50 , the uk has joined their ranks. With brexit, we have seen a significant weakening of the pound. As a result Many Companies are announcing price increases. Thats happening as we talk. Ericsson swings to a loss in the Fourth Quarter as a slowing equipment demand forces the swedish firm to cut its dividend. The ceo will join us on street signs. Pints of profits at diageo as earnings rise in the first half of the year. The ceo tells how the drinks giant has been helped by the weaker sterling. We have about 1. 4 billion benefit on the top line, and over 400 million on the bottom line. Thats the fx benefit, even though the world is rocky, we are performing in a sustainable way. Hi everybody. Welcome to the show. We have so much going on this morning. Its been so busy. Were still early days, right . Still early in trade. Markets have been awake for an hour now. Were looking at the vast majority of European Equity markets trading in positive territory. Though weve seen a couple smaller mar
We have a great show lined up for you. Weis friday, which means bring you our weekly show brexit, whats next. We talk with the Aberdeen Assets Management cio for property. Of guest host for the chunk the show, the biggest chunk of the show, is an richards of mmg investments. You can see stocks pretty much unchanged. It seems this is probably my chart of the hour. Lets get straight to it. Tos brings europound back 1. 975. You can see currently where we are standing, 88. 93. We did reach 92 a little bit earlier on. We are seeing a bit of movement back to 88. Will we see parity . That is what reporters are watching out for. Market news, but first, the bloomberg first word news. Nejra chinas overheated Property Market shows signs of cooling last month as authorities stepped up homebuying. Prices read rose. Prices fell in six cities compared with four months earlier. A sewing Property Market may provide some relief for Property Markets without killing a main pillar of growth. The Hong Kong
I im in edwards. Manus and im manus cranny. Anna this looks to be a touch above estimates at the ebit level. The Second Quarter netted 312 million euros. This is a company we have to talk to about brexit. This is a business that operates in the u. K. What will they have to sell . They have said they will continue to invest in the u. K. In the immediate aftermath of the brexit vote. Two of their competitors merged in the u. S. Recently. We will be speaking with the asset manager at 7 15 u. K. Time. Manus the swissbased drugmaker netted 5 billion, just ahead of the estimate of 12. 2 billion. Sales will be broadly in line with the prior years. They are driving unchanged for the rest of the year. The core earnings came in at 23 billion. They have a huge amount of generic competition coming through. You can see Second Quarter sales beat on the headline earnings. The guidance is broadly in line with last year. They delivered a solid Second Quarter, despite the risk on aspect. This is one of
We are also seeing the effects of brexit. It is hard to see what the catalyst for change is here. The world is a volatile place and that is just a reality. Erik and bigname guests help us track global news and Global Politics and policy. The Democratic Party is trying to reach out broadly to americans. We have been seeing, since the beginning of the year, a significant pickup in the rate of money supply growth. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. For almost two years, yahoo has been under pressure to separate its core business from its investments in asian tech companies. And on monday, the big announcement finally came. It is official. Verizon is buying yahoo s operating business for 4. 83 billion in cash. This is like the mer
Strong effect from currency. We also see the effects from brexit. It is hard to see what growth is coming. The world is a volatile place and that is the reality. Erik bigname guests help us track big global moves and policy. The Democratic Party is trying to reach out to americans. Weve seen the significant pickup in the rate of money supply growth. Erik it is all ahead on bloomberg best. Erik welcome. I am erik schatzker. Youris bloomberg best, weekly review of the most important Business News, analysis, interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. From was two years, yahoo has been under pressure to separate its core business from its investments in asian tech companies. On monday, the big announcement finally came. It is official. Verizon is buying yahoos operating business for four point eight 3 billion for 4. 3 billion. There is a noncore component that will remain for the time being that will be sold off, but proba