Reuters Group Revenues Up by 14 Percent, but 1,100 Staff Still to Be Cut

- WatersTechnology Staff
- 30 Jul 2001

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LONDON--Reuters' overall revenue rose 14 percent to £1.9 billion ($2.7 billion) for the six months ending June 30, according to Reuters' interim results, which were released last week. Reuters also announced plans to cut 1,100 jobs as part of the business transformation program.

Operating profit from Reuters' divisions--Reuters Financial, Reuterspace and Instinet--rose 6 percent to £330 million ($469 million) before costs of the company's business transformation program. Profit before tax fell 21

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