Reuters Reports Q1 Revenues Impacted By Sterling's Strength
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In Reuters' first quarter revenue report for 1997, chief executive Peter Job blames sterling's strength as negatively impacting reported figures.
Job notes that the trade-weighted sterling index has gained 4 per cent since figures were last reported at the end of 1996, and that "if sterling maintains this level, we expect to announce little or no growth in reported pre-tax profits and earnings at the half-year compared to the same period a year ago", he says.
Job adds that Reuters is making
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