FX Week

Delays Haunt Reuters, Adrs Drop Dealing 2000-2, No Early Bonanza


Delays came back to haunt Reuters Holdings PLC Tuesday, after analysts realized that the strong revenue growth they had been expecting from Reuters GLOBEX and Dealing 2000-2 transactional services is still a long way down the road.

Reuters' ADRs fell 10 points in over-the-counter trading on Tuesday to $56.25 after the company released first-half results. Profit before taxation was $290.7 million in the first half, compared with $237 million in the first half of 1989.

Although Reuters reported