LONDON--Reuters Group revenue showed an improvement of 9 percent year on year for the six months ended June 30. Profits before taxes of £450 million were buoyed by a £160 million profit booked after a follow-on issue of Tibco Software shares by Tibco.
Reuters Information revenue rose by 5 percent, paced by a 10 percent increase in Asia/Pacific, where revenue in Japan and South Asia rose 7 percent and 10 percent, respectively. Americas’ revenue rose 11 percent because of "good" sales of Reuter
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails