lizzy burden with the latest on the u.k. the adani investor roadshow has arrived in hong kong.his is the indian conglomerate continuing his charm offensive with investors to ease concerns about its financial health. in an exclusive interview, the cfo says adani group is not seeking to refinance debt or inject capital. annabelle, you spoke to the adani cfo, what were your takeaways? >> that's right. just to give you some context, adani group is taking a roadshow this week. they have been in singapore on monday, hong kong today and tomorrow. essentially, the key message is that the group is meeting with investors from different banks. today was posted in barclays, so we spoke with robbie singh, this is the group cfo. i asked him what is his message that he is bringing to the sit-downs, given there is somebody concerns around corporate governance and financial health of the enterprise. take a listen. >> we have an obligation and duty to face an environment like this. to actually meet and answer the questions in person. >> and the reception so far you have got? >> we will meet our

lizzy burden there in london. take a deeper dive into the economic and political challenges facing britain. that is at 930 u.k. time, in london. there you go, it is "bloomberg u.k.". plus interviews to keep you focused, the anglo american ceo, wpp from the world of advertising, and the nato secretary-general. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. (jennifer)cast business. the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe

francine: thanks so much, lizzy burden outside westminster. when you look at the kind of risk, we thought it would be risk off overall because of what happened in asia, but we are seeing gains across the board. european stocks gaining 1% overall. this has nothing to do with brexit, it is more the general mood over inflation in the u.s. >> markets seem to have wrapped their heads around the fact that the fed will have to do more to tackle inflation and reprice accordingly. you mentioned market pricing for that peak, the fed rate is 5.4%, above what we're seeing from the most hawkish officials, that is james bullard who still puts his forecast below 5.375%. before, when we saw initial hawkish notes from the fed, markets were spooked, but now investors have had a chance to really wrap their heads around the idea that inflation is here to stay, they will have to price in higher rates but not panic about it. francine: how about brexit? i don't know there was are -- i don't know whether there will be market moves on the back of that. >> this is not

and of course thanks to lizzy burden. as lizzie was mentioning, the u.k.tarted a technical sector in the last quarter of 2020 two. the economy contracted by 0.05 percent in december. running is now is hsbc's chief u.k. economist liz martin. talk me through the numbers you saw today and what stood out to you in terms of giving us the guidance to where we go next with the u.k. economy and data we are going to see. liz: as you say, we have just about started the recession. i do not think that was particularly big news after we have the november and october numbers on the cards. we had a negative quarter and in zero grow so it is not a particularly strong out-earn. if we look at december specifically. i think part of that was due to actually public sector services. it was doctors appointments, fewer gp appointments, fewer operations and fewer or less attendance in school. that is not particularly encouraging, i have to say, but also the ons set a lot of this is about the strike action. there were postal sector strikes and train strikes. you might say that is g

bring in lizzy burden. it clear there is no imminent deal to be announced, the whips are contacting the various party members over the weekend. is it really close? a final deal? lizzy: that was classic expectations management from rishi sunak in munich. you have heard him in a flurry of diplomatic talks the past two days with ursula von der leyen and the parties in northern ireland, as you say. the newspapers had been reporting that you might have had an announcement today but we are expecting that will be delayed by a day because he is still engaging with both brussels and belfast. the telegraph newspaper reported late last night that there will be a pause on a deal because of blowback from mp's in his own party. they say they are feeling like they are being bounced into a deal because of the ramping up of expectations and they are not happy with that. you had the former chief brexit negotiator, david frost, tweeting that rishi sunak does not have a deadline so he might as well keep negotiating and really

francine: lizzy burden there with the very latest on the inflation data.: let's check in on some individual corporate's on the move. barclays taking a big hit in terms of a mess on the earnings. almost every division coming in lower in terms of their earnings. early down 8.2%. there you go. they have announced a share buyback of about half a billion pounds and have raise the dividend, but that is doing nothing to reassure investors. asml up .1% as news of round a former employee in china apparently taking, stealing data . export controls may have been violated. glencore down 1.8%. just below estimates. there going to be paying out more than $7 billion in dividends and buybacks. coming up, fed officials say higher rates may be needed after u.s. inflation comes in hotter than expected. we will discuss that next. the markets here in europe are currently down .2%. futures in the u.s. down by 5/10. francine: barclays shares were on the biggest companies we need to look after today. shares down 6% after income traders fell short of estimates. the bank said it wo

with lizzy burden. a historic moment for palmer terrien's in westminister.re the key takeaways? was it more than a photo opportunity was in more than just an offer of one to thank u.k. for support? did any material come out of this? lizzy: it was a one in a generation speech from its one in the westminster hall. it was an iconic moment to. that was the place where the queens a body laid in state he had two messages. he wanted to think britain for its support from the conflict. he had a shot out for the prime minister boris johnson. there is a bigger message here that it was an emotional plea for fighter jets. he illustrated it by handing the helmet of a fighter helmet to the speaker of the house, linzie hoyle. take a listen. [applause] >> i will explain. the helmet of a real ukrainian pilots, he is one of our most successful aces, and he is one of our kings. and the writing on the helmet reads: we have freedom. give us wings to protect it. lizzy: a pitch perfect performance from a master of communication. it splashed across the front pages of the u.k. papers

let's get to lizzy burden. is there really going to be a deal? what is the choreography? >> it has been two weeks of false starts. the county is just home to the royal castle of windsor. they are expected to finalize a deal. what it wants from the deal is to ensure that it fixes the practical problems on the ground. there will be a cabinet meeting after that. the prime minister will then have a joint press conference before the prime minister goes to the house of commons in parliament to deliver a statement. we are not expecting a vote on a deal today but when it does come, it is expected to be a three line with. he will be hoping he can say he is the man who finally got exit done. >> the question is what is it that will bring these brexiteers on side? that is the crux of the matter. >> there is a range of views within the democratic unionist party. he was photographed walking down the street giving a big thumbs up to the cameras. another potential -- another potential fall could be boris johnson. this could be a scrapping of the northern ellen protocol deal. liz truss, t

lizzy burden on the coming -- upcoming data. get out to sharmila whelan from westbourne research services. good to see you again. let's start in the u.k.. we have done enough. what is the risk? how much risk does the bank of england face in terms of raising rates? are they in a spiral? sharmila: they are very much focused on inflation. if it is a trade-off, my view is that inflation is coming down and we could see that number stable. it is coming down pretty slowly. there is still a lot of liquidity in the system. i am looking at another 50-70 basis points. -- 50-75 basis points. manus: is 50-75 basis points going to put a floor on australian, or does it have to act as a release bond? sharmila: it has to act as a release valve. industry rates have been very lax. that will come off of the back of bond slowing. you have to not give in to union demands. that will stoke inflation further which means battling interest rates. this all leads to a longer downturn. manus: what about the united kingdom? sharmila: very good question. it ha

joining us to discuss this is lizzy burden and teresa rafael. lizzie, let me bring that to you. she is out, what is next? >> i think nicola sturgeon is going to welcome the just and ardent comparison. i think she took a leaf out of this and ardent's book in that speech. for independence in scotland, nicola sturgeon has been trying to get a second referendum on scottish independence and failing. post recently the u.k. supreme court tossed out the -- they ruled against unilateral independence vote. nicola sturgeon wanted to use the next general election as a de facto vote on independence. lots of people in her party questioned that. there was going to be a conference on what to do next. now that will go ahead. she says it is onto her successor and the party to decide what is going to happen. people asking if nicola sturgeon cannot get scottish independence, who can? there is an impact for wider u.k. politics, because if labor wins the s&p seats, it's going to be even more pain than is already expected for rishi sunak. alix: hearing the news it did feel very abrupt. the market obvi

francine: for more, we are joined by lizzy burden who is outside westminster. we have a deal. how is it different from his predecessor's? lizzy: we heard rishi sunak claiming this as a victory. what he says is the difference is he is fundamentally rewriting the northern ireland protocol. for example, on vat rates, it will be london rather than brussels setting them in northern ireland, not something brussels previously said could have been done pretty also reduced the number of checks going between gb and northern ireland establishing a green and red lane. green good to stay in the u.k., red if they are going to the rest of the european union. in terms of the role for the european court of justice, he has established the stonewall break, which allows the northern ireland assembly to potentially stop the application of eu laws in the region print however, the ecj will remain the ultimate arbiter on eu laws and he has not been able to completely remove eu laws applied in northern ireland. he has just reduced the numbers, so the tensions are going to linger. until we have a vote t

francine: lizzy burden on nicola sturgeon's legacy as first minister.king at stocks on the move. we have a ton of news from companies that did better-than-expected or certainly are giving more back to shareholders. pernod-ricard the drink maker and france which does a frozen drink which could cutback in popularity but they came up -- out saying they would get back to shareholders. they are gaining 4.5%. the other story is commerzbank saying this year's profit will be -- beat 2022 on rates. they are doing more in terms of forecasts or the results cap the first half of the for your turnaround plan under the chief executive that benefited not only from the rates tailwind on the back of european central bank's effort to contain inflation but from the restructuring. you can see commerzbank gaining 7%. standard chartered we had a terrific briefing from tom metcalf who oversees our finance coverage here in europe. standard chartered up 2.6%. we spoke to the chief financial officer. shares are rising after they boosted guidance, but also gave a $1 billion buyba