FX continues to prop up flagging Reuters
The information and technology giant’s third-quarter revenues were £658 million (e947 million) -- a 12% decline from the same period last year, in what "continues to be a tough market", said officials.
But while overall usage revenue slipped 9% to £26 million, treasury usage figures were boosted by volatile currency markets, and showed strong growth of 20% year-on-year. The firm reported "particularly encouraging" volume increases for its forwards matching platform, where Reuters is the biggest
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