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P504 Teletext 504 Jul26 16:04:37       ——————  ———————————————————  REUTERS AMBITION TO IMPACT EARNINGS News and financial information group Reuters has warned that plans to invest more in China and India and step up electronic trading will dent earnings. It saw first half pre-tax profits drop by 51% from last year to £147m, but subscription revenue grew in the second quarter - up 0.4% to £547m - after three years of steady declines. Reuters has also pledged to return £1bn to investors over the next two years. ——————————————————————————————————1/2—— Reuters warning of further job cuts > VISIT THE BALEARICS FROM AS LITTLE AS £139. TURN TO p205/293 NOW!! Next news Shares Markets MortgagAd
P504 Teletext 504 Jul26 16:24:11       ——————  ———————————————————  REUTERS WARNING OF FURTHER JOB CUTS Reuters has warned that up to 500 posts may be axed over the next three to five years - on top of a 3,000 reduction in its workforce to 15,000 since 2001. The news and financial data group said any further cuts would be in its data processing centres and part of plans for an extra £150m in savings by 2010. Its Fast Forward restructure programme, now nearing completion should reduce annual costs by £440m from next year. ——————————————————————————————————2/2—— Reuters ambition to impact earnings > BEAT THE BOOKIES: VISIT BET SPY p570 Next news Shares Markets MortgagAd