Patrick Drahi, the telecoms tycoon behind European cable group Altice, said his company was not ready to take over Time Warner Cable, days after he lost out to John Malone's Charter Communications in a race to buy the business.
Apple has reclaimed its crown as the world's most valuable brand, worth a staggering $247 billion, according to WPP and Millward Brown.
LONDON Financial market trading revolved around the U.S. dollar on Wednesday with European shares rallying on the back of a weak euro and U.S.
Tiffany reported stronger than expected first quarter earnings results on Wednesday, helped by demand for fashion and statement jewelry, despite the headwinds it continues to face from a stronger dollar.
LONDON Crude oil futures reversed early gains to fall below $63 a barrel on Wednesday as the dollar's recovery from early losses outweighed expectations of a draw on U.S.