a good set of figures from tesco. raising that operating margin and it is almost done it, a year earlier, dave lewis, the ceo, very impressive. and yet at a time when we are told it has never been more competitive, sainsbury‘s and asda vying for that tie—up to try and deal with the competition from the low—cost rivals, we have seen the low—cost rivals, we have seen the low—cost rivals, we have seen the low—cost rivals eat into market share, we have seen the m and s and ricardo deal potentially go through, it isa ricardo deal potentially go through, it is a tough time to be a grocer —— ocado. if you are tesco, you are being attacked on all sides and struggling to keep up with the online specialists like ocado but you have the discounts, algae and lidl, still expanding and looking to expand, so it is difficult to see a way through —— aldi. expand, so it is difficult to see a way through -- aldi. so what could potentially be the way forward for tesco now? tesco have a lot to be happy about, obviously the numbers show tha

do you know why i miss tesco? ipo that we will bring you in the bit of a flash price on. 's a.p. international orders come in -- ipo orders tenths per share. this is part of the msnbc family. this is the ipo we have been waiting for. .hat is the pricing if you want a bit of payment process, get on board. what have we got? i will get back to dubai tonight. the bloomberg abu dhabi investment in 19. we have got the interviews -- 2019. we have got the interviews, more to come. up for anheading exclusive conversation with the chairman of aberdeen standard investment to talk about the roadmap to success for asset managers. everybody is reviewing what they are doing. you will be able to pick up that continued conversation on lake go -- live goat. -- go. nejra: i cannot wait for that. let's get back to some of these tesco lights. the red headline -- lines. the red headline, fourth quarter like for like u.k. sales up 1.7%. the estimate was for an increase of 1.8%, so is like this, but tesco is confident that full-year prof

tesco has reported a jump in profits today and the share price looking pretty healthy.o as part of efforts to streamline, lots of expansion plans as well this year, including offerings from buca and jax, it has about eight stores in tesco, a discounted range launched to rival the likes of aldi and lidl. also, we mentioned this in the headlines, shares plunged after the us department ofjustice charged this drug company with a—list marketing. accused of conducting illicit schemes. share price has taken a bit ofa schemes. share price has taken a bit of a battering as a result. they've stripped nearly naked in the house of commons and are now planning to blocklade london. protest group extinction rebellion have been making headlines in recent months to spur the government into action against climate change. they plan to shut down london in what they're calling a full—scale rebellion next week. reporter catrin nye has been given access behind the scenes as the group prepares to disrupt the capital next week. late night in east london. these signs are being illegally fly post

minister tells cnbc his country is ready for any brexit end result >> we are well prepared for both >>> tesco rises after reporting a better than expected full year profit and hiking its dividend, but the british grocer says market conditions remain uncertain. >>> and a u.s. indictment weighs on indivior. an illegal marketing scheme began before they spun off back in 2014. >>> well, good morning welcome to "street signs." european markets this morning trading higher despite a soft handover from wall street yesterday as well as another downgrade to those global growth forecasts from the imf investors today largely in wait and see mode it's a big day for monetary policy with the fed march meeting minutes coming out layer today, and before that we have the ecb meeting here in europe on top of all that, politics remain front and center as well with brexit taking focus we've got that emergency e.u. summit taking place later today where we'll look for guidance on what the e.u. decides to do with regards to the length of the extension that the u.k. has requested to the april 1th brexit date, which s

tesco has announced that its pre—tax profits for the year are up 28%.ave lewis, says he's "very confident" for the year ahead, and "delighted" at improvements across the business. joining us now is bbc business presenter dominic o'connell. this figure, 28%, it really fits with the hopes and ambitions that tesco had, this turnaround plan, after pretty tough times? some very dark times for tesco, five years ago they had a string of profit warnings, then an accounting scandal that led to them admitting they had artificially inflated their profits. dave lewis was recruited from unilever, coming in as chief executive. he's done a lot of things in the intervening five years. he sold a lot of the international operations, he let go thousands of people in the back office and the head office. and he squeezed supply is pretty hard. all of this is now coming to fruition. he said today, along with this big jump in profits, that he was about to meet all of the goals he set five years ago for the plan. very nearly job goals he set five years ago for the plan. very ne

perhaps alluding to tesco's takeover of booker what makes this one so different?> i'm not sure that i agree with that. when you look at the reviews to look at the impact much mernler on kperks the impact on customers, shoppers, the impact on prices, we have used an approach which is very well suited to the grocery sector we've used that in previous retail mergers, and which was actually advocated by the parties themselves i don't think that we would expect what we've done in this merger assessment is out of line with what we've done previously. >> was there absolutely nothing that could have been done for you to approve this deal >> our job is not to approve deals for the sake of approving, but rather to look independently at the impact of mergers on competition and through that the impact on customers and consumers. >> thank you very much for joining us this morning for that further detail >>> let's get back to deutsche bank, customers bank we have official comments from deutsche bank. deutsche bank and commerzbank are discontinuing their discussions. deutsche wi

, sainsbury‘s, morrisons, asda, tesco, sainsbury‘s, morrisons, asda, tesco, waitrose, so they're sayingd and more than 500 wounded in the blasts. for the latest, let's speak to our news correspondent nick beake, who is in colombo this morning. bring this up to date with the latest developments. sri lanka remains a country on high alert, and we can tell you this morning there has been a number last of some sort out to the east of the city of colombo —— another blast. to stress, then were no reports of anyone injured or casualties. it's not clear what has happened but it seems there has been some sort of explosion on vacant land next to a magistrates' court. not clear if it was a controlled explosion or if this was a device that went off but it's been an extremely busy morning for the security organisations here and there have been various false alarms and for a time the national bank was shot down and all employees we re bank was shot down and all employees were on lockdown. that has now been lifted but it does add to a general sense of unease and more than 7000 soldiers are at the foref

tesco maintenance, a unit of tesco in g4 health services.other side of it many ftse 100 companies, women are still being paid well under men. hsbc, -61%. last year, when we learned of this data, it was any insight to some of the embarrassment of these companies for how the disparities are so large. since then, we've seen a lot of companies make pledges. but many say it takes time. anna: the chart is overwhelmingly in the red, isn't it? thanks, annmarie hordern. don't forget, terminal users can interact with the charts we use here on bloomberg. many find it is a great library to go to to revisit some of the charts we are using we will bring you more charts next. this is bloomberg. ♪ anna: welcome back to the european market open, equity markets to the downside today. an underperformer down by .6%. matt is going head-to-head with alex lovely in the battle of the chart. i've in a bid to win, taken my inspiration from a chart that you sent around to the group last night. you are looking at s&p 500 earnings revisions, amazed at how much they had

the purchase tesco have been hurt across the country and also at this plaza that's been demonstrating for weeks holly jealousies beautifully to step down. that we are happy with would have because of resignation. it's the power of shame the elites have to go they must all even they must be held accountable. this is the moment demonstrators had long waited for a t.v. station broadcast images it set showed the president handing over his resignation was. the beginning of the end of what a flick his political career came six weeks ago when he announced he would seek another term in office the eighty two year old had to drop his plan after sparking nationwide protests. but pressure continues to mount on him. on tuesday beautifully kerry agreed to step down after the country's powerful army demanded his immediate resignation. how decision is clear. and there is no turning back. we will support the people until their demands are fully and completely satisfied. as to departure of put if we can enough to satisfy algerians a lot of demonstrators signaled they don't just want him out they want t

it's also affecting other supermarkets too, tesco and ocado.ction stocks after it warned that the cost of building houses was going up. that's all the business news. the rspca says it received 15,000 calls last year about exotic animals that had been abandoned or neglected. whilst a pet snake, turtle or bearded dragon might sound more interesting than owning a cat, dog or hamster, exotic pets usually need more specialist care. tim muffett reports. funny, cute, but with raccoon dogs, looks can deceive. if i was to grab this with no gloves on, i would be going to a&e. latterly, people have seen videos of them, perhaps online, of how cute they are and said, oh, i want one as a pet, but they don't make a good pet unless you're a specialist. sparsholt college in winchester for animals and plants are studied, and very occasionally, abandoned pets are given a home — such as these five raccoon dogs which originate from east asia. one was actually found under someone's decking in a garden in hertfordshire. one pair was in cumbria, others were in greater

tesco has reported a rise than 28 per cent.st majority" of goals set four years ago when he was appointed following an accounting scandal. tesco's pre—tax profit now stands at one point six seven billion pounds. the speed limit on the m275 southbound motorway in portsmouth is being reduced to a0 miles an hour from today. the city council says it's part of planning how to cope with congestion near the port, if the uk leaves the eu without a deal this friday. game of thrones has become one of the most talked about tv shows of the last decade, and its filming locations are proving to bejust as popular. the last ever series is set to air next week, but the legacy for northern ireland will continue for many years to come. our ireland correspondent chris page has this report. the real—life westeros — this part of the uk has been home to perhaps the biggest tv series in the world for the last decade. we want to know is where melisandre gave birth, and that's in here. well, you can really see how the caves, the cliffs, the crashing wav

today tesco became the latest supermarket to say it has bought in extra nonperishable goods because of limited evidence of households doing the same. we asked people out shopping in north london if they are buying more. stockpiling a lot of things, mainly nonperishable goods like tinned tomatoes and coconut oil. we have got a lot of toilet paper hanging around as well. it has been going on for so long, it is sort of, i don't know, i don't feel bothered about it, it is not really stressing me out. for me, it is really scary, and i am making plans to make sure that whatever happens it does not affect me too much. not all businesses can stockpile, and places like this cannot afford to do it repeatedly. they can only wait for politicians to decide when brexit will come around. the israeli prime minister benjamin netanyahu is likely to secure a record fifth term in office after a closely fought election. with almost all the results now in, it looks like he'll be able to form a new coalition with right wing and religious parties. mr netanyahu's likud party is expected to finish with roughly

china by saying around twenty degrees a little disappointing on the temperature haven if anything tesco still as we go on in tucson the broad skies to come back in across the korean peninsula much of japan as we go through sunday or whether they're just not going up towards the father was off the country but all in all the city feeding race bringing like spring like weather to sail across southern parts of china twenty nine degrees in hong kong that's very agreeable want to see the showers longer spells of rain over towards the southwest of the country for a time though right not as we go through sunday and sunday was like a fabulous day pretty much everywhere even northern parts of vietnam should see some lousy fine and dry weather that is dry by the tail across southeast asia the usual rush of showers coming through with some levee down poles pushing up to time . twenty one the teenage years i left behind still trying to find my place trying to see where i fit in to the whole picture and adult hood begins to take form i did cook occasionally but the great doesn't really want me do you

plummeted since they announce the deal to buy as da has fallen through, losing out to their rival tescout cma. has the cma reached the right conclusion? i know there's been a lot of criticism that centers around the idea that they've ignored the market affect of the hard , the german hard discounters like aldi. emma: that is the criticism they have come up on, how much the u.k. grocery landscape has changed with the like of aldi. a number of people have said they do not take into account how much market share they are taking. certainly bloomberg opinion is saying this is a big win for the german company, also that sainsbury is really in the squeezed middle between the slightly higher end grocers and the hard discounters. sainsbury is really now in need of a new strategy to drive growth at the grocer. a lot of people saying that deal to buy asda was the strategy. sales are projected to fall further into 2019, so people really wondering what their plan be will be -- their plan b will be. slightly different for asda, owned by walmart. they are saying they still got a number of options on t

tesco is up about 3%. easyjet also up. the dow is down attempt on percent. the s&p is up.s getting a bonus from chipmakers today. it is up one half of 1%. this is bloomberg. ♪ >> live from new york and, i'm a bunny quinn. we have mixed markets in europe but not a huge amount of movement in either direction. the ecb president got his press conference widely awaited. we are keeping our eye on current events. washington, seven of the biggest banking ceos before members of congress. breakfast is continuing. we're still at a sticking point between britain's conservatives and the labour party. not good foris is the prime minister. and she hoped to brussels to tell them she had a draft to a cross party deal. this is what the europeans would love to hear. the only way to get the deal through the line is there a cross party deal. whether or not she gets this extension, the conditionality attached to it. not good news for the prime minister. we did hear from her 15 minutes ago. is not too concerned about the extension of whether we go into a year-long. she intends to leave the eu by

the combined company would have overtaken tesco as the largest chain.mart now expected to consider either an ipo or a sale. and deutsche bank ending talks after six weeks of negotiations. the question now becomes could this open the door for foreign rivals to acquire cemmerze bank. >>> pivoting to a theme that we've been watching, slowdown in china, two earnings reports offering a mixed picture first peugeot issuing a weak forecast citing weakness in the chinese auto market. on the flip side, hermes saying luxury being a market that is less sensitive to economic headwinds. and may remember last earnings season that was a big trend that we saw that despite the economic data telling us that china's economy is slowing down, luxury retail continued to cite strength in china. stwe we'll see if that continues. >> all right thank you. >>> let's get over to kell li evans for a news update. >> here is what is happening at this hour. the sri lankan prime minister says father of two of the suicide bombers has been arrested in the aftermath of the easter sunday bom

on and off there in the morning hours then drying out as we head toward the latter part of the day tescoays we've got the rain on the way again, especially thursday afternoon. more rain a stronger storm, some gusty winds on friday showers continuing into saturday, one weather next week. well just ahead in sports warriors in a price and showdown tonight with first place out west in plant will >>brought to you by your northern california volkswagen dealers visit vw dealers dot com. >>and starting tonight with the warriors with some meaningful basketball going into the postseason facing denver with a chance to take a major stride toward home court advantage quick update from oracle golden state in the nuggets were just a game back of the chance for first place leaving the. >>4th quarter rory quarters is running away with it up 5.75 kevin durant sensational in the 1st half then injected in the 2nd half after back to back that the calls yet that hasn't slowed the warriors down for highlights later on. >>another warriors news after losing to minnesota last week a chance to not hold back in cri

women paid more than men, tesco maintenance services.e, looking at broadly speaking, women are getting paid much less than men. it is a sea of green. many say there is not enough data. last year, not enough data. banks, any kind of publicly traded companies. it. say they are working on a lot of the stuff takes time. theome amazing insight into disparities and the disclosures. breaking news, more from japan. ¥409 billion. up tore going to buy back ¥100 billion worth of shares. that is the latest breaking news. we will take you through the breaking news on brexit. >> good morning. welcome to european markets, the european open. i am anna edwards alongside matt miller. say turns the markets to frankfurt. slump in factory orders. and commerce bank in focus after a report of a multibillion dollar bid. the cash trade is less than $30 billion -- 30 minutes away.

tesco, the shareholders of tesco will be happy because they have doubled their dividend.there has a ready been a significant amount of concern there has a ready been a significant amount of concern about the sustainability of their profit margins. i think this could be the final nail in the coffin. the share price is down from 400 p over a year ago to 28p now... i'm really sorry to interrupt, i have to go to brussels. leo varadkar. to give the united kingdom a little more time for the cross—party talks to conclude. we can review the situation in a few months' time. do you think the uk will ever leave now. . . we you think the uk will ever leave now... we have to respect the democratic decision of the people of the united kingdom. i, of course, and pro—european and would love the united kingdom to stay. i think europe would be better with a uk staying as a member and i think it would be better for the staying as a member and i think it would be betterfor the uk but i totally respect the decision of the british people to leave and any decision on a second referendum has to

however, the authorities are saying, look, if we had two big players, tesco have 27% of the market sharehas 30% of the market share, that's too dominant and you end up with a monopoly. i spoke to stuart mcintosh who is in charge of the enquiry, this is what he told me. price reductions were predicated and linked to casts, which you've looked at very closely in the course of this enquiry. we concluded they were unlikely to be realised in terms of the suggestions by the company. secondly, we considered that it would be very difficult to verify and track these reductions over time, but more fundamentally, these price promises didn't really address the fundamental competitions concerns as a result of two of the largest supermarket chains in the country merging, which would reduce competition in supermarkets, online shopping, and that petrol fuelling stations. so what is this announcement done to the share price? sainsbury‘s share price has tanked. they are at multi—year lows. they've been declining since the merger was announced, down 27% since was announced. analysts don't like this, today