Reuters Interim Profits Rise 17 Per Cent As Transaction Revenues Surge Ahead
DEALING & NETTING
Reuters reports a rise of 17 per cent in pre-tax profit to £288 million for the first half of 1995, based on a 19 per cent jump in revenues, due to strong growth in transaction product revenues. Chief executive Peter Job said that transactions "remained the fastest-growing part of Reuters' business."
While the largest part of the growth came from the Instinet equity crossing service, the Dealing 2000 product line, which includes the 2000-1 conversational system and the 2000-2 FX matching service
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