Reuters has issued a statement this morning to end the speculation that Unilever boss Niall FitzGerald is set to take over as chairman of the financial information supplier.

According to the Sunday Times, FitzGerald could be named chairman by the end of the year and and takeover from Sir Christopher Hogg.

Reuters said that “no such decision has been taken or is currently planned”.

Earlier this month, FitzGerald was named as a new non-executive director of Reuters from January next year.