We meet one man flexing his financial muscles and boosting his gym empire in the depths of a recession. And with the Global Fitness industry now worth a staggering 83bn a year we want to know, how much do you spend on keeping fit . Just use the hashtag bbcbizlive. Hello and welcome to business live. Wpp the Worlds Largest Advertising Group has cut its sales outlook, after a drop in demand from consumer goods clients and weak trading in the us. Like for like net sales fell 0. 5 while underlying net sales in the us fell by 2. 2 in the first half of the year. Shares in he giant have tanked this morning , falling by around 10 on the news. The advertiser is seen a bellwether for an industry thats changed dramatically in recent years. While the total spent by brands globally on advertising in 2016 was up at 493 billion, where its being spent is shifting significantly. While traditional Advertising Sales were effectivly flat, Global Digital ad sales grew by 17 to 178bn. That number will of co
Now for the latest money news with aaron and World Business report. Yeah, Building Bridges us president elect donald trump promised a trillion dollars during his campaign to resseract promised a trillion dollars during his campaign to resurrect americas crumbling infrastructure. Question is, will he be able to deliver . The dream thatjust wont die we take a look at supersonic air travel, past and future. Lights. Theyre coming. Lights, camera, action, yeah, we are trying to put some money in the metre. Welcome to World Business report. One of president elect Donald Trumps main promises is to rebuild americas infrastructure, were talking, of course, everything from its railways, airports, roads and bridges. The task, well, needless to say, will be formidable and the rebuilding costs high. Dollars on rebuilding. The plan is to spend in the region of one trillion dollars on rebuilding. Or better yet, to get someone else, investors, to spend that money. Our north America Business correspond
London Stock Exchange but the seemsly doomed deal with Deutsche Boerse casts a shadow on otherwise solid results from lse. And investors snap up the tech ipo of the year sending shares of snap higher by more than 40 on its opening day of trade valuing the messages app at 30 billion. A private email scandal, but this time in the republican camp as it is revealed Vice President mike pence used his personal address to discuss state business. Good morning. Welcome to the show. Its friday. We have date to flow out here at the top of the hour, getting you the italian final Fourth Quarter gdp, its confirmed at plus 0. 2 quarteronquarter. They expanded the revised 1 yearonyear according to the latest round of data. Confirming the preliminary estimate, but revising down the previous 1 yearonyear growth. Not sure that comes as a surprise. Probably not. Also weve seen a strong run of eurozone pmis. Earlier this week, we got the manufacturing pmi, the strongest in almost six years, thats mirrored
So we are watching what is playing out across the european markets. Thats impacting the broader stock market. The banks are showing the stoxx 60 down by 1. 26. Today is a day you buy because traditionally the market is high and then you sell out on the first of may. Thats the halloween strategy, but some investors might be spooked by the corporate report across this earnings season. Well drill down to see where the individual gainers and losers are on this market. Top of the media stocks, oil and gas, fatigue is setting in around whether there will be implementation around the opec cut. Telcos is also down. Enough so that this is one of the weakest ones down 6. 57 . And industrials, down. 40 . Youre seeing a little pain this morning. Food and drink, we are down 1. 1 . Some of the big Luxury Companies are moving higher. Lbh is positive in the early part of the session. Media stocks, wtp, 3. 2 higher. Its the top performer in the stoxx this morning. Lets take a look at how we are startin
We asked why would they do it. The last televised debate before the vote, scotland used the the pound without englands permission. Also on the program, more on our top story. Aaron is looking at whats at stake for the business world. Absolutely. Big bosses from the worlds biggest businesses backing talks to resolve a crisis between russia and ukraine. They say tit for tat sanctions could cause the economy to grind to a halt. That would be bad news for russia but also bad for all of u us. Hello. Midday here in london. 3 00 p. M. Moscow, 2 00 p. M. Kiev where Ukrainian Security services have released pictures of paratroopers captured near donetsk. It says they were on a special mission rejecting russias account that soldiers crossed the border by mistake. Timing is crucial. Poroshenko meets his russian counter part Vladimir Putin for talks. Well be live shortly where that is happening. Nick reports on the latest. Reporter a raging tire cast a fog over donetsk in ukraines troubled east. A