joining us is sophie kilvert, senior investment manager at seven investment management.n ongoing issue for months. they did not look as if the italians would budge but with eu threatening sanctions it looks like there may be a shift. it looks like there may be a shift. it looks like there have been some concessions from the italian side. it did not look like they would be many from the european side. the italy budget was big on spending and they wanted to introduce a citizens income. the eu was not happy with that a particular with the amount of debt that italy has. to keep the european project going there had to be a climb—down and the only one with italy. european investors will be heaving a sigh of relief, mainly because italy was, for many, a bigger worry than the brexit negotiations. we had seen a italian bonds deals. the rate the italian government can borrow out was gradually rising and getting more and more expensive and we should see and more expensive and we should see a climb—down as well. and more expensive and we should see a climb-down as well. let's talk a

sophie kilvert is senior investment manager at seven investment management and shejoins me now.morning. hugejobs going. radical action on the part of general motors. but perhaps this is a company that is having to grasp the nettle. things are changing swiftly for the car industry. that is right. it is twofold. americans are changing the cars they buy as you said. 70% are biting bigger cars which isn't what gm makes. gm has said they are preparing for the future —— buying bigger. does it mean they think the us will slow down? the us economy has been motoring on for quite a few years now, the longest bull market since the global financial crisis. us consumers have been feeling good about the world. is it a signal that things are slowing down and it is the end of that? it is interesting because it is a big number ofjobs, 14,000 because it is a big number ofjobs, 111,000 jobs going across five factories in the united states. as we heard from president trump, he spoke with mary barra, the chief executive, that he was trying to say get back out there. make america great again, expand

let's talk to sophie kilvert, senior investment manager, seven investment management.buy it from a company that you do not know is going to be around in a few months and it is that sort of public city that has put people off. centrica saying the share price falling, it is going to lose them £70 million. that is not a huge amount of money for them. no. it is a reflection of where the energy industry is and the big players, centrica and in power, that have been used to customers flocking to them, that is not the case any more with price comparison sites, smaller players are attracting customers, it is much easier to compare what to pm and much easier to switch. it is a reflection of that and centrica are not going to have the monopoly they once had. rent to own, it cannot but bea once had. rent to own, it cannot but be a good thing that these companies are being forced into line because they have been ripping people off terribly. they have. it is difficult for people trapped in that situation who cannot access normal types of debt and cannot afford to buy things out righ