met its 2300000000 euros the valuation of the company overall was 12000000000 why did vodafone chose frankfurt to frankfurt snots london well the regulators of the business here on the continent so it makes eds for the company to be listed here all right. thank you so much. thank you was the best known export tom drove to gas last year the cuban cigar industry struggled on the way to the pandemic u.s. sanctions and bad weather but strong demand from abroad helped save it from catastrophe. junkie is tending to back up plans that will be made into cuba's famous cigars the farmer has struggled like the rest of the cuban cigar industry with the economic fallout of the pandemic u.s. sanctions on cuba have also made it hard to secure diesel fuel and fertilizers and unusually wet weather last year didn't help but garcia is hopeful this year will be different. it has been a little hard due to the health situation that the country is going through. the weather has not been favorable but we have to be there working to see if we can achieve a good harvest. so that this year will be as good as l

vantage tower is listing on the frankfurt stock exchange today that's the infrastructure spin off of vodafone the i.p.o. could raise 2300000000 euros the value vantage at over 12000000000 euros the company owns phone towers and rooftop masts across europe. germany's council of economic experts has cut its full year growth forecast for europe's largest economy to 3 point one percent from an earlier prediction all 3.7 percent recovery has been an even manufacturers the wet weather bring the crisis but the service sector continues to struggle. the u.s. federal reserve will keep its loose monetary policy in place holding borrowing rates low and continuing bond purchases even as wall signs pointed to economic recovery in the u.s. the banks 12 member open market committee had brushed off inflation concerns in their wednesday prognosis saying any price increases will likely be the short term result of u.s. stimulus programs and fell short of the fed's 2 percent annual inflation goal optimism for recovery is growing in the u.s. as a vaccination campaign hit stride and $1.00 trillion dollars in stimul

that first day of trading starts march 18, about $3 billion vodafone will raise for that ipo.itv, seeing an advertising rebound of about 3% in the fourth quarter on a yearly basis. it does expect their numbers to fall, their figures in the first quarter, and then rebound against -- again once we get to the comparables at the height of the coronavirus pandemic. a little bit of uncertainty with the outlook, saying they still cannot commit to an outlook or dividend. anna: dani burger with the stocks to watch. apparently everybody is watching tv. thank you very much. mark, a few minutes until the start of the market open. difficult for europe to make gains this morning. mark: it's all about yields, and yields are softer. it's dragging the dollar down. there is a three year auction, markets will be nervous about that. slightly shorter and then where we saw the recent, it was in the five-year seven-year sector. the markets will be nervous. overall, softer yields, softer dollar, is looking ok. anna: really interesting when we get back to that market story and the disappointment we ha

vodafone has raised 2.3 billion euros by selling 96 million shares of its mobile phone towers unit in. trading up vantage towers start today. europe is within its thresh quarter hold from initial public offering. dani burger, never mind the facts, good oh fashion ipo's. take it away. >> let's ignore this spats, who cares about those because we are talking big european ipo's. vantage is going to join the club that we have seen increasingly grow in size and that is the euro plus club. you can see some of the other ones. i have to say demand has been really, really strong for these various ipo's. vantage towers did price and near the low end. but the other ones, doc martin, all pricing towards the top end of their range, and facing the biggest of which has been 28%. this alone shows you how much demand there is in europe for there to be big ipo's. we will see whether vantage tower can meet that. we were talking about the picture, we have to compare it to the dominant force in the ipo exchange market, that's the u.s.. as a whole, europe has been steadily trailing the u.s. when it comes to

we did the same when we bought vodafone some five years ago.ought down the debt to around two times, which is a really good measure. now we are coming up again, but it is going to take us for five years. our rating is good, and hopefully the bond market is seeing that we are committed. during 20/20, we refurbished all of our balance sheet again, given the great strength we have as a company. guy: i've just been updated in terms of demand, $115 billion in demand. i can see the seven truncheons that have gone out. huge demand from the bond market for your paper, which is reassuring. nevertheless, you say you are comfortable with your rating. how comfortable are you? do you have sleepless nights in terms of what is happening with the leverage here? do you worry about your rating? hans: again, we have a really good business model. we are built around our network of service. we have seven vectors of growth coming into play. we can accelerate them with this investment. this is part of our strategy, so we feel really good about it. that is why yesterd

declines in basic stocks, energy names and at the top, though, we do have the tellicos like vt and vodafone the charge after committing to spend 1.3 billion pounds to expand the network. you can see the tech trading on the back foot. i want to take you on the ultra sector for europe. new car sales came in for europe at 20% for year on year. bmw beating the charge at 4.5% at this point. and volkswagen up. they forecast a major expansion of their margins, as well as an increase in demand for their vehicles so the mood for autos, at least today in europe is pretty good, frank >> joumanna bercetche live in the london newsroom, we appreciate it. >>> turning our attention back home now, another busy day in d.c. as president biden meets virtually with his counterparts from ireland over 2020 election interference this meeting will be held virtually this year, because of, you know, covid-19 and the pandemic a bit of a change from the previous years >>> all right. turning to today's pore top business stories, uber will reclassify all of its drivers in the uk as workers. the change comes agency the co