Reuters UK Business

(Reuters) -The chief executive of France’s Havas has denied being in talks with WPP about a potential investment in the British ad firm, Bloomberg News reported on Monday. “Given the recent press coverage… and the questions we’ve received from colleagues and clients, we want to clarify that we are not in discussions with WPP,” Bloomberg …

France’s Havas CEO denies deal talks with ad group WPP, Bloomberg News reports Read More »

PARIS (Reuters) -France’s child protection agency chief Sarah El Hairy has asked the regulator to investigate second-hand clothes marketplace Vinted for allegedly failing to prevent minors accessing adult content, in another move against e-commerce giants in the country. El Hairy asked TV and internet regulator Arcom to probe Vinted after finding some classified ads on …

France targets Vinted for failure to prevent underage access to adult content Read More »

By Marc Jones and Gergely Szakacs LONDON/BUDAPEST (Reuters) -The benefit to Hungary’s credit rating of any potential U.S. financial backstop package remains difficult to factor in, Fitch has said, and should be unnecessary given the country’s uninterrupted access to borrowing markets. Erich Arispe, Head of Emerging Europe Sovereign Ratings at Fitch, also said last week’s …

Benefits of any US support hard to gauge for Hungary’s rating, Fitch says Read More »

By Nell Mackenzie and Lucy Raitano LONDON (Reuters) -Boaz Weinstein’s Saba Capital Management has sold credit derivatives in recent months to lenders seeking protection on big tech names like Oracle and Microsoft due to concerns over a debt-financed AI investment frenzy, a source told Reuters. Banks have sought to shield their exposure to potential losses …

Exclusive-Weinstein’s Saba sells credit derivatives on Big Tech as AI risks grow, source says Read More »

(Clarifies headline to specify AXA Investment Managers) By Yoruk Bahceli LONDON (Reuters) -AXA Investment Managers halved its exposure to UK bonds in some portfolios on Friday following news that the government has no plans to raise income tax, a senior fund manager told Reuters on Monday. But fund managers at Royal London Asset Management, Allianz …

AXA Investment Managers sells UK bonds after tax U-turn, others still favour gilts Read More »

MADRID (Reuters) -Spain will renovate its high-speed rail network between Madrid and Barcelona to allow trains to reach a maximum speed of 350 kph (218 mph), a velocity so far only achieved in China, its transport minister said on Monday. If achieved, the changes would cut travel time between the two cities – a journey …

Spain aims to cut Madrid-Barcelona high speed rail time to under two hours, minister says Read More »