also in the programme: barclays bank is charged by britain's serious fraud office over a loan to thetate of qatar in 2008. and it is a new week on the market and this is how the numbers look... investors keeping a very close eye on inflation and we will explain why. and we'll be getting the inside track on the man who's business is a bit of a mouthful — with the boss of of a mouthguard firm that supplies the england rugby team. and remember you can get in touch with us, about any of the stories we're covering this morning. just use the hashtag #bbcbizlive. hello and welcome to business live. it isa it is a busy show, so let's get started with news that... london city airport has been closed after a world war two bomb was found nearby in the river thames. the royal navy are removing the device. the airport will be shut all day and all flights have been cancelled, affecting up to 16,000 passengers. last year, more than 4.5 million people used london city airport, which is close to london's financial district. our news correspondent andy moorejoins me now. welcome. this is the closest a

it is being investigated by the uk's serious fraud office.s significant because it holds the banking licence that allows it to operate in different countries. 21st century fox has put forward plans to ensure the independence of sky news as it seeks to overcome competition issues surrounding its proposed takeover of sky. including keeping fox running for at least five years and establishing a fully independent board for the channel. discount chain aldi has taken the top spot in a supermarket satisfaction survey. the consumer association, "which? questioned nearly 7000 shoppers. waitrose , previously the number one in the annual survey , came fourth. the number of us shopping on the high street and in shopping centres last month was down but more people went to retail parks. that's according to the latest figures from the british retail consortium. they found there were fewer empty shops, thanks to temporary christmas pop—ups. but they added a note of caution — that planning applications for new shops have fallen for the ninth year in a row. jo

if it is by the serious fraud office. as well. there we are, as if by magic! recovering some of the losses they saw last week and that is what the pound is doing for you against the dollar. on that note, with the american markets, we will leave it there. you're right. quit well you are behind! laughter —— whilst you are behind. that‘s it from your afternoon live team for today — next, the bbc news at five. let‘s catch up with the weather with chris. a lot of sunshine out and about but lurking on the satellite picture this area of cloud to our west, it will be bringing a mixture of rain and some heavy snow for summer us of rain and some heavy snow for summer us overnight tonight. more on that in a second. firstly, the evening forecast. england, wales, scotland, largely clear skies but the wind is picking up in northern ireland, band of rain working in your turning to snow. ahead of our front it gets very windy and gusts could reach 50—60 mph in exposed coasts for a time of night and inland it would be very blustery as well

explain the second leg we are seeing here. >> in june, the serious fraud office in the u.k.e holding company and four of its top executives, including the former ceo, so what has come up now is that the operating company here is being charged as well. all banks receive their operating licenses based off the operating units, so that is why people really care about what is happening to the operating company here. >> on to the fight, comcast mulling another bid after its initial offer was turned down for a deal with disney. >> if comcast wants to come back him a they will be a credible bidder. i think rupert murdoch and 20th -- 21st century fox people prefer the disney deal. one, they believe it has less regulatory risks than a comcast deal. comcast is not the most well loved company in washington, d.c. i think rupert murdoch prefers to own disney shares. he and his family will be the largest owner of the walt disney company, and i think he likes that position better than comcast. >> north korean leader kim jong un has invited south korean president moon jae-in to meet, a drama

s serious fraud office is to charge it over a $3 billion fundraising during the financial crisis.ed margins will grow by less than targeted as the world's second-largest brewer integrates its brazilian business. good morning, welcome to "bloomberg markets." i'm matt miller in berlin alongside guy johnson in london. guy? guy: matt, markets open in 30 minutes. we are seeing a bid in the market that feeds through from what we saw, both in asia and the backend of the session in the united states friday. most sectors are trading in positive territory. basic resources are leaving higher, insurance, health care, auto-parts, construction. a reasonably eclectic mix. indicated,ave already keep an eye on the bond market. that will be a useful clue as to the way the rest of the week will be trading. we are seeing yields pushing higher. let's get the first word news update with sebastian salek. sebastian: the u.s. is ready to engage in nuclear talks with north korea. the comments signal a shift in american policy after pence and the south korean president agreed to a talk during conversations

the serious fraud office is to prosecute barclays bank over a loan of more than £2 billion it gave tol crisis. investigators claim the money was used to buy shares in the bank, which amounts to unlawful financial assistance. barclays' parent company was charged with the same offence last year and both firms will contest the allegations. from tomorrow british tourists will be able to resume package holidays to tunisia for the first time since a terror attack claimed the lives of 38 people at a beach resort in 2015. the first fully—booked flights from manchester and birmingham will be operated by thomas cook. 0ur security correspondent frank gardner has just returned from tunisia with this exclusive report. tunis by night, and a national guard unit prepares to raid a suspected terrorist hideout. since two devastating attacks in 2015, this country has found to stamp out terrorism and make tunisia safe for tourists. well, they've just gone into a house here. we can hear some shouts. we're in a tiny little backstreet, and they're looking for members of an isis cell that has been in libya,

. ♪ >> barclays has said the serious fraud office, the sfo, has brought charges against its barclaysing unit in a case linked to a 2008 fundraising at the peak of the financial crisis. we thought barclays had faced charges on this. explain this second leg we are seeing here. >> in june last year, the serious fraud office in the u.k. charged the holding company and four of its top executives, former executives, including the former chief executive officer. so what has come up now is that the operating company here is being charged as well. all banks receive their operating licenses based on the operating units, so that is why people really care about what is happening to the operating company here. >> on to the fight for fox now. comcast mulling another bid after its initial offer was turned down for a deal with disney. >> if comcast doesn't want to come back they will be a credible bidder. they have a tremendous track record, tremendous support on the street. i think rupert murdoch and 20th century fox prefer the disney deal for two reasons. one, they believe it has less regulatory r

the serious fraud office has brought charges against berkeley's bank for unlawful financial assistanceit took a unlawful loan. the bank's parent company has been charged. if found guilty, the bank could lose his license to operate in different countries. the former ceo of a french oil giant has resigned. genie: the trump administration has plans for the international space station. >> the white house wants to privatize the station. the ministration plans to end but will seek to develop funding for successors. critics point out that handing the station over to private investors will be difficult and could jeopardize u.s. leadership in space. the u.s. has been privatizing low earth orbit for some time so that nasa can focus on deep space exploration. genie: thank you for that. it is time for the press review. let's start in south africa with our top story. the anc is meeting today to decide the future of jacob zuma. >> many south africans cannot wait to see him go. the headline on the front page of one of south africa's most popular tabloids. south africa is impatient. many have long tri

the uk's serious fraud office has charged barclays bank with "unlawful financial assistance" relatedo charge barclays bank as well is significant because it holds the banking licence that allows it to operate in different countries. discount chain aldi has taken the top spot in a supermarket satisfaction survey. the consumer association, which, questioned nearly 7,000 shoppers. waitrose, previously the number one in the annual survey, came fourth. only 2% of parents have taken advantage of shared parental leave. around 285, 000 couples are eligible every year for it, whereby parents can share 50 weeks of leave and 37 weeks of pay after they have a baby, but take—up has been low. the uk's serious fraud office has charged barclays bank with "unlawful financial assistance" related to billions of pounds raised from qatari investors in 2008. the move to charge barclays bank as well as its holding company is significant because it holds the banking licence that allows it to operate in different countries. so, if barclays was found guilty, it could lose that crucial licence. joining us now

the serious fraud office is to prosecute barclays bank over a loan of more than £2 billion it gave toar during the financial crisis. investigators claim the money was used to buy shares in the bank, which amounts to unlawful financial assistance. barclays' parent company was charged with the same offence last year and both firms will contest the allegations. in south africa, leaders of the governing anc party are meeting to decide the fate of president jacob zuma. mr zuma has been resisting calls to stand down, but over the weekend the party's new leader cyril ramaphosa said the question of his position would be finalised today. 0ur africa editor fergal keane is in johannseburg. we've been here quite a few times in the last few weeks but is there any sign ofa the last few weeks but is there any sign of a final decision as to president zuma's fate? not yet but there will be. i wish i could tell you when. they've been talking for over six hours. that's not unusual with the anc and especially the national executive committee, which has 90 members and everyone is entitled to their say. th

s serious fraud office has charged barclays bank with providing unlawful financial assistance to qatari investors during the banking crisis a decade ago in two thousand and eight to avoid a bailout from the u.k. government barclays borrowed more than sixteen billion dollars from kataria backers and other investors under the deal barclays loaned three billion dollars back to qatar holdings the british government says that the loan was used either directly or indirectly to buy shares in barclays and it says that that amounts to unlawful financial assistance the same charges are made against the banks holding company last year for former senior executives have also been charged with fraud the bank says it intends to defend itself against the charges earlier we spoke to robert rhodes who is a barrister specializing in business crime and fraud he described why barclays had to take such action and how it may affect the bank's future. ten years ago our financial system almost went under the british government had to invest over one trillion pounds into banks including something like forty five

barclays bank has been fined by the serious fraud office in relation to a £2.2 billion loan, providedhe bank has been accused of unlawful financial assistance, which is banned in the uk. its parent company barclays was charged with the same a government report suggests politicians and industry leaders have exaggerated the potential of fracking for gas in the uk. the industry said a fracking boom would see 4,000 wells drilled by 2032. but a newly—released document predicts fewer than 200 wells will be constructed in the next seven years. british tourists will be able to resume package holidays to tunisia from tomorrow for the first time since a terror attack claimed the lives of 38 people at a beach resort in 2015. the first fully booked flights from manchester and birmingham will be operated by thomas cook. 0ur security correspondent frank gardner has just returned from tunisia, with this exclusive report. tunis by night, and a national guard unit prepares to raid a suspected terrorist hideout. since two devastating attacks in 2015, this country has found —— vowed to stamp out terrori

the jury at southwark crown court has been discharged and the serious fraud office is considering whethermpson is at southwark crown court. british drivers wasted more than 30 hours in rush—hour traffic last year, according to new research. the report from traffic information company inrix found the uk is the tenth most congested country in the world, while london is europe's second most gridlocked city. the study‘s authors are calling for new technology to be used to tackle congestion. they say congestion is harming the economy. charlotte gallagher reports. there is nothing more frustrating for drivers than being stuck in this. the bad news is, those delays are getting worse. british motorists spent an average of 31 hours stuck in congestion last year. london is europe's second most congested city after moscow. with drivers spending the government of three days every yearin the government of three days every year in trafficjams. something these drivers headed into central london no wall about. two hours per day, i come to london every day, so it's about ten hours per week, 40 hours per m

serious fraud office is charged with providing an awful financial assistance to country invest as during the banking crisis a decade ago in two thousand and eight to avoid a bailout from the government. barclays borrowed more than sixteen billion dollars from country back as and other investors under this deal barclays loaned three billion dollars back to cattle holdings the s.f.o. says that the loan was used either directly or indirectly to buy shares in barclays it says this amounts to unlawful financial assistance the same charges were made against the bank's holding company last june for former senior executives have also been charged with fraud the bank says it intends to defend itself against the charges robert rhodes is a barrister specializing in business crime and fraud voters about why barclays had to take such action and how it could impact the bank's future and that of its shareholders. ten years ago our financial system almost went under the british government had to invest over one trillion pounds into banks including something like forty five billion pounds into r.b.s. and

the serious fraud office believes the loan was unlawful alleging that the money was used to buy sharesearby. all flights have been cancelled or rerouted —— and local residents were asked to leave the area. the bomb was discovered by divers in the thames. police hope to give the all clear tomorrow. kensington palace has announced more details of the wedding of prince harry and meghan markle at windsor castle. the service —— in st george's chapel —— will begin at midday on may the 19th —— avoiding a clash with the fa cup final. 0ur royal correspondent nicholas witchell has more details. they are said to be closely involved in the arrangements for their wedding which is now a little less than 16 weeks away. it will take place in the historic setting of st george's chapel within windsor castle on saturday the 19th of may. the service will begin at midday with the dean when surface heating and the archbishop of canterbury conducting the manage itself. rumoured in the chapel is limited, space for around 800 guests. after the service is over at 1pm, the couple will set off in a carriage proce

the serious fraud office will decide whether there‘ll be a retrial.y, saying he is unfit to govern. he has been replaced as leader of the ruling african national congress party by his deputy, cyril ramaphosa, but has remained the country‘s president. 21 people have been arrested in raids aimed at disrupting a people—smuggling network run by suspected kurdish gangsters. police raided around 20 addresses across england, including in middlesbrough, hartlepool, newcastle and london. the gang is suspected of charging up to £10,000 per head to smuggle migrants in the back of lorries across the channel. british drivers wasted more than 30 hours in rush—hour traffic last year, according to new research. the report from the traffic information company inrix found the uk is the tenth most congested country in the world, while london is europe‘s second—most gridlocked city. the study‘s authors say congestion is harming the economy. 0ur correspondent charlotte gallagher reports. there‘s nothing more frustrating for drivers than being stuck in this. the bad news i

s serious fraud office is charged barclay's bank with providing unlawful financial assistance to cattery investors during the banking crisis a decade ago in two thousand and eight to avoid a bailout from the u.k. government loggers borrowed more than sixteen billion dollars from cattery backers and other investors under the deal barclays loaned three billion dollars back to cutter holdings yes f o says that loan was i used either indirectly or directly to buy shares in barclays says this amounts to unlawful financial assistance the same charges were made against the bank's holding company last june for former senior executives have also been charged with fraud at the bank says it intends to defend itself against those charges we're joined now by robert roche is a barrister specializing in business crime and frauds of isn't quite kind of conflict complicated so for the layman what exactly is barclays done here and why is it deemed to be illegal well i think it's really it sounds very computer savvy quite simple ten years ago our financial system almost went under the british government ha

the serious fraud office accuses barclays of unlawful financial assistance.with the loan the bank got from qatar. former executives had already been charged. barclays says it will defend itself. a private equity firm and a dutch pension fund are making a bid for akzonobel's specialty chemicals unit. the ft says the fund would be a minority: investor alongside apollo global management. the unit could be valued at more than $12 billion. a new deal will ensure that heir press -- airbus keeps producing its a380. the deal has a list value of $16 billion. last month airbus said the program could be terminated if there wasn't a new sale soon. that is your bloomberg business flash. tom: thanks so much. with the zeitgeist over the weekend of all the distractions of the white house, there was no other topic in american economics. that is the budget deficits of the united states of america. it is good to get a view from a distance with francine lacqua. erik nielsen of unicredit group, i would love your thoughts on the chronic nature of deficits. is america becoming like

address the whistle— blowing case, there are issues to address the whistle—blowing case, the serious fraud officet scenario constrain the ability of the bank to pay the dividend but clearly they don't think that will be the case. and now to the markets. the ftse100 is down nearly a percent, they have had disappointing results. anglo american fell 4% following its full year update. though the miner reported a 45% increase in annual earnings and halved its net debt, analysts pointed to the fact that anglo's shares had gained 16% in 2018 ahead of the announcement, on top of last year's 33.6% rally. ba rclays was barclays was the bright spot. go and get some rest and we will see you later. in the past few months, the battle against plastic has been brought into sharp focus, in part thanks to the television series blue planet ii. later today, annual waste statistics will be published. in recent years wales has outperformed the rest of the uk at recycling household waste. john maguire reports. lorry reversing beep it's bin day in bridgend, and on the curbside, a rainbow of refuse. orange bags for cardb

the serious fraud office has been looking into it. has been looking into it. charged the holding companye in other countries which is huge. countries which is huge. although they are playing that down. they are playing that down. have said they have been working with the regulators on this. with the regulators on this. guilty at this level and still kept their licenses. their licenses. are picking this up and wondering what it might mean for barclays. what it might mean for barclays. thanks very much. of president zuma will be decided within 24 hours. following allegations of corruption. was to unite south africans. after the discovery of an unexploded second world war bomb. the device was found in the river thames. travelling this morning. the nineteenth of may. with the fa cup final. will conduct the service. 800 guests will be there. around windsor at one o'clock. iceberg which is, if you can believe it, four times the size of london. from the continent's ice sheet last year. that was exposed when the giant iceberg drifted away. 0ur science correspondent victoria gill has more. antarc