Reuters Group Revenues Up by 14 Percent, but 1,100 Staff Still to Be Cut
EARNINGS REPORT
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
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 info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Broadridge-Nyfix, Delta Capita-Equilend, S&P-Ion, Trumid, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
DTCC dives into public cloud
The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.
Solving the last line of latency
Repurposed copper cables and hollow-core fiber can optimize latency even for firms who feel they’ve hit a ceiling, writes Vahan Sardaryan in this guest column.
LSEG’s FXall to launch credit-intermediated FX forwards service
Split Risk to allow buy side to tap best spot and swap prices to create forwards, and unbundle market and credit risk
APAC’s hidden opportunity is in the hands of wealth managers
Asia-Pacific’s financial firms have lofty growth ambitions that will come with high cost and complexity. To succeed, they’ll need a quality portfolio toolkit and a connected technology architecture, writes BlackRock’s James Verner.
Apac buy-side firms embrace AI and automation to bolster the business
How Apac buy-side firms are using AI, APIs and automation to transform investment workflows
TMX to undertake extended trading hours in Canadian equities
Exchange operator looks to keep pace with US markets and potentially undercut Canadian competitors.
Pimco replaces Bloomberg EMS with TS Imagine
Fixed income giant is shrinking its Bloomberg EMS footprint, though not removing it completely, sources say.
