Reuters’ Optimism After Q1 Revenues Reflects on Instinet

EARNINGS REPORT

LONDON--Reuters chief executive Peter Job says that the outlook for Reuters is good, partly because of the fact that competition is dwindling while Reuters’ products are gaining in strength and reputation.

Reuters reported stronger first quarter revenues, up 17 percent to £970 million compared with the same quarter last year, largely thanks to Instinet and Reuters Financial. Underlying revenue, which excludes the impact of acquisitions, disposals and currency movements, rose 10 percent.

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