Reuters Secures Key Wins as It Returns to Profit
DATA CONSUMERS
Reuters bounced back into the black last week with a half-year pre-tax profit that was buoyed by major wins at Goldman Sachs, Lehman Brothers and Landesbank Rheinland-Pfalz.
Reuters’ return to profit from its first loss in its 151-year history last year had been driven by cost savings achieved by laying off thousands of staff and eliminating half its information services under a three-year Fast Forward plan that was announced in February (IMD, Feb. 24).
Securing Goldman Sachs is an important
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