how susceptible is british airways and its parent company to those facts? the fuel - is a big deal, tracking about 50% higher than was this time last year and that is a major cost for airlines. it does have an effect but like thatjoke about running from a bear, or you need to do is run faster than the other person. because of the diversification of the iag portfolio, they have a mix of different kinds and different business models and they can optimise reasonably well within europe. you talk about europe and we are coming up to brexit to become much of an impact will that have on this company? i cannot believe the level of reassurance that people are giving each other that things will carry on as before because from april the european commission mentioned we will be a third country as of march next year unless something happens. the logical thing from a business point of view is that something happened that the default is that it does not. and that leaves iag in a difficult position compared to european competitors. have they addressed this? there must be a

but we were against british airways, with 300 plus planes. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. and so every year we hope british airways will launch a dirty tricks campaign against us. david: people like the fact that you are the against the establishment airline. what is now called the eye, the big ferris wheel in london, british airways was supporting it and they could not get the thing to work. and you rented a -- was it a blimp? richard: we actually had a small blimp company, and we scrambled the blimp and we flew over the eye as it was still on the ground. the only reason we would go into a new sector is if we felt it was being badly run by the people. david: it turned out pretty well, and you begin building other companies. did you always think that the name virgin and your creativity could get them off the ground? richard: again, the o

but we were against british airways, with 300 plus planes. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. and so every year we hope british airways will launch a dirty tricks campaign against us. david: people like the fact that you are the against the establishment airline. one time i read that what is now called the eye, the big ferris wheel in london, british airways was supporting it and they could not get it assembled and the cannot get it to work. and you rented a -- was it a blimp? richard: we actually had a small blimp company, and we scrambled the blimp and we flew over the eye as it was still on the ground and all the world's press were there to watch this be erected. and always said was they cannot get it up. and they cannot get it -- and we wrote, british airlines cannot get it up. we got the headlines, they didn't. david: it turned out well

british airways‘ parent company is on track for growth in 2018, but has been plagued by strike diruption and rising oil prices. we'll look at how the airline industry is faring in the current climate. the british heatwave has injected $40 million into the economy because of staycations and outdoor dining. so are you spending more because of the heat? is it meals out? new summer clothes? industrial fans? just use the hashtag #bbcbizlive. hello and welcome to business live. a packed and busy programme for you. apple is now the world's most valuable publicly—listed company. shares in the iphone maker closed at a new record high of $207.39 on thursday, meaning it's beat silicon valley rivals amazon and microsoft to be the first us company worth $1 trillion. it is now worth more than exxon mobile, procter & gamble and at&t put together. apple shares have been rising since tuesday when it reported better than expected results for the three months tojune. but its rivals are hot on its heels. here are the five most valuable us companies by market capitalisation, and you notice that they are al

but we were against british airways, with 300 plus planes. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. and so every year we hope british airways will launch a dirty tricks campaign against us. david: people like the fact that you are the against the establishment airline. one time i read that what is now called the eye, the big ferris wheel in london, british airways was supporting it and they could not get it assembled and the cannot get it to work. and you rented a -- was it a blimp? richard: we actually had a small blimp company, and we scrambled the blimp and we flew over the eye as it was still on the ground and all the world's press were there to watch this be erected. and they cannot get it -- and we british airlines cannot get it up. we got the headlines, they didn't. the only reason we would go into a new sector is if we felt it was being ba

but we were against british airways, with 300 plus planes. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. and so every year we hope british airways will launch a dirty tricks campaign against us. david: people like the fact that you are the against the establishment airline. one time i read that what is now called the eye, the big ferris wheel in london, british airways was supporting it and they could not get it assembled and the cannot get it to work. and you rented a -- was it a blimp? richard: we actually had a small blimp company, and we scrambled the blimp and we flew over the eye as it was still on the ground and all the world's press were there to watch this be erected. and all they said, ba cannot get it up. and they cannot get it -- and we we got the headlines, they didn't. david: it turned out well and in you began building other companies. d

we were against british airways with 300 plus planes. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. so every year they hope british airways will launch a dirty tricks campaign against us. david: people like the fact that you are the against the establishment airline. one time i read that what is now called the eye, the big ferris wheel in london, british airways was supporting it and they could not get it assembled and the could not get it to work. and you rented a -- was it a blimp? richard: we actually had a small blimp company, and we scrambled the blimp and we flew over the eye as it was still on the ground and all the world's press were there to watch this be erected. and we wrote, b.a cannot get it up. we got the headlines, they didn't. the only reason we would go into a new sector is if we felt it was being badly run by the people. the rece

month's in a statement british airways says the route is currently not commercially viable the u.s. re-impose sanctions this month after pulling out of the two thousand and fifteen year deal you're up to date with headlines next up it is my cuba life around. me always now might even miss a. lateral. play go blow duffy took the. pill to be. more of a radio would not be in the lead i might even say that with you know in their ability to honestly buy via the mob. that blows they still days things that open the back is this really nice you know is it really daddy's sad that. day and back. yeah maybe. i mean it was somewhat of a. guy who had been a samian but he made him the owner of the town of called overlooked i'm going to. be that way oliver said that again you know thinking about i needed somebody in brilliantly you know i'm going to answer and i said yes that's. all they will say my faith in you and it would be that they're. equal to the. basement. and us only thing i knew it. was me so this is. how they let me get in your way and yet. not only know what i'm more see. by morning i

british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. every year we hope british airways will launch a dirty tricks campaign against us. david: many thought you were the antiestablishment airline. what is now the big eye, the ferris wheel in london, british airways was supporting it and they could not get the thing to work. you guys rented a blimp? richard: we scrambled the blimp and we flew over the eyes it was still on the ground. the only reason we would go into a new sector is if we felt it was being badly run by the people. the reason we went into trains was the government was running trains. british rail was dilapidated trains, a miserable service. we felt we could motivate the staff, we could make a big difference. so we took over the busiest line in britain, the west coast mainline, and went from 8000 passengers to nearly 40,000 passengers and transforme

airways backed its full-year guidance and said they expect to deliver a rise in 2018 operating profit given current fuel prices and exchange rates the ceo says the group is not in active takeover discussions with norwegian airlines, but continues to look at the carrier. >>> singapore airlines has been voted the world's best airline you can head to cnbc.com to find out more about its success and how it soared to the top spot. i experienced them quite a few times. had the pleasure >> lucky you >>> mediabanca shares are jumping after elliott has declined to comment on whether they have a stake in the bank.

. >> she says it was a miracle she got through to british airways. >> i'm in a hurricane. >> barbara says the airline refused to rebook her flight, even for a change fee. >> saying it's not my fault that you went to the caribbean. >> the hurricane slammed. barbara was desperate. >> i said i don't care. i will fly anywhere you're going. >> there was one last hope, a flight to madrid. she took it. >> took all my money. it took all my frequent flier miles. >> british airways refused to refund their ticket despite the hurricane. after a year of disputing the charge, barbara contacted 7 on your side and we contacted british airways. the airline said we did everything we could to accommodate our customers who had their travel plans disrupted due to the hurricane last year. while the customers' flights on british airways were not impacted by the storms, we were pleased to be able to help with a credit for travel and gave barbara $500 plus a $500 voucher. >> thank god for 7 on your side. >> now, as you can see, missing one flight had this huge domino effect of causing barbara to miss all the

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh actions on the country be a set that means the number of business customers flying to iran has fallen making your peroration commercially viable or the airlines are the latest in a string of european companies putting out of iran others include the car giant version departure of those companies of course reducing demand for flights and. flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailless to take part in her project the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker lydia which was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself now lady has organized them and given those migrant tailors jobs. or i wanted to do more i wanted to learn more about the world i wanted

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh actions on the country be a set that means that the number of business customers flying to iran has fallen making your peroration commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant version departure of those companies of course reducing demand for flights and an austrian. flight to iran. and what's the dressmaker from broadway and the new york city ballet doing in rome well she's bringing together skilled migrant tailless to take part in her project the sewing collective is helping to transform the lives of the new the arrived migrant titus. dressmaker was doing volunteer work in the in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself naturality has organized them and given those migrant tailors chops. or i want to do more i wanted to learn more about the world i want

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh sanctions on the country b. a said that means that the number of business customers flying to iran has fallen making the operation commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant's dime version departure of those companies of course reducing demand for flights and . stopping flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailors to take part in her projects the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker lydia which was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself now that he has organized them and given those migrant tailors jobs. for i want to do more i wanted to learn mo

airways how much pressure is there from the white house. what it really links to the u.s. economy the u.s. is still the biggest and most important economy in the world to assume a certain extent we all have to dance to the u.s. is chewed the trade issue is much bigger than the sanctions issue we worry over here in europe a lot about trade wars of course we're in some thirty percent of our g.d.p. from exports the u.s. it's some fifteen good news is the u.s. and e.u. seem to have seen signed some kind of truce since the younker trump meeting some two weeks ago now we have to focus on the u.s. china issue latest news there is there's no real progress so we could see some more escalation of the trade war between the u.s. and china that will be tough for markets to deal with. bearing that bank in london well saudi arabia does not take kindly to being lectured on human rights by other nations canada recently plunged into a diplomatic spat with riyadh over the release of saudi activists from detention in germany stands to lose out on new critics b

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh sanctions on the country b. a said that means that the number of business customers flying to iran has fallen making the operation commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant's dime version departure of those companies of course reducing demand for flights and austria and. flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailless to take part in her projects the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself. has organized them and given those migrant tailors chops. or i wanted to do more i wanted to learn more about the world

and have already said they're pulling out and airlines british airways and air force will no longer be fine to tehran in a tweet us ambassador to germany richard no welcome the news of just saying it was proof that sanctions are working. is that the case let's get the view from frankfurt our financial correspondent is standing by daniel cope daniel the sanctions working i mean obviously this is hurting european companies in the business they were generating in iran so it's also hurting the iranian people but is it meant to be about a nuclear deal. well then one thing is very clear this strong rhetoric that we heard for example from the u.s. president and also from the u.s. ambassador here to germany has made many companies extremely ward we have to remember the interview where the u.s. ambassador said that companies who continue doing business with how he calls it the regime can't accept business big business anymore with the united states or lots of companies have pulled out you mentioned already a few of them already also arabs for example they can sell a megger deal they wanted to d

airways. he says he feels assured that there will not be planes grounded here in the uk, there will be some sort of agreement that will be transported —— an agreement for transport copper hands the eu and therefore people should not panic. things will be sorted out, he even says we have dealt with situations with big problems and challenges before. dealt with situations with big problems and challenges beforem dealt with situations with big problems and challenges before. is a project we're again?” problems and challenges before. is a project we're again? i think the planes being granted always was project fear. the big story is nonsensical slyly, because in fact the pound did not really drop at all. it fractionally went down against the dollar, it is actually up against the dollar, it is actually up against the euro on the day. the point is that it is weaker than it was a few months ago, so that has nothing to do with what mark carney said. it is always dangerous to write stories about

turning to corporate news, shares of the british airways though from disappointing quarterly results. was 835 million year but 6% from last below analyst forecasts. strikes by air traffic controllers are partly to blame. toyota has reported a rise in its quarter we profits. the record profit exceeded analyst expectations. that is thanks to strong sales in the u.s. another markets. cap a full-year forecast unchanged. heineken has struck a major deal with the biggest chinese brewer. the partnership will see heineken take a 40% stake in the chinese beer company. they will get a strong distribution network. giants face fierce competition and american markets. anchor: we have sweltering temperatures here in europe, including here in france. it's affefecting many industrie. >> there are precautions being taken. affectingngs eveverything. they are trying to keep workers cool. >> the heat hits with a hammer. it is rising in france. industries are struggling to cope. electricity begins to suffer. this power plant had to shut down one of its reactors. the temperature of the cooling water must b

helena: british airways and air france will no longer be flying to iran, saying they are concerned about profitability. the announcement comes after the united states imposed fresh sanctions on the country. airlines are the latest and a string of european companies pulling out. others include carmakers. it apart or of those companies reducing the demand for flights. -- departure of those companies reducing the demand for flights. ryanair has reached an agreement with the union representing irish pilots. no further details are known, but europe's second-largest airline has been negotiating with pilots and cabin crew in several country over working conditions and pay since last year. the biggest strike two weeks ago caused chaos at the airports. the new deal in ireland may be used as a model for agreements in other countries. and back over now to brent. brent: thank you. we'll go to malta. the trial of the captain of a german aid ship that rescued more than 200 migrants in the mediterranean. that trial resumed today, only to be postponed for three weeks for procedural reasons. originally,

they're suspending flights to iran's capital tehran for next month and a statement british airways says the route is currently not commercially viable the u.s. reimposed sanctions of course this month after pulling out of the twenty fifty nuclear deal and it's threatening to punish any company doing business there to iran's ambassador to the u.k. says the decision is regrettable and that demand on the route does remain high at least one hundred fifty migrants are stuck on a coast guard ship after being refused entry to italy italy's far right interior minister said those on board are illegal immigrants and won't allow them to set foot in italy he wants other e.u. nations to take in the refugees and official from each of these human rights offices ninety percent of the people on board are from eritrea the rest from syria sudan and somalia but he's in argentina of carried out raids at homes owned by former president cristina fernandez part of an investigation into widespread corruption involving many of argentina's former government ministers and business elite anticorruption offices the

a british airways crash in london, a devastate fire in las vegas, to a fire on an american plane in chicago, now durango, mexico. >> and tom tells us that is som airports hav an alert system that detects down drafts or but mexico's transport department hasn't said whether e airport in durango has such a system. >> a student set to enter his freshman year at geo may not be able to afford it because his parents t refus pay his tuition after finding out he was a gay. seth owens was a koval dickf torrian o his class. he has a partial scholarship. his parents sent him to their church for conversion therapy. his former teacher start aid go fund me page to raise tuition, and so far it's raised abo $80,000. >> in letting me walk out the door, they were sayg we don't care where you're sting, if you're safe. our religious beliefs are more important. >> georgetown deaied the a but they say they do work with students whose financial circumstances change after they are aitted. >> kicking, punching, pepper spray? l over a wig. this is video we showed you first on news4 this afternoon. surveillance footag

month in a statement british airways says the route is currently not commercially viable united states three impose sanctions this month after pulling out of the two thousand and fifteen deal it's threatening to punish any company doing business there the u.k. government has released its contingency plan and if britain crashes out of the e.u. without a deal the brakes it minister has warned companies that they might face a tangle of red tape border delays and costly credit card payments if the government fails to negotiate an exit deal with brussels or honestly reports now from london. there was a time during the long saga of brics it's when prime minister to resign may used to say maybe it is best to do no deal for britain is better than a bad deal for britain so i said on many occasions that no deal is better than a bad deal by which she meant that falling out of the european union without a trade deal was better than one which didn't reflect the referendum results but now it's becoming clear what no deal might look like and it's giving people the shivers food shortages if fresh prod

demands by pulling out of iran including british airways and air france which aground and flights to that's despite a revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions. germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependence swift firsts us sanctions are back in force and the situation itself strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticised donald trump emanuel said europe's historical partner seems to turn his back on this common history you know minuscule. defer sweat which is a burden on our shared

airways crash i london and devastating fire in las vegas to a fire on an american plane in chicago, now durango, mexico. >> the big concern as with all these other accidents that are survivable, people are still taking carry on luggage with them. you got to leave it behind. your life is more important than yr carry on baggage. >> reporter: investigators will b asking this pilot why did he try to take off in this terrible storm? many experts say they would have waited it out on the ground. >> tom, i was fascinated by the video taken by the cell phone in the plane. what will a trained eye be looking at that might glean some idea what caused this? >> reporter: it's part of the bture. they have the black boxes that will help but the video will help them understand what went wrong and what went right. why did so many people survive and what can we learn from that from t years ahead? >> miracle tom costello, thank you. >>> now to a stunning twist in the murder of a renowned cardiologist who treated former president george h.w. bush. the doctor shot ask killed while riding his bike and pol

we have seen companies though pulling out of iran — british airways, klm france, the energy giant, total, alliance, the danish tanker, maersk. these are all companies that are pulling out. there is nothing that you can do to keep the deal alive and that seems to be being recognised by iran as the supreme leader said, "keep contact with the europeans but you should give up hope on them over economic issues or the nuclear deal." well, a lot of these major companies you mentioned are in a difficult position, because they had to decide to continue their economic corporation, their business in the us or in iran and, of course, many of them will decide then to go on to the safe side and turn towards the united states. we have to accept this decision — it's absolutely understandable. but what the european union can do is to help those small and medium—sized companies who invested in iran, and we encouraged them to invest in iran, and now are facing some economic problems. so i think the european union should concentrate on the small to medium—sized businesses from europe operating in iran

british airways and air france will no longer be flying to iran saying they concerned about profitability in ousmane comes off the united states impose fresh sanctions on the country the airlines are the latest in a string of european companies pulling out of iran out this include college giants dima and persia the departure of those companies of course reducing demand for flying. stopping flights to iran. for the twenty two hour session of talks low cost airline ryanair has reached an agreement with the trade union representing irish pilots there for the details of the deal tonight at this stage for europe second largest airline has been negotiating with pilots and cabin crew in several countries they have a working conditions and pay since last year the biggest one day strike two weeks ago caused travel chaos that many at whose affecting fifty five thousand passengers in one day and night and maybe uses the model for agreements in other countries. and is that brant i want to thank you very much we're going to malta now the trial of the captain of a german aid ship that rescued more than

the owner of british airways, iberia and aer lingus reports are revealing its latest results. on the markets, asian stocks are following wall street's lead this friday. tech stocks have moved things forward but investors are still worried about the trade spat between beijing and washington.

airways, who is saying that all this kind of talk about planes being grounded and not flying because they wouldn't have certification, etc, that leaves him fuming. he is saying, look, this is obviously a challenge, but he believes that there will be, he says this in the daily telegraph, there will be a competence of agreement and planes will fly, even if there are some pickups and challenges to face. —— comprehensive agreement. inevitably, brexiteers are having a go at mark carney. he issued some dire warnings even before the referendum, didn't he? he did, he has been a bit of a figure of hate. people on the brexit site, although personally i think that he is entitled to make these points, it is perfectly reasonable for him to set out what he sees as the consequences. and again, what he has actually talked about here is in -- is has actually talked about here is in —— is that it is in both sides' interests for there to be a deal. he is not saying it is only us who will suffer. he has made the point, as have others, that the city of london, the trading relationship and so lond

we have seen companies pulling out of iran, british airways, danish mirsky. there is nothing you can do to keep the deal alive and that seems to be recognised by iran as the supreme leader said, we can keep contact with europeans not give up on the nuclear deal. a lot of the countries you mention are in a difficult position. they have to decide to continue their economic corporations in the us or iran and of course many of them will decide to go on to the safe side and turn towards the united states. we have to accept this decision. but what the european union can do is to help those small and medium—sized companies who invested in iran and we encourage them to invest in iran and are now facing some economic problems. i think the european union it should concentrate on the small to medium—sized businesses from europe operating in iran is that at least we can continue at the economic co—operation that but large companies leaving, that was in the end to be expected. do you think europe has less power now than it has had in decades? the european union is s

british airways are the main users of heathrow. they aren't blaming the airport, this is a border control problem. the issue at the moment as at his peak time, large volumes are coming through heathrow. the number of passengers heathrow is dealing with is going up and up year by year. the aviation industry is expanding, heathrow is expanding so the pressure is getting greater. at the pressure is getting greater. at the same time, border forces had the pressure is getting greater. at the same time, borderforces had its budget cut. even with improvements in technology there is the possibility there are fewer border staff dealing with higher numbers of passengers. during the period of peak demand in the summer months, delays are going up. depending on which terminal it's between 25 and 50% of the time passengers are facing excessive delays. what other government saying about border force ? government saying about border force? it's a question of staffing levels, effectively. the government says it is responding and has deployed an ext

airways how much pressure is there from the white house. well it really links to the u.s. economy the u.s. is still the biggest and most important economy in the world to assume a certain extent we all have to downs to the us is chewed the trade issue is much bigger than the sanctions issue we worry over here in europe a lot about trade wars of course we end some thirty percent of our g.d.p. from exports the u.s. it's some fifteen good news is the u.s. and e.u. seem to have seen signed some kind of truce since the young trump meeting some two weeks ago now we have to focus on the u.s. china issue latest news varies there's no real progress so we could see some more escalation of the trade war between the u.s. and china that will be tough for markets to deal with talking of markets and what they have to deal with because president donald trump in an interview said today that if he was to be impeached that would be a big problem for markets let's just listen to what he said exactly. i'll tell you what if i ever got a ph i think the market wou

the owner of british airways — international airline group — has announced its second quarter results today. pre—tax profits rose by 6.3% to £789 million for the period april to june. iag's bottom line was booster by 2.3% rise in passengers. the firm also said its costs excluding fuel fell by 2%. i'm nowjoined by sally gethin, who's the editor of gethin‘s inflight news. sally, thank you forjoining us. firstly, these results came in underestimate, so we did see the share price fall a little this morning, round about 3%. however, they seem to be more concerned about industrial action with air traffic control. yes. obviouslyl industrial action with air traffic control. yes. obviously i ag has a big vested interest in smooth over flights across europe. it is very concerned. france is proving a big sticking point at the moment was not only 83 staff shorter sids, but also action by traffic controllers. this is not just action by traffic controllers. this is notjust disrupting iag, but other carriers. these groups together are starting legal action and lobbying the european commission t

airways how much pressure is there from the white house. well it really links to the u.s. economy the u.s. is still the biggest and most important economy in the world to assume a certain extent we all have to downs to the us is chewed the trade issue is much bigger than the science issue we worry over here in europe a lot about trade wars of course we're in some fifty percent of our g.d.p. from exports the u.s. it's some fifteen good news is the u.s. and e.u. seem to have seen signed some kind of truce since the young trump meeting some two weeks ago now we have to focus on the u.s. china issue latest news varies there's no real progress so we could see some more escalation of the trade war between the u.s. and china that will be tough for markets to deal with talking of markets and what they have to deal with because president donald trump in an interview said that if he was to be impeached or that will be a big problem for markets let's just listen to what he said exactly. i'll tell you what if i ever got a ph i think the market would pr

the boss of british airways has criticised the long queues at heathrow and says arrivals faced waits to get through control. alex cruz wrote a letter to the times saying the queues are significantly worse than any other major hub across the world. the letter is in response to proposals for uk only lines after brexit. join us for uk only lines after brexit. join us in the next hour when we will be speaking more about pepsico whose chief executive is stepping down. you can read all about it on the website. in the markets... that's all the business news. a new bollywood film called gold explores india's first win at the olympics after gaining independence. it was at the london olympics of 19118 where they beat great britain in the hockey final. the film was shot largely across yorkshire and features the bollywood superstar akshay kumar. haroon rashid has been speaking to him. india beat great britain, the country who ruled over them for nearly 200 years, at the olympics in 19118 to claim a gold medal in hockey. it was just a year after they gained independence and became a free nation.

demands by pulling out of iran including british airways and air france which aground and flights to tehran that's despite revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions now germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article hike i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependence swift first's u.s. sanctions are back in force in this situation it's off strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticised donald trump emanuel said europe's historical patna seems to turn his back on the scar on his street. you know. the first threat which is a burde

the parents of british airways hold second quarter -- quarter earnings of missed estimates. of air traffice control strike at exchange rates that reduced the value of u.k. sales. the shares fell the most [indiscernible] -- bookings are healthy on the north american routes which are lucrative. scotland the bank of has laid out a plan to pay off a dividend. of that.with the cfo >> it is a huge event for the bank. 2007 was the last time we paid a dividend. we need to sign the department of justice agreement with rbs they announced a three months ago. once it is signed, we declare today to pay our first interim dividend. i think it is a great start. two cents a share, could that increase? >> we expect it to. capital ratio has been healthy. it is above 16%. we have a long-term target of 13%. not only are we city -- sitting on a lot of at the moment, the bank is back to earning regular earnings. the rbs ceo speaking earlier. that is the latest. caroline: more executives for you now, let's stay with earnings. alliance improved stability and exceeded estimates in the second quarter.

airways backed its full-year guidance and said they expect to deliver a rise in 2018 operating profit given current fuel prices and exchange rates the ceo says the group is not in active takeover discussions with norwegian airlines, but continues to look at the carrier. >>> singapore airlines has been voted the world's best airline you can head to cnbc.com to find out more about its success and how it soared to the top spot. i experienced them quite a few times. had the pleasure >> lucky you >>> mediabanca shares are jumping after elliott has declined to comment on whether they have a stake in the bank. an italian newspaper reported that the activist investor built a 1% stake and was looking to go further. >>> shares at william hill have fallen sharply after it reported a loss of more than 800 million pounds the british betting company warned of new charges because of tougher uk regulations on gambling terminals they saw a boost in operating profit as they eye the u.s. sports gambling market >>> if you have any thoughts on what we've been reporting, get in touch with us any thoughts o

if confirmed she would secede mick mulvaney, acting director >>> british airways and air france announcing they're suspended flights between london and tehran next month saying the route is not commercially viable it comes after president trump's withdrawal from the iran nuclear deal >>> and the u.s. banking secretarieser generated a record $62 billion in the second quarter. fdic contributing half of those gains to a lower affected tax rate melissa back to you. >>> shares down 9% for fireeye pete at the telestrator. what are you seeing? >> pretty interesting, mel, you mentioned fireeye, you think the stock would be screaming to the upside and it's not. the recent earnings, they missed and they missed. and that's a big problem they also did show 6% growth but they missed on what the revenues are it's interesting to see what buyers are coming in the september 7th month we're seeing buyers of calls all the way up to 44 cents they also came in and bought the 15.5 calls we're seeing a buy and a buy that's interesting that shows you that somebody is pretty bullish on fireeye. i liked what i saw

british airways pilot robjohnson always faced a barrage of questions from his young sons whenever he returned home, so started to create bedtime stories to tell them about his trips. now he's turned these stories into a series of illustrated children's books featuring his main characters pilot ollie and pilot polly. robjoins us now. hello, thank you for coming in. this is because of your children. is this because they struggle with you being away because you do a lot of long haulflights? away because you do a lot of long haul flights? yes, away because you do a lot of long haulflights? yes, of course, i'm away for four days of the time and when i came home i found myself explaining to them where i had been and what i had seen and what the weather had been like, what i had eaten, and those explanations kind of morphed into some bedtime stories, hence we invented pilot ollie and pilot polly. how do you make that jump to ollie and pilot polly. how do you make thatjump to publishing books? it was a big jump, so almost a crazy idea, someone suggested we should publish the story is because

the boss of british airways has complained that two hour queues were becoming the norm for passengers arriving at london‘s heathrow airport. our transport correspondent victoria fritz explains why this is happening. we have the perfect storm. this is europe is back busiest airport and the world‘s second busiest airport at this time of year we have business groups coming through, lots of groups coming through, children with families and it slows the whole process down. combine all the extra demand with problems with supply. there are fewer border force staff now and there were five years ago. there have been major cutbacks and the controls have become more stringent in terms of baggage checks, four example. it has been a pretty bad summer for lots of people coming in. it is no surprise that the uk border force coming in. it is no surprise that the uk borderforce has missed its own target, 45 minutes wait. it has missed that target over 6000 times already this summer. we have heard of passengers queueing on the tarmac who cannot even get into the terminal building to get any get the

have already said they're pulling out and airlines british airways and air force will no longer be flying to tehran in a tweet us ambassador to germany richard grinnell welcomes the news of siemens departure saying it was proof that sanctions are working. is that the case let's get the view from frankfurt our financial correspondent is standing by daniel cope daniel of the sanctions working i mean obviously this is hurting european companies in the business they were generating in iran so it's also hurting the iranian people but is it is meant to be about a nuclear deal bob and one thing is very clear this strong rhetoric that we heard for example from the u.s. president and also iran's legal challenge against the renewed sanctions go before the u. winds top court next week. while there is actually just very little hope that this court is going to help the situation because even if the u.n. would say well those sanctions are not drive the united states does not have to follow what the united nations tell them there have been already cases in the past were iran when should the united natio

demands by pulling out of iran including british airways and air france which aground and flights to that's despite revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions now germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article hike i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependents swift first so you. yes sanctions are back in force and the situation itself strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticized donald trump emanuel mack hong said europe's historical partner seems to turn his back on this common history you know minuscule . the first threat w

and staying with airlines, british airways has announced it's ending its flights to iran. the carrier says the route is no longer profitable. the news comes after the united states urged western companies to end business dealings with tehran. you've finished making notes, very good, talk us through what is moving the markets, a busy day, what has been going up and down? not a huge amount of movement on the ftse, unsurprisingly those brexit no—deal documents did have something to do with that, we store —— we saw sterling slipping a bit, because investors feel that it could make a no—deal brexit slightly more likely, because of the negative impact on sterling, so we did see that slip a little, and there was also a dip in the sainsbury‘s share price today. you will know that sainsbury‘s and asda have this proposed merger under way, and the cma have announced an investigation into that, no big surprise, the combination of these two retailers would create the uk's biggest retailer with almost 3000 stores, so investors will have expected this to take place, but still

will this have implications for other airlines questionable others like easyjet and british airways follow suit? they will watch closely to see whether passengers access to it or not. ryanair is beginner and profitable enough that they can try out these new ways of doing things. 0ther airlines will be seen, our passengers happy with this. the upside might be if passengers are not happy, maybe they will look elsewhere. maybe that is another option that offers more free cabin baggage, they will go with that airline. interesting to talk to you. thank you. now it's time for a look at the weather with simon king. it is looking very mixed over the bank holiday weekend. some sunshine and rain was looking fairly mixed at the moment for many parts. rainbows being spotted by weather watchers. you can just about see it there with blue skies. quite a few showers moving into scotland and northern ireland and north—western parts of england, wales and the south—west will stop a few showers moving away south and east with sunny spells in between the showers. in the south—east of england it is lookin

the owner of british airways — international airlines group — has reported pre—tax profits of £789 million in the three months tojune, which is a 6% rise compared to a year earlier. iag‘s bottom line was boosted by a 2.3% rise in passengers and a 2% fall in non—fuel costs. another business during making the rounds today... another business during making the rounds today... toyota has surprised analysts by reporting 7.2% rise in quarterly profits to £5.9 billion. the japanese car giant says it had strong sales in asia and its restructuring plans had helped lower costs. and william hill and paddy power have both announced expansion plans in the united states. william hill singed deals with 11 casinos in mississippi, while paddy power‘s subsidiary fanduel, has signed deals to access several us states. let‘s have a look to see what the markets are doing today. we have artie mentioned that the sterling has dropped. the ftse 100 artie mentioned that the sterling has dropped. the ftse100 is climbing higher. it is still on track for the biggest. largely due to brexit... track for the bigg

taylor: british posted second-quarter earnings that missed estimates -- british airways posted second-quarter earnings that missed estimates. shares fell the most in five months. says advanced bookings are helpful, particularly on the lucrative north american route. cohen's apartment at goldmans it -- is the latest in her rise. she leads the team that sides were the bank should pursue new areas of business or acquisition. that is your bloomberg business flash. guy, francine? francine: thank you so much. let's get back to italy, the 10 year yield top 3% earlier this morning have a budget meeting between the country's populist leaders in the finance minister. last hour i spoke to the chief executive of italy's biggest bank and ask him about the budget and public debt. the meeting is very important, but it is also important the institutional framework and rules of the game. in italy, you cannot make expenditure without having inflows, so it is not possible, it is not constitutional, to make something to increase debt without allowing increasing growth. in italy they would focus on reduction of d

british airways, which has been using these so-called e-gates at lax since november says they can board more than 400 passengers in 22 minutes. less than half the time it used to take. some critics say people might be sacrificing privacy for convenience. >> my concerns are this technology will be used beyond its current scope. i worry that facial recognition will migrate from airports all across federal law enforcement putting the privacy of law-abiding americans at risk. >> customs and border protection says this software is safe and secure but passengers who may not feel comfortable using these cameras can opt out and board the plane the traditional way using their boarding pass. even so, government and airline official efs say this biometric boarding is the future of passenger processing and hope to roll out the technology in airports across the country in the next few years. >> eric: as long as you can do anything to cut the long lines. >> sandra: president trump hit with a one-two legal punch as paul manafort is found guilty and michael cohen is found guilty and has implicated the

and the boss of british airways has criticised long queues at heathrow, saying arrivals face two—hour waits to get through border control. alex cruz says the queues at the london airport are "significantly worse" than other major hubs across the world. the home office said most of those arriving at heathrow passed border control within 25 minutes for europe and 45 minutes for those coming from elsewhere. the reason i wanted to talk about the green story lust is because so many people have been in touch this morning. some sites green belt land should be available to be built on in certain circumstances, but others saying it is a slippery slope. we have quite a few of them here. people talking about population control as well. patricia saying populations are increasing and there will always be a housing crisis. cheap, tiny homes are the answers but developers want money and not roots overheads. someone else says it is time we started talking about population control. fewer kids. it will not stop until we talk about it. building on green belt land is not the answer, says sharon. where sh