Reuters Announces First Loss

ORGANIZATION AND STRATEGY

Reuters posted a pre-tax loss of £88 million for the first six months of this year ended June 30, its first since it became a publicly listed company in 1984. This compares to a pre-tax profit of £357 million for the same period a year ago.

The loss stemmed from a £156 million restructuring charge and a trouncing in the revenues of electronic trading agency Instinet, which posted a 38 percent decline in revenues to £301 million and an operating loss of £5 million.

Reuters, whose financial mar

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