Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1612
    -0.0071 (-0.61%)
     

  • GBP/USD

    1.2373
    -0.0066 (-0.53%)
     

  • Bitcoin GBP

    51,858.84
    +573.51 (+1.12%)
     

  • CMC Crypto 200

    1,381.62
    +69.00 (+5.26%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.22
    +0.49 (+0.59%)
     

  • GOLD FUTURES

    2,402.50
    +4.50 (+0.19%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Vivendi remains committed to Telecom Italia - spokesman

Reuters
The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris

MILAN (Reuters) - Telecom Italia's (TIM) <TLIT.MI> top shareholder Vivendi <VIV.PA> on Monday confirmed its long-term commitment to the Italian phone group, just days after activist fund Elliott reduced its stake.

Elliott last week cut its TIM shareholding to 6.97% from 9.72%. French media group Vivendi owns 24% of TIM.

"In light of recent events and Elliott's stake reduction, Vivendi confirms its own commitment to Telecom Italia as a long-term industrial investor," a Vivendi spokesman said.

(Reporting by Elvira Pollina, writing by Agnieszka Flak, editing by Giulia Segreti)