rwe has agreed to sell its energy. that is backed by a russian billionaire., our europe editor, david tweed, has the very latest. is this beginning of a new phase in oil and gas investments? >> it could be. i will remind you that last aar, they sold their stake in company for $5 billion. now, there is an oil and gas subsidiary of rwe that is based in hamburg and they said they want to use it as a principal conduits for investments in the business. said, the unit has interest egypt.any and also, off of the coast of norway. rwe,the point of view of they want to sell their oil and gas unit and focus on the core business, power and energy production. it tends to work from both sides. still, it is a sign, from the russian point of view, that this is business as usual. their investments company is based in luxembourg. it isstingly enough, advised by a former ceo of bp, lord brown. david just said that they will be buying stake in. pirelli. >> they could be on the sanction list. on buying 50%ead of the italian tiremaker. they sell the products throughout all of thei

one of the timing of this next piece the german pilot john rwe selling in oil and gas unit the russians. l and r w the wants to give it a if it's heavy and the death note. by the actu and it seems to be at a crooked kind of last minute deal that we've seen here are the really mind if you said the sanctions that to the steel. wouldn't it be yet able to do it today or tomorrow and this is why they did it yesterday as some analysts were saying our dummy east as the slightly up the dax is gaining a one and a half to send your stats fifties up by one and a third of a percent while wall street started off hire one in the squad of ten plus he'll while the euro. the is up to live and to the above went on a thirty nine. humble thank you very much for the analysis. a closer look now and that i don't pee wee story which has just mentioned. absolutely because despite tensions with moscow over the crimea standoff it's business as usual for german utility giant our wb which says it has struck a five billion euro deal with the russian backed blair won a contest. the rwe sell off of its oil and gas in

those are challenges at rwe and the whole of the european complex as well.e hugging the guidance. >> manus, thank you. se" is coming up. we have a cracking line of interviews from the geneva motor show. >> yeah. we'll talk to reno. a car company with significant exposure to russia. heavyy regret the investment -- investments they make? looking forward to that and looking for insight into this manufacturer. we'll go to the other end of the spectrum. lamborghini. they have a new car out. it is out and we will see the car. that will be what 2014 looks like. owned by bmw. bmw has given him the green light to produce an suv. everybody wants to produce an suv. what progress the company is making for that. and rumors that they may produce a four-door to compete with the panera. the story here at the motor show is the european markets gaining traction. maybe the russian story could upset it. i am looking forward to it. >> guy johnson. thank you so much. releasestching as it its full-year earnings. i am joined by a bloomberg reporter. the market has reacted positivel

its gass rwe will sell unit. deal's value is about $7.1 billion.res kabul deutschland last year. acquired germany's kabel deutschland last year. softbank owns about 37% of alibaba. welcome back to "countdown." >> it is 14 minutes past seven here in london. an official says nearly 97% of her disappearance in this referendum voted to become part of russia again. joining us now is managing strategy.t spiros how much do you think president putin is going to sacrifice the well-being of his economy for geopolitical aims? is that the key question when we watched the path that the russian ruble has taken? >> that is certainly one of the key questions. crimeanlly, the peninsula was lost to russia weeks ago. crimea has actually become something of a sideshow here. there is an inescapable feeling now that what we are actually seeing is pretty much a foretaste of things to come. russia is oh -- russia's overriding aim is to make sure that the ukraine, particularly the eastern half, is not drawn to the western fold. russia will annex ukraine if it -- annex crim

rwe has agreed to sell. the deal is solute at $7.1 billion. >> h&m says february sales are up.etailer has more than 400 more stores this year than it did last year. tv cited blacke nikon cameras. >> will shares be as easy to sell? we will get the potential ipo for jimmy choo. ♪ >> welcome back. it is time for today's hotshots. despite the conditions on the the third straight overall title was won by marcel hirscher. day ifs st. patrick's you have not already noticed. even rivers are bringing out their inner leprechaun. dyedhicago river was emerald green. plenty of happy irishman out on saturday night. a unique light on the scottish independence debate. there six months until scotland votes to break away from the u.k. shetlanders are vying for their heritage. i like the kilts. >> that looks like a fun party. party in the markets? >> party in the markets. geopolitical risk is front and center. eu and the u.s. do to respond with sanctions if russia annexes crimea? the chancellor of the u.k. talks about expanding the help to buy program until 2020. the u.k. is climbing higher on th

an arms embargo which and that's the german energy group rwe meanwhile is selling its oil and gas exploration and production division to the russian investment group that's the one. he has found you define billion euros gemini europe's economic times and take the hits. in terms of its dependence on russian gas we see good weather is helping support bonds as an enormous hit the guy puts in germany since it was three percent of its exports to russia. we got mulched with simple case of her percent of our gas imports from russia. i might sound like a lost his bid to derail many other countries which offered jobs in the gas reserves here in germany offering of stock because of the month winter season and the fruit. teach me to have significant business links with russia. the cto london is the trading center of choice for russian on the docks. there's seventy russian companies listed on the london stock exchange said eu countries with ms and so too would russia the eu is far and away its main trading partner russia's economy has suffered chewing this ukraine prices investors a pool that surround th

germany's biggest power company rwe reported its first annual loss in more than 60 years.fall use billions of euros in write-downs as power prices slump. -- that follows billions of euros in write-downs as power prices slump. >> the first loss in 60 years, since german unification. we knew that rwe had a ready taken -- we know they're having to take the financial pain up front. i told us about that number a little while ago. slap at theone big end of 2013 so they can move on, stay can recalibrate this company. a couple of other nuances in terms of savings programs. they are a year ahead of that. loss, 2.7eat big billion euros. that is down from a profit of 1.31. it is called the recurrent income. they are still sticking to their guidance and this is important. you might not see them call the bottom of their earnings. they're still there, and they are still steadfast in the guidance. we will pay between 40 and 50% of our income in 2014. that is good if you are a shareholder. the savings plan is on track. we have more capacity. makeg to work out how to sense of this. to me i