata abandoned

see there kingfisher, marks & spencer, kingfisher saying it's on target to meet s.e.c.year restructuring plan germany's thyssenkrupp and tata steel. separately finnish utility says it's in advanced talk to by 47% stake in fossil fuel business uniper an unsolicited takeover offer is not in line with uniper's strategy a lot of big movers in today's trade. carl, back to you. >> thank you, seema mody. >>> recalling a time in the early 2000s a company that exited for $200 million was considered a success maya is a partner and joins us this morning at one market good to have you, good morning. >> hi there. >> your quote here stands out. what has been sent out into the market, ugg. i've read s1s and cringing at the lack of profitability and lack of convergence to profitability. why is this happening? >> there's been a rush towards alpha in the market. institution a little investors have had a really hard time getting high returns in the last several years off s&p which is at an all time high and looking for companies that will break o out. profitability, the spate of ipos that

and we have some kingfisher lines. adjusted pretax profit 494 million pounds.lf adjusted interim dividend of 3.3 pence. --first glance that looks the first half retail profit, 467 million pounds. and the adjusted pretax profit is 394 million pounds. at 19.63%. on performance, they are reaffirming their views of mid-single-digit topline growth. expansion will be weighted toward the second half of the year, they say. operations continue to strengthen. and taking a look at where we are at the open, mixed european equities. manus: you have paris down by 0.1%. a 10 stocks are rocking at year high. it is interesting how markets a must shrugging their shoulders at the president of the u.s. who stood up and said perhaps one should wipe out an entire country being north korea. this lastalked about hour how markets have not fallen out of bed as a result of the rhetoric from president trump. here is the risk radar. the asian session pretty flat. trump repeated his rocket man jibe at kim jong un. we are going to hear from the fed later, what they said about the dots, the b

kingfisher group is one of the biggest risers, they own and b and q and screw fix.y broke is like two years ago after diving off the stage at a gig in sweden. —— broke his leg. foo fighters front man, dave grohl, has revealed prince harry visited him in hospital after he broke his leg, while on tour in 2015. the singer also says the injury helped to inspire the band's new album. he was speaking to the bbc‘s entertainment correspondent, colin paterson, along with foo fighters' drummer, taylor hawkins. well, you know, the funny thing is, falling off the stage in sweden and breaking my leg on the last record tour was actually kind of at the beginning, it was at the beginning of the tour almost, you know. yeah, i mean, we'd only been doing shows for a couple of months at that point. yeah, so we had 70 more shows, 60 more shows after that. it didn't hurt when it happened. then it was hard to tour for six months afterwards, sitting in this ridiculous throne thing. i was physically exhausted. i was mentally exhausted and emotionally drained. and ijust thought, you know, le

. >>> kingfisher shares are topping the stoxx 600 after better than expected first half profit they posted underlying pretax profit of 440 million pounds total sales rose 4.5%. the owner of bnq sounded a cautious tone on the economic back drop in the uk and france. >>> inditex shares are under pressure the owner of zara said gross more gin of margin as a percentage of sales slipped a year ago this as inditex reported a 9% rise in first half profits >>> diageo shares fell as the drinksmaker says the later chinese new year and a ban on alcohol sales near indian highs will weigh on sales growth diageo expects better margins in the second half of this year >>> toshiba reportedly selected a group led by bain capital to buy its memory chip unit the deal is worth a reported $2 billion, though it has yet to be formally announced it comes as toshiba looks to plug a financial hole toshiba and bain have not commented on the reports. >>> as we were talking about before, sprint and t-mobile are in active merger talks again, that's according to cnbc sources. shares in both companies led the telecom sect

kingfisher doing really well. one of the biggest risers on the ft—se100.alcony. well, i thought we'd start with a quick look at what hurricane maria is up to. it has made landfall about 11:30am and our time. it has been working in a west north westward direction across the most populous area of this densely populated island. the latest show the eye towards the north coast now but it has been a long time over the island. we are going to get widespread catastrophic damage from this system, gusts up to about 190 miles an hour. also in the firing line the dominican republic but a eastern areas and then the turks and ca icos eastern areas and then the turks and caicos islands. again, significant damage likely. in the uk, without this weather system at wriggling around in the atlantic. it is a particularly slow moving front and will be with us for 36 hours as it drags its feet across the uk. as we go on through this evening some doubt whether across the uk but the bulk of the heavier rain will be across northern ireland, western parts of wales and western parts

on the upside, kingfisher this morning, all trades to the upside. mexico story, clearly a huge and important humanitarian crisis surrounding what is happening in mexico, but i want to highlight as well for the functionality we have surrounding this number this is obviously one of the big supply chain tories and the united dates. stories in the united states. he can see the incredible exposure they haven't to mexico and you wonder whether or not there will be a supply chain stories surrounding it. we know there is a vw factory that has been shut down as a result of this. take a look at the more longer-term implications which could result from this. this kind of stuff is important. matt. matt: absolutely. not just ford and gm. you will see massive exposure in mexico for renault. massive exposure for fiat chrysler. so, mercedes, daimler, look across the board. they all have big plans. that is one of their big production areas. they export a lot of cars as well. let us talk about the fed. will the federal reserve raise rates again this year? this is one

kingfisher, owner of bm), up even though we are not spending as much on diy.l, it is just in the last 20 minutes, but hurricane irma has made landfall in the south—east of puerto rico as a category for major hurricane —— hurricane maria. devastating with winds up to 155 mph. earlier it passed to the south of the us virgin islands and since then, as you mentioned in the last 20 minutes, made landfall in the south—east of puerto rico. accompanied by the winds we have a storm surge and heavy rain leading to some mudslides and some coastal flooding as well. that is over the next few days. back to the uk, it is cloudy out there for many. some brea ks cloudy out there for many. some breaks in the cloud to give us some sunny spells, but the biggest cloud is towards the north and west. despite the cloud we have some mild air moving from the self through the course of today, so we get that sunshine breaking through, and it will feel warm and pleasant with temperatures up into the low 20s. but to the further north and west, there will be thicker cloud and outbreaks of r