Market Snubs Reuters' Full-Year Growth


Reuters announced more positive news in its 2005 preliminary results last Thursday, Feb. 23, which marked the first full year of revenue growth since 2001. But the markets did not react well to the news and sent the data vendor's share price plummeting 51.75 pence—or more than 11 percent—to 399.5 pence on the London Stock Exchange at market close on Thursday.

The results showed a 25 percent increase in 2005 net profit, with Reuters Group profit up 28 percent to £482 million in contrast to £37

To continue reading...