there's also this potential delisting from the london stock exchange. alistically, that's not going to go down well. >> it's probably all tied together. if you look at the recent stock price performance, year to date the stocks were actually down by more than 30% before we got that really good set of numbers, and on the longer term, the stocks are down by 80%. so bottom line is that the strategy of having a dual listing which costs loads more money, i think the rationale behind the listing was to open up to the investor space. it really didn't work out. what tui is doing now is reconcentrating on where the investors are sitting and potentially sitting, and the index would probably mean they have an even larger investment. that could be very positive for the stock. of course, the stock had a bad time over the last year because of covid, but now tui seems to be back. revenues are higher than in the precovid year, 2019, which is quite interesting. if you look at the number, it's mainly also down on pricing power. people did spend a lot of money on travel th

technical issues at the london stock exchange have caused delays in trading with a couple of companiesof some shares on the london stock exchange today. investors were temporarily unable to buy or sell shares in smaller companies including deliveroo and asos but companies on the major ftse 100 and 250 indices were unaffected. let's speak now to our north america business correspondent erin delmore. is the vote in hollywood likely to pass? is the vote in hollywood likely to -ass? . ~ is the vote in hollywood likely to ass? ., ~' ,., is the vote in hollywood likely to ass? ., ~ i. ., is the vote in hollywood likely to ass? ., ~ ., ., ., pass? thank you for dealing with our tech issues! — pass? thank you for dealing with our tech issues! we _ pass? thank you for dealing with our tech issues! we do _ pass? thank you for dealing with our tech issues! we do have _ pass? thank you for dealing with our tech issues! we do have some - tech issues! we do have some indications over the vote and remember this is the longer striking history spanning more than a hundred days, and it looks like we wou

scandals this year which saw a number of high profile organisations leave the group. on the london stock exchangeed the trading of some shares on the london stock exchange today. investors were temporarily unable to buy or sell shares in smaller companies including deliveroo and asos but companies on the major ftse100 and 250 indices were unaffected. after initially saying the problem had been fixed, the lse suffered the same problem all over again. we've been told that it's fixed again. there have been two other glitches on the lse in recent months. around the world and across the uk. this is bbc news. this is the latest tactic in the fight against crime. these officers are already advanced motorcyclists. now they've had extra training to prepare them for all off road conditions. much lighter than our road bikes. it's a smaller engine. it's more manoeuvrable off road as well. tyres are knobbly tyres, a lot more grippy off road. give a lot more traction on grass and gravel off. 0ffroad bikes are already used by some forces but this is a first for the thames valley. it'll give officers the ability

this was the london stock exchange. the third technical fault in three months. an outage that impacted certain tech names that we know. asos trading. they had outages throughout the day. it's not looking good for the london stock exchange parent company. ed: one story that a lot of people are talking about online is grand theft auto six coming in 2025. we will get details from our reporter in a second. there is excitement but disappointment in shares of take-two interactive, the parent company of rockstar, the studio making grand theft auto vi. sales are lower and of the sale side is saying 2025? why so far away? why not sooner? remember, the trailer leaked and take-two had to put out the version earlier than expected. this is massive. the previous generation of grand theft auto, grand theft auto five, has sold tens of millions of copies around the world. let's get details and bring in our videogame reporter. give our audience on bloomberg technology the what they need to know about grand theft auto six. >> grand theft auto six is one of the most anticipated vide

in other news: a technical glitch has affected the trading of some shares on the london stock exchangerarily unable to buy or sell shares in companies including deliveroo and asos but companies on the major ftse 100 and 250 indices were unaffected. the lse says it's now been fixed. it's the third such glitch in recent months. here in the uk, thames water has said that reviving the business will "take time" as it struggles to improve services while coping with billions in debt. the comments came as thames said profits for the first half of its financial year had halved to £246 million. worries persist about how the uk's largest water company will deal with the debts which rose from 7% to £14] the debts which rose from 7% to em] billion. the white house is challenging a deal that allows purdue pharma settle lawsuits against it for six— billion dollars. the company has been criticised for how it sold strong painkillers, fuelling an addiction crisis in the us. families who lost loved ones say the deal allows the sackler family, which owns purdue, to be partially protected. the case is bein

staying in the uk now where a bad year for the london stock exchange — in terms of public offerings —. that's according to the boss of the leading us tech exchange, the nasdaq, who says the trend for uk companies going to new york will grow. that's as the lse could be on course to fail to hit the $1 billion mark for companies floating on it this year — for the first time since 1995. anna macdonald is senior equity analyst at sustineri global investment. thanks for being with us today. why is this happening?— is this happening? well, there has been a pretty _ is this happening? well, there has been a pretty relentless _ is this happening? well, there has been a pretty relentless selling . been a pretty relentless selling down of uk equities by some of the major institutions that normally hold uk equities, so without funds and pension funds they used to earn as much as 46% of the uk market not owning about 4%. additionally, the economic news and things like that and some of the post—brexit followed his lead to the uk being seen as a less attractive place to invest. 50 less attractive pl

are changing the rules for prospectuses and for all sorts of rules around ipo's to make a london stock exchangeetitive. it will unlock a lot of capital into growth businesses from pension funds. we are really motoring in the u.k. we are hungry to attract business around the world. this deal was switzerland is just another step in that direction. lisa: how much are you looking to some of the revenues to be able to enact tax cuts? you were talking about tax cuts coming down the pipe. where are you planning to have those tax cuts? willoughby with the savings or other areas? mr. hunt: rishi sunak and i said we would like to cut the tax burden more if we are able to do so. we will not be in a position to do that until much closer to the spring budget. we have announced the date for that -- we have not announced today for that yet. we will not find out the latest from the office of budget response ability to know what we are in a position to do that for some time. we would like to bring down the tax burden in a way that is responsible if we are able to do so. right now our priorities to bring down in

changing the rules for prospectuses and for all sorts of the rules around ipo's to make the london stock exchangecompetitive. we mention house reforms which will unlock a lot of capital into growth businesses from pension funds so we are really motoring in the u.k. and hungry to attract business around the world. this deal with switzerland is another step in that direction. lisa: how much are you looking to these revenues to be able to enact tax cuts. you were talking about additional tax cuts coming down the pike. are you planning that and where are you planning to have those tax cuts? will it be what the savings or property areas? >> rishi sunak and i have said we would like to cut the tax burden more if we are able to do so. but we won't be in a position to do that until much closer to the spring budget. we haven't announced 88 for that yet. but we won't find out the latest forecasts from the office of budget responsibility to know whether we are in a position to do that for some time. we would like to bring down the tax burden in a way that is responsible if we are able to do so. but right no

we are changing the rules around ipo's to make the london stock exchange more competitive.have the house reforms which will unload a lot of capital into growth businesses, from pension funds. we are really motoring in the u.k. we are hungry to attract business all around the world. this deal was switzerland is just another step in that direction. >> how much are you looking to some of these revenues to be able to enact tax cuts? you were looking at additional tax cuts coming down the pike. are you still planning that? and specifically, where are you planning to have those tax cuts? >> rishi sunak and i have said we would like to cut the tax burden, more if we are able to do so. but we will not be in a position to do that until much closer to the spring budget. we have announced -- we have not announced a date for that yet. but we need to find out from the budget of -- from the office of budget responsibility to do that. but right now, our priority is to bring down inflation. kriti: the u.k. chancellor jeremy hunt speaking with lisa abramowicz yesterday on a crucial turn in

we are changing the rules around ipo's to make the london stock exchange more competitive.eforms that will lead to more capital growth businesses for pension funds. we are hungry to attract business around the world in the u.k. and the deal with switzerland is another step in that direction. >> how much are you looking to some of these revenues to be able to enact tax moves? where are you planning to have those tax cuts? with savings, property or other areas? >> we have said we would like to cut the tax burden, more if we are able to do so. we will not be in a position to do that until much closer to the spring budget. we have not yet announced a date for that. we won't find out the latest forecasts from the office of budget responsibility to know if we are in a position to do that for some time. we would like to bring down the tax burden in a way that is responsible if we are able to do so. but right now our priority is to bring down inflation. we had good news yesterday. 3.9% inflation reading market expectations buys some way. that is because we have shown discipline in

the london stock exchange group. couple of quarters. what's the outlook from where you stand? >> looking at the fourth quarter numbers, we are 28% ahead of where we were in the third quarter of 2023 with over $880 billion in transactions announced. we are seeing a little bit of an uptick. although we are at a 10 year low and the first time we are seeing m&a below $3 billion since 2013. some of those green shutes was over the summer and into the fall have certainly come through. we saw large oil and gas transactions in october and the bios like a flurry on bio -- and a flurry on biotech. there is a still a lot of question as to where buyers and sellers come to agree on price. whether a buyer is looking to pay a certain amount and how they can get the transaction done. whether it be with the debt market or stocks. a lot of conversations are happening in the advisors are busy with corporate mapping out strategies for what 2024 will look like. there is a lot of uncertainty as to what the year will look like. vonnie: on t

a boss at a leading us stock exchange says she expects more uk companies to delist their shares in londonad of listings at nasdaq, helped lure cambridge—based chip designer arm holdings to float on that exchange and told the bbc that other uk tech firms will follow. other companies, such as the travel company tui have said they're considering leaving london. let's have a look at the markets before close—outs. you can see the ftse is up by 3.6%. we're also seeing some numbers coming out of the euro zone and the us this week and that'll be a focal point investors as we get the week. that is its for me. —— as we get through the week. stay in touch with me and the @bbcbusiness team and me on social media. i'm @tadthnright. until our next update, goodbye. for 70% of the world's population, this is not living the laundry looks like, women and children spending hours each week scrubbing by hand. and this is the solution. a flatpack manual washing machine being built in corby. british engineer now was inspired by a visit to the southern india. �* ., , inspired by a visit to the southern india. 1,

exchange." i'm kelly evans. noted short seller carson block revealed his latest short position in london today. the name, blackstone mortgage trust. the shares are down about 4% right now. but the stockit's now turned negative. and block is warning shareholders, here comes the cliff. carson block himself joins us now, fresh off the stage in a cnbc exclusive to make his case. carson, thanks for joining us, and welcome.

exchange." i'm kelly evans. noted short seller carson block revealed his latest short position in london today. the name, blackstone mortgage trust. the shares are down about 4% right now. but the stock a 3% gain for the year before the news hit. it's now turned negative. and block is warning shareholders, here comes the cliff. carson block himself joins us now, fresh off the stage in a cnbc exclusive to make his case. carson, thanks for joining us, and welcome. >> thanks for having me. >> let me just start with the fact that a lot of people will hear the name blackstone and maybe reminded of some problems with b-reit a year ago. explain a little bit about your short against blackstone mortgage and any similarities or differences that it may have to that experience, you know, that maybe first told us there could be brewing problems with the real estate sector. >> sure. well, blackstone mortgage trust is separate from the b-reit. but basically, blackstone mortgage trust lend money to commercial real estate owners and developers. so some portion, reasonably significant portion of blackstone's book is office. but there are other areas of the book, as well. now, it's pretty well known th