shares of diageo and remy cointreau are down after both companies were hit by weaker demand in asia. xpects full-year earnings to slide. a new report shows that the average airfare at heathrow airport may jump by more than 200 pounds by 2030 if it continues to operate with just two runways. passengers traveling through europe's biggest hub page 95 pounds on average more for return fares than they would if the airport had a third landing strip. coming up, it is not easter without eating your fill of cadbury creme eggs. thes a massive business for british chocolate maker and it takes years of planning to get one holiday weekend right. details ahead. ♪ >> it isn't easter unless there is a creme egg involved. we took a look at cadbury. >> it is a very important time for us. we need to get easter right. we are making about 47 million easter eggs. the whole year we have about 30% of the top market. at easter time we have about 50%. the bestseller for us is the cadbury creme egg. we make about one million of those. egg is a solid milk chocolate and inside that, you -- to replicate what an eg

the backdrop is really crippling remy cointreau. to give you an example, in china, authorities have clamped 2400 hostess or karaoke bars, places of booze, pleasure and entertainment. that could challenge remy. other side, fx volatility is going to be a huge issue for them. you are seeing flat activity. vodka is not doing very well for them. in china we had some pressure. asia pacific off by over nine percent. >> what about the emerging-market currencies? what the ceo has been telling us. think about the political instability in thailand. one or two of the reports that i have been reading say maybe we need to start looking through some of those fx volatility is and perhaps there might be a little bit of light at the end of that tunnel. about dealmaking? >> i think this is going to be the critical issue. we talked to the comp are a ceo yesterday. he said it is very disparate. aftere seen diageo go united spirits. this could be the busiest year for dealmaking in the booth space since 2008. net deal between united and diageo, to give yo

. >> remy cointreau is being discussed as a target. ems to be driving this is remy has has a bit of a stumble. cognac, itke fancy is quite a big deal. remy has had a bit of a wobble. what is being speculated about is that brown-forman are going to try to take advantage of that. there is a controlling family who will have a lot to say. >> we will watch out for vivendi and remy cointreau today. thank you so much, matt campbell. >> coming up, we will head back to the shores of lake,. you will hear from the chairman of j.p. morgan chase. we will be back soon. ♪ >> all day we have been live on the shores of lake como. we have been talking to some of the biggest pains in economics. we heard from a former member of the executive board of the ecb. this is what he had to say about what that central-bank should do next. inflation. inflation is really negative. we are not seeing that and probably we won't see that. goodow inflation is not because the leveraging process is more complicated. combatd to come back -- low inflation. price stability is

earlier this month, run record trial said earnings -- remi cointreau said earnings fell. mohammed al area says -- he explained why he left. >> when your daughter comes to you as my daughter did almost a year ago with a list of 22 things that you have missed as a parent, you realize there are the special moments in your children's lives. i was missing too many of these special moments. it is that simple. >> that is a pretty touching thing to say. in centralday london, an event that has become quite a media spectacle. cranny is outside the royal festival hall in london where the event is taking place. what can we expect today? the ceo will be under pressure. >> he is definitely going to be under pressure, anthony jenkins. bringing down cost, getting hold of investment banking. one of the guests i will have barclays thatthat minimizes everything that is wrong about the bonus culture in britain. that is what anthony jenkins is up against. accounts, boating through directors, etc. saysnstitute of directors the bonus approved for last year is three times the amount that shareho

what is your take on remi cointreau? >> i think it is an excellent quality company.y issue is the price you have to pay to take the brand of that scale. how much value can you add? these companies have done extremely well to manage the name. extract cost and drive revenue is much more limited. is a companyageo with enormous brand management strength. i am quite nervous of how much more these companies can deliver in the near-term and would much rather brought -- rather buy a correction later in the year. >> quantitative easing is coming to an end. &alittle bit about capex and m i timidly. is it too dangerous to stock pick companies that may be part of m&a activity? >> absolutely not. m&a that, the sort of people used to be wary about will be that driven by financial gearing. we saw a lot of that in the charge of private equity in the lead up to the global financial crisis. all that money needed to be deployed to companies with much more leverage and risk. many of those cases then become unwound. the other issue is whether there are improvements available to companies

and remy cointreau up 5.5%. this is on speculation of a possible trade, as well. now, on the bond markets, ahead of the jobs report today out of the united states, treasury yields have inched a little bit higher. 2.80% is where we stand, getting up to about the highs for the week, the 30-year, 3.265% on wednesday. as far as currencies are concerned, euro/dollar, we hit 1.3698 on thursday after more dovish comments. just above it at the moment, just below 1.23636. dollar/yen, we hit 104.12 on thursday and the aussie/dollar with that four-month high during the week. below that, .9238. and sterling is just below 1.66. let's recap where asian markets finished the week, as well. the nikkei composite fairley flat. so they escaped with that. of course, when the yen has been weak, it's done fairley well. the hang seng is down 0.25% and the s&p asx in australia up 0.25%, as well. now, the prime minister, meanwhile, has wasted no time in implementing the first step of his ambitious reform agenda. legislation was passed through the lower house yesterday to cut down the local

remy cointreau has been up higher by 2.27%. though follows being picked up by san tori. mi is maybe not a bad target. the top management has been leaving the country in recent years. they've got a 2.9 billion market cap with shares about 40% below where we are in february 201. now, it's per speculation, but nevertheless, the stock has moved on that news today. one to keep your eye on. that's where we stand right now in europe. >> all right, boss, thank you. appreciate that. do you think maybe he thought, wow, when is my nemesis? do you think when he's out there, here is my chants, finally, we have this new guy coming in. and fallon has huge ratings. do you think he just said, you know what? who needs this? i'm out of here. >> i don't know if -- >> you'll be nice about this. >> i don't know about ratings. >> oh, really? >> for him -- >> he's number one at this? >> i don't know. i don't know if he cared -- i don't know. i don't know the answer. set up for a long time. right? >> he's a child, basically. he's a kid. he's at the rising part of his career. his work years. >> he

cointreau.-- >> coming in below estimates and organic sales falling by nearly 11%. the market was estimating just under 10% drop. it doubled digit drop in organic sales looking for a decline of 9.7%. remyua brandy, dropping 12 point eight percent. a three-way meson three of the big benchmarks. >> how much of that is down to china? that most ofaying this movement is down to china. that is where they are seeing the anticorruption movement. what they are saying is that they see the full year, the 35%ance the fall between and 40%. to give you a sense, 50% of remy's profitability comes from china. they have been adversely affected by the chinese anticorruption extravagance policy. a negative impact on consumption premium risk. once you have stopped consuming high-end premium spirits, will the chinese return? that's the critical issue. they were warned in january but k of whether the brea trend and consumption. a strong performance, up over 7.7%. russia, japan, and africa are reporting strong growth. nowhere near as important as the chinese business. a miss on the top line numbers and guidance that says profitability operating profit will fall. >> and it cited the prior forecast for signific