from balboa high school, audrey sue, from philip burton high school, patricia fong, from galileo highl, aidan you, right here. [applause] >> sherman wang and kathleen sue from john o'connell high school, victor louis, from lincoln high school, danielle lay, brian liang, eva wong, and cindy lee. from lowell high school, victoria lamb, danton lee, joshua park, medicine wong, michelle one, and kevin chang. from mission high school, san jiao. from ruth school of the arts, sin delay. from san francisco international high school, we have both of the scholarship recipients. [applause] >> last but not least, from marshall high school, i.v. lou, jin lou, and john wang. please give the students your round of applause for their achievements. [applause] thank you. >> thank you. do the students want to say a word? >> did you want to? >> all right. >> go ahead, enjoy. [laughter] >> hi, my name is aidan. i am a senior galileo high school. this year i will be attending cal poly school, studying earth space engineering. [applause] >> hi, my name is lucy, i am a senior at in san francisco international

it's a crucial week for sir philip green's arcadia retail group, which includes topshop, burton, wallis. he wants to shut up to 50 stres and negotiate lower rents on others. —— stores. if landlords — who own the store buildings — and the pensions regulator do not back the plans, the high street giant could go into administration. kier shares have tumbled by a massive a0%, after warning that profits will not meet expectations this year. the construction and services group said underlying profit would be around £25 million below previous expectation. it blamed higher costs and problems at units in the road, utilities and housing maintenance businesses. last year, kier launched a reorganisation aimed at cutting costs and selling none—essential businesses. retail giant marks & spencer is perilously close to being booted out of the ftse100 this week, for the first time since the index was launched in 1984. its shares have tumbled by nearly a fifth over the past six months, as sales and profits have come under pressure. but it is likely to be saved from an embarrassing demotion from britain's

sir philip green's retail group, arcadia, is holding a crucial meeting with its creditors as it tries to avoid administration. the company, which owns topshop, burtony 200 others. last night, sir philip agreed to put an extra £25 million into the group's pension fund. our business correspondent ever since and is at the meeting in central london. —— emma simpson. how likely is a deal to be approved?” think there is a real element of uncertainty in this, lots of retailers have done restructuring deals and they have passed, but this one is the most complex and contentious so far. last night sir philip green got the backing of the pension regulator, absolutely crucial. today it is down to the landlords and they will have to accept swingeing rent cuts. obviously not happy but in the end it comes down to individual commercial interests. some rent might be better than none. we will know the outcome later today. a lot riding on it. arcadia says if the deal does not go through, it is likely to face administration. thank you very much, emma simpson. women born in the 19505 have taken the government to the high court over the way their pension ages were incre

there was a reprieve for sir philip green's retail empire which includes topshop, burton and dorothy has more. there was a lot of talk about him putting his own money in. and he has had to do that to a certain extent because the pension fund is in a deficit. but let's discuss the stores first. arcadia group is owned by sir philip green and brands such as top shop and many others, under that umbrella. it has fallen, sales have fallen 2%. it is the usual story, competition from online and the changing way of shopping on high street. he said he needed to negotiate with his landlords and reduce the rent he pays on some of them and you want to close some. but to do that he needed the agreement of shareholders and also the landlord themselves. those landlords we re landlord themselves. those landlords were reluctant to do so because, bearin were reluctant to do so because, bear in mind they need that rent money from the likes of sir philip green to keep their business afloat. nonetheless, of course, what they came up with yesterday was a final agreement. and what happened was that they fin

sir philip wants to cut the rent that arcadia pays on its stores including topshop, burton, and dorothytomorrow, the retail giant could go into adminstration. intu and arcadia refused to comment. energy bills could go up by a few pounds a year to pay for a new nuclear power station at sizewell in suffolk. that is if a new financing plan being considered by ministers goes ahead after a consultation. backers of the plan say it would help bring the cost of nuclear power closer to current market rates — rather than the higher rate the government agreed to pay for power from another new plant at hinkley point in somerset. nearly 200 business leaders have signed an open letter arguing us moves to restrict abortion are "bad for business". the campaign comes as several us states have passed or are considering stricter new abortion laws. the letter published in the new york times said curbs on abortion threaten the health of staff and customers. the chief executives of slack, square, zoom, and bloomberg were among those who signed the letter. the ftse 100 extended gains as signs of more governme

sir philip green's retail group, arcadia, has been holding a crucial meeting with its creditors, to try to avoid going into administration. the company — which owns topshop, burtonini david. so the meeting has been adjourned. that is not good news for the 18,000 or so that is not good news for the 18,000 or so workers who are going to have a horrible weekend thinking about this? a horrible time for them. we shouldn't forget the suppliers that supply the chains, those supplies have thousands more jobs as well. this meeting has been adjourned until next week because sir philip has been busy on the phone ringing the landlord saying please can you agree to the new terms. some said yes but we understand that some of the major ones are still holding out. so they are saying and the company says it believes it has a decent chance of getting an agreement in a week's time. that is why they are postponing this decision. we have seen this all before with house of fraser and debenhams going to their landlord saying they want to renegotiate rents. these things called cvas. given the way the high street is looking at the moment we are seeing a different situation here. some la

sir philip green has thanked landlords and suppliers who backed the deal that saved his retail empire. the rescue plan for the arcadia group which includes brands like topshop, burtonsterday. it will involve closing 48 stores, with the loss of 1,000 jobs, and cutting the rent on around 200 others. sir philip green told the bbc he'd been slow to react to a changing high street, but now it was time to look to the future. many more landlords clearly voted yes than no, right? 0ne landlord wants to make a lot of noise, that's his choice, that's not my choice but as far as i'm concerned tonight, tonight is about a celebration for our workforce, our supply chain and yes, the market's changed, now we've got to get to work, grasp this new marketplace and get on with the job. there will be more from sir philip green in the morning briefing. thousands of critically—endangered snails have been released into the wild after being rescued from the edge of extinction. the greater bermuda land snail, has had a remarkable turn around in fortunes, as helen briggs reports. meet the greater bermuda land snail. believed to have become extinct decades ago. a few hardy snails were discove

sir philip green has thanked landlords and suppliers who backed the deal that saved his retail empire. the rescue plan for the arcadia group which includes topshop and burtonss of thousands ofjobs, but cutting the rent on around 200 others. now we join politics lie for special coverage of the results of the first ballot in the conservative leadership contest. . the next leader of the party and the next prime minister of the united kingdom. we will bring you the results. it is thursday, 1215, we live in westminster. borisjohnson boris johnson supported james heb, michael gove supporter rachel maclean, the presenter of the

it's a crucial week for sir philip green's arcadia retail group — which includes topshop, burton, wallisrs. if landlords — who own the store buildings — and the pensions regulator do not back the plans, the high street giant could go into administration. more trouble for boeing. the us federal aviation administration says that more than 300 737 max and ng jets may contain improperly manufactured parts that need replacing. all 737 max jets were grounded after two of the aircraft suffered fatal crashes in the space of five months. business and trade are neverfarfrom the mind of president trump. ben, what can we expect to emerge from this visit on those topics? it is hugely important in terms of brexit. yes, it's no secret that there are hopes of — well, an ambitious trade agreement between britain and america after brexit. the prime minister's spokesman said he expected the issue of a free trade agreement to come up in the talks between the president and mrs may. one potential thorny issue is around access to the uk health care sector. some senior government ministers have said "the nhs wi

this time it's the arcadia group, which includes brands like topshop, burton, dorothy perkins, miss selfridge, run by sir philip case competition from fast—growing online specialists such as boohoo and asos, as well as cheaper rival primark. so what are the solutions? i mean, if you knew that... so what are the solutions? i mean, if you knew that. .. if i knew that, i probably wouldn't be doing this! again, like other retailers, it wants to cut costs. those high—street stores are expensive and fewer people are going on and spending money. that means closing around 50 stores and renegotiating rents on around 200, under what is known as a cva, or company voluntary arrangement. so whatever happens, it is likely to meana so whatever happens, it is likely to mean a big change in the high street. without it, it says it could go into administration. it would be a huge loss given the number of stores and the brands that are included. it needs 75% of its creditors, including its landlords, to vote on the plan at a meeting tomorrow. they have been reluctant so far because they would earn less in rent, but the alternative

sir philip green's retail group, arcadia, is holding a crucial meeting with its creditors as it tries to avoid administration. the company, which owns topshop, burton go in his favour this meeting. briefly explain to us what that means and what it enables him to do. a cba is generally proposed by a company and difficulties to avoid some more formal procedures, such as administration. he needs a 75% of vote in favour in order for that to pass. 0nce vote in favour in order for that to pass. once that vote has been taking thenit pass. once that vote has been taking then it will bind 100% of the creditors, so it is quite an attractive option. there had been lots of hurdles for him to get to this point, hasn't there? yes, it has been a bit of a roller—coaster. looking at whether they will or will not get to the 75% majority. 0n tuesday night they had a boost when the pensions grip said they would support them. some have said they would vote for them and one in particular has said that they are not minded to vote in favour. what happens if he loses this vote?“ not minded to vote in favour. what happens if he loses this vote? if he loses this boat and doe

burton, dorothy perkins, miss selfridge. over 500 shops in the uk and ireland. it's run by this husband and wife. sir philip to keep up with changing habits of shoppers and online rivals. the plan today is to cut costs. that means closing around 50 stores and renegotiating rents on another 200. part of a sorting out of finances through a controversial called a company voluntary arrangement or cva. all eyes are on whether landlords will approve the deal. to sweeten as part of negotiations the green family has offered to put in extra money to reduce the rent cuts. but landlords don't have an easy choice. landlords have got two choices with arcadia. they either accept the cva which means reduced rain and store closure but the likelihood of that facing value in the future is likely. 0therwise facing value in the future is likely. otherwise they would have empty likely. otherwise they would have e m pty stores likely. otherwise they would have empty stores but they may be able to fill those with more robust retailers. now arcadia has warned that if the plan isn't approved it's "highly likely" it will go into adm