Trading, they are all headed higher for now. We will talk you through the winners and losers. Savile row is world renowned for its razor sharp suits and classic style. But in a world of fast fashion how do the traditional firms stay relevant . Well meet one man on a mission to do just that. And, as ubers boss says flying cabs will be commercially viable in five to ten years, we want to know would you hail a flying taxi . Let us know use the hashtag bbcbizlive. Hello and welcome to business live. As usual, it is jam packed. Lets get cracking. Europes biggest bank hsbc has reported a big jump in profits for last year. But its mainly because its been able to shake off the huge costs the company has faced in restructuring after a string of problems. It means there will be a strong base to build on when the new chief executive john flint takes the reigns from stuart guillver on wednesday. Tomorrow. The numbers show that hsbc made a pre tax profit of 17. 2 billion for the calendar year of 2017. Thats up a massive 1a1 . However its still below expectations. Hsbc says adjusted pre tax profit of 21 billion gives a better idea of how the business is performing. It excludes one off items and Foreign Exchange losses and was up 11 on a year ago. The banks desire to focus more on asia, including expanding in china, is paying off too with 75 of profits now coming from the region. With me is peter hahn, a professor of banking at the London Institute of banking and finance. Nice to see you. Lets look at the figures, there is a lot of business. They are the last from mr gulliver. He has had it upjob to they are the last from mr gulliver. He has had it up job to try to turn around the fortunes of the bank . Yes, and the story started long before his tenure. In 1998 there was an emerging markets crisis, 20 years ago. Hsbc to the strategic decision to really invest in the americas, in europe, not a share. It missed the point. The americas and europe, not asia. Since 2011 the decision has been reversed, the bank has gone back to its roots and found success back to its roots and found success backin back in hong kong, shanghai, it shows you where the story is connected. The emerging markets where the biggest potential returns are, equally where many of the biggest risks are. Some would say it isa biggest risks are. Some would say it is a risky strategy focusing on some of these markets, nonetheless one that will pay dividends if they get it right . I do not know if it is more risky. Emerging markets are not all the same. Hsbc, if i invest in hsbc today i am investing in an asia story. Looking where the profits came from it is almost 90 of their profits came from asia. If you invest in shallow oil today, you are betting in the long term on the use of oil and the price of oil over time. If you invest in shah oil. If you invest in hsbc, it is an asia story with others. Mr gulliver said hsbc is a simpler, stronger and more secure bank than in 2011. Is that true . Yes. They exited perhaps more than 20 countries during that time, substantially underperforming in brazil. He has beefed up in china and it has done a lot better. There is still work to be done. You mentioned the litigation issues that came up, it does not seem as many major ones. Like many other bank reports i read there are still several pages of Outstanding Litigation faced by hsbc. Several pages of Outstanding Litigation faced by hsbci several pages of Outstanding Litigation faced by hsbc. I wanted to get on but time is tight. Thank you, peter, as always. Lets take a look at some of the other stories making the news. Hundreds of Kentucky Fried Chicken restau ra nt hundreds of Kentucky Fried Chicken restaurant in the uk remain closed. They have been struggling to get supplies since the delivery contract with switch. Staff are encouraged to ta ke with switch. Staff are encouraged to take holidays but are not being forced to do that. An astonishing story. The worlds biggest mining comapny bhp billiton says profits were up 25 in the six months to the end of december. Underlying profits hitjust over 4bn. Its chief executive says the Australian Firm was helped by strong Commodity Prices and saw returns on its investment in new technology to improve productivity. It also increased its dividend to shareholders. The boss of uber, the ride hailing app, has said he see flying taxis as being commercially viable in five to ten years. Dara khosrowshahi was speaking at an Investor Forum in tokyo. Back in November Uber said it was working with nasa to develop the technology but some experts have questioned whether it will ever get off the ground. I see what you did there the social media giant Facebook Says its to send postcards in the us mail in order to verify the location of people requesting to buy adverts for us election candidates. Yes, snail mail the postcard would contain a code which would be required to complete the booking. 13 russians have been charged with interfering in the 2016 president ial election. The indictment says they bought political advertising and set up groups on social media sites including facebook. I think that is astonishing that a Technology Firm has to resort to using snail mail, oppose cuts through the mail. Sometimes you cannot live without the oldest tech. Snail mail to verify someones location . All those apps and technology and kit. I love a real letter. You would waste of the wait for the postcard . Absolutely. Canadas prime Ministerjustin Trudeau is on a visit to india. And, despite speculation that hes being given the Cold Shoulder by the indian government, hes set to meet Business Leaders in mumbai in less than an hour. Suranjana tewari is in our business hub in mumbai. Good to see you. Tell us a bit more about his day, who he is meeting with and how significant this is . We are not expecting any major announcements from today, but prime Ministerjustin Trudeau has been meeting ceos of prominent Indian Companies like tata, mahindra etc. He will be meeting indian Business Leaders later. Representatives from around 150 Canadian Companies are here to try to expand their business all star joint ventures with here to try to expand their business all starjoint ventures with indian firms. Reminisced trudeau is expected to make some announcements on what he wants canada to do in india, business and investment wise. India, business and investment wise. India and canada already have a strong trade relationship, around 8 billion worth of bilateral trade, particularly in the agriculture sector. Canada imports are lots of beans and lentils into india. Canada isa beans and lentils into india. Canada is a little worried about import duties that india has put onto canada recently, about 40 import duty. They will look for reassurance that arent some investment in indian infrastructure. Thank you for that, an interesting trip forjustin trudeau, i am sure. That show you the financial markets. Wall street was closed on monday and will reopen today. So this is fridays end to a bumper week for wall street. Because these markets reopen today for the first end this week there is a bit of treading water in europe, to a degree. Hsbc shares down in london when i last look, i hope they will move on. Hsbc shares in hong kong, they were trading earlier today, down over 3 after the announcement of their earnings. We will bring you the european members a bit later, hopefully on the screen. For now, lets talk about brexit secretary david davis. He is to insist britain will not be plunged into what he describes as a mad max style world after it leaves the european union. In a speech to Business Leaders in austria this morning, mr davis will also reject the idea that brexit will lead to a race to the bottom in workers rights and environmental standards. 0ur correspondent bethany bell is in vienna. 0utside outside the building where this is all happening very soon, bethany. It looks extremely cold where you are. Tell us a bit about the reception he will receive, will it be warm or not . I think the entrepreneurs will be gathering in the house of industry right behind me when they can get their way through the snow. They will be listening very hard to what he has to say. No one wants bad relations with britain after brexit, but they are very interested to hear what it is exactly that britain wa nts. What it is exactly that britain wants. People here say there is not clarity yet. David davis will say that he wants to continue to see close cooperation when it comes to regulation, that there will not be this race to the bottom, as he calls it. He hopes that will ensure frictionless trade with the eu after brexit. There has not been an official austrian response so far to his planche remarks, planned remarks, but one analyst suggested he will have questions which are if you want to see things the same, why are you leaving the eu in the first place . Many are asking that question, and others. Thank you, bethany. Joining us is trevor greetham, head of multi asset at Royal London Asset management. Good morning. Staying with that theme, investors will be looking at this meeting very closely to see what is discussed, and sterling particularly, we will see a reaction that . What is interesting is the volatility of sterling, it is quite high. It is not like it is moving around very much, but if you want to protect the portfolio against a swing one or the other way, the cost of that is one of the highest since we have seen since the brexit referendum. There is a lot at stake in deciding the uk position, is it credible, will we end up in something similar to the eu or crash out without any deal . The impact of Currency Movement is quite crucial. Hsbc have said look at this preferred number, it excludes the Currency Movement to give you a better impression of how companies are doing. It can be mastered in the uk, about 70 or 80 of the stock market is overseas earnings. It can be massive in the uk. It is a busy week as far as results are concerned, less Economic Data . Everybodys watching screens, the stock market. The dowjones rose almost two dozen points in a week last week, the biggest percentage increase in it week in five years. You might be tempted to say that means we have the all clear and everything is fine, but the big moves in stock markets happen when they are volatile. You could get a big move down this week easily. The fundamentals are positive, a tug of war is going on between strong earnings, a tax cut in america and rising interest rates. Interest rates are low in america, housing has not slowed down and the big Central Banks in europe are printing money. It feels like the stock market bull market has not finished but we could see short term volatility as people get to grips with this tug of war. Volatility as people get to grips with this tugofwar. Lots of speed bumps. Seat belts on. Trevor will be back later to talk this through the papers. Still to come. In a world of fast fashion, is there still space for traditional tailors . We meet one of the savile row stalwarts who says its got a new lease of life. Youre with business live from bbc news. Betting firm william hill has been hit with a £6. 2 million penalty package for breaching anti Money Laundering and social responsibility regulations. Business correspondent Sean Farrington has been looking at the details, hes in our salford newsroom. What have they been doing . What have they been doing . The Gambling Commission, the regulator looking at this, has used pretty strong words, systemic issues. It means it is not just one or two micro people, this is the structure of the company not assisting the anti Money Laundering practices and executing social responsibility how they should. 0ne problem was the Gambling Commission found that ten customers were able to use money found from criminal proceeds to put through william hill accounts, which ended up with william hill making £1. 2 million in profit on the back of our cash. So pa rt profit on the back of our cash. So part of the £6. 2 million is to pay back the £1. 2 million, £5 million is a fine linked to breaching regulations put in place. Some extraordinary examples being given by the Gambling Commission, one of simply placing more than half £1 million over these accounts over the period of a year or more. William hill having a verbal conversation at assuming they are earning more than £300,000, the customer, thinking they could afford it. It turned out they earned £30,000 a yearand it. It turned out they earned £30,000 a year and was stealing from their employer. So part of these proceeds could be to reimburse people who suffered from the criminal act that took place. The Gambling Commission told us this morning this could possibly be a much wider issue. They do not expect this to be the last decision they had to make on this scale when it comes to the gambling industry and social responsibility and dealing with anti Money Laundering regulations. Thank you, sean. Thank you for the detail on william hill. More news on the kfc saga that they have run out of chicken. A procurement expert has been speaking with us. And views from intercontinental group, 7 rise in profits, launching a new brand. Speaking with the chief executive, earlier, he is talking about lots of new expansion plans, Intercontinental Hotels group benefited a lot from the tax changes in the us. Youre watching business live, our top story, hsbc, europes biggest bank, has seen pretax profits soar by1li1 to more than 17 billion. Seventy per cent of that came from its operations in asia. They have called that a pivot to asia. Only half of new firms in the us make it through the first five years of business intact so whats the secret to a Company Becoming a long term success . Henry poole co has been running for centuries. Setup in 1806 its been credited as being the founding tailor of savile row here in london. 0ne its most famous clients was winston churchill, who bought his first suit from the company in 1906. But its also a company with a firm eye on the future, in 2006 it setup a made to measure store in beijing, to take advantage of the growing market in asia. Simon cundey, managing director of prestigious tailoring business, henry poole co. Good morning, you have brought in all sorts of bits and pieces, we will talk about these, you have been around, not you, personally, but you have been around a while, 1806. And it is still a family business. Lucky enough to be a family business, very much credited to generations of family that have run it and kept it very much for the next generation, thatis very much for the next generation, that is the key element, train within the house, bring in the next group of tailors and cutters that make the company. Lets wallow in the history for a little bit, really amazing, you have brought in this ledger, it is really heavy, im going to try to show this to the viewers, basically. This is the first major book . 1846, he was a very clever gentleman, his father was a cloth merchant, but henry poole became a cutter and a bit of a dandy and a socialite, people like prince bertie and napoleon, came to him in1846. Prince bertie and napoleon, came to him in 1846. His measurements prince bertie and napoleon, came to him in 1846. His measurements are in here. All handwritten. Plenty in here. What do these numbers tell us, not only about the way we have changed, people getting taller and wider, but interesting insight into their lives, when they have been back a couple of times. Socially, absolutely, it is a little club, the aspects of business, very much part of this history line which goes through the years. And just to say as well, the cost of a suit, a sort of remained the same in terms of relative to peoples income, looking at one month s salary, roughly, to buy one of your suits. Going through the situation of choosing fabrics, we have 4000 fabrics, seasonal, travel, business, you name it, we can sell it, then we go through styling, we go through the fittings with you, it is all about 70 hours to make a suit. It is a classic suit, normally, because men will wear these for ten years. Minimum, yes. I immediately assumed they change its shape in that time. So yes, we do alterations. You have things in place. It comes with four inches of extra fabric, so the allowa nce inches of extra fabric, so the allowance of winter weight and some weight, if call it that, the prosperous years, shall we say, that is what we do, we let it out, and some people have a two set wardrobe, one for summer, one for winter. The suits that you make, never particularly in fashion so they never go out of fashion, that is the sign ofa never go out of fashion, that is the sign of a classic suit. A lot of pressure with fast fashion that you will do something that is particularly in vogue, but you dont do that. Complete cycle wheel that we go through fashion, pendulum swings between the pell width, height of button, these things a lwa ys height of button, these things always change. Lapel width. Height of button, these things always change. Lapelwidth. These shoes, they do not look several wrote to me, they look very modern, he teamed up with adidas for this. Bit offun, he teamed up with adidas for this. Bit of fun, one customer is with adidas, and. We make a few suits, named after people, one of them is the winston churchill, but he loved the winston churchill, but he loved the fabric so much he said, we should do something special, we came up should do something special, we came up with the idea of a commute issue and evening shoot. That is how you know this was made in savile row. Evening suit. About £150, but because they are collectors item, limited edition, their value has trebled. As a business point of view, good investment. Quick word on skills, this is a family business, so many pressures, fabric is made in the uk, you make these suits, you do not send them somewhere else, you have to retain the skills. How difficult is it to get people who can makea difficult is it to get people who can make a good suit . About 15 years ago it was very difficult to find people who would be interested in the business, with the situation of skills and craft, a lot of manufacturers realise they can train within, within the automotive, within, within the automotive, within the jewellery or clothing, if you train your craft, you have to train within. Last ten years, very successful, full programme now, now the average age is 40 years old. Absolutely fascinating, thank you very much for coming in. We could talk for a long time. 120 of them interesting comparing height and width, and they come back the second time and they have got a bit wider Richard Branson is in india, lets see what talking about. There will beina see what talking about. There will be in a sayers at the start of any new industry and they are right to be naysayers until we have proven wrong. The outside of it is gigantic. Upside. Trains made a big difference to india in the last century, i believe that hide the loop will be a giant step forward that india needs. It can connect most of the major cities in india in well under two hours and the cost of building it will be private money. Hyperloop. The cost to the passenger of travelling on a Virgin Hyperloop will be competitive with any high speed train. We think we can build it for a lot less then you can build it for a lot less then you can build it for a lot less then you can build a high speed train. And therefore we should be able to charge less. Richard branson with ambitions for Virgin Hyperloop one. In india. This story, the new boss of uber, relatively new, saying that it is commercially viable, flying taxes, five to ten years, would you climb on board . Probably but i have a bad habit of ordering a taxi and saying, five minutes, ten minutes. Will they be hovering around my rooftop . One viewer says, yes, glad to use one if safety is guaranteed and cost is friendly. Sean says the same, depends upon the safety. Can you tell me how to hail one, says one. Chris says, no. Petersays, tell me how to hail one, says one. Chris says, no. Peter says, at a nonsense. Hot debate going on. What else is going on . Brexit, interesting story in the ft, campaigners to stop brexit preparing a six week advertising blitz. Group partly funded by george soros, but also a crowdfunding arrangement, and he will step up advertising over the next six weeks, head of the vote for the Customs Union and he will already have people working on mad max and david daviss head, at best for british, i can see this happening. Key votes are coming up. The Political Party launch, renew, people focusing on this, we will hear more and more about it. Time is tight, really good to see you. Thank you for explaining the market movements. Thank you for your company, we hope you enjoyed the programme and we will be here tomorrow. Good morning, we have some cloud affecting eastern parts of the uk, for many of us, much more sunshine around today compared to yesterday. Enjoying the sunshine, the cloud across the east producing a little bit of rain. A lot of the rain will peter away, you can see from the satellite imagery, we have that cloud across the east, further west, good chunk of clear sky. Keeping clear skies throughout the day, western parts of north west england, through wales, and the south west of england, further east, quite cloudy, and a few spots of rain, which could continue into the afternoon. Gradually, the rain peters out, temperatures still up to about 10 degrees, 11, 12, not quite as mild as it was yesterday. Still pleasant enoughin as it was yesterday. Still pleasant enough in the sunshine. Through the evening and tonight, zone of cloudy weather across the north east of england and is down to the south west. Either side of it, a frost taking us into wednesday, temperatures down to 2 into wednesday, temperatures down to 2, minus three. During wednesday, cloud coming and going across central areas over england and wales, some sunny spells for scotland, northern ireland, dry day for all of us on wednesday, those temperatures dropping down by one or 2 degrees. The reason for the dry and settled weather, big area of low pressure, right across scandinavia, influencing the united kingdom, that has a part to play over the next few days into the next week. During thursday, similar to wednesday, cloud coming and going, uncertainty on where it will be, some bright spells, bit of sunshine from time to time, those temperatures continuing to drop, five to 8 degrees. That is the theme we will see going into the weekend and into next week. Hello, its tuesday, its nine oclock. Im victoria derbyshire, welcome to the programme. Our top story today. Britain wont be plunged into a mad max style world borrowed from dystopian fiction after it leaves the eu thats what the brexit secretary david davis will say in a speech in around 45 minutes. A clear message to eu leaders, you can trust us, we will be on our best behaviour after brexit and we will not try to undercut your businesses. Well bring you that speech live as soon as it starts. Also on the programme, there are calls for the government to criminalise upskirting as a sexual offence after police data showed one complainant was ten years old. Well speak to three victims of upskirting and are keen to hear from you if its happened to you. Plus working in your 70s