sainsbury's is increasing wages for about 85% of its workforce.ent rise will be the company's biggest and more than a decade. the move will left sainsbury standard rate of pay above the national living wage, which is set to rise next april. crh has agreed to buy cr lawrence 41 $.3 billion. it is america's leading manufacturer and distributor of insulation products for windows. 7:45 in london. a french company missed estimates earlier this morning and carolinas here to break down the numbers. caroline: never too early to mentionut lose, not to the scotch whiskey. these are all the brands they currently provide across the world, notably in china. say that they did miss analyst estimates. this is the world's second-biggest distiller. the market wanted to see 2.6% -- it was a mess although in line with forecasts. in asia, weakness continuing, profits down 1%. chinese sales are continuing to fall, but they are not as bad as it was last year. in fact, they are improving. china sales are down 2% last year they were down more than 20%. there is a road to

supermarket industry and how that hurt the likes of sainsbury's and tesco? richard: very much so.perating ini australia for some time now. they are a strong, vibrant company. we've also been getting advice from archie nolan, who is a legendary retailer from the u.k. helping a number of our businesses. archie keeps tabs on what is going on globally as we do. you learn the lessons and make sure you run your business as best you can. yourad: you've grouped industrial chemicals operations into one large division. is there a spinoff on the cards at all? richard: it is the furthest thing from our mind at the moment. we like these businesses. they are good cash generators. there may be opportunities to expand them. they generate good returns on investment. growing thosen businesses and improving returns. theaad: the last word on state of the australian economy. it is quite a difficult read in many ways. how would you characterize it? richard: i think it is pretty solid. you don't get the sort of revenue increases we've had across a number of businesses if the consumers don't have some co

sainsbury's is increasing wages for about 85% of its workforce.ahead of the compulsory introduction of the u.k. government's national living wage next week. -- next year. increase is% wage the biggest increase in decades. it takes the standard rate of pay from seven pounds eight pence-- pounds 30 seven pounds 8 pence to seven pounds 38 pence. manus: donald trump said he would tax himself more if he became president. he said he would signify tax -- simplifiedt tax laws and target hedge funds, which are taxed at a lower rate. mr. trump: i do not mind paying taxes. the middle class is getting clobbered. the middle class build this country, not the hedge fund guys. i know people and hedge funds, they pay almost nothing and it is ridiculous. francine: we are also getting some breaking news out of ukraine. reaching a restructuring deal after five months of negotiations. what the deal is a 20% cut for private bondholders. the finance minister, often one of the guests on this program has been negotiating with franklin templeton, they own and a lot of ukra