Reuters Deals Slow Rate of Decline

FRONT PAGE: ORGANIZATION & STRATEGY

The long saga of Reuters’ return to growth continued last week with the news that the rate of decline in revenue continued to slow in the second quarter of 2004. The company also forecast a broadly positive outlook for the rest of the year, buoyed by a number of new deals.

These include the sale of 630 positions of 3000 Xtra to investment banking, merchant banking, asset management and private wealth management staff at Swedish banking group SEB, replacing legacy 2000 and 3000-series products