Reuters/FTSE100 overlay:
Announcements

Forward Diary

Directors deals.

Longer term chart.

Reuters cuts workforce, delays News2Web web project till 2006 - report
AFXU
LONDON (AFX) - Reuters Group PLC has postponed the launch of a multi-million pound editorial system till 2006 and ordered a 22 mln stg cut in its editorial budget, The Guardian reported.
The paper said that journalists at the group's UK news operation are considering strike action after senior management informed them last week of a budget reduction and relocated jobs abroad.
Reuters journalists believe the 22 mln stg cost saving equates to the loss of up to 250 jobs from the financial information group's news division -- which employs 2,300 people -- but Reuters executives are adamant the payroll reduction will not be on that scale, The Guardian said.
The paper quoted the National Union of Journalists chapel in Reuters' London office as saying that the redundancies would 'irreparably damage the company's reputation for editorial accuracy and integrity'.
A Reuters spokeswoman confirmed to The GuardiaN that negotiations are under way with staff and union representatives but declined to comment on job or budget figures.
Journalists at the group's UK editorial headquarters in London are discussing the possibility of a strike.
Reuters has also pushed back the launch of News2Web by two years to 2006 due to teething problems.
Some Reuters staff believe the project is significantly over budget, and fear deeper job cuts will be made before Christmas to ensure that Fast Forward stays on track and cost saving targets are not affected by the budget overrun of News2Web.

Yes watching this closely and if in any doubt, I'm going to
be tempted to get out in the near future.

Well held stockbunny!!

And it's not even cricket David! LOL!!!
:>)

Bit like a "Slinky".... do you remember those, the long slippery spring!!! LOL

Yes I do and the ones you can get now are plastic and don't work!
(I know this as I bought one a few yrs back for number 2 son!)

Well I'm OUT of RTR - spent a while watching the price go down
fractionally and a bit more and a bit more and thought I've been
here too many times before with this one so I sold them!
(Under 20 loss - so not so bad really)

Re evaluating, good idea. I don't know which way from here at the moment.

It's a tough one - if you are still in, good luck but watch your back!!
:>)

No position, stockbunny. Havent played them for a while. I meant you re evaluating, and saying you did the right thing. Instinet is part of RTR.. They have announced after the bell tonight....

Instinet Oct. avg daily equity share volume rises
AFXU


SAN FRANCISCO (AFX) -- Instinet Group Inc. after the bell Friday issued October transaction data for its Instinet and Inet electronic securities brokerage businesses. Inet's average daily U.S. equity share volume was 531 million shares, representing a 13.6-percent share of the U.S. equity market, up from 468 million shares, or 13.1 percent of the U.S. equity market, in the same month last year. Instinet's average daily U.S. equity share volume was 114 million shares, or 2.9 percent of the U.S. equity market, up from 107 million shares, or 2.8 percent of the U.S. equity market, in October 2003.

This story was supplied by CBSMarketWatch. For further information see www.cbsmarketwatch.com.

Instinet figs not taken too well this morning then.

These have had a good run of late, results out on 16th Feb.

Just wondering If there's any more left In the tank.

Shares generally getting a better press these days, terminals sales must be on the up.

Assuming that results are going to be favourable.

What's the feeling everyone? worth a go or reasons not to?

As a performance indicator, what would initially draw a potential investor to Reuters? I am very interested in any comments.

Crumbs, not only no RTR traders on here but no Investors either.

Stan - I've been out of RTR for a while now and personally I wouldn't get
back in unless it was at much lower levels then this. A drop back
towards 320p would get me on board again but not much else.

Yes it could be on a winning streak currently but do check the historic figures on it.

I remember paying 404p in 2002 and got out at a small loss close to
400p last year I think it was, having labeled it my 'dog-share'
for ages! But I stress, DYOR on it, follow your own thoughts.

The industry it is in has many players, the biggest competitor being
Bloomberg of course but there's a lot of small ones also. The key
factor is the cancellation rate that has been promised to be'bottomed'
out for a very long time now. There's been lots of reports of it slowing
but it's the magic words that finally its stopped that have been missing
before. Should they be said, things could look up.
Good Luck whatever you decide to do :>)

Thanks SB, I think you make some good points there and sum the company up well.

I was only looking to make a bit with a rise up to results which I did In the end.

Not a bad trading outfit generally If you can get the timing right of course.

Good on ya Stan for making a profit!!!