Estimates to the value of coming under a unified structure. Were open to all ideas which can simplify our business. This is a project that still has a wide possible range of outcomes and raking in the cash covestro valleys as they say theyre generating cash faster than expected due to Strong Demand but the ceo says he is not eyeing any specific acquisitions theres lots of opportunities. What is missing is value created opportunities. We have a fixation on any deal, if we were to do one, has to be value creating. Shares in ihg check in at the bottom of the stoxx 600 after the hotel Group Launches a Strategic Review and halts special dividends. The ceo tells cnbc how the firm is spending its cash we announced a number of Strategic Initiatives to accelerate those trends and bringing new brands to new markets, launching new brands, investing in technology and funding more efficiencies in business to fund that growth good morning lets look at how european equities kicked off the morning. Th
In more hours. Elliott will beginning us an update on what we are seeing. It will take operations elsewhere if no agreement is this is deval 2. 0. Reached. Caroline lets return to china. You can see what is happening. Lets get back to our top story. The Dollar Strengthening. Here is what our guest has been telling us about the yuans he seems to be the safety trade around the world. Continued plunge. Week exports were part of the a really sharp pickup in the currency for a second day. Reason. The central bank would never admit it. I dont think this is the only we have got the secondbiggest amount we have seen in two decades. Reason. I think the and imf i think the imf factor is important. Market. To feed the china wants to get this in the basket. Go off schools that market will have a bigger say in setting the rate. Have removed. I want to give historical they can take this currency context. Wherever they want. They claim it is a oneoff. I doubt it. Today we are going to get that it is
Welcome to countdown this friday morning. I am manus cranny. We are in london, keeping you up to speed with everything that is moving on markets. And we have a couple of Different Companies that are reporting this morning. We are going to quickly tell you what is going on, we have hans nichols standing by. This is one of europes biggest steelmakers, First Quarter estimates coming in at 9. 5 billion, that is below the estimate of 9. 9. What do they earn from continuing operations in the First Quarter . At 243 million, that is just slightly ahead of the estimate at 239 million. But the First Quarter net losses , and terms of profits, there is a net loss that actually beats the sales level, coming in just under the estimate. That is the net loss that comes versus3 million euros, profit obviously a year ago, at 50 million. This is as europe implements tariffs on the chinese imports. This is as they review the with the dealing prospect of a slowing global economy. Flowyear earnings and cash
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