Hundreds of outlets are still closed because of a problem with its chicken supply. In the christie goes you reach the first corner. In the christie goes you reach the first corner. And more heartbreak for Elise Christie as hopes of winning a medal at the Winter Olympics are over. Its 5 oclock. Our main story is the crisis at oxfam following allegations of Sexual Misconduct by some of its staff in haiti. The charity has revealed that thousands of people have stopped giving money in the past fortnight. Senior executives have been questioned by mps about the scandal and the head of oxfam gb Mark Goldring apologised wholeheartedly for remarks he made last week when he appeared to downplay what had happened. He also revealed that 26 more Sexual Misconduct allegations have been received by the charity as our correspondent matt cole reports. We should warn you there is flash photography from the top of matts report. If there was any doubt that the senior oxfam leaders were going to face a tou
Lay out his turnaround plan for the business. And wpp weak margins. The ceo says he should have done more in emerging markets. They are our most profitable markets now. I think over the coming years well be more aggressive and if theres one thing i regret about the last ten years, its that we didnt go faster. And a split picture for two of the worlds biggest asset managers, pimco owner allianz suffers. Okay, welcome to the thursday edition of Worldwide Exchange, plenty to get through today. Im looking at the Russian Military exercises down at the ukrainian border, 100,000 troops. Posturing, 150,000. Exactly. Well talk about that. Also on todays show qantas lays out plans to cut jobs and grounds some of its fleet after a disappointing set of numbers. Well get the latest from sydney. As weve been saying the russian flag is raised over the crimea Regional Parliament building. Well be in moscow for the latest. And some positive news from retailers stateside, jcpenney swings to a profit in
Confirms a possible deal with mylan. A merger could create a 23 billion company. Gloo and throughout the day, were at the workshop on the shores of lake como and theres criticism over the lack of action from d. C. Unimpressed about the with which the ecb is acting. Welcome to the show today. Plenty to come from the chinese computing firm lenovo, the brazilant development bank, good old richard koe will be joining us about an hour from now. Towards the end of the show, Luigi Zingales from the university of chicago. Jules is going to be there. Right now, though, we are just over an hour into the trading day in europe. Its all about the countdown to the employment report, as we know. The forecast is going to be 200,000. The numbers could be higher, 230, 240, Something Like that. Ahead of it, european stocks are weighted to the upside. Around about 6 3, thereabouts. Advancers currently outpacing decliners. U. S. Stocks down a little bit. The first fall in five sessions yesterday. Not far a
We are live from bloombergs headquarters here in london. We have another big interview to bring you with the u. K. Secretary of state for scotland. Support isask why starting to grow for Scottish Independence. That is according to the latest holing. U. S. Budget negotiators have unveiled a agreement to avoid a Government Shutdown. The house will consider the measures. Manus cranny is our markets editor and he has more on this story. Talk us through the details. An imperfect deal, but it is the spirit. They have raised the overall spending limit. They have reduced the deficit. They have done away with nearly 60 billion worth of automatic spending cuts. The military gets a little bit of protection. No tax hikes, that is the message on the republican side. There are revenue increases. Every time you get on a plane, if you are a federal employee, you will be paying more into your pension. Haveryan and patty murray a lot to sell to the house. News washer overnight the approval of the volcke
During their summit. The Vice President of the European Central bank says it is going to be a complete overhaul of the european banking landscape. Watch for murders and equities. Interesting. Thank you so much. Well get more on the u. S. Budget deal. In corporate news, youre watching and attacks. No big surprise here. Look at profit, look at sales. Significant challenges this year. Stronger euro diluting those earnings. King ofedly, still the fast fashion. We will talk about it later. Those Profit Margins are getting higher. Inditex opening one percent higher. Caroline, youre watching rbs. Set the drag the shares down. They are up by 1. 5 . Nathan bostock is going back to his old employer. Monthsse, it is just six after Stephen Hester, the chief executive tech problems last week. Concerns about pushing their own Small Businesses that they lend to into default. There is a lot to do and a lot to discuss on rbs. We have a lot of corporate news. We have everything that relates to macro. We