GOING DOWN: Reuters Group

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The Independent Online
FINANCIAL information provider Reuters saw its shares fall over 22 per cent after analysts cut profit forecasts on concern that growth at its Instinet trading division would be slower than expected. There were also reports the company was under investigation by the Stock Exchange to see if it broke regulations by releasing price-sensitive information to analysts at a meeting in New York without making a public statement. The company denied it released any such information then.

Instinet - Reuters' fastest-growing division - faces weaker profit growth due to slower Nasdaq trading ahead of the millennium computer change and competition from newer electronic trading systems.

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