i think the overall takeaway is that whitbread had given us takeaway is that whitbread had given usag that two factors a re us a profit warning, saying that two factors are a weakening consumer environment in the uk and the looming brexit problems. both sort of contributing to a slightly weaker forecast going forward and so they are saying that they are going to cut costs in order to combat that but i think it's a concerned obviously, given the timing of selling off the cost around, costa was a more profitable business, this is obviously a transition period. at the moment probably the reaction, the moment probably the reaction, the share price down at the moment, investors a little concerned at how the transition will play out. we are looking at the share price on screen as we discuss this, one thing that has come out of that, off—loading costa coffee, the premier inn brand as well that pops up in most cities, they said they will make these even smaller rooms, dirt cheap, the idea that you can get a comfy bed and somewhere to sleep for much less could be a strategy to bring profitabi

julianna tatelbaum is here to run us through what to expect. >> yes today whitbread is holding a generalat 2:00 p.m. at that meeting they will look to approve the proposed sale of costa coffee to coca-cola for 3.9 billion pounds the market expects this deal to go through no problem given the unanimous support from shareholders, it serves as an interesting reminder to a key trend in the consumer space, that's one of consolidation in product categories and distribution channels in the beverage space looking back at some deals we've seen over the last year, pepsico buying soda stream, nestle buying starbucks lavaza teaming up with mars, and jab holdings doing a deal with illy so what is driving this? trying to get outside regular channels and adapting flavors to consumer taste we have got activists swirling around this sector we've had them around for a while. even if companies don't have an activist on their shareholder list, the threat of activism is playing a significant role that's part of what drove pepsico, nestle and now whitbread to make these decisions. on coffee specifically, this

and royal bank of i think it's royal bank of scotland one of the robotics yeah those whitbread make those little cookies that you can buy at the airports one of the many things that they manufacture yes actually you have to talk about those of the future hillary forward mark thank you for helping us out on footsie sure appreciate it my pleasure thank you. and time now for a quick break but hang in here because when we return a centric electric car c.e.o. elon musk can't leave well enough alone as he takes a swipe at the u.s. securities and exchange commission the car coach lauren fix joins the discuss as blood and other new auto news plus steve malzberg helps us think through the winners and losers of the new trade agreement between the u.s. and mexico and canada it's not a done deal yet and as we go to break here are the daily u.s. numbers at the closing bell back in a flash. no you don't accept the salute just as strong as the right to be a little bit it's. these people. who love me. while i'm somebody how does know it's a mask you never know what's happening and whether they're shootin

like marks and spencers tesco sainsbury's also burbery that's a clothing manufacturing company and whitbread which is a food conglomerate a hosting company and then you also have rolls royce and royal bank of i think it's royal bank of scotland one of the robotics yeah those were pretty make those are a little cookies are you going to be one of the many things that they manufacture yes actually you have to talk about those are the future hilary forward mark thank you for helping us out on footy sure appreciate it my pleasure thank you. and time now for a quick break but hang in here because when we return a centric electric car c.e.o. elon musk can't leave well enough alone as he takes a swipe at the u.s. securities and exchange commission the car coach lauren fix joins the discuss and other new auto news was the. moberg helps us think through the winners and losers of the new trade agreement between the us mexico and canada it's not a done deal yet it is a go to break here the daily us numbers at the closing bell beckon apply to. those who don't accept the slow drivers will disclose the rig

buying coffee from whitbread over the last few weeks. looking to diversify the business. we learned today about pepsi's plans? how are they going to produce the same trick? >> they have the starbucks partnership. they did call that out. there's a lot of interesting coffee. coffee now fits into things that are less sugary. done quite a bit to diversify away from sugary soda. they talked about bubbly which lacroix competitor. they said they would not get into the restaurant business. you will see them continue to diversify the beverage portfolio. guy: where is the sweet spot? we have a lot going on in that space. where are people positioning themselves? conversation around cannabis, you saw coca-cola talk about cbd and maybe using that for wellness beverages. and maybe using that for wellness beverages. it's really a new generation of beverages. there is potential as a new ingredient that could really drive growth. vonnie: what is the new ceo literally taking over this week going to do with sodastream international? >> that's one of the biggest questions. it's always intere

whitbread also uneviled a new smaller and cheaper hotel room design for its premier inn chain.e strikes in glasgow, where around 8,000 council workers have walked out at the start of a 48—hour strike. it's thought to be the uk's biggest strike over equal pay. glasgow city council has condemned the walkout, warning it will hit the city's most vulnerable. primary schools, nurseries and home care services will all be affected. anna mccaffrey is an employment lawyer at taylor wessing. what is this all about? it relates to the resolution of an ongoing and long—running equal pay dispute in that glasgow city council's review ten yea rs that glasgow city council's review ten years ago, which in itself was an attempt to address historic equal pay issues, was found by the high scottish court to be discrimination ray and that workers had been wrongfully excluded from bonus protection and the scheme favoured workers. glasgow city council had to pay back the today's workers. but the unions said it would do so through a negotiated settlement earlier this year, they are frustrated that ten mo

adjusted pretax at 269.6 million pounds for whitbread. that is another headline coming through.ace we have data coming through from germany, pvi specifically year on year, 3.2%, the expectation was 3%. it was expected they would be a softening. the month onn month, ppo numbers, the expectation 0.3 and gained from the prior reading. manus: a little bit of , anglo-american and their copper production. some numbers from the full-year production guidance, raising the employee's production to 5.1 up to 5.2. anglo american on the copper side remains unchanged. anglo-american platinum comes out, third quarter total production 9000 ounces and the guidance remains unchanged. full-yearican sees diamond production at the higher end of the range. have you been busy buying diamonds, that is what i want to know. i am a copper-aluminum kind of guy, i leave the diamonds to you. nejra: i am waiting for you to buy me diamonds. where are their presents for joining me on the show? the msci asia-pacific index on the bear market, closing down 2.7%. days of gains-- danes o that we could see a weaker o

because of the suggestion about their conurbation to uk taxes and they know that costa is part of whitbreadclosures? they will know the sector is already under enormous pressure and they will be slightly concerned is not considerably so for theirjob. what i find quite sad, in a way, is that the instant i met philip green was at the retail trust charity fundraising ball where he was a generous contributor to the funds that go into a charity which supports people in retail who have fear for their jobs supports people in retail who have fear for theirjobs and supports people in retail who have fear for their jobs and family security, debt management and so on also the irony is, whether or not these allegations are true, the way he has conducted himself, as vince says, not just he has conducted himself, as vince says, notjust in this situation but in recent years with the bhs issue and the tax issue... that is the point, it has not affected trade for him in things like topshop and pop band and! him in things like topshop and pop band and i wonder if this is the real danger of using monetary pri