tesco is in the middle of a big takeover.hey needed to show great momentum to convince investors to back the deal. it didn't provide that. vonnie: shares are not as high as they were a couple of years ago by any stretch of the imagination, but they had been on quite the tear coming into the christmas period. what happens now? does there need to be a change at the top? >> the key thing that will be approved.e deal gets the shareholder votes are at the end of february. we will have to see how the share price performs up to then. some shareholders are unhappy with the deal. the fall in the share price means the price for booker is lower. you could have two sets of unhappy shareholders. mark: they need this deal. looking at the retail sector in u.k., from what we've seen, give us a general up some. who's winning and who is losing? >> that is all inflation. that is all food price inflation. they didn't have to do anything. the extra money we are spending on food, we are not spending on clothing and gifts. this has a link -- some c

can we start with tesco? how did it do? tesco is emerging as one of the winners.rs. they will never return to their former glory because there has just been too much structural change in the market with the rise of online and discounters. but overall, very strong numbers. the ship has been studied. their turnaround strategy is bearing fruit. they have done a lot to focus on the cost reducing prices and making the shopping experience more pleasant. tesco is one of the winners. what about the losers? house of fraser on that list. its online sales have suffered, haven't they? yes, it has to be bad if your online sales are falling in the run—up to christmas. very few retailers have experienced this. mothercare being the other exception. most places need the online to pop—up falling store sales. that is indicative of current high street trading. the future not looking bright for a house of fraser. department stores have had a dreadful time. fraser. department stores have had a dreadfultime. debenhams fraser. department stores have had a dreadful time. debenhams is clos

tesco's fell short of expectations with a 1.9% rise in like for like christmas sales. lower demand for yegeneral merchandise undercut strong growth in food sales, however they said they were on course to achieve medium-term goals. seems like a good moment to bring in david beedle, from moody's, focused on retail i want to ask you about the uncertainty around brexit. is that the only factor driving some of these numbers that have been less than great >> it's a key factor brexit gives uncertainty for consumers, we had rising prices for -- coming through for the fx headwinds that retailers have faced. those combined with wage growth lagging that inflation means the british consumer is a bit more cautious than perhaps their european brethren. overall in europe we have got a stable outlook for the retail sector but certainly conditions in the uk are tougher especially for established players and especially considering the ongoing shift of demand and purchasing online. >> so given the continued relative weakness of sterling, do you see that turning around in terms of spendin

in the u k, investors were disappointed by christmas sales from tesco.ales rose less than expected. clothing sales were down almost 3%. sentiment is described as fragile and volatile. that is your latest business flash. vonnie: still ahead, our stock of the hour. we are talking a swedish company. hexagon. we will tell you the maker of measurements technology is rising. ♪ vonnie: in new york, i am vonnie quinn. mark: and live from london, i am mark barton. this is bloomberg markets. are stock of the hour is surging after its chief visit give was cleared of insider trading -- chief executive was cleared of inciting trading -- insider trading. julie: this is the best-performing stock in the stoxx 600 today in europe. butgon is based in sweden this was a court case in norway because insider trading allegations had to do with a norwegian company called next biometrics. 's broker hadxagon allegedly bought 2000 shares of next just days before next announced a private placement of shares to roll with holding company green bridge partners. it is convoluted. green

today we will hear from tesco. food will be the driver once again.g about tesco is it has to have a good christmas because it has the vote coming up. last year we had some investors who said the deal is a big distraction. if they don't have a good christmas, they are left open to those accusations of having taken their eye off the ball and that could cause problems when shareholders come to vote probably in february. cfos: they brought in a new . humphrey singer brings great experience with cost-cutting i understand from his former role. is that what we can expect? it just got bigger and bigger under its former chief executive. the new ceo had a go at cutting it. so expect cost-cutting at marks & spencer. manus: let's see what the numbers deliver at 7:00 a.m. get digital radio on the go. we're talking about bonds. anna: coming up on bloomberg television, will opec and allies start cheating on the output production curve agreement? that is next. this is bloomberg. ♪ manus: a live shot of new york, the empire state holding their lighting up in green. f

making sauces for ready meals that are sold in tesco and morrison's. using fake id with someone else's name, he got the job through the gi recruitment company. munir mohammed was planning a bomb attack. there was no evidence he ever had any poison. but detectives say that because of his interest in ricin and his support for is, he did pose a threat to this factory. he certainly was a risk. had that food company known or had we known of his interest in ricin and his link to that food company, we would have ta ken steps to protect the public and to prevent him from continuing that employment there. kerry foods, a global brand, told us: we take every possible measure to ensure the safety and integrity of products manufactured at our facilities. the gi recruitment company which gave mohammed thejob here said... our candidate vetting procedures are rigorous and exceed home office guidelines. they had no idea the man they recruited was also a recruit to is. this couple was stopped by

tesco did well with sales up consumer. tesco did well with sales upjust over 3% consumer.d scotland where the charge has reduced the demand for plastic bags up reduced the demand for plastic bags up to 50% so i think that forces is all to do what is undoubtedly the right thing. thanks. that's it. i think. see you next time. two men are on the run in france after taking part in a smash and grab raid on the ritz hotel in paris. three other members of the gang were caught at the scene — but the pair who escaped made off with an estimated three—and—a—half million pounds worth ofjewels, as dan johnson reports. a large police response outside the paris ritz after a gang, armed with axes, carried out a violent raid. it isn‘tjust the christmas lights that sparkle here. there are jewels on display to match the wealth of the guests at one of the world‘s most exclusive hotels. the robbers arrived in place vendome on scooters at around six in the evening local time, smashing windows on the ground floor of the hotel. it is estimated they tookjewels worth 4 million euros. but police off

bad, wasing up, was it m&s and tesco? we will break down the health of the u.k. consumer, next. from london, this is bloomberg. ♪

marks & spencer has reported a fall in sales, tesco has reported solid growth, but one company whichally had a bumperfestive period was boohoo. the manchester—based online firm doubled its revenues to £228 million, and expects further growth in 2018. joining us now is richard perks, a retail analyst. what is boohoo doing right? well,

but there was good news for tesco. the show‘s over, we've moved on.or retailers is only now becoming clear. so who are some of the winners and losers? tesco has done well, with sales up today, so have many of the other grocers. but food sales, usually a bright spot for marks & spencer, went into reverse, and there have been profit warnings at debenhams, mothercare and moss bros. things are certainly more challenging here on the high street. take house of fraser, a business under pressure. it saw another fall in sales today. and you don't have to go far to see how the gap between the weaker and the stronger players is widening. here atjohn lewis, it's had no problem pulling customers in. it's one of the winners today. there's a sort of slight air of caution about people's attitudes, for all sorts of perfectly understandable reasons, but there is demand there. you just have to go and find it, and you have to create the conditions where people want things, and of course that comes down to having fabulous product. and it actually means you have to be outs

let's start with tesco, that is one we a lwa ys start with tesco, that is one we always watch.d news is that tesco. marks & spencer, different story. we have talked a lot about clothing at sales falling at marks & spencer. clue —— food savings have propped them up, but now the double whammy, both are down. we have come to expect falling figures in the sales market, marks & spencer have been out of touch with consumers for a long time. their real worry is the falling food sales. christmas is a time of year when everybody trades up to premium foods, and it should be a time of year when marks & spencer does very well in foods. but the decline in sales, especially an inflationary and diamond, is a real concern and assign shoppers have gone elsewhere for premium foods. speaking of elsewhere, i want to talk about house of fraser. we have had an update from them this morning. a tough time to them. sales down 2.9%, the bosses call at disappointing. the future looks tough. yes, all department stores are having a difficult time at the moment. amadeus, debenhams are closing stores. i don'

imagine for quite a lot of checkout clerks, who think myjob won't even be needed. 1200 job cuts at tesco in customer care for stop people on the shop floor being replaced by, robots. there are 900 newjobs, replaced by, robots. there are 900 new jobs, they say, replaced by, robots. there are 900 newjobs, they say, but a lot of jobs going. we are not saying amazon should not do this, this is technology, and it must go on, but those people at davos need to address what the impact is on that. now donald trump has been quick to dismiss michael wolff's book as a tissue of lies and fake news but it seems it's being used as a way to sell even more copies of fire and fury. take a look at the window display of a major book shop

tesco, waitrose and john lewis all saw a jump in sales.ave more on this in a moment. it looks like one of the country's old est it looks like one of the country's oldest amusement park has been saved. dreamland in margate went into administration but looks like it has secured 35mm and of investment which will save more than 250 jobs. foreign students are worth an astonishing £20 billion to the economy, according to the higher education policy institute. it says this benefits almost every part of the economy — and any fall in their numbers would hurtjobs. let's go back to those mixed fortu nes let's go back to those mixed fortunes for the big retailers over christmas. marks & spencer has reported a fall in sales, tesco has reported solid growth, but one company which really had a bumperfestive period was boohoo. the manchester—based online firm doubled its revenues to £228 million, and expects further growth in 2018. joining us now is richard perks, a retail analyst. what is boohoo doing right? well, they brought a smaller company, pretty l

that is tesco.will be a bit week. , morganspencer's stanley's says that is routine which is nice. common clothing is down 2.8 compared with three. the food is a slight beat, estimatesown against of minus one. the guidance has unchanged. boo-hoo.com. are enjoying themselves. 90%ing their guidance to from 80%. estimates have been increased. matt: what do they sell? >> it sells clothes. access the stocks news with fris. on your lumber terminal. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. the a minute to go until start of cash trading. let's talk about the background futures. it is trading off session

tesco has done well, with sales up today, so have many of the other grocers.pencer, went into reverse, and there have been profit warnings at debenhams, mothercare and moss bros. things are certainly more challenging here on the high street. take house of fraser, a business under pressure. it saw another fall in sales today. and you don't have to go far to see how the gap between the weaker and the stronger players is widening. here atjohn lewis, it's had no problem pulling customers in. it's one of the winners today. there's a sort of slight air of caution about people's attitudes, for all sorts of perfectly understandable reasons, but there is demand there. you just have to go and find it, and you have to create the conditions where people want things, and of course that comes down to having fabulous product. and it actually means you have to be outstanding at online and shops. this small but fast—growing online retailer is doing very nicely with shops. very nicely without shops. and is expecting to grow sales by 90% this year, but some are predicting proble

the likes of tesco and sainsbury‘s are not too worried.ty of their geographical overlap is with this cou nters geographical overlap is with this counters and as that, rather than tesco sainsbury‘s, so not a particular thread at the moment. —— asda. as we mentioned, morrisons says up 5% today. speaking of christmas cheer, on our web page, majestic winds say their sales were up majestic winds say their sales were up 3.2% compared to the same time last year. and a big update from persimmon, the house—builders, reporting an increase in revenue, it says up 9%, that will anger many people who say that the big house—builders are sitting on land and keeping prices artificially high, an accusation they deny. will be getting more results as the progresses, many retailers coming out with their numbers, and we will get a picture of what is going on in terms of where we have been spending money. food and string sales, the essentials, but less money to spend on other goods. —— food and drink. food has been more expensive partly because of the impact of

tesco's done well with sales up today, so have many of the other grocers. reverse, and there have been profit warnings at debenhams, mothercare and moss bros. things are certainly more challenging here on the high street. take house of fraser, a business under pressure, it saw another fall in sales today. and you don't have to go far to see how the gap between the weaker and the stronger players is widening. here atjohn lewis, it had no problems. pulling customers in. it's one of the winners today. there's a sort of slight air of caution about people's attitudes. they're not coming in for all sorts. for perfectly understandable reasons. but there is demand there, you just have to go and find it and you have to create the conditions where people want things and of course that comes to down to having fabulous products. and it actually means you have to be outstanding at online and shops. boohoo is a small but fast—growing online retailer, which is doing very nicely without shops. ...and is expecting to grow sales by 90% this year. but some are predicting prob

despite problems with their turkeys, tesco's christmas sales were up.rks & spencer, their premium product, but this christmas quarter sales went into reverse. there is food inflation and we also buy a lot of food over christmas because of entertaining and just eating, so it is very disappointing that marks and spencer hasn't matched the rest of the grocers and i think it's a lot to do with its competition producing very good premium ranges at low prices so it is up against a challenging market, and its clothing hasn't been doing well either. christmas feels like a long time ago now. for retailers, it can be make 01’ now. for retailers, it can be make or break. 0n the high street it's been incredibly challenging. consumers have less money to spend. house of fraser has been really feeling the pressure. it has seen another fall feeling the pressure. it has seen anotherfall in feeling the pressure. it has seen another fall in sales today, but as ever there are winners and losers and this one is in the winner ‘s camp. there is demand there, you just have to

he was in the kitchens, making sauces for ready meals that are sold in tesco and morrison's.one else's name, he got the job through the gi recruitment company. munir mohammed was planning a bomb attack. there was no evidence he ever had any poison. but detectives say that because of his interest in ricin and his support for is, he did pose a threat to this factory. he certainly was a risk. had that food company known, had we known of his interest in ricin, and his link to that food company, we would have ta ken steps to protect the public and to prevent him from continuing that employment there. kerry foods, a global brand, told us: the gi recruitment company which gave mohammed thejob here said... they had no idea the man they recruited was also a recruit to is. this couple was stopped by the police and security service mi5. they will be sentenced next month. the bbcjournalist carrie gracie has stepped down from her role as china editor because, she says, she doesn't want to collude in a failing pay structure, which discriminates against women. in an open letter addressed to

the tesco clu bca rd getting the money off.uy nine cups of tea and you get the 10th one free. but lots of them are a little bit meaningless.” 10th one free. but lots of them are a little bit meaningless. i think the loyalty cards are worth having but instead and off the paper vouchers they should put the points on the cards when you use it it's easier than keeping bits of paper. some companies do and some don't. we don't use them because different outlets use different ones for different items. i suppose if you go to the same place it's worth it. with me is the editor of loyalty magazine. let's talk about the use of loyalty cards. they've been around a long time. 20 years. that's what is so staggering. we've got so used to using them. i pose the question at the beginning, whether this is the end of the road, the protests against the tesco changes would suggest not. absolutely not. customer loyalty is crucial to any business and it isn't going to go away any time soon. what will change is the way customers persuade... companies

tesco has done well, with sales up today, so have many of the other grocers.nings at debenhams, mothercare and moss bros. things are certainly more challenging here on the high street. take house of fraser, a business under pressure. it saw another fall in sales today. and you don't have to go far to see how the gap between the weaker and the stronger players is widening. here atjohn lewis, it's had no problem pulling customers in. it's one of the winners today. there's a sort of slight air of caution about people's attitudes, for all sorts of perfectly understandable reasons, but there is demand there. you just have to go and find it, and you have to create the conditions where people want things, and of course that comes down to having fabulous product. and it actually means you have to be outstanding at online and shops. this small but fast—growing online retailer is doing very nicely without shops. and is expecting to grow sales by 90% this year, but some are predicting problems for the high street ahead. this is going to be the year of retail distress. we

star made fielder to buy a new nick at the end of the season going into much day nineteen domenico to tesco side have won just once in their last six bundesliga much as their opponents this weekend and over headed by former royal blues coach andre brighton writer have had a decent return to the top flight and a win for them would move them within a whisker of a european place. scott might have expected a warm welcome back after three months on the site lanes instead chokers fans unveiled a banner that sold the barbara starr exactly where to go but it's good that scott was the villain of the piece new man market so was the hero the general saying from event to speech elkan for the t.v. turn and finish after just sixty minutes. in the second period things started to come unstuck for shelter. look at scott was subbed off to a kickoff and if whistling. an over crept back into the game yes girl fehrman looked to have sealed the points for shell kit with this double c. on seventeen minutes. but nicklaus fuku hung over have a striker who is buying one form he followed last week's hat trick with th

sexual abuse made against former team doctor larry nassar. 0ur business story on the bbc website, tescoits branches and warehouses as part of its turnaround strategy for the company. want to bring you a bit of breaking news, charing cross station here in london will remain closed as a precaution until further notice because of a gas leak in a nearby road. around 1,500 people were evacuated from around the area last night and currently the cause of the leak is not yet known. now it is time look at the stories that are making the headlines in media across the world. we begin with the front page of the guardian here in the uk. its lead story has a worrying warning — it says a destructive cyber attack on britain's infrastructure is expected within two years, so say the bosses of the national cyber security centre. to the business pages of the south china morning post, and it reports that we chat‘s store in shanghai with no checkout or cashiers, had more than 30,000 customers over the weekend — outdoing rival amazon's unmanned shop. "if you're obese at 11, you'll be obese for life": a worryi

--ks & spencer and tesco tesco down the most since june.sing,food results comp sales rising, just under 2%. marks & spencer beat sales estimates, but unchanged guidance. xerox said to be in talks for a major deal with fujifilm. it could be a complete change in control over a xerox. this comes after that resurgence in kodak. kodak now has been going. -- bitcoin. david: i'm cynical about this. they missed out on digital, so now, they are jumping on bitcoin. alix: fourth-quarter earnings revenue higher than analysts guidance. net new orders rose by 2%. a strong number for kb home. tomorrow, we get the all-important jpmorgan at 61 45, wells fargo at eight -- jpmorgan at 6:45, wells fargo at 8:00. david: it's going to affect their estimates going forward. we've already seen a lot of bank earnings take a right down. alix: they will look through the noise. what are they going to do with the money they will make from tax reform? are they going to fight deposit data? are they going to pass that consumers to get more business? are they going to use i

the co—op and tesco, for example.ns no longer using an indestructible material for things we only use for a moment and that end up in our oceans. a moment and that end up in our oceans. that comes back to producers and manufacturers of plastic being forced to look at different materials and dramatically change the way we think about plastic. lots of work for greenpeace to do. thank you very much. in a moment a summary of the business news this hour but first the headlines on bbc newsroom live: 68 top accident and emergency doctors write to the prime minister saying winter planning in the nhs is not up to standard and risks patient safety. theresa may pledges to eradicate all avoidable plastic waste by 204. all avoidable plastic waste by 2042. green groups say the plans need legal guarantees. robbers armed with axes make off with millions of pounds ofjewellery from the ritz hotel in paris. in the business news... it's super thursday for the uk's retailers, with a number of big hitters announcing their christmas results

london's of the one hundred manage close up all those shares of the retailers marks and spencer and tesco dropped seven and five percent respectively attacks down about two thirds of one percent. minutes from the european central bank's latest policy meeting revealed an upbeat outlook which could translate into the winding down of its massive stimulus program for the eurozone. that's called the euro a surge of about three quarters of one percent against the dollar. here in front negotiations of the guns reform the costly unemployment benefits system. president emmanuel michael wants to bring the benefits fund under state control. is also outlined proposals to extend the benefits to self employed workers or people who quit their jobs to set up their own companies. unions and employers groups have asked before their own suggestions by early next month. the government meanwhile is threatening sanctions on a dairy manufacturer and a number of supermarkets as a food safety scandal continues to deepen. like tell us recall the product in december because of the risk powdered milk could be contam

freddie: one of the other stocks is tescos.a positive story for the next five or 10 years in the u.k. supermarkets. some of my portfolios are invested in high-grade companies, but i do like having these more corporate restructurings at this stage of the market and things like the tescos, it has done a phenomenal job of improving suppliers, cutting costs. whying its costs in store 6% while increasing margins. it shows you how more viable they are making that business. largest online areery and the world and positioned for what will be a large portion of u.k. retail, which is food retail, proven to be difficult to disrupt why amazon and businesses that have yet to find a solution are positioned for what will to comt this. they are trading cheaply. guy: i want to bring up this chart, the bank stocks. they have taken another big leg higher. netflix seems to be gaining the they have continued the upward trajectory. will this end, why you still prefer google? i prefer alphabet because it is the cheapest in the group, it has a wonderf

there has been...queries as i've walked past people, especially one in tesco's.e been lucky that i haven't come in contact too often. there was a woman who was saying she had problems, she'd been to the doctor for this and that, and i'm thinking... she sniffs. ..and i got nearer this person and nearer this person, and i knew she had parkinson's. you knew she had parkinson's. yes. from what she was saying to her friends about what was happening to her, and i got close enough. but, ethically, you think you can't do anything? well, we had the discussion, if... you were her gp and this woman turned up and said, "the woman who can smell parkinson's tells me "i have parkinson's," it's not going to bode well for them, and it wasn't going to bode well for us and the research either. i know. it's terribly difficult. i live with it, but it's terribly difficult. that fact thatjoy can't warn people makes it even more important to her that her ability leads to a reliable test, a test that could diagnose parkinson's early. in an unassuming industrial park outside cambridge, jo

despite a few problems with their turkeys, tesco's christmas sales were up.e well. there is food inflation and we also buy a lot of food over christmas because of entertaining and just eating. so it is very disappointing that m&s hasn't matched the rest of the grocers and i think that's a lot to do with its competition producing very good premium ranges at low prices. so it is up against a challenging market, and of course its clothing hasn't been doing well either. christmas — it feels like a long time ago now. for retailers, it can be make or break. here on the high street it's been incredibly challenging. consumers have less money to spend. house of fraser has been really feeling the pressure. it has seen another fall in sales today. but, as ever, there are winners and losers and this one is in the winner's camp. there is demand there, you just have to find it and create the conditions where people want things and of course that comes down to having fabulous products. it means being brilliant in terms of the experience people get in your shops has never be

it seem like the didn't like the round house and had to abide in frustration for demand a coach to tesco to abide seagrave the winter break in freezing germany and they look to have called shelter coals. for him and they didn't treat one on seventy one minutes and ask how it stands above to disco pictured it all differently but for hasn't had to land leipsic did new year has indeed frost enough and that's ok with that team tapping the team was happy. instrument of the future striker there's nothing better than to come out of the winter break with a score a goal straight away especially because i didn't do so well at the end of the year and in the us why it's great that i scored again but also that we finally won again no one is assuring us anything. shall go on the other hand have to get up to speed in a hurry. nothing hope is a godless of whether we want to last today we have to learn from the proof after each game i think it deserves to win today we have to accept that but we also have to examine why they deserve to win today. and send a phone book in this hope for them as they did sha

chief executive of compass, the largest catering group in the world, he was a former board member of tescotire in march. he died alongside two sons in their early and mid— 20s. also on board, emma bowden, she was mr cousins beyonce and she died alongside her 11—year—old daughter, so the police trying to establish how and why this accident could happen on a routine flight accident could happen on a routine flight from jerusalem bay to sydney harbour —— miss the cut‘s brother. scores of people who had travelled to liverpool to celebrate the new year have had to spend the night in a temporary shelter after a fire in a multi—storey car park next to the city's echo arena destroyed more than 1,000 vehicles. steve saul reports. the fire is thought to have started in one vehicle on the third floor of the car park will stop emergency services arrived within minutes but the flames quickly spread to other floors. police say 11100 cars had been destroyed. up to 4000 floors. police say 1400 cars had been destroyed. up to 4000 people are thought to have been left stranded in the city. the arena on the ci

earlier this week tesco announced that it was cutting some of its clubcard rewards — and then quicklypers using cards and collecting at 2.a5pm on afternoon live and there's more on this story on our website. china's economy grew by 6.9% in 2017 according to official data — the first time in seven years the pace of growth has picked up. the figure beats beijing's official annual expansion target of about 6.5%. china is a key driver of the global economy — but many china watchers believe the gdp numbers are much weaker than the official figures suggest. intel warns that data center computers containing newer chips may reboot more often than normal because of problems with the patches it's issued to fix the so—called, spectre and meltdown security flaws. intel says it has issued patches for 90% of it's chips released in the past five years but that the company had "more work to do." nintendo has unveiled its latest release, and it's a little less high—tech than you might expect. dubbed labo, it is a series of diy accessories for the hit nintendo switch console which are made of cardboard

what are these negative consequences of breaks it that tesco it was referring to that. well it might be the fact i lose my job in twenty nineteen i won't be in any pay anymore accounting of any opus apart from the fact that once we leave the rest of the countries in the european union will think well now the fifth biggest economy in the wales left what's in the photos where we're now having to pay more and we're getting less and we have less democracy you know well perhaps we should follow the united kingdom out to the exit door and then mr tosca mr juncker will follow me to the unemployment desk. that are happening colas for another referendum haven't they in a recent poll suggested that fifty five percent of people would now vote remain if they had the chance again what you think tipped the balance. you know most of the polls the overwhelming number of the polls say that we would actually vote even more conclusively to leave this must have been a rogue poll i've never i've certainly never seen it and the people i speak to in the united kingdom are more determined than

of lucozade, who i will be visiting myself later this week to see in more detail, and ribena, and tescons of tonnes of sugar. i think this is a crucial step forward towards our children's health. as data shows us that sugary soft drinks are the main contributor of sugar in our children's diets. steve brine. the government has been challenged in the lords over the protection of women's workplace rights after the uk leaves the european union. the minister said there had been a clear commitment to protect those rights. other peers were more sceptical. i am not sure i am convinced with his re—branding of the government as a champion of equality and workplace rights. their lukewarm response to the recent house of commons women and equalities committee report on this very subject speaks volumes, my lords. will the noble lord the minister accept that british women facing discrimination in accessing their maternity rights for instance at work, and his own government figures bear this out, that there are thousands of women who do face discrimination in this area? would they have a better future

player and their majority their geographical overlap is with the discounters and asda, rather than tescotheir share prices is one of the highest on the board. sainsbury‘s are rising off the back of the good news from the morrisons, we'll get their figures later in the week. and persimmon, the york—based house—builder are expecting a modest rise in sales. nine people have been arrested after a series of raids on properties in teesside and yorkshire this morning. over 150 police officers were involved in the simultaneous operations , which were part of a crackdown on people trafficking and sexual offences joining me now is our north of england reporter fiona trott. i understand that these raids were carrying out after young woman who had themselves been trafficked? reported their cases to the police? the police said they were given information a year ago which led them to believe that young women from the quayside area were being trafficked to addresses in the north—east of england and south yorkshire —— teesside. north—east of england and south yorkshire -- teesside. they were raped by se

he was in the kitchens, making sauces for ready meals that are sold in tesco and morrison's.se‘s name, he got the job through the gi recruitment company. munir mohammed was planning a bomb attack. there was no evidence he ever had any poison. but detectives say that because of his interest in ricin and his support for is, he did pose a threat to this factory. he certainly was a risk. had that food company known or had we known of his interest in ricin and his link to that food company, we would have ta ken steps to protect the public and to prevent him from continuing that employment there. kerry foods, a global brand, told us: the gi recruitment company which gave mohammed thejob here said... they had no idea the man they recruited was also a recruit to is. this couple was stopped by the police and security service mi5. they will be sentenced next month. june kelly, bbc news. the prime minister has been carrying out a reshuffle of her cabinet, with a few new faces, but so far, the changes appear limited. the immigration minister, brandon lewis has been named as the new conse

what is going on at tesco? it is pa rt what is going on at tesco?les of various is to do with changing the roles of various managers is to do with changing the roles of various managers in shop floors and warehouses but the bigger story is the kind of pressure that all of these supermarkets are under. sainsbury‘s announced 2000 job losses in october. these losses are coming from changing shopping habits, people changing the way they shop, often small shops and more regularly. and the likes of algae and little —— and the discounters are taking away the business but on the other hand they are still holding their own. the tesco figures at christmas were not too bad and sainsbury did reasonably well. it is not all doom and gloom but they keep on cutting away at the jobs and streamlining and restructuring their businesses. and talking about car insurance, anybody who drives... i havejust talking about car insurance, anybody who drives... i have just had a look at mine! it has gone up!” who drives... i have just had a look at mine! it has gone up! i have

interest rate they choose and that varies the net present value of your liabilities hugely if you look at tescoonly recently they changed the discount rate from 2% to corporate bond yields which added another 1% that had an impact of 2 billion pounds how do they get away with that >> the pensions regulator takes the view that it is acceptable for companies to exercise discretion over the discount rates used on pension schemes to reflect characteristics of their schemes. the aggregate deficit is around 80 billion it has been as high as 400 billion a couple years ago so the numbers today look better than previous. but these are slightly theoretical numbers, depending on which assumptions you use separately from all of this there's a strong government desire and on the part of the pensions regulator as well to try to distill down the number of schemes there's around 6,000 in the uk a couple thousand of them have a hundred or fewer members the nature of these schemes is such that there's a view now we need better governance, fewer, bigger, better run schemes >> i have come back to the uk a couple y

previous quarter with like for like sales up 2.8% expectations for the full year remain unchanged >>> tesco was the best performer among the major supermarkets over the christmas period. that's according to data from neilsen which saw the supermarket grow 3.4% over the last year. it held on to its share as morrisons and sainsbury's posted slower growth numbers. i want to come back to mike bell, global market strategist from jpmorgan asset management it seems like the grocers are doing okay but non -- all spending excluding food, not such a happy moment for the british public. where do you see that going in terms of consumer spending and the british economy? >> what's really notable, when you look around the world, in europe, you have some of the strongest consumer confidence since 2001, strong consumer confidence in theu.s., and in the uk consumer confidence has been doing a nosedive. you could make the case that's because of the squeeze on wages and over the course of the year that should ameliorate perhaps we're at the worst point for consumer confidence. certainly if you look at it at th

european indices so the german dax is at least extending yesterday's losses into the early going today tescohares lower after missing christmas forecasts. one of the large uk retailers, pandora had shares down sharply after profit margins will decline for several years. >> fascinating to see banks outperform yesterday as yields rose let's look at bitcoin. tumbling on the news that south korea is planning to ban trading of the currency. it is down about 8% or so this morning. the mid 3,000 level. as for broader currency markets, the dollar softened. mainly because of such a big move upwards in the dollar/yen the yen was higher by over 1%. it was the spark for higher yields globally. yields rose in japan more than they did elsewhere the yen reacting more to the upside today as you can see, we have a bit of dollar strength against the british pound and the yen. the euro is flat euro has pulled back from some of its recent highs. >>> checking in on commodities a look at the price of wti as well as brent oil. you can see here that we are slightly higher. brent is higher by 0.4% -- or wti is highe

tesco raised almost 2%, but forecast for dvds and computer games offset sales marks and spencer saw declinesthe christmas quarter also off to a slow start due to unreasonably cold weather in october. sainesbury with upbeat results for the week denmark's pandora among the retail laggards saying it expects profit margins to decline over the next few years due in part to a challenging environment in the united states uk home builders also in the red today, led by barratt, which reported flat sales, stock down nearly 3%. on the geopolitical side, european leaders are calling on president trump to uphold the current iranian nuclear deal, saying sanctions should remain lifted of course, we await to see if this has influence on the white house's decision, which is expected soon. guys, back to you. >> thank you, seema. >>> president trump, meanwhile, taking a shot at e-talers. here's what he had to say last night. >> make sure the internet, they are going to have to start paying sales tax it's very unfair what's happening to our retailers over the country that are being put out of business. >> we di

we saw tesco coming out cutting jobs, the market likes what he hears.ll be interesting to see how it pans out over the day. this announcement has been expected for some time. there are a lot of comparisons to be made between where carr tesco.s to laggard.a they have needed to do something for a long time. it is not surprising they would have this huge investment and how do they pay for it, with jobs. of jobs are going to go here in order to save money to fund the investment they need. paul, we have easyjet, first-quarter revenues surge, they are interested in parts of alitalia. we know they were interested in pieces of air berlin. airlines are doing fairly well today, but what is the specific story with easyjet? manuel: -- paul: so another new ceo.- easyjet also has a new ceo. he has come in and replaced caroline mccaul. the first-quarter revenue performance is pretty decent, i think shares are trading about point -- 4% higher. they also announced today that the chief commercial officer p duffy is leaving the company. see.ll be interesting to ay: the fu

tesco and waitrose already use this machine. already use this machine. completely viable to kill these a bbc team decided to test this with two groups of people. which adds up to around 1. story, you can watch the truth about getting fit, tonight at 8pm. getting fit, tonight at 8pm. received this tweets: i retired in 2016 after a breakdown. 2016 after a breakdown. teacher for 38 years, first in england then wales. england then wales. the constant changing of the curriculum. curriculum. it has allowed for headteachers to be bullies. headteachers to be bullies. thank you for watching. you for watching. the bbc newsroom live is next. hi there. it is a cold and blustery day across many parts of the uk. day across many parts of the uk. areas, and some of those are pulling us know. this is done this morning. round in the north—west, with a few thunderstorms. thunderstorms. could be wintry, even down to low levels. levels. it feels cold, 3—adc in the north, 5—7dc in the south. north, 5—7dc in the south. feel colder than that because of the wind. wind. element, a bit of sleet and snow perhaps.

in kerry foods in burton—on—trent, in the kitchens making sauces for ready meals that are sold in tescoas planning a bomb attack, there was no evidence he ever had any poison. detectives say because of his interest in ricin and his support for is, he did pose a threat to this factory. he certainly was a risk, had that company or we had known in his interest in ricin and link to the food company, we would have ta ken steps to protect the public and to prevent him from continuing that employment there. kerry foods, a global brand, turned down our interview request. the gi recruitment company which gave mohammed the job here said. they had no idea the man they recruited was also a recruit to is. with his girlfriend, rowaida el—hassan, munir mohammed formed a deadly partnership. the security service m15 and the police thwarted this couple's plan to cause carnage on the streets of the uk. june kelly, bbc news. let's speak to our correspondent jeremy ball who's in derby for us. this couple lived in the area where you are, what local people saying? well, real shock here on leopold street. i ha