news from sainsbury over the last hour.fter 10 years at the helm, justin king is going to step down as ceo in the summer. he will be replaced by mike coupe who is currently the commercial director. we have had that confirmed. >> he is taking over july 9. i find it quite important. he is a commercial director. this is about retailers. in the u.k. market, they have to find about what the commercial director can do since he has been successful so far. >> it has been quite a ride as you can see judging by the share price. he has completely repositioned this business. share prices are in the mid-300s now. they got as high as 600. remember what happened with qataris and the takeover that surrounded this business a few years back. company did well off the back of that with the share price lower. let's bring in caroline hyde to give us more detail on what we need to know. has been with sainsbury's has 2004, almost as long as justin king. there will be a seamless transition, it seems. justin king staying on until july to ensure that

>> i think sainsbury is diversifying.se areas are going strongly for them. , it isnt to make is still a small percentage of their sales, smaller than tesco. they are now suffering from the fact. >> you say that the online proposition is going to be the winning proposition. discounting on the nonfood side. more priceg to see wars come through in 2014? >> i think so. around ande key that has been for a long time. mccain and prices, being competitive. takeout target? aty have 25% of the company the moment. du think there might be m&a in this area? >> it is possible. there has been speculation for a number of years. anything is possible. >> marks and spencer is, what is your call? >> improving numbers especially on the food side of the business. we are looking at growth, possibly growth in marks & spencer's. big focus on innovation within the product ranges. in terms of clothing, not quite so good. likely to see declines. overall the food business did really well. i think that reflects the premium end of the market doing real

sainsbury says it has had its best christmas ever. they beat market estimates with sales gaining over the last quarter. caroline joins us now with more. the winning streak at sainsbury's has continued. >> 36 straight quarters of like for like sales growing. justin king has done it again. nine years of increasing sales. the stock down just a little bit this morning. like for like sales will just be shy of a one percent increase. that is why we are seeing a bit of profit taking. winners are becoming clear on the u.k. high street. 36 straight quarters. 100,000 turkeys sold over christmas. stan way sx store sold more than one million pounds in one day. that is a record for sainsbury's. in the northeast of london, that particular store. the busiest ever week. the stock down 30%, the biggest fall in more than two years. a profit warning because they saw promotions eating into their routability. not so at sainsbury's, john lewis. the winners are becoming clear. what will happen for tesco tomorrow? we get numbers and many feel that we could s

sainsbury, justin king, the ceo is stepping down. the group's commercial director will take over the helm. basically stocks down 2%. and deutsche bank in focus, up 1.5% this morning. that press conference is warning of ongone challenges this year. that's further litigation costs hit home. at the same time, the group has reaffirmed the 2015 profit targets and claims its well placed to lead consolidation in the banking sector. that is where it stands with the corporate shares. let's show you where we are with the bond markets. come back to the treasury yield. 2.775% is where we stand ahead of the fed decision later today. dollar/yen is back just around the 103 mark. the euro/dollar, 10.3672. kind of where we were this time yesterday. that's european trading in singapore sixuan tells us what's been going on today with singapore. sixuan. >> thank you, ross. a list in asian bourses, as well. and the nikkei 225 snapped a four-day losing streak posting its biggest daily jump since september last year. so ended higher by 2.7%. in china, the

sainsbury shares down around 8%. mothercare, on the other hand, has seen its shares off sharply today. the baby products retailer has issued a full year profit warning after christmas discounting took a big toll on the bottom line. it operates in around 60 countries. it took a hit on deflation outside the uk. the shares up nearly 30%. >>> persimmon, on the other hand, is claiming a pro bust end to 2014. this is the british house builder. full year revenue jumped 41% to 2.1 billion pounds. the volume of new homes delivered was 16% ahead of the previous year and it grouped added some strong private sales. joining us for more on the sector, ryan brahamfield. how much of what persimmon is saying reflects the rest of the sector? >> i think this ties in very much with the story across the sector. in contrast to the retailers where it's been a very mixed bag and you often find this in sectors across the board for the home builders. >> now, these latest set of numbers, they didn't mention the government's help to buy scheme.

rival british supermarket sainsbury's has issued guidance eighteen there is another reason why staff do not drink the whole wheat pool for religious reasons should not handle them meanwhile steam up the joint task and stated that it makes no sense to employ staff until he refused to touch the license for religious reasons. as has more than seven hundred schools in britain a naval adopted the policy. christine's you do don't wish to work on sunday i'm really just cheesy cheese onto a course on today's oral keys to flow more easily and after the social media backlash among suspense that kid it's a slight lead on track. they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow in that place old bakery departments instead of a mattel wish you could be expected to sell our home. is that a bound for san juan. in central london. as i i i london might soon become the most basic to sixty in the boat so posting hauritz a new deal. some of the number of bases to talking to him and console a climax that twenty percent leaving tours and

rival british supermarket sainsbury's has issued guidance eighteen there is another reason why staff do not drink the whole week called for religious reasons should not handle them meanwhile supermarket giant tesco has stated that it makes no sense to employ staff on until the keys to type so the license for religious reasons. dennis has more than seven hundred stores in britain a naval adopted the policy christine's you do don't wish to work on sunday i'm really just cheesy cheese onto a course on today's oral keys to flow more easily and after the social media by last month's suspense that kid it's a slightly back track. they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow into place old bakery departments instead of a motel where she could be expected to sell alcohol. is that about him for it and one in central london. i am. i this week's success of the philippine caregiver is when the x factor scene competition might have been to. it's not for the interior minister assistance for once in the professional scene indus

rival british supermarket sainsbury's has she gone crusading there is another reason why staff do not think our whole wheat pool for religious reasons should not handle them meanwhile supermarket giant tesco has stated that it makes no sense to employ staff on until the keys to type so the license for religious reasons. as has more than seven hundred stores in britain a naval adopted the policy christine's you do don't wish to work on sunday i'm really just cheesy cheese onto a course on today's oral keys to flow more easily and after the social media backlash among suspense that kid it's a slightly back track. they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow into place old bakery departments instead of a mattel wish you could be expected to sell alcohol. is that about him for it and one in central london i am thousands of foreign domestic electricity to the streets of hong kong to protest against me. i recently used green fields and in sydney and hong kong reuters jason but protesters are calling my name day slavery

ubs had sainsbury on its list of top most likely targets for 2014. >> watch out for that.nk you. dennis robin made a trip to north korea. -- rodman made a trip to north korea. will this prove that any publicity is good publicity? ♪ >> i am mark barton. these are the bloomberg top headlines. asian stocks rising today after the imf decides to wait to deliver its economic forecast. mark mobius says he still sees fundamentals in emerging markets despite major wall street banks being bearish on the air. says there is a great opportunity. situation where institutional investors and other investors in the u.s. are overweight. they have to diversify or else they will be in trouble. >> millions of the u.s. are being urged to stay indoors to coldct against the bitter snap. record show tuesday was the coldest day in record years. chicago had a temperature of -20 degrees celsius. that was colder than the south pole. hello. welcome back to "countdown." the latest stop of the u.s. treasury jack lew's european tour takes into berlin. for more on what is on the agenda, we are joined by ha

lionel richie supermarket sainsbury's has issued guidance eighteen there is another reason why staff do not think our whole wheat pool for religious reasons should not handle them. meanwhile supermarket giant tesco has stated that it makes no sense to employ staff on until you refuse to touch the license for religious reasons. dennis has more than seven hundred stores in britain a naval adopted the policy christine's you do don't wish to work on sunday manages to use the cheese onto a course on today's oral keys to flow more easily and after the social media backlash among suspense that kid it's a slight lead on track. they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow in that place old bakery departments instead of a mattel wish you could be expected to sell alcohol. is the good bound for san juan in central london. i don't cheer in your tent been abuzz with excitement as three new dog breeds have been announced for the very first time at the westminster kennel club two thousand fortunes have registered to send her t

lionel richie supermarket sainsbury's has issued on its eighteen there is another reason why staff do not think our whole wheat pool for religious reasons should not handle them meanwhile supermarket giant tesco has stated that it makes no sense to employ staff on until you refuse to touch so the license for religious reasons. dennis has more than seven hundred stores in britain a naval adopted the policy christine's you do not wish to work on sunday i'm really just cheesy cheese onto a course on today's oral keys to flow more easily and after the social media by last month's suspense that kid it's a slightly backtrack they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow into place old bakery departments instead of a motel where she could be expected to sell alcohol. is that a bound for san juan. in central london. as i i i potentially making life easier by my maturing glucose levels in tears and transmitting them to handheld devices knew he unveiled plans could repeat millions of people with diabetes protecting their fi

rival british supermarket sainsbury's has issued guidance eighteen there is another reason why staff do not drink the whole wheat pool for religious reasons should not handle them meanwhile supermarket giant tesco has stated that makes no sense to employ staff on until you refuse to touch so the license for religious reasons. dennis has more than seven hundred stores in britain a naval adopted the policy. christine's you do don't wish to work on sunday i'm really just cheesy cheese onto a cost of today's oral keys to flow more easily and after the social media by last month has been said here that the slightly brown trout. they said that the muslim member of staff involved in the initial incident should have been found the seeds will grow into place old bakery departments instead of a motel where she could be expected to sell alcohol. is that a bound for san juan. in central london. i did thousand so foreign to most likely sent it into the streets of hong kong to protest against the recent news tree fields into sydney and hong kong reuters excessive but protesters are calling my name

sainsbury is not faring any better. it's currently off 2% a day after cutting its full year forecast and warning over cautious spending, despite reported quarterly sales growth of 2%. comparable sales dipping. food doing fairly well, though. but what is clear, this has perhaps been the toughest quarter general ly for retailin. at 10:30, we'll be taking a closer look of the sector. so that's the retailers in the uk. let's move on and show you where we stand with bond rates. treasury yields back towards the 3% mark. adp yesterday was the best in 13 months. we had a higher yield, as well, and a ten-year auction and we've seen two-year bills up to a four-month high, as well. keep our eyes on gilt yields. 2.98%. ten-year bund yield, 1.9%. on the currency markets, the dollar index has been up at a seven-week high today. euro/dollar yesterday hit a one-month low. we're back to this 1.36 mark. we've been over here hovering around 105 for the dollar/yen. aussie back down to 0.8877. and sterling, just above 1.64, as well. now, th

we had numbers from sainsbury yesterday. today it is tesco and marks & spencer.oline hyde is here with a roundup. you are either doing really well or really well but i offering cheaper prices. in the middle, you're kind of stuck. >> the dig for we have been looking at, tesco, morrison's, all those players, they have been crashed by the upper and lower limit. you have the discounters eating into your market share. sales up, we are all going for luxury. spencer's,s & morrison's all disappoint on the high street today. comparable sales fall across the board. growth ass in on the far as tesco, morrison's, tesco's sales down 2.4%. sales down in asia and europe as well. despite tesco investing one billion pounds to upgrade their stores and get us all back shopping there. if you look at morrison's, they are showing a profit warning. sales down more than 5% overall, they say it is very disappointing. they are particularly hurt by online competition. players -- ife elected marks & spencer's, the biggest clothing retailer in the u.k., clothing sales down for a 10th straigh

we saw very poor numbers out from the likes of m&s, sainsbury, and ocado has been one of the winners. the share price has gone up five fold over 2013 and in the last month, nearly up t25%. today, though, they came out with good news. they said, look, looking forward, we would like to say this is a tough competitor's market and we will perform in line slightly ahead of market. so a little bit of a cautious sounding from him. maybe that's why shares have gone down. profit taking, as you said, they'll have full year results in two weeks. so we'll get more detail. but there's nothing to complain about. 5 million in -- >> everybody thought this was a business that was going nowhere. >> oh, yeah, because of the lack of profits. but apparently not any more. they did this deal with morrisons, 2 hunl million pounds. morrison's, just last week, did their first online order. >> what was the order on that? >> i don't know. but i do do or cardio orders. do you to ricardo? >> their average basket actually grew this year from 1110 pounds to 111 pounds and 60 p. mine is a bit higher than that. >> you