Welcome to bloomberg daybreak our flagship morning show in london. Matt miller back in the german capital. Great to see a map. Lets get some breaking news on ubs. Surprised investors with the drop in financial strength. The capital rates rising to 13. 7 in the month through september. Net income rising 14 . That could come in below estimates. Wealth management is the banks core business, contribute 500 million francs, that is up. A little more appetite for risk. We will also hear from the ceo of ubs. Matt we have a couple of headlines. Are goingnd clarion to abandon their merger. These headlines are just crossing the bloomberg terminal. It is going to avoid paying, so it will save 300 million. Huntsman and clarion mutually come to this decision. Speaking of deals, we have a headline crossing the Bloomberg Lafargeholcim and talks. Theyre going to reset their 2017 and 2018 outlooks after thirdQuarter Sales came in at 6. 9 billion ahead of estimates. Generally in line with estimates as fa
Anna a warm welcome to Bloomberg Markets europe. Im anna edwards. Of in we will get a chart a moment but were waiting to bring some earnings for you. Anna weve got numbers from santander coming for you. Ahead of the forecast of 1. 73. In terms of the full in loaded ratios, the aim is to list the ratio above 11 by 2018. Ad loans ratio at 3. 74 a host of updates coming through come most of which are doing better than expected. Political stability in brazil was one of the expectations going into this. It got a boost from the strengthening reality in the of the strengthening rial, talking about improving performance in the banks 10 main markets. They plan to raise the dividend. We will speak to santander later this morning, the cfo will join at 7 20 u. K. Time. Manus big news from Credit Suisse, the decision was whether to go for more capital. A 4 billion swiss franc rights issue, the proposition was around 3 billion after the market but they might get swiss business. They decide to raise
Anna a warm welcome to bloomberg daybreak europe. On anna edwards. Manus we have a feast of breaking news for you. A headline on airbus first of all. Adjustedst quarter ebit against an estimate of 326 million. Theyre confirming the forecasts and giving numbers for orders in revenue as well. Theyve been facing some production glitches thats been afflicting them with the newest in their highmargin jets facing some of the problems. They have suffered problems because of shortages from suppliers. Two suppliers both said they were addressing the issues but perhaps its something thats giving the Company Policy for thought this morning. Thats one of the companies were covering, airbus saying adjusted Free Cash Flow has come in at 1. 6 billion euros. Manus lets talk about the World Biggest cancer drug maker, roche. The company confirmed its fullyear there were talking about 2017 as being low mid singledigit growth and they been hoping to raise the dividend. ,irstquarter sales is a beat 2. 70 7
The work surveillance in london. This is a after the weekend of terror in london we will be live to the scene of the attack and to westminster with the latest on the investigation and a knock on effect this will have on the u. K. Election. Its on thursday, june 8 that the u. K. Kosovo. We will be joined by anna and nejra in just a second. But first heres first word news. Lets get started with oil here. For countries like by saudi arabia cut diplomate ties with qatar and access to the nation started over and its support for the muslim brotherhood. Rex tillerson has urged members of the Gulf Cooperation Council to remain unified. We encourage the parties to sit down together and address these differences. If there is any role we can play in terms of helping them address those, we think its important for the gcc remain unified. Says present jamie dimon says the bank is hoping to get up on the license in the country and would consider another venture in asias largest economy. Progressave m
The ting jay y. Lee as investigation into south koreas scandal looks to iden to other conglomerates. Takata surges in tokyo after maker ubled airbag settles on a billion Dollar Settlement in the u. S. And with trade data from china will the implications of presidency be reaching. Examining reaction to at whats ng going on as far as the yuan goes, were still about 29 inutes away from the start of trading here in Hong Kong China a mixed picture when it comes to whats happened so far. Who is ve look at coming online and how they are changing the narrative. Malaysia, all starting their session. Kick off with in thegoing on, currency space given that a dollar is showing weekly loss. Fed chair yellen bolster the case of tightening policy. Traders tell us that funds overnight low to further unwind dollar ong positions and that laernl exporters are seen elling the yuan keeping below the 1,200 yuan level koreafter the bank of held its rate at 1. 25 , as largely expected. We do have gold steady