ryanair is thinking of delisting. this would have to do with brexit, which is where do you want the listing of your stock given the differential? rising stocks, jet fuel edging, approximately 60% of its edging done for 2022. profit after tax comes in lighter then the market and -- had estimated. we will put these questions to the ceo. where are you considering delisting? we went to note what the booking is like. santa claus is coming, is it going to be a bumper christmas for ryanair. this is what we want to know the ceo come will get to that. the reason for delisting is a material decline in share volumes in the wake of brexit split and the european union. covid cases are rising in the united kingdom. could there be a risk of another orders being reestablished again because of covid? we will ask michael those questions when he joins me shortly. let me show you what bond vigilanteism looks like. the australian government bond market, three standard deviation moves down into guilt this morning after a bond vigilante att

jonathan: ryanair down. us is jim o'sullivan, arguably with the biggest call we've been talking about. we caught up with your colleague about it, waiting until december 2020 32 hike interest rates. you are at the very far end of the range of people we talked to. why can we wait that long? jim: obviously, it's hard to be specific on exact timing but our point broadly is momentum will be down over the next year. if you extrapolate where we are, growth is strong, inflation is way too strong and if you extrapolate, the fed would have to tighten the key issue is what momentum will look like over the next year. we think despite the budget building and congress, that there will be significant fiscal drag in 2022. the budget deficit go from around 12% of gdp to around 5% in fiscal 2022. there are some offsets but we think the net will be significant downward momentum. it will look different as we get toward the middle of next year in terms of momentum and growth as well as inflation. we will see where we stand. they

coming up, ryanair returns to profit as demand is surging. ceo announces his plans to bloomberg for the year ahead as well as the possibility the carrier will exit the london stock exchange. that is next. this is bloomberg. ♪ ♪ tom: welcome back to the open. we are 23 minutes into the european trading day, optimism percolating through these markets, the stock 600 out more than .7% present. barclays is the story, ceo jes staley is down, earlier down more than 3%, so pairing from heavier losses. let's focus on airlines now, ryanair returns to profit in the second quarter as demand for air travel surges. my colleague, manus cranny, spoke to the ceo. >> as trading in our stock in london shriveled, it does make sense that we have a regulatory obligation to ensure we have european majority owned and controlled. we've taken away the votes from non-european shareholders so we're 100% european controlled. as of the first quarter, we were just over a third eu owned. and we needed to move that gradually up towards 50%. i think the two main instruments i

ryanair, not a big surprise. announcing they will be delisting from the lse because of the requirements to be owned within the european union. brexit being blamed by ryanair for that move. down by 0.5%. and kingfisher as well, the owner of the end q, actually down 5.5% despite saying they see forecasts in a profits and revenues toward the higher end of the range. after reporting a pretty solid third quarter across all of its brands, that is a stock that is under pressure today despite forecasting revenues to be in the higher end. these are the individual stocks we are looking at today. we will keep a look on those through the session. coming up, markets way inflation -- markets weigh inflation. more next. this is bloomberg. ♪ tom: welcome back to the open. we are 12 minutes into the european trading day. so far, all are making up for the modest losses we saw yesterday. only 12 minutes into the trading session, but we are seeing gains of 0.3 percent against the stoxx 600. a stronger performance in france . in ital

we'll be keep an eye on ryanair.eeping an eye on the british banking and financial services brand. it posted full-year results today. the digital transformation is closing almost one in five branches. that is going to weigh on profits. they are down so far and finally we're watching johnson mathews, the chemicals giant. on the brink of fall out with the ftse 100 at its quarterly review at the index next week. it posted a loss. the big story here is abandoning the venture into car batteries. saying that with the new boss the group could be more likely to break up but it is in the green so far. francine: thank you so much. the latest on some of the big moves we're watching. the other beg they think. every day i feel leak there is a 10 billion deal in equities. it is the second day in a row. i wasn't sure what it did. private equities circling. tom: back into play. a lot of cash at hand. we have seen the kkr bids. watching that deal sweel. a lot going on. this is bloomberg. ♪ tom: welcome back briefly to the open. 26 mi

this will have ripple effects for the low-cost carriers like easyjet and ryanair.nd for the wider space, you have the hotel years and the airport operators. on the flipside, you have the winners. the british food delivery company has typically done well when people have been locked down at home. and it is in the green. you also have its rivals like just eats and hellofresh and think about the computer equipment providers with people working more from home. that is doing well today. and telecom italia, the ceo has offered his resignation to help move along a takeover bid from kkr. it is in the greened so far because investors will be hoping it can get the deal over the line. bloomberg hearing kkr make up its software to get it done. tom: looking at stocks to watch on a turbulent day. the shift to havens. yields sharply lower. let's check in on the bond markets. investors start to pop back into treasuries amid the search for havens. the yen and gold. the u.s. 10 year is now at 1.51. a 12 basis point move lower. that is your u.k. guilt gaining -- gilt gaining. the ger

the eu has acted very fairly, very quickly this late spring, early summer when a ryanair flight was hijackedorder to detain one of the members of belarusian civil society. the sanctions imposed also in the belarusian airspace were really strongly felt by the dictator. and this is the answer we should have now as well. so another set of sanctions targeting both the individuals and the entities that try to engage in organising this illegal migration as well as further economic sanctions damaging the plan of the dictator. this is necessary in order to make him no longer breach international law. so deeper and wider european union sanctions against belarus. so what kind of economic sanctions are you talking about? i think all options should be on the table because the situation we are facing right now is unprecedented. we have been facing as europe in general various crisis also those related to migration legal or irregular migration. but never before we have experienced a situation where at third country is orchestrating it from the very beginning to the very end. this movement setting up fake

ryanair has so far declined to comment.ng to increase the woodland cover on exmoor. at the moment, we�*re at around 13.5% of woodland cover. we want to get it up to about 17%, and that�*s going to mean planting about 2500 hectares of new woodland on exmoor. the national park says an estimated five million tons of carbon are stored in exmoor�*s treescapes, but a mixture of oak, hawthorn and scots pine will also benefit the area�*s rivers. it�*s right on the edge of the river ex. just down into the valley below us is the river ex. it helps to slow down the flow of water, the flow of rainfall, down into the ex, and that helps to keep the river water cleaner as it goes off towards exeter and exmouth and all those places as well. the new wood will hopefully provide a habitat for the area�*s wildlife, but it�*s also been an opportunity to bring the community together. many of the trees here are dedicated to loved ones. this is the start of a really big project here up on exmoor. they�*re looking for volunteers who will grow 10,00

you will know this name very well, the ryanair holdings ceo.at he had to say on tuesday about the lockdowns in new york and his fears about what this means for travel. he said it is inevitable that we will undermine confidence between now and christmas because of the lockdown. he goes on to say it will impact people because it is christmas time you normally book your summer vacation. i thought that was really interesting psychology. this is a space to watch going forward if we see lockdowns in europe deepen and some easing in the united states, will we get the big resurgence and travel that we talked about? caroline: thank you so much, ed. we were talking about the pressure on airline stocks and airlines getting busier, particularly in the u.s.. at this time last year, the second covid wave took travel by the jugular. travel to set to make a huge comeback in 2022. that's get optimistic again with yet another british voice. we have the founder and ceo of peak.com. triple business during the pandemic. talk to us about how during the pandemic, we

six going to michael o'leary over at ryanair.e's super excited about this aircraft. 27 jets delivered in october. the big and is in the aviation sector right now whether or not airbus is going to hit its 600 target by year end. increasingly looks like that could be a struggle. alix: a struggle indeed. coming up, a surprise pickup and german investor confidence. we will break down that in what it means with hannah gooch peters, san lahm investments -- hannah gooch peters, sanlam investments global equity investment analyst. st. ritika: let's check in on the bloomberg first word news. prime minister boris johnson is over fire -- is under fire over a lobbying scandal. the government has been openly accused of corruption in parliament. even newspapers that are typically friendly took aim at johnson's party. a new poll shows his approval rating at a record low. vice president kamala harris is in france, continuing to try to heal a rift between the u.s. and france. she said she was looking forward to many days of productive discussions

air france is down .5% 10% off easy jet ryanair down 8%. so it's a strong day of selling. carnival and the cruise ship business has been one of the hardest hit stocks in europe so a lot of go-to trades here for market participants revisiting what they used at the start of the play book oil i mentioned banks have been interesting, i think oil of late has been fascinating we've seen escalation in the price story around shortages, concerns we're seeing a pick up in demand that's not being fulfilled by opec plus and that caused the extraordinary move by u.s. president biden and cohort with other countries to step in and tap strategic petroleum reserves but this questions the demand story into year end and the start of next year so we've fallen 5.5% coming off brent. so a lot of action here for the speculators, wti falling 6.8%, sharper fall than even brent >>> elsewhere the president and ceo of aerospace manufacturer and bria has told me that increasing restrictions on the continent are curbing practices in the industry but not all regions are being affected >> actually, the s

ryanair is dropping the listing on the london stock exchange over brexit compliance hassles.line has had to limit stock purchases. trading volumes in london have blend old, -- have dwindled. a big change underway in the wants over city of london financial district. they will make them spoke khaki pants and casual jackets. it goes against the old edict, never wear brown in town. guy, will you partake in this? guy: well, i am wearing black shoes right now, sticking to the old adage. when you are in the country, you can do whatever you want, but never wear brown in town used to be that way it went. but the lockdown has changed everything. you don't see that money people walking around in suits anymore. there does seem to be a kind of view you can wear whatever you want as long as you are not seeing clients, that seems to be the narrative. anyway, i still got to wear a suit. i don't see the powers that be here changing that anytime soon. the european close is next. this is bloomberg. ♪ ♪ guy: wrapping up the session and the weep for european equities. we are counting you down to

one is the balance sheet to ryanair probably has the strongest and the whole sector.iquidity. the other is the kind of traffic that you have, the business travel, leisure travel for terrorism, and leisure travel to visit friends and relatives. the short-haul airlines will be better than the long-haul airlines, but within that, those who were exposed to visiting friends and relatives travel will see more of a mix. you might visit mom for christmas even if you don't to spend it on the beach or holiday. dani: even though we might have that distinction, there was a pretty widespread selloff. is this the full downside case priced in at the moment or could we see stocks fall even further from here? alex: this is a lot of downside priced in and when i look at the airlines, we are looking at -- -- medium -- businesses. they will have a bit more certainty over the recovery than legacy carriers but ultimately, you are not buying these stocks in early 2022. what is the earnings power after we come out -- after we deliver the virus in the new normal. manus: how much more pressure

ryanair, i brought it up because earlier in the session it was down.fear amongst the european airlines with a big conference taking place in london next week, and we should see covid restrictions in europe really acting as a headwind. the recovery has been gathering pace. people book holidays for the summer in january, but if we are in lockdown at that point, will they still do that? evolution out of sweden had a tough time this week, they had a conference call trying to set the investment community straight. it did not work, there is still significant concern on whether or not they will have to clean up their user base. there has been accusations made that we are seeing users from sanctioned countries using the platform. and remy cointreau today up by 13%, the stock trading at 211, a huge demand for luxury liquor at the moment. drinking less, but paying a higher price for it. the cocktail is back. a huge demand in the united states for remy cointreau. so it is -- so, its ceo spoke earlier on, talking about inflation, what he thinks it will look like i

across some of the budget ones you have gains of almost 2% on some of the trades from easy jet to ryanair carnival one of the worst performing stocks on friday it's added 6.3% so a pick up there less on the boards for the hotels i want to take you to the vaccine makers the one we are closely watching here in europe is astrazeneca. it continues to slip pfizer has added 1.8 biontech 4.6 they're in germany and you can see the trade expressed through the european market are firm for all the veens accines accept astrazeneca. >>> the w.h.o. wants to ensure mitigation is in place the risk assessment associated with the omicron variant is quite high and that it could lead to future pandemic surges with severe consequences w.h.o. also urged countries to accelerate the vaccination programs and used a risk-based approach to international travel >>> south african authorities are considering making vaccines come pulsery for some places after infections tripled in the past week. the president has said the newly emerged omicron variant is responsible for the spike in new cases but the government has not

ryanair up 3%. travel and leisure is up 3%. that was the worst performing sector on friday. it had fallen 8.8%. also reversing some of friday's moves is hello fresh. it really was the classic pandemic playbook at hand on friday, because we saw these stay-at-home stocks outperform. hello fresh was up 5% . finally, bt group, finally one that is not moving on the bigger macro picture. an indian newspaper reporting that reliant industries might be interested in a takeover of bt. bt not responding to that report, saying it does not respond to speculation. even so, that speculation has sent the shares higher by 7.6%. francine: we will have plenty more on that. we will also talk inflation and outlook from jp oregon asset management. we will talk inflation, omicron. we have a good conversation on the markets. later today, we will speak to the pfizer chief executive. don't miss that interview. it is on on the crime and further vaccines. this is bloomberg. ♪ dani: welcome back. we are 12 minutes into your cash trading session. we are looking at a day of rebound. perhaps not a lot of c

if we look at some of the biggest fallers, ryanair down over 6%. lufthansa down as well, 11%.%. and iag down just over almost close to 11%. concerns, of course, about the impact this new variant may have on the economy and the airline industry. that does it for me. i'm isa soares. elise starr and christine romans on "early start." do stay here with cnn. have a wonderful weekend. bye-bye. supplement with vitamin c and b vitamins to help energize and replenish. dayquil severe is a max strength daytime, coughing, power through your day, medicine. new from vicks. don't settle for products that give you a sort-of white smile. try crest whitening emulsions... ...for 100% whiter teeth. its highly active peroxide droplets... ...swipe on in seconds. better. faster. 100% whiter teeth. shop crestwhitesmile.com. it's time for the ultimate sleep number event on the sleep number 360 smart bed. what if i sleep hot? or cold? no problem, the sleep number 360 smart bed is temperature balancing so you both sleep just right. and it senses your movements and automatically adjusts to keep you both

ryanair of 1.2%. there's evolution down 15%. the per prices, particularly higher liquor prices. remy cointreau up 11.3%. apparently cocktails are back in fashion. it is a good note to end on. this is bloomberg. ♪ >> from the financial centers of the world, this is "bloomberg markets," with alix steel and guy johnson. guy: thursday the 25th of november. it is tonight like a.m. in new york, which is celebrating thanksgiving today. that is where alix steel is. hope she is enjoying herself. she's done a lot of baking, i know, to get ready for all of this. let's talk about the headlines you need to know about. the eu recommending a nine-month limit for vaccine passports. france pushing boosters for all of those over 18. the ema also approving pfizer shots for those as young as five. remi rising to a record sales of luxury. the company flagging a veritable craze of cointreau in the united states. parent a that has to do with every buddy winning to drink cocktails. and goldman sachs' chief economist jan hatzius says the fed will taper

you make — on ryanair or in the home office. it has made clear— a cross—party report and it has made clear recommendations about removal of the _ clear recommendations about removal of the scheme from the home office. the home _ of the scheme from the home office. the home office is not fit for purpose _ the home office is not fit for purpose. it is like flogging a dead horse _ purpose. it is like flogging a dead horse the — purpose. it is like flogging a dead horse. the government now has to recognise — horse. the government now has to recognise that the scheme has failed — recognise that the scheme has failed it— recognise that the scheme has failed, it has let down the windrush generation, and they need to work with the _ generation, and they need to work with the windrush generation ticket make _ with the windrush generation ticket make this _ with the windrush generation ticket make this right. they can't keep saying _ make this right. they can't keep saying all— make this right. they can't keep saying all the time, we will

thousands of flights in the past few months will the holiday travel season be ruined we'll talk to ryanairsumer demand and more. squawk coming right back after this ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? growing up in a little red house, on the edge of a forest. in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. . >>> american

you said, 2017, she disappears, takes a ryanairflight as you said, 2017, she disappears, takes a ryanairens and has not been seen since. , . bulgaria to athens and has not been seen since. ,, ., , seen since. she had this huge ro -e seen since. she had this huge property in — seen since. she had this huge property in london _ seen since. she had this huge property in london worth - seen since. she had this huge - property in london worth millions. so in 2016, we discovered that she bought a £13.5 million kensington penthouse with beautiful artwork and a swimming pool, a glorious place to live, but it was a secret until a couple of trials recently including the one in germany revealed a bit of light and we started to dig deeper to find out who helped to conceal the true ownership and how long she held out for and so on. many people would be surprised that this woman had this very, very impressive piece of property rights in the heart of london. , ., , of property rights in the heart of london. , .,, , ' . of property rights in the heart of london. , ., , , . ., london. this has been diffi