and i think we might hear from sainsbury today.ategories like this have been very strong, but overall weaker. you forarles, thank your analysis. senior food and was. alan higgins, chief investment officer at coutts. manus: does anna stock up on champagne? we will go to cyprus. the head of the bank of cyprus joins us, next. ♪ manus: crew governments. saudi arabia may work with iran on a feature -- a future agreement. we bring you the most influential events, interviews and speeches and panels throughout the day. ♪ you are welcome to "countdown." the holidayround travel. they are underlying -- they have reached their underlying ebit done -- ebitda. some revenue and bookings up 1% and revenue for the winter up 11 cents. a conversation we were having with charles. what people are interested in spending their money on. the clothing retailers are loaning the fact we want to spend money on food and holidays. clothing at the moment. positive statement on the back of what we had from thomas could. they talked about in encouraging start to b

. >>> 1.1% fall in second quarter comparable sales for sainsbury. the sales decline was attributed to food price deflation. they are confident they can outperform peers in a changing marketplace. >>> and deutsche post has agreed to by uk mail group in an all cash deal valuing the british postal service at 2.43 million pounds. it will pay 440 pence a share, a 43% premium to the close. >> i had some dan danish girlfriends visiting, and they wanted to go out and drink beer all the time. it's not often that i'm out with girls who want to drink beer. >>> ab inbev approved the takeover of sabmiller. sabmiller voted on whether to accept the 45 pound per share offer and they have accepted it. they approved it. johnny forsythe is the global drinks analyst and joins us. good morning. it's gone through, sabmiller shareholders deciding to go ahead with this offer from ab inbev. is it a good deal? is it a good thing that's happening for shareholders? >> i think it will be a big relief for ab inbev. the beer market is a difficult place now. a huge strategy with t

we are looking at deutsche bank and sainsbury's.e have here is -- report is talking about sterling devaluation. still unclear in terms of the effect on consumers. there were additions to garner strength, but they did away with it. they're going for cheaper every day, sales down by 1.1%. we wait and see that deutsche bank opening price. 2016 is about profitability versus 2011, which is about solvency. that's the take from the market. deutsche bank will wait for an opening price. guy: phoenix is offering to buy abbey light from deutsche. price tag would be $935 million, the deal would be financed by a $250 million new bank facility. searching -- they are looking at deutsche bank's assets and thinking, maybe john cryan will take an offer. maybe that's what's happening. fornix offering to buy it 930 $59 michael moore, the bloomberg finance team, joining us. patrick armstrong, still with us. is that what people are thinking in the market right now? looking at deutsche and thinking, maybe i will have that? >> they will have a look. this h