let's take a quick look at what analysts think of veolia. the stock is up.analysts rate the stock as a buy. next, we continue our conversation and talk leadership in a very high risk environment. that is coming next, right here on "the pulse." ♪ fran: let's get to the bloomberg business flash with nejra cehic. nejra: shares in lloyds banking group have surged after the lender raised its dividend. the company introduced a special payout and indicated it may have reached the end of charges for wrong protection insurance. rose torofit for 2015 8.1 billion pounds, matching analyst estimates. vale has said its fourth-quarter net loss widened to $8.75 billion come at compared to a loss of one point eight $5 billion a year earlier. the company pointed to the slump in iron or prices. rose, helped by higher life insurance sales. france's largest insurer saw a net income beating analyst estimates of 5.39 billion euros. that is your bloomberg business flash. fran: thank you. let's wrap up with a discussion about leadership. still with me, paolo scaroni, deputy chairman