Reuters’ Rollercoasting Share Price, Speculation On Job Is Big News In 1999

YEAR IN REVIEW, 1999

The headline-grabbing news for Reuters, particularly in the last quarter of 1999, was its roller coasting share price, prompting speculation about the future of Reuters’ chief executive Peter Job.

Reuters’ share price during the year ranged from a low of 486 pence to a high of 1011 pence--a spread of 525 pence. The most dramatic fall came after a regular analysts briefing that left analysts nervous about the future of Reuters Instinet transaction system in the face of increased competition.