coming up, it was a happy christmas for sainsbury. found out how the grocer beat the retail blues during the holiday season. all that and plenty more after this. >>> welcome back to the show. in europe, sainsbury's fiscal third quarter sales over christmas topped estimates rising 0.1%. argos was a bright spot for the second biggest supermarket which it acquired last year. total sales at the catalog retailer jumped 4%. sainsbury said it is well placed to navigate the external environment but warned of uncertainty of the pound's devaluation. >>> moving on to taylor wimpey. the company said it will deliver profitability at the upper end of market consensus. the uk home builder said it would pay significant dividends after an operating margin of nearly 21%. house completions rose 12% in 2016, cancellation rates remained. shares off by 2%. >>> 2016 earnings out, foxtons expected to be half that of 2015 as the estate agent blames brexit and a property tax hike. it says trading conditions remain challenging and volumes are likely to fall. fo

ben, this morning it's sainsbury's. sainsbury's reporting a sales increase of 0.1%. about house prices and not good news from foxtons? this company is in london, but it deals with a lot of high—end property, but flat rentals, damning figures in their statement and i've done calculations. revenues down by 26%, that's just in the last quarter. they have said their full year earnings will be down by 46%. and that's because of what they call a significant fall in sales volumes, now we're looking at that closely. there has been a clampdown on the fees that the agencies can charge to people who are renting. things like renewing contracts and moving to a new house. but also, of course, after brexit, whether there has been an impact on people buying high—end property, so it's something we'll watch closely, but the early signs for a company like foxton's isn't good. a plane has come down in australia. a plane has come down in australia. a 13—year—old boy has been treated for minor injuries. the latest strike by southern train drivers entered a second day with no sign ofa driv

sainsbury say they are prepared. they say the market remains competitive.f sterling remains uncertain, but they are prepared. can you think of anyone who might need a hush me? no idea what you're talking about. mit world ? idea what you're talking about. mit world? —— am i too old? idea what you're talking about. mit world? -- am i too old? is a lot more on the website about sainsbury‘s, morrisons, how we are faring in the uk. you're watching business live — a reminder of our top story: donald trump is getting ready to unveil what steps he intends to take to make sure his business interests don't conflict with affairs of state. let's ta ke let's take a look at the markets. slight drop across the board. in europe anyway. follows on from a record winning streak, particularly for the ft—se 100. record winning streak, particularly for the ft—se100. nine straight sessions in a row where there was again. well above that 7000 mark. volkswagen shares in germany, repercussions that they are settling $a.3 repercussions that they are settling $4.3 billion with us repe

pales in significance compared to the likes of william morrison and sainsbury. 1.7%.ill the ftse hit 13 in a row? counting down to the close. vonnie: pretty phenomenal run. let's check in on the bloomberg first word news. alisa: don trump's nominee to head the cia will try to convince the senate he could be objective. a confirmation hearing will be held for republican congressman mike pompeo, likely to be questioned about the president-elect's repeated criticism of u.s. intelligence agencies. senate republicans have cleared the first big hurdle in their campaign to repeal the a formal care act. to aattached a measure budget resolution that would allow them to repeal much of president obama's health care legislation without any votes from republicans. republicans have not agreed on a replacement. the u.s. military in afghanistan says its investigation into a firefight with the taliban back in november has shown that 33 civilians were killed when troops fired on afghan homes. the probe followed claims that civilian deaths resulted in air strikes called in to support afg

sainsbury is also trading higher on this supermarket surge. outperforming the rest of broader europe where we're seeing slight losses at the moment. despite this rally in this particular sector, charles newsome painted a pessimistic view of the food retailers. >> not terribly good businesses. their return on capital has been low for a period of time. it was negative the last couple of years. when you start thinking about it, do you want to invest in a business which doesn't cover its cost of capital and is facing competition from the discounters? i think no. >>> now, metro reported a 0.6% drop in sales during the christmas quarter on weakness seen in consumer electronics and its real hyper markets. the german retailer posted sales between october and december of 17 billion euros, below analysts expectations. >>> and shares in just eat are the top decliner on the stoxx 600, down by almost 8%. after it reported a slowdown in fourth quarter sales. this happening despite a 42% jump seen in full-year order growth. the food delivery company saying i

sainsbury, tesco, and others this week. an.ng washington, says he's confident britain will be first in line for a trade deal with the new us administration. the foreign secretary has been meeting senior republican politicians who've promised to make a us—uk trade deal a priority, barack 0bama warned in april that the uk would be at the back of the queue if voters chose brexit. police in northamptonshire have closed a stretch of the m1 motorway after a body was found in the road in the early hours of the morning. the northbound carriageway between junctions 16 and 17, near northampton and rugby, was shut following the discovery and is expected to remain closed for most of today. police are investigating the circumstances of the death. the british and irish governments say they're going to work to try to find a solution to the most serious political crisis in northern ireland in a decade. yesterday, the deputy first minister, sinn fein‘s martin mcguinness resigned. it came after weeks of tensions between his party and their partn

the retail sector has performed well, led by sainsburies. that is it for this hour.nce by the president—elect. the first since he was elected in november. the inauguration is the end of next week and we expect to hear fairly soon from donald trump. we will be back in new york once that gets under way. i wonder if there are any flags flying outside, they all seem to be inside! now the weather. there is a lot going on with the weather. keep in tune with the forecast, because there is snow and some could be disruptive, particularly in the north. a lot of ice bars, we have this cold north—westerly air stream. it is very windy. north of england northwards blowing a gale and a rush of wintry showers in scotland and northern ireland and northern england and tonight ice could be a hazard in some northern parts. as we get into tomorrow, it will be a tricky forecast. particularly in the south. we have this boundary between the mild and cold air and we are likely to see some snow developing. we have this front drifting in, bringing that milder air and bringing that milder air a

when we talk about the likes of tesco and sainsbury is and morrisons, it is about how we have changedg it in a different waym is split now. shoppers are now value conscious. they look on line and pick up some goods from some stores and others on line and others from their traditional supermarkets. a next. things may be different. we may actually see positive clothing sales for the first time in a year for mns. they have been through a difficult steer period. good has done well but they are trained to do things differently. —— food. done well but they are trained to do things differently. -- food. all eyes will be on those fashion numbers today. have they finally turned a corner, especially in womenswear. they are trying new designs. hopefully... they will be scared last week after some gloomy figures. but maybe after 15 years mns may be turning the corner. maybe some genuine growth in terms of fashion. debenham, not expected to do great. their core market is going elsewhere. they are much more under pressure. coming back to the point of people shopping in different places. they are su

sainsbury shares are trading higher after it beat third-quarter sales estimates. like for like retail sales excluding fuel rose 0.1%. the u.k. retailer says the market remains competitive and devaluation ofhe sterling remains uncertain. that is the bloomberg business flash. francine: thank you so much. exchanges on central-bank policy are expected to resume when mark carney appears before the treasury committee today. his announcements before and after the brexit vote were heavily scrutinized by lawmakers. the government says it is now considering a pledge to allow european citizens in the u.k. to remain after the country leaves the e.u. >> this is in my view the issue that should be cleared first, or at least very early in the process, because there are a large number of people both in the united kingdom and in the european union will be naturally concerned about their continued position in their respective countries of residence. therefore, it is important that that issue should be clarified, i would suggest, at a very early stage. harrison,rupert strategist at

would big retailers will release the figures, we will hear from tesco and sainsbury is, debenhams, sohe semifinals of the year fell cup. bournemouth say they are appealing the red card given to simon francis and last night the old robert arsenal. francis was shown a straight red by the referee for his challenge on aaron ramsey with eight minutes left as arsenal fought back from three goals down to earn a point. the bournemouth manager described the decision as harsh. chelsea are looking for a record 14 straight victory in the english top flight straight victory in the english top flight in one season, they play totte n ha m flight in one season, they play tottenham at white hart lane tonight and a win would extend the lead at the top of the table to eight points and matt arsenal ‘s top division record four successive wins spread over two seasons in 2002. the game, for sure this is a good team and a strong team, for this reason it is important to try to continue run. leicester and england centre to langley will be out for the rest of the season as a result of any injury he suffered as a