Straight after their investment release. Reports that the nsa and british spies stole its da a at that. Gemalto says it is investigating but cannot verify the claims. Be and welcome to the show. Were gettinging pmi da a at that. The composite number has come in at 53. 5. Its higher than the january number which was 52. 6 and slightly higher than estimates. Weve got the Services Number which has come in at 53. 9. Thats higher than last month which was 52. 7. The manufacturing number which will have also just come out, let me find that for you, at 51. 1 sleetly belowslightly he below. It follows the jerman and french numbers. Both of those echoing similar sentiment. Manufacturing slightly weak but nothing too significant as you can see the euro dollar has weakened. It has. One of the bright spots was german data. Stronger than expected growth in the Service Providing sector expanding faster in the month of february. But despite that data investors seem to be focused on the headline numbe
I am mark barton. As London Fashion week begins we will tell you how much the industry breaks for britain. We will tell you about londons next generation. Crunch talks in brussels over greeces proposal to extend its european loan row graham. Faxed yesterday the greek loan program. Yesterday the great Prime Minister said he has a positive conversation with Angela Merkel hours after her finance minister dismissed the loan extension request. The german rejection prompted an angry rejection from greeces deputy pm. We must realize at this moment it appears there are powers that would like greece on its knees so they can impose their will, and i believe we can all think of what helps our country and what helps these powers. Lets get the latest from brussels. Hans nichols is there. Are the germans prepared to negotiate or not . They apparently are leaving the door open to negotiations. I am going to give you for data points. Two of them are negative in terms of a deal. Two of them are positiv
They lower their overall Sales Forecast. The bed with has narrowed. A difficult year. Fragile. That is the language of one of the biggest makers in the wo rld. Telecom italia the pace of sales slowing down. The pace has abated somewhat. Trying to save the debt status for Telecom Italia. Markets disappointed with those fourthquarter numbers. Sales declined by 4. 1 . Why do i bring up brent . Because i think ukraine and the ruble story isnt something that has been pushed off the agenda because of greece. If you look at dollar ruble, what you have is the dollar declining ever so slightly. You have this momentum because you had a big shift in dollarr uble over the past 30 days. You can see the dollar down. And ruble really appreciating getting back to the 60s zone. This rally is the biggest rally almost on record. Will brent stay above 60 . That ties into every single nuance you see on the dollar ruble. Breaking news out of france. The pmi coming through for the month of february. The pulm
Welcome. Youre watching the pulse live from bloombergs European Headquarters. Were here in london. Im guy johnson. Im francine lacqua. It was a beat for barclays. An extra 750 Million Pounds were set aside for the currency probe. Anthony jenkins spokes to us first. This comes back to how do you reshape a beast . Do you cut off the legs . Do you cut off the head . What do you do . Jenkins is trying to put his stamp on this bank. He is dealing with expenses. He is dealing with legacy issues. When it comes to Foreign Exchange, that is a perennial issue. He didnt settle before christmas where he would have got a discount for doing so with a number of regulators. My question is should you gone with the rest of the crowd and taken that hit a little bit earlier. Did he make a mistake . He was quite optimistic though on the overall performance. We are required to provide what we can reasonably estimate at this time. I cant completely say that will be the end of the Foreign Exchange version, th
Unemployment in italys still at record levels. European unemployment at record levels, near record levels. The markets are trying to make up their mind. The dax relative to the rest london up by 4 10 of 1 . Lets see if the commodities are doing anything. Three companies which caught my eye, vivendi delivered the numbers on friday night. The revised the numbers they revised the numbers because of an Additional Charge in regards to mortgage related litigation. Morgan stanley settled their mortgagebacked litigation last week. It prompted Credit Suisse to take this move. They have up their provisions upped their provisions for litigation. Alcatellucent will return this year and be paid cash. The ceo we will talk to him tomorrow. Caroline has him on her roster of guests. The bounty vivendi is down 4. 65 . They plan to return almost 6 billion euros to shareholders. What is interesting is the net income came in at 2 billion. That was 550 a year ago. Lets keep an eye on vivendi. That Share Buy