Peter Allen and Sam Walker with the day's news and sport. Rescue teams are being hampered by bad weather in the search for missing passengers of a capsized ferry in South Korea. US, EU, Ukrainian and Russian negotiators have agreed to disband military formations in eastern Ukraine after hours of multi-party talks in Geneva. The chief executive of the Co-Operative Group, Richard Pennycook, has told Drive that jobs might have to be cut after it posted the worst losses in its 150 year history. The Group lost £2.5 billion in 2013, mostly from its troubled banking division.