GOING DOWN: Reuters Group

Saturday 25 September 1999 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

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.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

GOING DOWN: Reuters Group

Join our commenting forum

Thank you for registering