coming up, we're going to speak to the mark behind method, steven maijoor.mberg. ♪ live from london, i am mark barton. vonnie: i am vonnie quinn. this is bloomberg markets. ho shares ofur roku. julie hyman has details. julie: over-the-top television service, that is why i'm you know me -- vonnie: it is funny post of julie: roku recently went public. valuation is hard to justify. benjamin's wennberg is the analyst behind this. he is downgrading it to an underweight. a pretty steep flash. you just initiated equal weight in october. the price target is at $30 here. he is skeptical on the long-term earnings potential because of, as we do see this over-the-top transformation among consumers, so many people have been cutting the cord. but he is looking at some of the competitors we are seeing out there. he says netflix is not an appropriate company to compare roku to in terms of valuations because he says, for starters, roku depends more on hardware sales that account for nearly half of its revenue. the other part comes from advertising that runs as you are using

. >>> we have an exclusive interview latertoday with steven maijoor from 12:15 cet. >>> next shares areallying after the british retailer raised its full-year profit guidance the company attributed its stronger than expected performance to cold winter weather. next also said it expects the retail environment in the uk to become less challenging over the next 12 months >>> the profit upgrade is giving a boost to other uk retailers. shares in mms are also higher. other retail stocks are also getting a lift shares in ted baker and ab foods are also seeing gains. you can see in front of me, ab foods is up almost 3%. marks & spencer almost up 1.5% following next's positive results. >>> shares in altice are getting a boost as it signs an agreement with m6, one of the most profitable private television channels in france it produces the french equivalent of the x factor and britain's got talent and holds the french license for a number of large u.s. tv series. >>> we've discussed a lot of things if you have any mifid related questions or comments, feel free to e-mail the show, streetsignseurop

we'll be putting that question to steven maijoor, the chairman of the european securities and markets, shortly. and mifid around the world. investors as far away as japan are worried that mifid could stunt the bull run. what will be the global implications of the e.u.'s new rules. welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. "rules & returns" is the show where we delve into the regulatory challenges and opportunities for financial markets across the globe. in this first show of theea

we'll be putting that question to steven maijoor, the chairman of the european securities and marketsestors as far away as japan are worried that mifid could stunt the bull run. what will be the global implications of the e.u.'s new rules. welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. "rules & returns" is the show where we delve into the regulatory challenges and opportunities for financial markets across the globe.

we'll be putting that question to steven maijoor, the chairman of the european securities and marketsid around the world. investors as far away as japan are worried that mifid could stunt the bull run. what will be the global implications of the e.u.'s new rules. welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. "rules & returns" is the show where we delve into the regulatory challenges and opportunities for financial markets across the globe.

from our interview with steven major or -- maijoor.s is bloomberg. ♪ ♪ matt: welcome back to the european market open. i am matt miller alongside guy johnson. you saw our new headquarters there in london. we need to get the bloomberg business flash with juliette saly. uber's former ceo plans to sell out 29% stake in the company. reaps kalanick stands to about $1.4 billion from the transaction with softbank and a consortium of investors. he has long boasted he has never sold shares in the company he cofounded. apple has said all mac computers by ios devices are affected chip flaws. the company added that recent software updates mitigate one of the vulnerabilities known as meltdown. watch,so said the apple which runs a derivative of the iphone's operating system, is not affected. that is your bloomberg business flash. guy: thank you. my eco-screen up to look at the french data just hitting the tape. cpi coming through at 1.3%. number ofrsus the 1.2% previously. this is year on year. figure andliminary matches where we anticipated it woul