Philip Green leaves Reuters

The departure will enable chief executive Tom Glocer to focus more on the day-to-day running of the company, the firm said. "The purpose of this management change is to slim down and bring greater focus to senior management as we reshape Reuters’ business. We have undertaken to reduce costs, and it is imperative we cut expenditure at every level in the company" Glocer said.

The operational management of the business will be brought under the direct control of the Group Management Committee, w

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