kaylee, we are going to get ocado numbers.ell you anything about what is happening with the grocery story situation in the u.k.? maybe. the real heat around this story the last few weeks has been potentially, ocado could be a take out and amazon could be looking to buy it. that has gone quiet recently. i am interested to see what is talked about on this earnings call tomorrow. kailey: likewise. we are joined by james metzger, a davie analyst and has a new reading on the stock with a target of 400. what do you expect to hear in terms of a potential takeover tomorrow? >> they are staying quiet about it. there are tech rules that say if the share price went below 5%, there are rumors of a takeover. the fact no other site has suggested know -- has been made, it has been years since we mentioned taking over ocado. nothing has happened yet. i would not say never say never, but it is all right now. guy: if that is not going to drive the stock, what are you looking for tomorrow? james: there has been a lot of shock covered since that

ocado has backed the full full-g full-guidance.he british group flagged a strong business, but a pre-tax business had a loss of 289.5 million pounds speaking of the uk grocery sector, grocery inflation continued to decline into the fourth month in july at 14.9% in the uk that is the steepest fall since march peak no doubt, a concern for many consumers. low cost store aldi seeing sales up 24% in the period compared to tesco's 22%. this is ahead of tomorrow's cpi inflation numbers. switching back to casino again, daniel kretinsky is closer to the bid to takeover after the $1.2 billion injection he is the sole bidder after 3f holding dropped its offer after the weekend. lots going on here charlotte is here at the desk with me. we were talking about the developments yesterday i guess the question for investors is how much potential upside to the can sino stock do this new bidder present? will this change the fortunes of casino with kretinsky? >> we see very cautious movement this morning it is a wait-and-see offer with kretinsky to tak

so, ocado is a great _ externalfinance in. so, ocado is a great case — externalfinance in.te company— great case in point will be set up a private company to _ great case in point will be set up a private company to expand - great case in point will be set up a private company to expand into i private company to expand into waitrose — private company to expand into waitrose we _ private company to expand into waitrose. we talked _ private company to expand into waitrose. we talked a - private company to expand into waitrose. we talked a bit - private company to expand intoj waitrose. we talked a bit about private company to expand into - waitrose. we talked a bit about the housing _ waitrose. we talked a bit about the housing crisis. _ waitrose. we talked a bit about the housing crisis, john _ waitrose. we talked a bit about the housing crisis, john lewis— waitrose. we talked a bit about the housing crisis, john lewis is- housing crisis, john lewis is trying to do— housing crisis, john lewis is trying to do our— housing crisis, john lewis is trying to do our part _ housing

ocado downgraded earlier.e getting volatility at a macro top-down and single stop bottom-up level. what will we see friday? in terms of the data, german industrial production watch out for that. zelenskyy meeting erdogan tomorrow. i am genuinely anticipating interesting things to come out. shell sales and revenue. i'm not sure this graphic is the right one because it's not in paris. we will go with the eiffel tower because people recognize that. anyway the south of france is going to be the venue tomorrow. it's a nice place to hang out. christine lagarde will be there tomorrow. alix: these guys go to a lot of nice places for conferences. that sets us up to our question of the day, is the fed going to 6% and the boe 7%? can the ecb stick it forward? our guest is a financial economist. do we see the fed at 6%? can the ecb stay at 4%? guest: it's possible. given how sticky core inflation has been. i wouldn't be surprised if that happened and if that happened come at the ecb will have to push rates higher. it's un

we will get ocado in just under an hour's time. u.s.thing brand ralph lauren says the average price of products is up 80% and 2018. the ceo patrice louvet told us exclusively about what the company is doing to ensure the consumer sees the value in their offer. >> i think it's back to what this company stood for historically. already at the time, this phenomenon has been coming of bifurcation of brands that have pricing power. consumers see the value and therefore you have the ability to increase your average retail. other consumers are focused on selling product, not engaging the consumer the same way, much more promotional. to go back to our roots is where we want to take the company. our average unit retail is close to 80% now since we started this journey. short answer, i don't think there is a limit, as long as we do a good job elevating the product, the storytelling, the environment. making sure the consumer sees the value. our valley perception is the highest since we have been tracking it. but the onus is on us to make sure we ar

it was settled in ocado's favor, the norwegian grocery store will be sitting for 200 pounds payable,ing some 14%. s-4 capital is digital marketing agency founded by sorrell, who is known for wpp, released earnings that jeffries called disappointing. the cut guidance, citing we heard trends for advertisers, especially big giants cutting advertising, shares falling 21%. these shares are down 90% for the high. a lot of earnings to digest and we have more ahead, this is the busiest week for stoxx 600 earnings. we will get luxury names, the some glassmaker mix basically every pair of sunglasses that exist. how will china play into that? we get you the labor before the bell. -- we get unilever before the bell. we end the day post market with another luxury goods name, which has had a meteoric rise over china's success. kennett hang onto that? there have been wobbles in the equity share price as of late. kailey: let's get more on that now. european luxury names are reporting this week. erwan rambourg is joining us now, he has a price target of 1025 euro. thank you for being with us, what ar

the boss of online food retailer ocado says the uk is "definitely over the worst" of food price inflationth month injune. you're live with bbc news. now on thursday voters go to the polls in three constituencies across england in a series of by—elections which will provide a major test of prime minister, rishi suna k�*s authority. the conservatives won all three seats at the last election, but the prime minister faces the possibility of not winning any of them. yesterday we were in selby and ainsty in north yorkshire, in northern england, and tomorrow we're in uxbridge in west london. but today we're in the west country seat of somerton and frome in somerset. the by—election was triggered by the resignation of david warburton who had won the seat three times for the conservatives. he stood down following an investigation by parliamentary authorities into claims of sexual harassment. live now to frome, and my colleague lewis vaughanjones. thank you. yes, we are in one of the main shopping hubs in frome and this is a big test for the conservative party in the coming by—election. we will get

some of the laggards include ocado.ight at the bottom of the ftse 100 as well as under performance in the likes of glen core. basic resources names and commodities names with links to china. something to watch out for in the ftse this week as the uk cpi numbers released as well that will determine where the bank of england is headed next and ramifications of interest rates and interest rate sensitive sectors. >>> this is the picture across markets today with the foreign exchange the dollar weakness continues. the dollar saw the worst week in over a year. the u.s. dollar was one of the major pullbacks. we see the weakness over the euro we're about .80% weaker. 112. euro continues to move higher. we were in the very tight range and now we pushed through that now. the pound is at 130. i remember talking about very closely with the number breaking through parity at the end of the year last year what a ride. up 130 is the pound versus the u.s. dollar. the dollar is trading firmer and .40% higher with the chinese gdp data on

ocado, a positive or stop -- response to the earnings we have seen.es will continue to develop from here. it is almost as a fundamentals have been taking over. this is a stub driven recently by speculation that there could be takeover talk by amazon. the numbers this week justify what we have seen. then you come to electrolux which has been down hard this week. there is a macro signal potentially in here. with what is happening with costs and still and consumers and what the market looks like. this stock has been deemed pretty hard this week -- been dinged pretty hard this week, down by 17%. next week is a huge week on the earnings and macro front. we have politics as well. we have the spanish snapped election which we will see sunday. we will also get huge number of earnings and flash pmi data on monday, plus ryanair earnings. the airlines drain will be interesting this week. what does it tell us about the consumers? tuesday, lvmh and unilever. wednesday, the banking stray with deutsche bank, unicredit, and big banks out of europe. is the story going

now expects revenue growth between 2 and 4% down from 6% quite a stark reaction there and finally ocadory strong reaction to the green, to the up side it's doing quite well today. the company and store has settled a three-year international property dispute with a norwegian rival agreeing to pay them 200 million pounds and switching over to travel news some of the evacuations taking place in greece. we've had earnings out of the likes of ryan air as the company reported 663 million euros in profit in june average fares jumped 42% year on year but the irish airlines lowered the 2023 growth because of expected delays from boeing the ceo, michael o'leary, said the carrier may have to cut prices to boost demand it is those comments that have driven the sector today. there is a bit of an outlook coming through for ryan air this morning. >>> switching over to fx and we are seeing a reaction to the weaker flash pmis that came through. the pound is right behind me dipping down about a quarter of a percent. 1.2820 add to 1.30. ever since that cpi number, it has started to drop. the euro is losin