Reuters Group

Reuters Group

Reuters today is one of the world's largest international news agencies. It is a leading provider of news and information and provides global access to financial data to the world's financial institutions, businesses and the media. It retrieves information from over 258 stock exchanges and gathers information on more than 45,000 companies around the world.

Reuters is truly an international company with almost 17,000 staff in 94 countries across the world. The Reuters regions are divided into Europe, Middle East and Africa; The Americas and Asia Pacific.

History of the Reuters Group

Reuters was founded by Paul Julius Reuter, a German born immigrant in 1851. He had found a niche in delivering the latest news and information using carrier pigeons. Originally he used a fleet of 45 pigeons to deliver news and stock prices between Brussels and his home town Aachen in Germany in just two hours.

In 1851 he arrived in London and opened an office at 1 Royal Exchange Building in the heart of the financial centre and close to the main telegraph offices. He had established a reputation for speed and accuracy and so started to transmit stock market quotations and news between Paris and London over the new Dover - Calais submarine telegraph cable. The company continued to expand and in 1865 Reuters Telegraph Company was registered as a limited company.

In 1984 Reuters was floated as a public company on the London Stock Exchange and on the NASDAQ in the US. The agency has remained independent and neutral despite pressure from the British government during the world war to serve British interests. When it was established as a private company in 1941 it was formed with independent trustees so that they could enforce its neutrality.

The Reuters Group Today

The technology that Reuters utilises today allows access to real-time data on 5.5 million financial records including equities, bonds and derivatives from 258 exchanges and over-the-counter markets. Reuters has become one of the most well respected global information companies because market prices, news and data are updated as much as 8,000 times a second and distributed instantaneously.

The company provides historical information on over 40,000 companies. It is organised in four divisions for the financial industry:

• Sales and trading
• Research and Asset Management
• Enterprise
• Media

Reuters operates the world's largest international news and television agency with over 2,500 editorial staff, journalists and camera operators. This results in more than 30,000 headlines, including third party contributions, and over eight million words are transmitted daily in 19 languages.

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