Anna welcome to bloomberg daybreak. I am anna edwards. Manus some breaking news from banks to oil. Kicking off with bmp. Anna reporting numbers. They have missed fourthquarter net profit. It came in at 1. 4 4 billion euros. The estimate was 1. 6 3 billion euros. It was a resilient business. The q4 trading revenue rising. But the pretax profit is down by 36 . They are booking a few items as well. Booking goodwill at their polish unit. Restructuring costs in their belgium belgian and australian units. They are trying to get to or targeting levels. They are also talking about caustic calving and investment in technology. Laying out the they are also anding about cost cutting investment in technology. Missing estimates in the Fourth Quarter. Manus this is one of the big nordic Oil Companies out there. Net loss in the Fourth Quarter. 40 million. Taking on an impairment charge. Fourthquarter net loss for statoil. Capital expenditure. Ceo wants to bring it down. For exploration, spending abou
Programs with coxe cuts. Slashing costson be enough to keep investors on board . Matt less than one half or now or wait till the open. European stocks futures pointing down after a down finish yesterday for both the u. S. And europe. The narrative here is that investors are concerned about political uncertainty, political terminal. As a result, fleeing for the safety of safe even assets. Are you seeing that on your gmm screen . Is lets see what happening. Mario draghi saying the euro is irreversible. Certain people in france may disagree with that. The markets on the equity front got smacked around yesterday. Italy down 2. 21 percent. The euro is weak for this morning, down by 6 10 of 1 . Trading at 106. 84. On the markets getting into gear now. Bond markets getting into gear. France tighten their tightened. Italy and greece both whiter. Wider. The focus on the periphery. It blair yesterday. That story looks like it may have traction. Thatep talking about throughout the program. Lets g
Countdown. I am anna edwards. Manus breaking news, let us take it off with statoil, the Norwegian Energy giant. The market was looking for profit of 294 million. That is considerably less, the understatement at the start of the reporting day. Adjusted earnings at 913 million, that was after 1. 3 billion Capital Expenditures cut, adjusted net loss at 28 million. The estimate was for a net of 294 million. They are holding on to their output guidance. However, they have cut down to 12 billion, the first of a feast, as it were, a breaking news. We will have the ceo, eldar saetre. Anna let us get on to another corporate breaking numbers, that is santander. The bank of course based in spain, but operates globally, they have given us a net profit in lineillion euros, with the estimate of 2. 8 5 billion euros. They say they have a goal of raising Dividend Per Share in 2016. A business that has a number of headaches, eliminating around 1400 jobs in spain just this year. Low Interest Rate enviro
How will the plunging Oil Price Effect statoils earnings . Plus the first interview of the day with the chief executive. Social climbers. Twitter and linked in shares soar after beating estimates. Welcome to countdown, i am mark arden. Barton. I am manus cranny. The u. S. Nonfarm payroll figures. We infer those. In the meantime, lets give you the numbers for stat oil. They are breaking across the terminal. He will be made with me a little later. Net income for the fourth quarter. Comes in at 9 billion kroner. The key is the dividend will be flat for the first three quarters of the year. The dividend remains for the first three quarters, no change. Capital expenditure, the other key issue. The trend is the same at statoil. A Capital Expenditure program reduced. 218 billion this year. The Cost Reduction program they will lift. To 1. 7 billion. Lift that to 1. 7 billion. They will provide total cash improvements of around 5 billion. The dividend remains intact for the next three quarters.