Agreement, signed with the soviet union during the cold war. Downing street reacts angrily as eu documents describe gibraltar as a colony and calls its status co ntroversial. Coming up on afternoon live all the sport with Hugh Woozencroft and its a big day for englands cricketers. Indeed, it is. The second day of the second test is about to begin. England will need to take west indian wickets quickley to wrestle back control of the match and the series. More sport in half an hour. And the weather. I dont know if can see it but im showing this picture to show you its not all doom and gloom about the weather at the moment but ben is very much in the heart of an area that is causing further concern with yet more snow to come for some southern counties of england with the rest of today. I will have all the details in the next half an hour. Thank you. Also coming up tributes are paid to the comedianjeremy hardy who has died at the age of 57. Well be talking to his friend, jack dee. Good aft
Elon musk has clinched a deal to buy twitter for 41; billion cash, in a transaction that will shift control of the social media platform, populated by millions of users and global leaders, to the worlds richest person. It is a seminal moment for the 16 year old company, which emerged as one of the worlds most influential public squares, and now faces a string of challenges. The deal represents a near 40 premium to the closing price, the day before musk disclosed he had bought a more than 9 stake. Even so, the offer is well below the 70 range where twitter was trading last year. Joining me now is daniel ives, managing director, equity research. Daniel, is this a good dealfor the company, for twitter . For twitter investors, the company, for twitter . Igrr twitter investors, they are pppin9 twitter investors, they are popping champagne, because without musk, this is a stock probably less than 30. Twitter has been behind the eight ball, thatis has been behind the eight ball, that is why m
good to have you with us. let s start with the banking giant hsbc which has just released its latest annual results showing pre tax profits soared by nearly 80% to just over $30 billion. the record high annual profit was marred however by a $3 billion impairment on the bank s stake in china s bank of communications. hsbc makes most of its money in china. joining me now is the independent banking analyst frances coppola. who s been having a look at the numbers. hello to you. so, record earnings, a big number but not as good as expected? no, and they were down on the communication stake, 3 billion, quite a big kid in the fourth quarter last year. the really rather reflects the weakness of times economy and i would much worry for hsbc s management because they do make a significant batch of earnings in asia and particularly in china. ~ . ., , china. what was really the fuel further this china. what was really the fuel further this big china. what was really the fuel further