the lloyds banking group, up almost 3%. they issued a strong profit for the year. of their last shares backin governments of their last shares back in may. metro bank, they are down almost 5.5%. despite it being the first year they have announced a profit. that's all the business news. prime minister's questions returned this lunchtime — following last week's break. theresa may faced questions on brexit and syria and the oxfam scandal from mps. norman smith was following proceedings and joins me now from westminster. thank you. a bit of a variety of all sorts of different questions. most of the coverage will focus on brexit, as usual, withjeremy corbyn trying to glean some indication from mrs me about what sort of final brexit deal she is seeking. we are brexit deal she is seeking. we a re halfway brexit deal she is seeking. we are halfway through the six speeches we were told would set up the government's negotiating position. so far, all we have had is waffle a nd position. so far, all we have had is waffle and empty rhetoric. businesses need to know. people want

customers of the lloyds banking group have been banned from using their credit cards to buy virtual currencies decision affects all account holders with lloyds bank, bank of scotland, halifax and mbna. the group says it's protecting customers from running up debts they could never repay. the surviving suspect from the paris terror attacks of 2015 will go on trial in belgian today. salah abdeslam faces charges relating to shoot outs he had with police while on the run in belgian in 2016. he faces a second trial relating to his involvement in the paris at later date. 0ur europe correspondent gavin lee is at the court in brussels. salah abdeslam, at one time the most wa nted salah abdeslam, at one time the most wanted man in europe, what can we expect from the court today? this is a separate case because the four months after the paris attacks, the 13th of november 2015 where 150 13th of november 2015 where150 people were killed in the bataclan, restau ra nts a nd people were killed in the bataclan, restaurants and the stade de france, forfour months, restaurants and the stade de france, for four

we have seen the lloyds banking group news, but what is the underlying outperformance at the moment?ter. than 2016.tter we feel we are making progress. theof the advantages of transaction with phoenix is we are keeping the very high growth platforms, and out you have seen, the flows there were good last year. they have been growing at a competent annual growth rate of -- growth rate of 35% a year. we see huge growth in the future. anna: apart from the news around the lloyd's, the other outflow trend, is 2018 looking better than last year? martin: it is too early to tell. we are just a month in. the lloyd's amount, it is looking better. the twointegrated distribution teams, so they are 10ng forward, starting from worry one of halfway through the year. we are definitely seeing better trends. a globally, understand you either need to be big in this business or small. certainly, the structure lends itself more to a modern capital lighjt investment coming. anna: you have said you were not interested in doing m&a deals. you are busy enough, which i understand, with standard life in aberdee

customers of the lloyds banking group have been banned from using their credit cards to buy virtual currenciest's protecting customers from running up debts they could never repay. the sole surviving suspect behind the paris terror attacks in 2015 will go on trial in belgium today. salah abdeslam faces charges relating to a shootout he had with police while on the run in belgium in 2016. he faces a second trial relating to his involvement in the paris attacks at a later date. it could be one of the coldest weeks of the year. snowy has led to a serious accident in kent this morning already. this was taken by police on the m20. no one has been seriously injured and the motorway has been cleared. there are yellow warnings for ice on many highways. mothers are being hit by a long—term pay penalty if they work part—time while looking after children, according to a new study. by the time their first child reaches the age of 20, mothers earn around 30% less than similarly educated fathers, because they don't benefit from pay rises associated with having more experience. a new mental health campaign t

lloyds banking group said on sunday it would ban its credit card customers from buying bitcoin and other for unpaid debts should the price fall further. people will still be able to buy digital currencies with debit cards. nicos anastasiades has won re—election for a second term in the presidential election in cyprus. the conservative incumbent got 55% of the vote. he's promised to restart peace talks with turkish cypriots who govern the north of the island. moscow has seen its heaviest snowfall in a day since records began, with thousands of trees brought down, power lines damaged and air travel disrupted. more than half the monthly average snow fell on saturday, beating the previous record set in 1957. a falling tree and collapsing power line has killed one person. 70,000 council staff are out clearing roads. sarah corker reports. this is what it takes to keep moscow moving. an army of snow ploughs at the city's airports trying to keep runways clear. but nearly 150 flights have been severely delayed and dozens cancelled. the russian capital has seen more than half its average monthly s

lloyds banking group said on sunday it would ban its credit card customers from buying bitcoin and otherp footing the bill for unpaid debts should the price fall further. people will still be able to buy digital currencies with debit cards. votes are being counted in the first round of costa rica's presidential election after a campaign dominated by same—sex marriage. with about half the vote counted, a conservative christian preacher, fabricio alvarado, has taken the lead with just over a quarter of the votes in his favour. his support has grown quickly in the last month after a legal ruling binding costa rica to legalise same—sex marriage, a move which created a backlash from catholics. nicos anastasiades has won re—election for a second term in the presidential election in cyprus. the conservative incumbent got 55% of the vote. he's promised to restart peace talks with turkish cypriots who govern the north of the island. the british home secretary has played down the government's internal divisions over brexit at the start of a crucial week in the negotiations. amber rudd said the cab

britain's lloyds banking group has banned its customers from buying bitcoin on their credit cards, followingf the digital currency. the ban, starting on monday, applies to lloyds bank, bank of scotland, halifax and mbna customers. shares in asia winning back some of the losses sparked by a sell off on wall street. actually ended the session higher. also got a boost from a private survey showing china's services sector got off to a strong start in 2018, expanding at its fastest pace in almost six years. it was interesting showing the service data, china expanding at its fastest pace. eruopean markets opening lower though following that lead set on friday by wall street. expectations of a rate rise in the us, earlier than many had been expecting. investors have assumed that there could be another two, or maybe three rate rises this year. friday's jobs data adds the option of a fourth. we'll discuss what that could mean in a moment, but first yogita has the details about what's ahead on wall street today. there's another budget deadline looming, this week. a situation that seems all too familia

lloyds banking group has banned its customers from using its credit cards to buy virtual currencies, y never be able to repay. our personal finance correspondent simon gompertz is here. probably worth explaining a little bit more again about bitcoin. we keep hearing about it. what is it, how does it work? it is one of several what they call crypto currencies and they are basically invented currencies that operate on the internet. you can't hold them because they're not real, they are virtual, as you say. you can't keep them ina virtual, as you say. you can't keep them in a bank account. they are not regulated and controlled by the bank of england, so what's the attraction? well, they‘ re of england, so what's the attraction? well, they're quite secret so people don't really know who has the money, how it is behaved, so criminals have been using them, and also, for many, it has been a gamble. they have seen the values go up and up and then down and they have been attracted to get into them. this is the wild west of finance at the moment, online money. let's look at what has happened to

lloyds banking group terminating an arrangement with this company in which britain's largest active money manager oversees over 100 billion pounds of assets for the bank. it says it is disappointed with the decision, which will affect the revenue on a performer basis. it will take a 40 billion pound impairment charge on the results. shares down by 8.5% today. let's look at the rand. south african assets have limited room for further gains as the resignation of resident zuma was already priced in. and on speculation his replacement faces a rough challenge to reform the economy. that is according to analysts and investors. look at the dollar. the rand today rising to its highest level since february 2015 versus the dollar. yesterday, it has rallied 20% over the last three months. it selected its leader in mid-december. the next critical milestone investors say will be the assessment expected at the end of next month by south africa's plagues theg, which nation on review for a downgrade in november, but the rand had been surging in the last month. 30 minutes into the session in the u.s. how

the decision affects all account holders with lloyds bank, bank of scotland, halifax and mbna. the groupfrom running up debts they could never repay. our business presenter ben thompson can tell us more. just remind us what bitcoin is. there are so many ways of describing it, i don't think we have the time, really. just one will do! it is an online currency, one that does not exist in notes and coins but only in the virtual world. the real issue is that it the virtual world. the real issue is thatitis the virtual world. the real issue is that it is not governed by banks or institutions we were traditionally relied on to look after our money, which has meant there is a lot of scepticism about how it is regulated, monitored and who is keeping an eye on transactions. that said, it is also pretty volatile. we have seen the value of it in real money value fluctuating. last november, it was worth $19,000, and last week it was worth $8,000, a huge fluctuation. lloyds say they are worried about people trying to buy bitcoin using a credit card and then, given those sort of fluctuations, you might

let's finish with one of the big moving stocks of the day, this is aberdeen shares down, lloyds banking groupnning to terminate an agreement with this company which is britain's active money manager. that $100 billion in assets, saying your disappointed by the decision that will affect less than 5% of annual revenue. a 40 million pound impairment charge on those for your results. that is the look at european markets. u.s. we are in the just below that, 2.89, but more and more economists are raising forecasts for those fed rate hikes. now it is expected to have three in 2019 -- and they are skewed higher. and we can see continued weakness in the dollar index -- benefiting for one currency, the japanese yen, which is at 106.24. and then crude oil, we're down in the session, from the above $60. and then let's take a look at wm. markets, into equity but it started in asia with positive tone, and in south africa you can see is decidedly in the green. the new president has been sworn in by the countries chief justice. equities in other regions -- bridgewater has $18 billion against some of europe's

ed: lloyds banking group --ed: willloyds banking group buy up to one billion pounds of its own sharesk a 600 million pound charge for protection insurance that had earnings. pretext of dropped 20%. delivered a bumper set of results. the swiss commodity trader reported record annual profit. will pay $2.9 billion in dividends this year. this was below analyst estimates. apple is planning to buy long-term supplies of kobold directly from minors. iners. cobalt is a key ingredient for smartphones. that's your bloomberg business flash. guy: let's pick up on the last story. talk a little bit about glencore. with me now is mark barton. on one hand you've got a small miss in the overall profit line. but then you have the trading on arm lorene --ding roaring. there are a few surprises in there. the marketing business, strength of that. that's done better than the company has forecast. advertised as a differentiating factor. i think that's becoming true. they have instituted a new out atwith their kicking least 75% of their industrial earnings on top of a billion dollar payout. , it'sk on these

. >>> lloyds banking group has missed expectations despite posting a record full-year pretax profit of 5.3 billion pounds the bank announced a share buyback of 1 billion pounds. the cet 1 ratio was 15.5% before distributing capital. >>> the job is not done. that is the message from hsbc's group chairman mark tucker speaking to cnbc he talked about the impact of fed rate hikes and gave his outlook for growth. >> general consensus is two or three times, and we would think that's probably right. we would see 25 basis points hikes two or three times this year getting up to 1.25, 1.50 towards the end of this year >> as chairman of hsbc, what do you worry about most when it comes to global growth >> in terms of the factors of the biggest concern, they would be macro factors macro geopolitical factors across our businesses. in the individual territories. so there's nothing in a sense of -- in a micro sense these are macro factors that all of us have to deal with. whether they are issues in the middle east, concerns in -- geopolitical concerns in europe, whether we have brexit all of these are

lloyds banking group has banned its customers from buying bitcoin and other crypto—currencies on theirrgin money. the ban — starting today — applies to lloyds bank, bank of scotland, halifax and mbna customers. it will not apply to debit cards, only to the banking group's 8 million credit card customers. bitcoins are created through a complex process known as "mining" — and then monitored by a network of computers across the world and over the course of the past year the value of a single bitcoin has fluctuated wildly. this time last year one bitcoin was worth approximately 700 pounds. the value jumped over the course of last year and it peaked atjust under 1a thousand pounds. but the value has fallen in recent weeks and one bitcoin is now worth around six thousand pounds. asi as i say, pretty volatile. our business correspondent simon gompertz is in the bbc‘s business unit. we now have lloyds joined by virgin money. are we likely to see other names added? lloyds is the biggest operator in the credit card market. we've been trying to find out what other banks are going to do and there

virgin money hasjoined lloyds banking group in banning its customers from buying bitcoin and other cryptok, bank of scotland, halifax and mbna customers. bitcoins are created through a complex process known as mining, and over the last year their value has fluctuated wildly. this time last year, one bitcoin was worth approximately £700. the value then jumped and peaked atjust under £14,000. but it has fallen in recent weeks, and one bitcoin is now worth around £6,000. doc did gary coleman is an economic sister in at cambridge university and joined us on webcam. i wonder if we might go back to basics, just explain exactly what a bitcoin is. bitcoin is a digital alternative currency, and by digital alternative currency, and by digital we mean it is electronic, it doesn't take physical form digital we mean it is electronic, it doesn't take physicalform like digital we mean it is electronic, it doesn't take physical form like the banknotes and coins in our pockets, and by alternative currency we mean it is not created by a central bank you can't use it to pay your taxes, it is created by priv

loser after being served notice on a £109 billion asset management deal by its largest client, lloyds banking groupld enough to get behind the wheel of a car. the number disqualified from driving has risen by 50% over the last four yea rs. the killed him and we didn't get to see him... well, we saw him but we had to look through a window. a window, we couldn't touch him. we couldn't touch him, we couldn't see him, it was a horror movie. distraught sisters describing the agony of losing their 15—year—old brother in a fatal car crash. darnell harte was killed alongside two other children and two men. they were passengers in a stolen car which hit a tree at high speed in leeds last november. a 15—year—old boy was jailed for 11.5 years for dangerous driving, but he's far from alone in being an underage driver. i was putting people in danger. i know that's other people's life, you know, it matters to another family. mikey started driving on the streets of bradford aged 16, he and his friends used to hire a car to take out onto the roads. if there a group of us, you know, we'll all chip in and we'll let

in the u.k., shares of standard life averaging are falling with lloyds bank group have terminated an$153 billion of assets. standard life says the move would affect less than 5% of its annual revenue. tom: thank you. there is too much to talk about about washington and how it folds into our financial world. kevin cirilli makes note of an interesting idea at the white house. after the horror of last night, no scheduled events for the president of the united states. that may be one indication of a white house in turmoil. i will not put it all on the general, he is only one voice, one person in a large staff. how do you have a president, after what we witnessed yesterday, with "no scheduled events?" >> the president is not scheduled to speak publicly today as a result of the tragedy . he has an intelligence briefing, not public, as well as a meeting with you in ambassador, nikki haley -- un ambassador, nikki haley, behind closed doors. americans expect in national tragedy that their president and elected officials serve as consolers in sheets. we have not seen evidence of that from this

lloyds banking group, they issued full—year profits in its first year since the government sold all itsst profit since they launched in 2010, but share price down 4.4%. we will talk about the aaa in a little more detail later on. it's the brit awards tonight. and it's 22—year—old londoner, dua lipa, who's leading the way with five nominations. the comedian jack whitehall will host the ceremony for the first time. 0ur entertainment correspondent lizo mzimba has more and a warning his report does contain some flash photography. her global hit, new rules, has been viewed on youtube1 billion times, the youngest female artist ever to achieve that goal. the popularity of the 22—year—old londoner has helped her to lead the way with five nominations. at the moment, julie she is not work—shy, she will turn up, do the interview, do the promo, spent 24 hours doing the video, and extreme focus, 24—7. spent 24 hours doing the video, and extreme focus, 24-7. she faces strong competition in best video and the prestigious best album award from ed sheeran. the most successful male artist of the last 12