london stock exchange group one we are watching. ts to say on the new listing rules for london as well. we will bring you stocks to watch. this is bloomberg. ♪ anna: welcome back to the european market open. european market futures suggesting some downside at the start. we have seen some interesting sector dynamics. we will get into that conversation with regards to travel and ledger stocks, the reflation trade, where that takes us. we will talk about that shortly. european futures point to a downside. u.s. futures, lower. after losses of more than 2% yesterday. let's get a look at some of the stocks we are watching in europe. we will go to dani burger. we will start with the london stock exchange. i spoke earlier about some of the wider more look ahead topics when it comes to the business. that is really crucial, obviously. >> it does point to a picture of more optimism. they did give a very optimistic forecast. part of that might have to do with the fact we could see more listings come to london. we have these rule changes proposed

based food delivery company delivery room was used to be listed on the london stock exchange in just a few weeks but some of its writer is say it's an exploitative business model that makes it impossible to earn a decent living there urging the public to think about how they get their takeaways and the reports. get paid for the time we get paid for pick up we get paid for drop off shot hussein has been a delivery writer in london for 5 years he says when he started working with a service he made decent money and could help support his parents but as delivery has taken on more riders and switched to a complex algorithm to calculate pay it's become harder now $26.00 chef calculates his average hourly earnings at below half the adult minimum wage or less than $6.00 now with the fees so low are as he had to cut back on a lot of things the only thing that's actually keeping me afloat is universal credit and. government scheme even. even buy the parts for my bike or even fix my bike out here actually rely on the government scheme to actually. find the money shafts one of the delivery worke

today it lists on the london stock exchange in what could be the uk's biggest floatation for a decade. deliveroo is expected to be valued at around £7.8 pounds — in dollars that would be at 10.7 billion. are giving this initial public offering a miss. there are concerns about the companies treatment of it couriers with hundreds of riders expected to refuse to make deliveries when shares start trading later today. rebecca crook is chief growth officer at somo. you again. what do you make of deliveroo as a possible investment? should people piling today and overlook issues such as the couriers and what they say about their rights? i what they say about their ri . hts? ~ , what they say about their ri hts? ~' , u, ., , rights? i think being cautious is the right — rights? i think being cautious is the right word _ rights? i think being cautious is the right word and - rights? i think being cautious is the right word and it - rights? i think being cautious is the right word and it is - rights? i think being cautious is the right word and it is an l is the right word and it is an insane am

in london for decades but shares of mail delivery service delivery plunged on the london stock exchange debut stock fell by as much as 30 percent and it's one of the steepest trading davy force from major company on the london market here is delivering who has seen a boom in demand during the pandemic bringing food from otherwise close restaurants to customers locked up. or we can hear from our correspondent in london about what impact this failed listing has had. well it looks like a lot of investors did not participate in this i.p.o. due to an environmental and social concerns to the rule really had a lot of negative press over the payment of its writers who earn much less than the minimum wage in the u.k. the u.k. being the biggest market and there is an expectation that that might change soon so that's obviously a warning for investors that the profit margins of delivery could be impacted even further the other issue seems to be an issue of governments unequal voting rights and the ability of the c.e.o. to retain control of the companies those seem to be the biggest issues that made

in london for decades but shares of mail delivery service delivery plunged on the london stock exchange debut stock fell by as much as 30 percent and it's one of the steepest trading davy falls for a major company on the london market. livery who has seen a boom in demands during the pandemic bringing food from otherwise close restaurants to customers locked up. but we can hear from our correspondent in london about what impact this failed listing has had. well it looks like a lot of investors did not participate in this i.p.o. due to environmental and social concerns delivery really had a lot of negative press over the payment of its writers who earn much less than the minimum wage in the u.k. the u.k. being the biggest market and there is an expectation that that might change soon so that's obviously a warning for investors that the profit margins of delivery could be impacted even further the other issue seems to be an issue of governments unequal voting rights and the ability of the c.e.o. to retain much control of the companies those seem to be the biggest issues that made and west

on the london stock exchange. becky it's due it believes that it's important to ensure quality standards are maintained. in back and here the london suburb economist simon french works at his kitchen table instead of in the city he too wants against too much deregulation but sees opportunities for instance and setting new and high standards in climate finance. the reality of course is york wants to be part of that all the european union senses want to be part of that asia will want to be part of that it will be a competitive battle i think he runs it on the houses existing infrastructure in terms of the scale of its capital markets he enables that to be done a probably lower transaction cost than some of the more up and coming economic ups . climate finance and. london could score points here with new ideas and even much stronger from the crisis. it will come back it will be busy will be drinking here on friday afternoon again i hope that there would be such a queue of the ball. getting to the coronavirus pandemic

kate: it was supposed to be the next big player on the london stock exchange but the food delivery platform diveroo has not impressed. settling down a whopping 26%, the biggest first day slump for a major london debut on record. major firms decided against investing in the ipo, citing concerns about working conditions and the gig economy business model. let's look at the rest of the day's trading action. stocks in london losing about 0.8% at the close. the dax, fairly flat in frankfurt as inflation in the euro zone rose in march. the nasdaq getting about 1.5% at the close. the s&p 500 index hit a new high. the dow jones closing just in the red. u.s. private sector firms, the fastest growth since september. h&m has reported losses in a three-month period from december to february. what is really making waves is the swedish retailer's statement about china. it even saw some of its shops shuttered this past weekend over the weaker muslim -- over the uighyur muslim minority. on wednesday, h&m addressed the backlash, saying it remained committed in the long term to china which he described as a

the london stock exchange could see its biggest debut in a decade when the food delivery service goesublic on wednesday. the firm expects to be valued at 8.9 billion euros. it is priced at the lower end of its initial range citing market volatility. it is likely been shaken by the announcement from major firms that they will not buy shares because of bad working conditions. the company has faced criticism of the treatment of its self-employed drivers. more than one year of travel restrictions have taken their toll in par. the french capital and its surrounding region have lost over 15 billion euros as tourism pedroia. -- dried up. >> is quiet in paris with travel restrictions still in place and a third coronavirus lockdown, the usual crowds of tourists are absent. [speaking foreign language] there were only 17.5 million visitors to paris in 2020. that is down from 51 million in 2019. the president of the greater paris region is asking the government for rescue fund of 10 billion euros. it would be good for this local business. [speaking foreign language] it is the same problem for hot

based food delivery company deliver ruis due to be listed on the london stock exchange in just a feweeks but some of its riders say it's an exploitative business model that makes it impossible to earn a decent living there urging the public to think about how they get their takeaways as the ban now reports. get paid for the time we get paid for pick up we get paid for drop off shot hussein has been a delivery writer in london for 5 years he says when he started working with a service he made decent money and could help support his parents but as delivery has taken on more writers and switched to a complex algorithm to calculate pay it's become harder now $26.00 chef calculates his average hourly earnings at below half the adult minimum wage or less than $6.00 now with the fees so low i actually had to cut back on a lot of things the only thing that's actually keeping me afloat is universal credit and the sci s.s. government scheme even from anyone buy the parts from our. fix my bike out actually rely on the government scheme to actually. find the money shafts one of the delivery work

going for the london stock exchange.mic. just eat will be hoping that the trend does continue even after the lockdown centre. i bet the will after the lockdown centre. i bet they will do- — after the lockdown centre. i bet they will do. thank _ after the lockdown centre. i bet they will do. thank you - after the lockdown centre. i bet they will do. thank you for - after the lockdown centre. i bet they will do. thank you for taking through that —— taking us through that. heathrow chiefs have warned that long queues at airports ad other borders could damage the resurgence of the uk economy after lockdown is fully lifted. its chief operating officer, emma gilthorpe, told mps on the home affairs select committee that queues at heathrow had reached up to six hours, with sometimes only two desks manned. she said the airport was key for business and trade, and the uk had to make sure it was ready for receiving people or they would go to paris or frankfurt. we bring up—to—date with our main headlines on bbc news. the metropolita

the london stock exchange, jd sports, and british airlines owner are some of the companies with no ethniciversity on their boards. this comes after a report in february said there were no black executives in the top three roles at any of britain's 100 biggest companies for the first time since 2014. julia: so still a lot to go before we can get ethnic for presentation on boards. catherine: encouraging that at least they are taking stock of this. julia: well, at least. that is catherine bennett with business. it is time for focus. we have been covering unrest in myanmar since the military seized power in a coup at the start of last month. since then, more than 70 protesters have been killed and 2000 have been detained. in today's report, we cross into thailand. there, exiled burmese citizens have created resistance and support networks. this report is by dda quinn. -- didier quinn. reporter: we are in a small town on the thai side of the border. the burmese here know that the country's lockdown imposed by the military junta -- they are able to speak more freely on this side of the border.

in london for a decade but shares of delivery service delivery plunged on their london stock exchange to abuse stock fell by as much as 30 percent in one of the steepest trading debut falls for a major company on the mc market for years deliver has seen a boom in demand during the pandemic bringing food from the ones closed restaurants to customers in locked up. let's get more from our correspondent in london bigger quite a dire debut there what's behind. well it looks like a lot of investors did not participate in this i.p.o. due to an environmental and social concerns delivery really had a lot of negative press over the payment of its writers who earn much less than the minimum wage in the u.k. the u.k. being the biggest markets and there is an expectation that that might change soon so that's obviously a warning for investors that the profit margins of delivery could be impacted even further the other issue seems to be an issue of governments unequal voting rights and the ability of the c.e.o. to retain control of the company says those seem to be the biggest issues that made and w

on the london stock exchange. becky it's due it believes that it's important to ensure quality standards are maintained. in the bakken sphere the london suburb economist simon french works at his kitchen table instead of the city he too wants against too much deregulation but sees opportunities for instance and setting new and high standards in climate finance the reality of course is your course be part of that all the european union center is want to be part of that asia will want to be part of that it will be a competitive battle i think iran is one of the houses existing infrastructure in terms of the scale of its capital markets enables that to be done a probably lower transaction cost than some of the more up and coming economic ups . climate finance and fin tech london club score points here with new ideas and even the much stronger from the crisis it will come back it will be busy will be drinking here on a friday afternoon again i hope but there would be such a queue at the bar. getting to the coronavirus

it comes as the company prepares to float on the london stock exchange. k, making takeaway meals accessible around the world. deliveroo is a home—grown success story. its launch on the london stock market is a huge event, but this is being overshadowed by criticism of how the company employs its delivery drivers as independent contractors, not entitled to benefits or the minimum wage. some investors say that's putting them off. deliveroo has contractors rather than employees. and as with the uber ruling, there is a significant chance that in due course people who bicycle for deliveroo as contractors will be given the rights of employees and therefore this will impact the long—term profitability of deliveroo. so pressure on the company about this employment model is mounting, as others such as uber make their drivers officially workers, entitled to benefits. deliveroo drivers from one union plan to go on strike over the issue. you'd think business is booming, you'd think these guys would be getting more money as people are starting to rely more and more on

viewers in the uk and around the world: fast delivery company deliveroo makes its debut on the london stock exchangethe uk left the european union, we find out how businesses are adjusting. and, two weeks left before outdoor attractions in the uk can open again, but how much damage has the pandemic caused the industry.

the takeaway delivery firm deliveroo has had a tumultous first day of trading on the london stock exchangethe company. so what is going on? our technology correspondent rory cellanjones is with me. what is going on? this should have been a landmark _ what is going on? this should have been a landmark day _ what is going on? this should have been a landmark day not _ what is going on? this should have been a landmark day notjust - what is going on? this should have been a landmark day notjust for. been a landmark day notjust for deliveroo but for the wider uk tech sector, a company founded here eight years ago and choosing to float, in london rather than new york, but as soon as the shares started trading it became clear that the markets confidence in the business was pretty fragile. yes, it has grown order is rapidly during the pandemic but it is continuing to lose large amounts of money and then there's the question of whether like uber it might be forced to improve pay and conditions, but it says it is a different case, although investors do not seem certain. other companies have had bad

busiest riders with bonuses of up to £10,000 when the food delivery firm lists its shares on the london stock exchangers will share in a £16 million fund. the company is expected to be valued at around $7 billion when it floats, but it is yet to make a profit. luxury car maker aston martin says it will manufacture all of its electric cars in the uk from 2025. 0wner lawrence stroll said all of its battery sports cars will be made at its plant in gaydon, warwickshire. the company is due to start making hybrid versions of its cars over the next four years, followed by battery—only models. china is at least 30 years away from becoming a manufacturing nation of "great power", a government advisor told party delegates on sunday. many observers already see china as the "world's factory", given that more than a third of global output from cars to phones comes from there. but china's leaders are concerned about its heavy dependence on the us for high—tech products. let's talk more about what happened in the us over the weekend. president biden has hailed a senate vote to approve his covid recovery plan as a gi

on the london stock exchange. becky it's due it believes that it's important to ensure quality standards are maintained. in the back and spheres in london suburb economist simon french works at his kitchen table instead of the city he too wants against too much deregulation but sees opportunities for instance and setting new and high standards in climate finance the reality of course is you'll be part of that all the european union senses want to be part of that asia will want to be part of that it will be a competitive battle i think iran is one of the houses existing infrastructure in terms of the scale of its capital markets enables that to be done a probably lower transaction cost than some of the more up and coming economic ups . climate finance and tech london could score points here with new ideas and even much stronger from the crisis. it will come back it will be busy will be drinking here on a friday afternoon again i hope but there would be such a queue of the ball. that playing to the coronavirus and th

government review of the london stock exchange put together will address how to make london more competitiveluding whether to relax rules on specs. a number of prominent investors arguing that path should be eased. daniel pinto joins us now. good afternoon. the hill report is expected and it may come this week or next week. nevertheless, what you hope this says? daniel: it is important because citi is synonymous with big banks and big companies in the future is not there. everyone is very focused about brexit and the competition of paris and frankfurt. the real. the real competition is new york and asia. one of the key issues to be more competitive is listing rules. what i expect is two things. the first is rules related to premium listings, which are antiquated today. that is why you see all of the technology running to new york. they are antiquated in the sense they make dual classes of shares impossible, and most of the technology business is coming to market. i hope and i think the report will address that and make dual listings possible, given the context of the premium listing. the sec

and the london stock exchange's matched -- matt -- exchange smashed its turning numbers that it -- far higher than expected. the ftse is outperforming, and some of the mining stocks are standing by. we are up by over 3%, 68.78 percent -- 60.78. alix: that sets me up well. the way it looks in the u.s. is an at versus cyclical move. part of that is the oil prices. to me what exemplifies that is zoom which is down over 3%, exxon is up. last year they had a 40 year low. this exemplifies the move we have been seeing if the yields were higher. we are taking a break but nonetheless. one of the most important charts is the breakeven. you are still seeing this move jump higher. particularly with very good job numbers in the u.s.. that leads to a stronger dollar. if you look at the dollar-yen, the yen is headed to its biggest weekly decline against the dollar since march of 2020. i don't think we are prepared for that stronger dollar story. it will be interesting if we could sustain it. guy: but it is sending a message of european underperformance. i think the markets are sending are really mixe

on the london stock exchange. back its do it believes that it's important to ensure quality standards are maintained. in the back and he has a number of economists simon french works at his kitchen table instead of the city he too wants against too much deregulation but sees opportunities for instance and setting new and high standards in climate finance the reality of course is you'll be part of that all the european union center is want to be part of that asia will want to be part of that it will be a competitive battle i think iran should under the houses existing infrastructure in terms of the scale of its capital markets enables that to be done a probably lower transaction cost than some of the more up and coming economic ups . climate finance and fin tech london points here with new ideas and even much stronger from the crisis it will come back it will be busy will be drinking here on a friday afternoon again i hope that there be such a cue of the ball. adapting to the coronavirus pandemic and. it's time for

and the london stock exchange's matched -- matt -- exchange smashed its turning numbers that it -- farected. the ftse is

bt, london stock exchange coming under particular pressure.side of the uk we have pretty decent gains the ftse mib in italy leading the charge, up 1%. last week the stoxx 600 finished up 0.9% led by european banks which rallied nearly 4%. let's get a check on european banks this morning, which are trading very firmly, extending last week's gains. the higher interest rate environment bodes well for the banking sector some very strong gains for commerce banks, shares up 4% deutsche bank seeing hefty gains, up 2.9% what every region is participating in this banking sector rally >>> shifting our attention to energy markets, brent crude prices jumped to above $70 a barrel for the first time in a year after houthi forces fired missiles as saudi arabia oil refineries, including a key aramco facilities. saudi officials said the attack was intercepted and resulted in no casualties or loss of property and production was unaffected still, we are seeing a move higher in oil. we've come off the absolute highs of the day, but still in positive territory bre

that is where they have been going, if you thing about how they have connected to the london stock exchange and brought her sei indicators. so china's -- broader in sei indicators -- broader msci indicators. so china's longer term trend is really just going to accelerate in the years ahead. alix: really great analysis, mark. it also explains why they say everything else is in a bubble. thank you very much mccormack of td securities. you are looking at a live shot of the confirmation hearing for the next head of the sec. we will bring you some of that hearing throughout the show. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20

on the london stock exchange. becky it's due it believes that it's important to ensure quality standards are maintained in back and here the london suburb economist simon french works at his kitchen table instead of in the city he too wants against too much deregulation but sees opportunities for instance and setting new and high standards in climate finance. the reality of course is you'll be part of that all the european union senses want to be part of that asia will want to be part of that it will be a competitive battle i think the launch of london houses existing infrastructure in terms of the scale of its capital markets enables that to be done a probably lower transaction cost than some of the more up and coming economic ups . climate finance and london score points here with new ideas and even much stronger from the crisis. it will come back it will be busy will be driven here on friday afternoon again i hope that there be such a cute little. adapting to the coronavirus pandemic and. it's time for love to t

the last couple of trading days ftse 100, down two percentage points, we're focused on the london stock exchange as low as 5% lower on the session despite better than expected results. a bit of a surprising one there. france, down about 7/10, dax in germany, down about 9/10 of a percentage point despite better industrial production rates coming in for the month of january. i want to turn your attention to italy. there's been a lot of talk about what's happening not necessarily on the financial front but the diplomatic front overnight, italy has announced they have imposed a shipment ban of astrazeneca vaccines going to australia, this has sparked a diplomatic row between italy and australia. it's having an impact on astrazeneca. the stock is down about 4/10 of a percentage point, and by the way, it's not just italy we have also heard some comments from the french health ministry this morning they too are considering vaccine export bans as well. so this is a really hard line approach that the eu seems to be taking with astrazeneca and with the rollout of the vaccine, and could have huge implicati

it comes as the company prepares to float on the london stock exchange. uk making takeaway meals accessible around the world. deliveroo is a homegrown success story. its launch on the london stock market is a huge event. but this is being overshadowed by criticism of how the company employs its delivery drivers as independent contractors, not entitled to benefits all the minimum wage. some investors say that is putting them off. , . , investors say that is putting them off. , , off. the livery has contract is rather than _ off. the livery has contract is rather than employees - off. the livery has contract is rather than employees and i off. the livery has contract is | rather than employees and as off. the livery has contract is - rather than employees and as with the gruber ruling, there is a significant chance that in due course, people who bicycle for deliveroo as contractors will be given the rights of employees and that will impact the long—term profitability of deliveroo —— uber. so pressure on the company about this employment model is mounting as

people are buying the money-centered bank, but the london exchange, exchanges stocks are more interesting. largely because i feel like there's consolidation, the companies have mote, they're building these businesses to depend more on analytics, good dividend, good cash flow those are good spots for people to pick apart, as they're trying to decide what to do if these volatile markets i think that's what you'll see play out >> ron, let me close with you. i'm tempted to ask you about the etf we talked about on this show yesterday, the buzz etf, but i know your answer there is what it is, and you're not fond of it, but let me turn to energy, which is making a big, big move here is this a reopening trade? why is energy doing what it's do doing. >> it's both the reopening -- if you assume that leisure in particular is going to come back by car, by masses transit. obviously that will absorb some increased amounts of fuel, and it's a recovery trade insofar as opecs or opecs-plus has not yet decided to start to increase production to bring down, you know, $65, $66 a barrel price. it's a bit of b

the company are launching on the london stock exchange this week.the economy, and of workers' rights. and those are things that affect us all. if you think about it, we are 12 and a half days away from pubs and restaurants reopening so at that point, instead of being its £30 per week spending on takeaways, we will probably go out and spend a bit more, so will these business models still have the same appeal in a few weeks? ., . ., , ., still have the same appeal in a few weeks? ., . ., ,, ., ,., weeks? how excited are you about this? i can't _ weeks? how excited are you about this? i can't wait, _ weeks? how excited are you about this? i can't wait, it's _ weeks? how excited are you about this? i can't wait, it's -- _ weeks? how excited are you about this? i can't wait, it's -- i'm - weeks? how excited are you about this? i can't wait, it's -- i'm a - this? i can't wait, it's -- i'm a big advocate _ this? i can't wait, it's -- i'm a big advocate of— this? i can't wait, it's -- i'm a big advocate of pubs, - this? i can't wait, it's -- i'm a big advoc

will find out what's behind to be dealt with used to interrupt also coming up our stock exchange takes a bite out of london's business often breaks it but you're an x. now has its sights on the rivals. it's an industry that's never let hell soirees stuff that. cuber cigar made a celebrated a strong year as smokers keep pumping away despite the condom. alone would have to do business on want to go jones and fox is now germany's most valuable company well that's off to a huge rally in the automakers shares this week after it laid out aggressive plans for electric vehicles the 20 percent stock surge propelled market value to the top of the german dax index the automaker unseated software firm s a p and other giants to become the most highly valued company in the blue chip dax how did that happen well the w. said it plans to dominate the electric vehicle market by 2025 it will spend big to the tune of 46000000000 euros to build out its fleet of electric cars that is to make them cheaper fox wagon will start making its own batteries and 6 new european factories battery costs could fall by half and make sure they

let's talk about another company that wants to list on the j company that wants to list on the london stock exchangeanaging board are saying is their mantra is 21 meals a week— saying is their mantra is 21 meals a week roughly, online currently delivers — week roughly, online currently delivers one of those 21 so they look _ delivers one of those 21 so they look for— delivers one of those 21 so they look for that number to increase. the question is, how does their market— the question is, how does their market share work out against the competitors? there are meal kits companies — competitors? there are meal kits companies delivering and growing very quickly so there is a big market— very quickly so there is a big market share fight. on face value, that £9_ market share fight. on face value, that £9 billion valuation is a big stretch — that £9 billion valuation is a big stretch. the more nervous investors nay not~ _ stretch. the more nervous investors na not. , , :, stretch. the more nervous investors na not. , :, nay not. very quickly, where do you think they will _ nay not. very quickly, where do

a stock exchange takes a bite out of london's business after a break and you're an expert now has its sights set on other right. to. walk up to details of your business on what he could jones and berlin very good to have you with us and we're starting with an unexpected resignation the billionaire founder of high flying chinese e-commerce firm pinboard or haas stepped down the move comes as a surprise that the company shares to plummet khaled said he was leaving to pursue research in food and life science his departure comes as the company's annual use of basis of past is that of rival ali baba. work culture has also been criticised following the death of 2 employees. and that's what i'd like to talk about now with cliff a coup now and. very old china expert who joins me in the studio not everybody is familiar with the in china very popular. compass. what do we need to know about it well it's a giant e-commerce company in some ways very similar to what differentiates it is that it takes a lot of group borders so people get discounts for group orders and it's also very focused on live

and amsterdam stock exchange takes a bite out of london's business after brags that euro next now has its sights set on other rivals. lou welcome to the show i'm sitting beardsley in berlin it's good to have you with us google has announced plans to invest $7000000000.00 on new offices and data centers across the u.s. saying it wants to be part of the nation's economic recovery c.e.o.'s and darpa chive made the announcement in a blog post it's the latest signal that tech firms like more traditional corporations ciro working as a necessity of the pandemic and not a long term strategy google now expects employees will return to offices in the fall but has said they'll still be allowed to work 2 days a week at home. and here's what c.e.o. p. chaya had to say about the importance of being at the office coming together in person to collaborate and build community is core to google's culture he said and it will be an important part of our future. and let's go over to our financial correspondent. in new york and korda for more yes that seems like a pretty clear signal there from google's bos

and amsterdam stock exchange takes a bite out of london's business after a break that euro next now has its sights set on other rivals. lower welcome to the show i'm seeing beardsley in berlin it's good to have you with us google has announced plans to invest $7000000000.00 on new offices and data centers across the u.s. saying it wants to be part of the nation's economic recovery c.e.o. sundar pichai made the announcement in a blog post it's the latest signal that tech firms like more traditional corporations see what working as a necessity of the pandemic and not a long term strategy google now expects employees will return to offices in the fall but has said they'll still be allowed to work 2 days a week at home. and here's what c.e.o. p. chai had to say about the importance of being at the office coming together in person to collaborate and build community is core to google's culture he said and it will be an important part of our future and let's go over to our financial correspondent in yes in new york and korea for more yes that seems like a pretty clear signal there from google'

and answer them stock exchange takes a bite out of london's business after brags that the euro next now has its sights set for other rivals. who are welcome to the show i'm seeing visit in berlin we'll get to those stories shortly but we begin in brussels where european medical regulators have just announced their. new backing for astra zeneca coronavirus vaccine european medicines agency director m.r. cook called the safe and effective vaccine yes was that a vaccine has come under scrutiny after some patients received it later suffered blood clots prompting european governments to suspend its use the e m a said thursday there was no evidence linking the vaccine to a higher risk of clots. or countries across the globe are racing to get their hands on those drone of vaccines including astra zeneca but a new study by the world bank suggests few are creating public campaigns around vaccination the study released thursday shows that while 85 percent of nations surveyed have focused on delivery chains for the job just over a quarter have created strategies to encourage vaccination in the pub

stock market ahead of today's budget. wide-ranging reforms on london's exchanges. joining us now is dani burger.new, and innovation? claire: it's not it -- dani: london catching up with all the other european and american exchanges. the idea here is that you don't require companies to suspend their shares when they acquire new ones which is the current rule on the u.k. exchanges. it's not great if you are a spac. that's the whole purpose of what you want to do. it would allow them to come in to london. it goes further than that. it gives founders of companies more control over when they list. you don't have to float as much as previously. you only have to sell about 15% of your company before it was when he 5%. it's also allowing for dual shares to give founders more voting rights. this is relaxing some of the governance rules to make listing in london more attractive. annmarie: one interesting point we spoke about before the show. what does this mean for the imports being placed on esg? dani: there are a lot of investment associations who don't like this proposal exactly because of that. govern