LOOSE CHANGE

Reuters systems were down in the City last Wednesday due to an overnight power failure in North London. Peter Thomas, Reuters' director of media relations, says that a back-up power generator (that had been successfully tested for a similar scenario just 10 days prior) failed. Thomas says that 95 per cent of Dealing 2000-1 subscribers were back up by 8:15 a.m. and that all others, including D2000-2 subscribers and Globex, were back up by 9:00 a.m. While dealers in the City say the outage was