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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month October 1998
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REUTERS GROUP PLC
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(Translation of registrant's name into English)
85 Fleet Street, London EC4P 4AJ, England
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports Form under cover Form 20-F or Form 40-F.]
Form 20-F [X] Form 40-F [ ]
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes [ ] No [X]
This Report is incorporated by reference in the prospectuses contained in Post
Effective Amendment No. 2 to Registration Statement No. 33-16927 on Form S-8,
Post-Effective Amendment No. 1 to Registration Statement No. 33-69694 on Form
F-3, Post-Effective Amendment No. 1 to Registration Statement No. 33-90398 on
Form S-8 and Post-Effective Amendment No. 1 to Registration Statement No.
333-7374 on Form F-3 filed by the registrant under the Securities Act of 1933.
FOR IMMEDIATE RELEASE
CONTACT: Robert Crooke Nancy Bobrowitz
Media Relations Investor Relations
Reuters America Inc. Reuters America Inc.
212-603-3587 212-603-3345
REUTERS AND DOW JONES & COMPANY SIGN NEWS DISTRIBUTION AGREEMENT
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London, October 7, 1998 - Reuters and Dow Jones & Company have signed an
agreement which will dramatically increase the availability of Dow Jones
Newswires to Reuters customers in the financial markets worldwide.
The contract allows Reuters customers in most markets to subscribe to Dow Jones
Newswires as an optional service. This means that financial markets
professionals will, for the first time, be able to subscribe to the full Reuters
and Dow Jones news services integrated on a single screen. Before this new
agreement, a limited selection of Dow Jones news was available to Reuters
customers in North America only.
Peter Job, Reuters chief executive, said: "This agreement creates a great
convergence in the world of financial markets news. We believe our customers
will relish the ability to view the Dow Jones and Reuters services seamlessly
integrated. We are very pleased to be able to work closely with Dow Jones."
Peter Kann, chairman and chief executive officer of Dow Jones & Company, said:
"Reuters is the world's largest distributor of real-time financial data. We're
very pleased to be able to make Dow Jones Newswires much more widely available
to Reuters customers on a global basis."
Dow Jones Newswires are currently distributed on more than 285,000 screens
worldwide, of which approximately 35,000 are Reuters screens. Reuters currently
has over 450,000 users. The agreement announced today was made possible by Dow
Jones' sale, earlier this year, of its former Telerate unit. Before the sale,
the distribution of some Dow Jones Newswires was exclusive to Telerate.
Note to editors
Reuters (NASDAQ: RTRSY) supplies over 58,000 organizations in global business
and news media with the widest range of information and news products including
real-time financial data, transaction and risk management systems, numerical,
textual, historical and graphical databases, news, news video and news pictures.
Reuters designs and installs trading room systems. It extensively uses internet
technology for wider distribution of information and news. More details see
WWW.REUTERS.COM/ABOUTREUTERS/MEDIA.
Reuters is one of the world's largest news and television agencies with 2,035
journalists, photographers and cameramen in 169 bureaus serving 163 countries.
News is published in 25 languages.
The Dow Jones Newswires provide real-time news for financial professionals
across five asset classes: equities, fixed income, foreign exchange, commodities
and energy. In addition to the Dow Jones Newswires, Dow Jones & Company (NYSE:
DJ) publishes The Wall Street Journal and its international and Interactive
editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones
Indexes, Dow Jones Interactive and the Ottaway group of community newspapers.
Dow Jones is co-owner of the CNBC television operations in Asia and Europe, and
also provides news content to CNBC in the US.
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(20/98)
Reuters and the dotted and sphere logos are the house trademarks of Reuters
Limited.
FOR IMMEDIATE RELEASE
CONTACT: Robert Nancy Bobrowitz
Crooke Investor Relations
Media Relations Reuters America Inc.
Reuters America Inc. 212-603-3345
212-603-3587
REUTERS AND J.P. MORGAN SET UP NEW RISK INFORMATION COMPANY
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REUTERS AND J.P. MORGAN SET UP NEW RISK
INFORMATION COMPANY
London, October 14, 1998 - Reuters, the global information and news group, has
joined J.P. Morgan as the major shareholders in a new company, The RiskMetrics
Group, which will offer specialized data and calculation tools for the risk
management community.
The RiskMetrics Group will build upon existing J.P. Morgan risk estimation
products, such as RiskMetrics(R) and CreditMetrics(R), to provide a unique
source of information for risk managers. Reuters will supply financial market
data to the new company, and plans to offer the finished products via its global
network. The RiskMetrics Group will continue to offer the existing
RiskMetrics(R) and CreditMetrics(R) products free of charge via the public
Internet, as well as a new range of chargeable products.
The new company will combine Reuters strengths as the world's largest
distributor of financial market data with the expertise built up within J.P.
Morgan in risk estimation.
Krishna Biltoo, Director, Money Markets for Reuters and its representative on
the RiskMetrics Group board, said: "The new entity adds significant dimensions
in market and credit risk information to the global financial database available
to Reuters customers. We are very pleased to draw upon the expertise developed
at J.P.Morgan to enter this promising market."
Ethan Berman, formerly Managing Director and head of Morgan's risk products
group and now the Chief Executive Officer of the new company, said: "The new
entity will give us a more flexible, focused and responsive vehicle for
delivering the risk management expertise of J.P. Morgan and other top-tier
financial institutions to an expanding client base. The numerous requests we
currently receive for new research, data analytics and training can be more
easily met through a group whose sole focus is risk management."
The existing J.P. Morgan risk products, which will now be managed by the new
company, are used by over 10,000 risk managers worldwide.
Note to editors
Reuters (NASDAQ: RTRSY) supplies the global financial markets and the news media
with thewidest range of information and news products including real-time
financial data, collective investment data, numerical, textual, historical and
graphical databases plus news, graphics, news video, and news pictures, reaching
457,000 users located in 57,200 organisations. Reuters designs and installs
enterprise-wide information management and risk management systems for the
financial markets as well as providing equity and foreign exchange transaction
systems. It extensively uses internet technologies for wider distribution of
information and news. The Group employed 16,699 staff in 215 cities in 91
countries at 30 June 1998.
Reuters is the world's largest news and television agency with 2,035
journalists, photographers and camera operators in 169 bureaus serving 163
countries. News is published in 25 languages.
For more details see WWW.REUTERS.COM/ABOUTREUTERS/MEDIA.
# # #
(21/98)
Reuters and the dotted and sphere logos are the house trademarks of Reuters
Limited.
FOR IMMEDIATE RELEASE
CONTACT: Nancy Bobrowitz Robert Crooke
VP, Investor Relations VP, Media Relations
Reuters America Inc. Reuters America Inc.
(212) 603-3345 (212) 603-3587
REUTERS UNDERLYING REVENUE RISES 10% IN THIRD QUARTER
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London, October 22, 1998 - Reuters revenue for the third quarter of 1998 rose by
an underlying 10% over the same period of last year. The strength of sterling
during the quarter continued to hold back revenue growth with the result that at
actual rates revenue grew 7% to (pound)761 million (US$ 1,294 million) compared
to (pound)713 million (US$ 1,212 million) for the year ago quarter. Revenue for
the nine months grew by 9% excluding the effects of currency and by 4% at actual
rates to (pound)2,214 million (US$ 3,763 million) from (pound)2,122 million (US$
3,607 million). All US dollar equivalents are converted at US$ 1.70, a rate
prevailing on 30 September 1998.
Information products revenue grew by 9% at comparable rates in the quarter.
Recurring revenue grew by 9% at comparable rates. Outright sales revenue grew
15% at comparable rates, reflecting continuing strong demand for risk management
systems.
Transaction products revenue grew 13% at comparable rates. Instinet revenue
growth increased to 27% from 15% in the second quarter, reflecting growth in the
volume of shares traded through the Instinet system. Instinet's international
revenue continued to show strong growth, up 68%. Dealing revenue rose by 1% at
comparable rates.
Media and professional products revenue grew 3% at comparable rates, reflecting
growth of 15% from our professional products, offset by a 3% decline in media
revenue.
In Europe revenue grew 8% in the quarter at comparable rates, in line with the
first half.
In Asia revenue declined by 1% at comparable exchange rates in the quarter.
Trading conditions in most Asian countries remain difficult.
In America revenue grew 8% at comparable rates, compared to 6% the previous
quarter and the year to date, reflecting steady growth in the demand for
information products.
Chief executive Peter Job said:
"As we said in our half year results announcement, we expect a satisfactory
underlying performance for the full year. Operating profit for this year at
comparable exchange rates is currently projected to grow in double digits. With
the uncertainty in financial markets, we have no clear view yet as to the degree
of improvement in our performance that we expect in 1999. Our franchise remains
solid and intact. We have been taking a cautious view of the future for quite
some time and, in consequence, are already far on with a reorganisation designed
to improve efficiency and profitability.
"In the second half of the year significant effort is being spent on the
implementation of millennium and euro compliant releases of our products. These
issues are progressing satisfactorily."
End
This news release may be deemed to include forward-looking statements within the
meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the
US Securities Exchange Act of 1934. Certain important factors that could cause
actual results to differ materially from those discussed in such forward-looking
statements are described in Reuters Interim Statement for the six months ended
30 June 1998 under the heading "Cautionary Statements". Copies of this Interim
Statement are available on request from Reuters Group PLC, 85 Fleet Street,
London EC4P 4AJ.
Reuters and the dotted and sphere logos are the house trademarks of Reuters
Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
REUTERS GROUP PLC
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(Registrant)
Dated: December 14, 1998 BY: /s/ J. B. Reid-Dodick
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John B. Reid-Dodick
Attorney-in-Fact