Reuters Decides to Float Instinet; Third Quarter Revenues Up 16 Percent

EARNINGS REPORT

LONDON--Reuters has decided to float Instinet, its electronic brokerage firm, and has begun the preparatory work for an initial public offering in the US of a minority stake.

Reuters chairman Peter Job said in a conference call that the flotation of Instinet will create great value for investors and bring more transparency to Reuters shareholders. Job added that Instinet as a separate public entity will have more freedom to make strategic acquisitions and will be able to motivate employees

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: