Good morning, everyone. Just gone 6 00 a. M. , lots of earnings coming through from the european banks. Let me recap ubs to start with. The key number is Second Quarter net at 1. 4 billion. The estimate was my hundred 57 million. Was 957 million. In terms of the Second Quarter profit pretax is up 3 year on year. Ubs Global Wealth management posting to billion dollars of outflows in the Second Quarter. Global Wealth Management nets new money, but overall the Second Quarter net beating. Sergio ermotti really seeing a revival of the fortunes in the Second Quarter after what he called one of the worst starts to the year in recent history. The bank posting its highest quarterly net profit in almost a decade, seeing a boost to the u. S. Wealth profit. Coming up, we will speak to the ubs Ceo Sergio Ermotti and get all the details. Dont miss that conversation with manus cranny later in the show. If you want to keep uptodate, there is a fantastic tliv blog on the bloomberg. Lets move on to sant
Anna ubs bounces back, posting its highest net income in almost a decade. After with the ceo calls one of air inst starts to the recent history. To look at the First Quarter, we have a weaker first two months and into march, things normalized. Coming into the first half. The u. K. Will learn the identity of its next Prime Minister at midday. Worst johnson is the favorite to take the top job. That deal. President trump announces a i partisan agreement to boost u. S. Spending for the next two years. Good morning. Matt good morning. Less than half an hour away from the european open and a lot going on. Let me take a look first at pound futures. Were looking at pound trading 124. It is headed down over the past few sessions. We will keep a close eye on this. And a is on standby for the new Prime Minister. Also looking at futures pointing higher. European equity indexes have risen for a couple of sessions. It will be three solid sessions. The ftse, the dax, and the cac all pointing to gains
And then march, things normalized. Francine welcome to bloomberg surveillance, good morning if you are watching from the u. S. And europe, good afternoon if you are watching from asia. Westminster, ahead of the knowts, the u. K. Will soon who the next Prime Minister is around midday. Pound. Ity in european stocks off but investors are breaking for a busy earning season. U. S. Corporate earnings potential developments, trade negotiations and oil stabilizing after recent gains. Hour, we will speak to the new leader of the liberal democrats at 9 30 a. M. London time. Here is viviana hurtado. European governments putting together a Naval Mission to provide safe passage through the persian gulf after iran seized a tanker last week. Jeremy hunt warns escalations will mean more Royal Navy Ships in the area. Let us be absolutely clear, on the international law, iran has no right to obstruct the her, itassage or board was therefore an active state piracy. Foreign hasns defended the move, saying
Iran reported that it has captured a British Oil Tanker in the strait of hormuz. The stena impero was bound for saudi arabia when the owners say they lost contact with the vessel. There are 23 personnel on board but no british citizens are among them. It comes after an iranian vessel was captured earlier this month. James robbins reports. This is stena impero, built only last year, british flagged, 183 metres long, now in the hands of iran, together with her 23 crew. Routine satellite tracking of the tanker shows her under way from the emirates of fujairah, around midday, heading north, staying well inside International Waters of the gulf until this happened. Just after three oclock, the 30,000 ton tanker diverts seriously off course. Her last known movement was around four oclock, inside iranian waters. The owners, stena bulk and Northern Marine management, say in a statement and then you s tonight that a second ship had been seized, iberian registered. It has been released. Jeremy hu
Reality. So, we need to keep working and hopefully this will happen. Were on the eve of the netball world cup in liverpool, where 16 teams from around the world will be competing. The hosts england are hoping to win the event for the first time. And will be feeling confident having beaten australia to gold at last yea rs commonwealth games. The ticket sales here have been enormous, the quality have increased incredibly with the advent of the super leaks incredibly with the advent of the super lea ks around the incredibly with the advent of the super leaks around the world, so we have more nations in this world cup that can be Medal Winners than ever before, so it is going to be exciting around the court and a lot of engagement and a fantastic event and showcase womens netball alongside the fantastic coverage that womens football has recently had. Thats all from sportsday. Coming up in a moment, the papers. Hello and welcome to our look ahead to what the papers will be bringing us to wh