ryanair is still predicting more than1 billion ryanair is still predicting more than 1 billion euros of profit for its 2019 financial year. yes, things are tough out there. the company says there is too much capacity in the market. too many people competing for passengers and as a result average ticket prices every year have gone down by 6%. yes, it is tough, but ryanair, is one of the biggest players, has said it could potentially take advantage of that. it expects other airlines to fall by the wayside. they point out that some of the larger players in the market, like norwegian, who are having to refinance, flybe, looking for a buyer, other companies are struggling. it thinks there could be a clear out going on so longer term it will have a bigger market share. losing a few customers now might weigh on profits but with the big competition going on, if prices come down, others could suffer more than ryanair. it is quite a turnaround. when we know may talk about airlines it is the bigger ones that struggle because they have a lot of overhead, but ryanair and because they have a lot o

ryanair is in the thick of it. it has the lowest fares. there is not anywhere to go in terms of cutting without hurting margins. there is no real visibility into the summer, and expect the fair pressure to continue into 2019. vonnie: who is going to be the face of ryanair now? >> we don't really know. they are searching for a chief executive for the main ryanair airline. i think we can assume that person will be, certainly, at the forefront of future campaigns. whether michael o'leary disappears from that, we will have to learn to live without his interventions, remains to be seen. they are searching for a ceo, one of the toughest jobs in aviation to answer to the person who turned ryanair into what it is. guy: big shoes to fill. vonnie. vonnie: we have a lot of news to parse today, including earnings and potential deals, activists taking stakes in companies and so on. .he s&p 500 is now flat the dow jones industrial average is down 0.2%. up 0.66%. is the best performer, microsoft. the worst performer, vizer. some of the pharmaceutical com

i think budget airlines on the scale of ryanair and easyj et airlines on the scale of ryanair and easyjet will always be here, unless they merge with somebody else, it is they merge with somebody else, it is they have proven that if you have scale you are going to do very well indeed. bear in mind that if you go back 30 years, ryanair was a tiny struggling regional airline, until it decided to halve its fares and cut its cost and now it is the european giant. but the smaller airlines are always vulnerable, not least because if you are a regional airline, you build up a route between a and b and it has a decent market, immediately, one of the bigger airlines will move in with bigger airlines will move in with bigger planes, lower fares, bigger airlines will move in with bigger planes, lowerfares, and steal a ll bigger planes, lowerfares, and steal all the passengers. it is a really tough time out there, and this winter has been particularly painful. simon, as always, thanks for making sense of it for us. thailand's economy grew slightly more than expected in the fourth quarter as higher do

the dublin base ryanair which is in the news today michael o'leary really are leery of the c.e.o. got a huge new contract for another five years but frankly we've reported here on the program didn't you know they've had some pretty terrible troubles this last year labor strike so they didn't cancel a bunch of flights what about ryanair how do you look at them. so first of all looking at the chart it's it's in a down trend i don't like it as a stock by looking at the overall company the problem with ryanair and what they do differently than spirit is that they don't have good customer service if you look on the internet i mean you're going to see all types of p.r. issues and the reason why spirit is able to be successful and make money is because they have excellent customer service and people still enjoy flying on the airline when you have a budget airline like this like ryanair that don't treat their employees very well and they have a lot of p.r. issues i mean when you have cheapness and you can see that you're getting what you pay for it's not a good buy. in the in the story ab

the dublin base ryanair which is in the news today michael o'leary really are leery of the c.e.o. got a huge new contract for another five years but frankly we've reported here on the program didn't you know they've had some pretty terrible troubles this last year labor strike so they didn't cancel a bunch of flights what about ryanair how do you look at them. so first of all looking at the chart it's it's in a downtrend i don't like it as a stock by looking at the overall company the problem with ryanair and what they do differently than spirit is that they don't have good customer service if you look on the internet i mean you're going to see all types of p.r. issues and the reason why spirit is able to be successful and make money is because they have excellent customer service and people still enjoy flying on the airline when you have a budget airline like this like ryanair that don't treat their employees very well and they have a lot of p.r. issues i mean when you have cheapness and you can see that you're getting what you pay for it's not a good buy. in the story about mr o

the dublin base ryanair which is in the news today michael o'leary really are leery of the c.e.o. got a huge new contract for another five years but frankly we've reported here on the program didn't you know they've had some pretty terrible troubles this last year labor strike so they didn't cancel a bunch of flights what about ryanair how do you look at them so first of all looking at the chart it's it's in a downtrend i don't like it as a stock by looking at the overall company the problem with ryanair and what they do differently than spirit is that they don't have good customer service if you look on the internet i mean you're going to see all types of p.r. issues and the reason why spirit is able to be successful and make money is because they have excellent customer service and people still enjoy flying on the airline when you have a budget airline like this like ryanair that don't treat their employees very well and they have a lot of p.r. issues i mean when you have cheapness and you can see that you're getting what you pay for it's not a good buy. in the story about mr o'

ryanair ryanair and easyjet on some of their roots. rya nair and easyjet ryanair and easyjet on some of their roots. ryanair and easyjet have been just one thing capacity into their markets. flying more seats. they are getting their aircraft still pretty full. that is taking its toll on wea ker full. that is taking its toll on weaker players. not just full. that is taking its toll on weaker players. notjust here in the uk, we've seen failures and we had monitor a couple of years back and air berlin and eire italia. it is happening across the european aviation industry. thank you for talking to us. with the latest on the flybmi collapse. plenty more news on the business live pages online. more details on the website. your're watching business live — our top story... a report by uk politicians warns the nation's democracy is at risk, unless facebook changes the way it handles fake news. a quick look at how the markets are faring. the indexes in the united states will be closed today as it is the presidents' day holiday. europe opening

shift to another budget carrier this one on the other side a the atlantic ryanair the dublin base ryanair which is in the news today michael o'leary really are leery of the c.e.o. got a huge new contract for another five years but frankly we've reported here on the program didn't you know they've had some pretty terrible troubles this last year labor strike so they didn't cancel a bunch of flights what about ryanair how do you look at them. so first of all looking at the chart it's it's in a downtrend i don't like it as a stock by looking at the overall company the problem with ryanair and what they do differently than spirit is that they don't have good customer service if you look on the internet i mean you're going to see all types of p.r. issues and the reason why spirit is able to be successful and make money is because they have excellent customer service and people still enjoy flying on the airline when you have a budget airline like this like ryanair that don't treat their employees very well and they have a lot of p.r. issues i mean when you have cheapness and you can see that yo

ryanair which is in the news today michael o'leary really are leery of the c.e.o. got a huge new contract for another five years but frankly we've reported here on the program didn't you know they've had some pretty terrible troubles this last year labor strike so they didn't cancel a bunch of flights what about ryanair how do you look at them. so first of all looking at the chart it's it's in a downtrend i don't like it as a stock by looking at the overall company the problem with ryanair and what they do differently than spirit is that they don't have good customer service if you look on the internet i mean you're going to see all types of p.r. issues and the reason why spirit is able to be successful and make money is because they have excellent customer service and people still enjoy flying on the airline when you have a budget airline like this like ryanair that don't treat their employees very well and they have a lot of p.r. issues i mean when you have cheapness and you can see that you're getting what you pay for it's not a good buy. in the story about mr o

let's get to the ryanair numbers. confirming its 2019 profit guidance between 1% -- 1,000,000,002 1.1 billion euros. revenue comes up to 1.5 3 billion euros. the key here is the versus arter loss profit a year ago. ryanair saying it cannot rule out further cuts to airfares and guidance. basically, ryanair reporting a 19 point 6 million euros net loss in the third quarter and is expecting weaker fares. the passengers were offset by 6% decline in average fares due to excess winter capacity in europe. commentaryso the coming through here is that higher all prices -- higher oil prices and lower fares have created a wave of eu airline failures. also ryanair saying in a morement they expect closings and failures in 2019 due to overcapacity in the european market. the ceo ofeak to ryanair, do not miss that conversation in a few minutes. another one of the swiss banks reporting. it's going to be a tough one to explain. that's going to be the first issue. there really will discuss with us. it's what trip them up in the last se

ryanair just under 4%. they talked about fare declines and how they might adjust their guidance, defending whether we get brexit turning out badly was the line they used. let's get a bloomberg first word news with desley humphrey in dubai. desley: the u.k. business secretary urge theresa may to rule out a no deal brexit, according to the financial times. the comments come as they won't build the suv in sunderland. it cited ongoing certainty about the split from the eu. the times is reporting they are considering withdrawing a support package for the carmaker. jinping are and xi considering a meeting in vietnam at the end of the month. the post is reporting the u.s. and chinese president are looking at holding a meeting in denying on the desk in d -- in da nang. he says he intends to maintain a presence in iraq to keep tabs on iran. trump says he will ignore the advice of the intelligence community when it comes to that country. president trump: we were in many, many locations in the middle east, in huge dif

must pay a three point four million dollars fine in italy after its antitrust authority ruled that ryanair is new carry on luggage policy was misleading consumers and distorting competition officials say by redefining free cabin baggage as only luggage which can be stored under seats and charging for bags which only fit in overhead compartments ryan air was effectively rising ticket prices. coffee growers in colombia have called on the national government and the international community for help coffee price has dropped twenty percent and the biggest nutella factory in the world has halted production while italian parent company ferrero investigates quality control problems the factory in the french province of normandy produces one third of all the jars of the chocolate flavored has not spread consumed in the world for says none of the drawers of nutella already in sale has been affected. saudi crown prince mohammed bin solomon has arrived in china after previously visiting pakistan and india five months after the killing of journalists in a saudi consulate and continuing criticism from t

now to some of today's other business headlines around the world a low cost airline ryanair must pay a three point four million dollars fine in italy after its antitrust authority ruled that ryanair is new carry on luggage policy was misleading consumers and distorting competition officials say by redefining free cabin baggage as only luggage which can be stowed under seats and charging for bags which only fit in overhead compartments ryan air was effectively rising ticket prices. coffee growers in colombia have called on the national government and the international community for help coffee prices dropped twenty percent since a year ago the fall is because of a massive oversupply of coffee on world markets due to weather conditions which have been perfect for the plant around the world. and the biggest gnutella factory in the world has halted production while italian parent company ferrero investigates quality control problems the factory in the french province of normandy produces one third of all the jars of the chocolate flavored has not spread consumed in the world for says non

now to some of today's other business headlines around the world a low cost airline ryanair must pay a three point four million dollars fine in italy after its antitrust authority ruled that ryanair is new carry on luggage policy was misleading consumers and distorting competition officials say by redefining free cabin baggage as only luggage which can be stowed under seats and charging for bags which only fit in overhead compartments ryan air was effectively rising ticket prices. coffee growers in colombia have called on the national government and the international community for help coffee price has dropped twenty percent since a year ago the fall is because of a massive oversupply of coffee on world markets due to weather conditions which have been perfect for the plant or war. and the biggest gnutella factory in the world has halted production while italian parent company ferrero investigates quality control problems the factory in the french province of normandy produces one third of all the jars of the chocolate flavored hasanah spread consumed in the world for says none of th

now to some of today's other business headlines around the world a low cost airline ryanair must pay a three point four million dollars fine in italy after its antitrust authority ruled that ryanair is new carry on luggage policy was misleading consumers and distorting competition officials say by redefining free cabin baggage as only luggage which can be stowed under seats and charging for bags which only fit in overhead compartments ryan air was effectively rising ticket prices. coffee growers in colombia have called on the national government and the international community for help coffee prices dropped twenty percent since a year ago the fall is because of a massive oversupply of coffee on world markets due to weather conditions which have been perfect for the plant around the world. and the biggest gnutella factory in the world has halted production while italian parent company ferrero investigates quality control problems the factory in the french province of normandy produces one third of all the jars of the chocolate flavored has not spread consumed in the world for hours sa

ryanair has been fairly outspoken. ryanair is reasonably safe. it's irish, so he remains in eu airline. it has been bothered more than some by the location, its biggest base anywhere, which is sta nsted location, its biggest base anywhere, which is stansted in the uk. it's been negotiating with europe to try to understand as well as it can in advance how it will continue to operate, and i think there is a general agreement that air services will not be interrupted on the 29th of march, but there will be a lot of negotiation to do. david learmount from flightglobal, thank you very much for talking to us. we hope to be speaking to a passenger who was affected by flybmi's collapse. the prime minister has called on conservative mps to put aside "personal preferences" and support a brexit deal in the house of commons. theresa may's plans were rejected in a vote last week but today one of her senior ministers indicated that there might be a solution to the disagreements within the party, that doesn't involve reopening the withdrawal agreement. ben wrig

ryanair has had a tumulultuous relationship to say the least. jeannie: thank you for the look of the business news. oming up, he will meet king, a wire fox terrier that one best in show in new york. that is coming up after the headlines. ♪ [music playing] wes avilla: end goal once i saw that i can pay my own rent was get a restataurant. like, i didn't want a food truck. at that point, food trucks were dead.

also, the ceo is stepping back the ceond will become of ryanair group. he is obviously -- has obviously been very public. he will step back from day to day running of ryanair and focus on capital allocation, cost reduction, as well as takeovers. the new ceo of airlines. about unions.rong he was pretty tough on the unions. >> it was a big step down for him. present maduro is still clinging to power invest well i even as a growing list of countries recognize waddell. that is coming up next. this is bloomberg. ♪ david: i am david westin. isid:>> here is what happening. iraq is slamming remarks by president trump that he wants to keep american troops in iraq. mr.iraqi president said trump did not ask permission for u.s. troops stationed there to keep an eye on iran and describes his comments as strange. reason american troops are in iraq is to fight the islamic state. in other news, the leader of catalonia fests ban will seek vengeance, rather than justice, when allies stand trial next week accused of rebellion and other charges. eu countries accused of ot

and this is at a time were easyjet and ryanair are to budget giants that have their plans 90% full. it is a sad day, notjust for the staff of bmi but also for people who are depending on it and if you look at the route from london to the city of gary airport in northern ireland, that is entirely flown by fly bmi and some serious concerns over what is happening there. so, a very difficult time for stop if you're booked, approach your credit card provider and try to get your money back but unfortunately, your money back but unfortunately, you are going to have to try and find alternative flights, many of the roots have been sold, so that's going to be tricky in so many people are going to be looking for flights right now, it's going to be a very difficult time. what does that tell us difficult time. what does that tell us about the wider aviation industry, there was some mention in the press release from the company thatis the press release from the company that is partly to do with brexit, but is there a wider problem within the industry at the moment? yes, they're simply too many se

ryanair is having a tough year. a series of strikes forced it to recognize unions and then there is brexit. in the event of a hard brexit, what that would involve is that our non-eu shareholders will not have voting rights for a. time and willd of be forced to sell down to eu nationals. the stock market route shaping -- shaving $22 billion off of assets. the soft -- the ceo saw one bright spot. >> we had a fantastic first half. it was more difficult in the second half. very clearly, we lost assets under management. -- i'mk equity markets quite sure with the net that we figured. more than $17 billion is the second-highest we have had in bar.istory of julius showed weaker revenues and the playstation. extraordinary article in bloomberg businessweek. in theith us on huawei venetian hotel in las vegas. businessweek was downstairs watching a tiny company in the federal bureau of investigations together.sh this has about 18 moving parts. arend: i was therefore an fbi sting operation at the venetian casino. it would bek ad

, hasissued even the biggest in europe, ryanair, has issued two profits warnings, and its chief executive michael o'leary, who knows the airline industry very well, he said a few weeks ago that he thinks there would be a bit of a shake—out in european aviation and companies would be taken over, some might go to the wall as has happened. pointing out that there arejust happened. pointing out that there are just too many cheap seats on their craft, too many airlines and planes chasing too few passengers and that had driven down the cost of and that had driven down the cost of an airline ticket. let's take a look at some of the day's other stories. us airforce transport planes carrying humanitarian aid for venezuela have landed in the colombian bordera where food and medicine is being stock—piled for distribution. president maduro has refused to allow the aid in, accusing the us of trying to organise a coup. us officials said the aid had been requested by the venezuelan opposition leader, juan guaido who declared himself interim president last month. the bodies of policemen killed in a c

unless you have scale and you have larger aircraft and you can fill those aircraft, like easyjet or ryanair, or unless you have a very strong niche in the market where you can command premium prices because no one else serves that route. and also because business people use it because they are happy to pay large affairs for the convenience and getting to destinations directly. —— happy to pay a largerfares. flybmi didn't really sit anywhere. it was certain with the tourist market competing with the tourist market competing with low—cost airlines and competing with low—cost airlines and competing with business routes as well and it didn't have that scale. its aircraft we re didn't have that scale. its aircraft were too small and it wasn't even filling these aircraft. it was half filling these aircraft. it was half filling these aircraft. it was half filling these small aircraft so really it's been an airline that has beenin really it's been an airline that has been in trouble for a very long time. it's also blaming fuel costs and challenges posed by brexit, it says as well. yes, i me

course, for the people working for flybmi, ultimately they carry as many passengers in one year as ryanair carries on a day and a bit, so to keep things in perspective, it is going to be awful, for passengers and staff, but in terms of overall scale, the roots which other airlines regard as sustainable, they will be filled eventually, but if you're travelling this week, good luck in my sympathies are very much with the hard—working staff of flybmi. just briefly to go back to the rights of passengers in all of this, caught up in it this weekend, what obligation is the airline under to find accommodation or alternative means of travel for these passengers? it is a great question andi passengers? it is a great question and i am afraid the answer is none. the airline effectively doesn't exist and is not trading any more. if it were a growing concern —— going concern then they would be putting people up and hotels are maybe buying tickets for other airlines, but as soon as an airline fails all bets are off, and that also goes for people who are owed money perhaps through delayed or cancel

than a year ago particularly low cost operators are facing headwinds europe's biggest budget airline ryanair recently announced plans to slash spending and the twenty nine thousand outlook isn't rosy rising fuel expenses and falling ticket prices could hurt airlines bottom lines. he once was known in india as the king of good times famous for his lavish lifestyle but now billionaire business tycoon victim aliya looks set to return home to face charges of money laundering and fraud this after monday's decision by the u.k.'s home secretary to approve an order for his extradition. this is the man the indian government has been trying to get its hands on for two years v.j. malia shown here on his way to course in december moved to the u.k. in twenty sixteen he left behind him in india over a billion dollars in unpaid debts among the lenders to come ashore india station owned i.d.b. i bank. monday's ruling which malia can appeal means he can be extradited to his home country to face charges of money laundering and for all its. responding to the decision india's finance minister our own jackley tw

irish budget airline ryanair has announced a twenty million euro loss for its third quarter which ended december on the back of weak fares now the carrier expects profit for its financial year which ends in march to fall by nearly one third europe's largest low cost carrier has endured a difficult eighteen months due to cancellations strikes and higher oil prices which have affected its earnings. with price at less than two months away and no deal in place u.k. based businesses and supply chains stand to lose access to the european single market in one fell swoop on march twenty ninth japanese carmaker nissan has now decided to act and shift production away from the u.k. . the nissen plant in sunderland produces more than half a million cars a year its new flagship s.u.v. the extra zero was also supposed to be assembled there but that has changed the japanese carmaker has shelved those plans due to uncertainty over brakes it my reaction to this almost as absolute disappointment this comes at a time when the u.k. automotive sector is under huge amounts pressure not only with rex it days

europe's largest budget and line ryanair slashed its prices to attract customers while backing problems of its own. as the traffic in the skies has increased so has the competition after years of growth in the sector the price war has intensified and good money is among the casualties. in the latest chapter of venezuela's turmoils president nicolas maduro is accused of draining state coffers as he's pressured to hand over his government portuguese linder go on tuesday stop the transfer of one point two billion dollars in government funds to banks in or of why the opposition and its leader one quiet denounce the proceedings as a theft of public funds in the midst of venezuela's economic crisis countries around the world are pressuring mundo to resign the country is a major protest and the immigration of millions. and that's it for me in the business team here in berlin you can always find out more about these stories at com slash business i'm stephen thanks for watching. but still i are interested in taking a closer look at modern culture from. and also. culture on the dollar. euro. what

irish budget airline ryanair has announced a twenty million euro loss for its third quarter which ended december on the back of weak fares now the carrier expects profit for its financial year which ends in march to fall by nearly one third europe's largest low cost carrier has endured a difficult eighteen months due to cancellations strikes and higher oil prices which have affected its earnings. with price at less than two months away and no deal in place u.k. based businesses and supply chains stand to lose access to the european single market in one fell swoop on march twenty ninth japanese carmaker nissan has now decided to act and shift production away from the u.k. . the misson plant in sunderland produces more than half a million cars a year its new flagship s.u.v. the extra zero was also supposed to be assembled there but that has changed the japanese carmaker has shelved those plans due to uncertainty over break that my reaction to this effect of almost as absolute disappointment this comes at a time when the u.k. automotive sector is under huge amounts of pressure not only wit

irish budget airline ryanair has announced a twenty million euro loss for its third quarter which ended december on the back of weak fares now the carrier expects profit for its financial year which ends in march to fall by nearly one third europe's largest low cost carrier has endured a difficult eighteen months due to cancellations strikes and higher oil prices which have affected its earnings. with price at less than two months away and no deal in place u.k. based businesses and supply chains stand to lose access to the european single market in one fell swoop on march twenty ninth japanese carmaker nissan has now decided to act and shift production away from the u.k. . the nissan plant in sunderland produces more than half a million cars a year its new flagship s.u.v. the extra zero was also supposed to be assembled there but that has changed the japanese carmaker has shelved those plans due to uncertainty over brakes it my reaction to this festival which is absolute disappointment this comes at a time when the u.k. automotive sector isn't a huge amount of pressure not only with rex

particularly low cost operators are facing headwinds at the moment europe's biggest budget airline ryanair reasons we announced plans to slash spending cough slash spending costs in the twenty nineteen outlook isn't rosy at all rising fuel expenses and falling ticket prices could hurt the airlines bottom line. germany's biggest bank has said that it may cut bonuses if its revenue doesn't grow efforts by dodge bank c.e.o. to cut costs have failed to reassure investors and analysts the vendor has seen falling revenues for eight consecutive quarters of bank posted its first annual profit in four years and twenty teen it also booked a bigger than expected loss for school. but i way to question that's been occupying philosophers for hundreds if not thousands of years what makes assume one answer that's cropped up again is self awareness now a group of scientists have created a robot they say is capable of displaying what was previously thought of as a uniquely human trait this is no ordinary robotic arm at least not according to the scientists behind it who say it's acquired the holy grail of a

irish budget airline ryanair has announced a twenty million euro loss for its third quarter which ended december on the back of weak fares now the carrier expects profit for its financial year which ends in march to fall by nearly one third europe's largest low cost carrier has endured a difficult eighteen months to cancellations strikes and higher oil prices which have affected its earnings. with present less than two months away and no deal in place u.k. based businesses and supply chain stand to lose access to the european single market in one fell swoop on march twenty ninth japanese carmaker nissan has now decided to act and shift production away from the u.k. . the nissan plant in sunderland produces more than half a million cars a year its new flagship s.u.v. the extra zero was also supposed to be assembled there but that has changed the japanese carmaker has shelved those plans due to uncertainty over break that my reaction to this efficient almost as absolute disappointment this comes at a time when the u.k. automotive sector is under huge men's pressure not only with rex it da

europe's largest budget and nine ryanair slashed its prices to attract customers while bottling problems of its own. as the traffic in the skies has increased so has the competition after years of growth in the sector the price war has intensified and good money air is among the casualties. in the latest chapter of venezuela's turmoils president nicolas maduro is accused of draining state coffers as he was pressured to hand over his government portuguese linder novo banco on tuesday stop the transfer of one point two billion dollars in government funds to banks in or of why the opposition and its leader won quite denounce the proceedings as a theft of public funds in the midst of venezuela's economic crisis countries around the world are pressuring me to resign the country is a major protests and the immigration of millions. and that's it for me in the business team here in berlin you can always find out more about these stories that com slash business i assume i'm stephen beardsley thanks for watching. arroyo widows. once the wives of i.a.s. fighters in iraq i'm going to. see. the defea

ryanair must pay a three point four million dollars fine in italy after its antitrust authority ruled the flyers knew carry on luggage policy misled cut consumers and distorted competition a low cost airline had redefined free cabin baggage as only items that can be stowed under seats and charge for bags that fit in the overhead compartments. the biggest the tele factory in the world was has halted production well talian parent company ferraro investigates quality control problems a factory in france produces one third of the addictive chocolate hazelnut spread consumed in the world for arrow says none of the jars of nutella that have already been sold were affected. and staying with confessions it's a dream come true for sweet tooth fashionistas chocolates cheers and designers teamed up to create tasteful and tasty outfits for this use so long to talk law fair in belgium if i'm pronouncing that right one delicious joint creation was made out of eight kilograms of belgian chocolate and total designers presented thirteen chocolate dresses the aim was to strengthen belgians reputation a

ryanair blamed falling fares for the quarterly loss and warned overcapacity would continue to pressure prices. they signed d landmark deals wih unions to offer staff that are pay. in south africa, thousands of readers in the international mining industry are in capepe town. the biggest gathering on the continent. this is how to make mining safer. fairially after the deadly -- failure of the plant. france 24's regional correspondent is attending the conference for us. she told us earlier about another major theme this year. how to make sure the money earned from africa's mining industry stays within local communities. >> sonon of the activists are saying that it is important for government to attract investment. at this must not be at the expense of the local people. they are talking about the fact that this level of corruptioions so high amonongst governments ad government officials were foreign investors are a able to drive governments leaders to avoid taxeses and flatt regulat. important to empower local communities. some local communities have been moved because of mining taking pla

. >> hi there, brian three stocks on the move today ryanair among the big losers in london reported a quarterly loss hurt by a 6% drop in fares. the company is warning that overcapacity is likely to continue driving those prices lower. >>> sony fell 8% in japan to six-week low it was the most traded stock on the nikkei today. the company reported a lower than expected third quarter profit on weak video game sales. there you can see down more than 8% nissan dropping plans to build its next generation x-trail suv in the uk. the car maker sites uncertainty surrounding brexit it's up just almost a percent. nissan says the vehicle will now be produced at one of its factories, brian n japan. >> contessa, thank you we'll see it in a few minutes. >>> up next, the crisis in caracas continues. pressure mounting on nicolas maduro and now president trump is speaking out. >>> we'll lay out exclusively what the future may hold for u.s.-based citco >>> and later the final fang reports, alphabet earnings are on deck. what to watch and how it could weigh big on the big tech names. stick with us, "worl

and also efficiency program the goal there is to take out the 100 million cost block >>> shares in ryanair tumble after full year profits will fall 31% and blames weaker fares. >>> and tom brady helps the new england patriots beat the los angeles rams, 13-3, record sixth super bowl championship. ♪ >>> well, a very warm welcome to "street signs" this morning. getting right into our first corporate story of the day, julian bear announced 100 million swiss franc cost cutting program. they reported a 4% increase to 735 million swiss francs we're getting out to joumanna with us in switzerland this morning. joumanna, thank you for joining us this morning. now, how are julius baer doing in net new money under management >> reporter: it's quite cold here and the reaction to the earnings this morning has also been quite cold in the marketplace as well. the stock is right at the bottom of the stock 600 i want to start off by pointing out something positive as you asked about the net new money inflows has come in at 17 billion swiss francs if you remember just two weeks ago, ubs 14 billion swiss fr

ryanair has reported a £17 million loss for the third quarter of this financial year. the airline said it had seen a 5% decline in average fares. ryanair carried 32.7 million passengers compared with 30.1; million for the same period last year. searches are continuing for two university students who have been missing since thursday. the mother of a missing 21—year—old hull university student has thanked everyone who's been helping in the search. libby squire was last seen on thursday night, following a night out. hundreds of students joined in the search for libby over the weekend. searches are continuing for two university students who have been police say they're pursuing a number of leads. in a separate incident, an air and land search for daniel williams will also continue in reading today. police say they're "extremely concerned" for his welfare. the 19—year—old was last seen leaving a student union bar in the early hours of thursday. his disappearance has been described as out of character. this is breaking news, and also the spanish government has done t

they had to raise money from investors, and the ryanair, the biggest airline in europe by some measures, by the number of people who fly on their planes, issued a couple of profit warnings and the boss michael 0'leary said he expected some businesses in europe to go under because there were just too many cheap seats on offer. and we'll find out how this story — and many others — are covered in tomorrow's front pages at 10:30 and 11:30pm. this evening in the papers, our guests joining me tonight are henry mance, political correspondent at the financial times and anne ashworth, associate editor of the times. thejustice secretary david gauke says the government's main priority has to be the safety of the public, when considering the case of shamima begum. the family of the pregnant teenager — who left britain to join the islamic state group — say they'd welcome a police investigation into her actions — but want the government to help bring her home. sophie long reports. this is the al—hawl camp in northern syria where the 19—year—old from east london is living as she awaits

ryanair has recorded its first quarterly losses in four years biggest budget airline in europe revealed a third quarter loss of twenty million euros. and it announced a restructuring plan that would create for subsidiaries over the next twelve months. reiner blamed falling fares for its quarter over capacity was likely to continue to pressure prices. the irish airline has been dealing with staff strikes across europe that forced to cancel flights last year. and signed landmark deals with unions to offer better paid. operate over whole also extended ceo michael o'leary's contract for another five years. but see him step back from the day toto day running of the airline instead taking more as a figure head rolee at the top of thehe parentt company. raina shares slipped 2%. let's check i in on the rest of the day's trading action now wall street is trending upwards -- investors waiting for what are expected to be strong results from google's parent company alphabet a at the nasdaq u up nearly 1% as we count down towards that release. shares of thehe home goods manufacturer clorox meanwhile

a year ago especially low cost operators are facing many headwinds europe's biggest budget airline ryanair recently announced plans to slash spending costs and the twenty nine thousand outlook isn't rosy rising fuel expenses and falling ticket prices could hurt the airlines bottom line. and now to new developments in the so-called football leaks the whistleblowing platform that has revealed some of the murky aspects of the global football business route pinto a major source for the stunning revelations has now gone public for the first time after his recent arrest speaking with the german broadcaster a r.t. have a listen. secret location in budapest it's here in this modest apartment building we're told wants to give his side of the story. on january sixteenth last he was arrested in the hunger area in capital in response to a portuguese arrest warrant on charges of attempted extortion and cyber crimes. he's under house arrest and wearing an ankle monitor while awaiting a decision on whether he is a whistleblower who legally obtained the documents which could exonerate him or whether he is

a half ago especially look cost operators are facing many headwinds europe's biggest budget airline ryanair recently announced plans to slash spending and the two thousand and nineteen outlook isn't rosy rising fuel expenses and falling ticket prices could hurt. now to a new development in the so-called football leagues the whistleblowing platform that has really some of the marquee aspects of the global football business. a major source for the stunning revelations has now gone public for the first time after his recent arrest speaking to a german broadcaster. a secret location in budapest it's here in this modest apartment building we're told wants to give his side of the story. on january sixteenth last he was arrested in the hungary in capital in response to a portuguese arrest warrant on charges of attempted extortion and cyber crimes. he's under house arrest wearing an ankle monitor while awaiting a decision on whether he is a whistleblower who legally obtained the documents which could exonerate him or whether he is a cyber criminal. which could lead to extradition. i'm a whistleblow

after a year ago especially look us operators are facing many headwinds europe's biggest budget airline ryanair recently announced plans to slash spending and the two thousand and nineteen outlook isn't rising fuel expenses and for morning ticket prices good hurt and lines bottom lines. and he was once known in india as a king of good times famous for his lavish lifestyle but now billionaire business tycoon vigil malia looks set to return home to face charges of money laundering and fraud this after monday's decision by the u.k. home secretary to approve an order off for his extradition. this is the man the indian government has been trying to get its hands on for two years v.j. malia shown here on his way to course in december moved to the u.k. in twenty sixteen he left behind him in india over a billion dollars in unpaid debts among the lenders to come ashore see india station owned id be either. monday's ruling which malia can appeal means he can be extradited to his home country to face charges of money laundering and for a lot of. responding to the decision india's finance minister our own

i'm rebecca marston — in this afternoon's business news: ryanair has reported a net loss of £17m for the last three months of last year — that's its first quarterly loss since earlyh 201a. it made the loss even though revenues and passenger numbers were up. the airline blamed too many airlines chasing too few passengers for the fall in profit. hermes, the delivery firm, has struck what it calls a landmark deal with the gmb union to offer couriers paid holiday and guaranteed wage rates. under its new "self—employed plus" status, hermes workers can opt to receive up to 28 days of paid leave and pay of at least £8.50 an hour — above the minimum wage — but in return they must follow delivery routes set by hermes rather than choose their own. debenhams could close around 20 of its department stores this year, after bringing forward its plans for what's known as a company voluntary arrangement. the cva would allow debenhams to renegotiate its rent with landlords and speed up shop closure plans. it is understood that the company is running out of money, even after increasing its bo

we heard the head of ryanair saying it could disrupt voting. beall eu headlines have to majority owned by eu nationals, and we have a strategy which will enable us to retain that in the event of a hard brexit. what that would involve is our non-eu shareholders, of which the u.k. will unfortunately be a part, will not have voting of time and period will be forced to sell to eu nationals. david: this is an example of all of the unintended consequences beyond the most immediate, direct ones. this is a perfect example of the types of problems that are going to continue to come out of the woodwork between now and march 29. this is just the tip of the iceberg, and there are a multitude of problems. certainly how goods are traded across the border, what tariff gets applied to them. france was talking over the weekend about playing pragmatic rules, saying we are not going to go to the wto tariffs. we will keep the current tariffs, hoping we can negotiate something. but hiring new people to be at the border to inspect food and goods coming across, it is

i think it was the outlook that not ryanair shares down by around 1.9%. not much movement there. volume traces. -- bases. that is a look at the european close. vonnie: we have seen some of that antibusiness sentiment coming out of the markets. if you look right now at gold, we are just at 13.14 announce. above then right up 13.30 mark last week. the yen is weaker. crude oil down 2%. we're still just about the $54 a barrel mark. still a little bit higher than it had been. the 10 year yield at 2.73%. have the following wti going lower. it isms of currencies, the oil currencies that are majorly affected from yesterday in dollar to the canadian dollar. guy: let's turn back to what is happening in the fixed income space. marika joining us. you were mentioning the fed a moment ago. let's talk a little bit more about the fed and the is th -- ecb. the market has started to price in the potential cuts from the fed which is the deposit rate and basically the markets five years out where it is pricing the deposit rate. i think we are at 55 basis points, which is not much higher than the -40

nejra: ryanair reported a loss of 90.6 million euros, down from a profit of 100 million euros a year ago. europe's largest low-cost airline says it cannot rule out further cuts to guidance. you talk about price competition in the statement, as well. how are you actually going to respond to this? could you cut some roots and basis? >> we're already growing very strongly. we increased our passenger target a couple of weeks ago to 142 million. we're going to do what we always do, have the lowest fares and the lowest costs, and grab market share. and that is exactly what we're doing at the moment. there is a huge amount of overcapacity in europe at the moment and some of that capacity $60 a barrel. we are going to continue to grow market share. >> general motors has come out with a reassuring sign in a shaky global car market. g.m. wrote ported -- reported third-quarter cost earnings that blew away estimates, plus reiterated the upbeat forecast it may last month. the automaker continues to get a better product from customer shift from trucks to suvs. >> strength across the board in most

. ♪ nejra: ryanair reported a third quarter after-tax loss of 90.6 million euros, down from a profit of 100 million euros a year ago. they cannot rule out further cuts to guidance. you talk about price competition in the statement, as well. how are you actually going to respond to this? could you cut some roots and basis? neil: we are already growing very strong. we increased our passenger target a couple of weeks ago to 142 million. we're going to do what we always do, have the lowest fares and the lowest costs, and we are going to grab market share. that's what we're doing at the moment. there's a huge capacity and some of that capacity comes out. some of that can be helped by lower fuel, $80 a barrel to $60 a barrel. we are going to continue to grow market share. ♪ caroline: general motors has come out with a reassuring sign in a shaky global car market. it blew away estimates, plus reiterated the upbeat forecast it may last month. the automaker continues to get a better product from customer shift from trucks to suv's. dhivya: with strength across the board, north america was v

. ♪ >> ryanair reported a third quarter after-tax loss of 90.6 million euros, down from a profit of 100 million euros a year ago. they cannot rule out further cuts to guidance. you talk about price competition in the statement, as well. how are you actually going to respond to this? could you cut some roots and basis? >> we are already growing very strong. we increased our passenger target a couple of weeks ago to 142 million. we're going to do what we always do, have the lowest fares and the lowest costs, and grab we are going to grab market share. that's what we're doing at the moment. there's a huge capacity and some of that capacity comes out. some of that can be helped by lower fuel, $80 a barrel to $60 lower fuel, $80 a barrel to $60 a barrel. we are going to continue to grow market share. ♪ >> general motors has come out with a reassuring sign in a shaky global car market. it blew away estimates, plus reiterated the upbeat forecast it may last month. the automaker continues to get a better product from customer shift from trucks to suv's. >> with strength across the board, nort

nejra: ryanair reported a third quarter after-tax loss of 90.6 million euros, down from a profit of 100 million euros a year ago. they cannot rule out further cuts to guidance. you talk about price competition in the statement, as well. how are you actually going to respond to this? could you cut some roots and basis? neil: we are already growing very strong. we increased our passenger target a couple of weeks ago to 142 million. we're going to do what we always do, have the lowest fares and the lowest costs, and we are going to grab market share. that's what we're doing at the moment. there's a huge capacity and some of that capacity comes out. some of that can be helped by lower fuel, $80 a barrel to $60 a barrel. we are going to continue to grow market share. caroline: general motors has come out with a reassuring sign in a shaky global car market. it blew away estimates, plus reiterated the upbeat forecast it may last month. the automaker continues to get a better product from customer shift from trucks to suv's. dhivya: with strength across the board, north america was very strong,

months and the way that aig and, in fact, other competenttives in the area, specifically companies like ryanair, have reacted though those announcements >>> meanwhile, coming up on the show kim jong un arrives for his summit with president trump. we'll have more from hand hanoi after the break. for your heart.. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. guys go through a lot to deal with shave irritation. so, we built the new gillette skinguard with a specialized guard designed to reduce it. because we believe all men deserve a razor just for them. the best a man can get. gillette. [ ding ] show me just add magic. hey toothless. [ ding ] [ gurgling ] [ ding ] show me cartoons on netflix. [ ding ] [ cooing ] [ door closes ] [ cooing ] ♪ [ ding ] show me fish on youtube. say it and see it with the x1voice remote. from netflix, prime video,youtube and ev

. ♪ >> ryanair reported a loss of 90.6 million euros, down from a profit of 100 million euros a year ago. they cannot rule out further cuts to guidance. you talk about price competition in the statement, as well. how are you actually going to respond to this? could you cut some roots and basis? >> we're already growing very strong. we increased our passenger target a couple of weeks ago to 142 million. we're going to do what we always do, have the lowest fares and the lowest costs, and grab market share. that's what we're doing at the moment. there's a huge capacity and some of that capacity comes out. some of that can be helped by lower fuel, $80 a barrel to six. -- $60 a barrel. we are going to continue to grow market share. ♪ >> general motors has come out with a reassuring sign in a shaky global car market. it blew away estimates, plus reiterated the upbeat forecast it may last month. the automaker continues to get a better product from customer shift from trucks to suvs. >> across the board, north america was very strong, as well, with 10.2% margins. $2 billion of equity in ch