Reuters today reported a 10% fall in underlying first quarter earnings as it seeks to recover from a disastrous 2002.
Reuters chief executive Tom Glocer refuses to be downcast and said today: “We are pleased with the progress we made in this quarter in what continues to be a tough market. Revenues were in line with our expectations and we saw some good sales wins.”
Shares in the company were up 2.25p at 120p at the close of trading today.