Reuters Info Revenue Up 7 Percent In First Quarter

EARNINGS REPORT

LONDON--Reuters released its first quarter earnings for 1998, showing an underlying growth rate of seven percent in its core information products business with revenues of £453 million ($758 million), compared with £445 million ($744 million) for the first quarter of 1997. How ever, the impact of the strong pound reduced the real growth rate to two percent.

Recurring revenues, the closest representation of its market data services that is published by Reuters, were up nine percent (three perc

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