Reuters to expand operations in India

Reuters to expand operations in India

The world’s largest publicly traded financial data provider company Reuters has come out with their results for the last quarter. The company reported the first sales gain in around three years. The company also plans to expand their operations in the key markets of India and china. However, the shares of the company saw a big fall in more than two years with concerns on excessive spending on strategy, which might result in less earnings by the company.

The company has also pledged to give back around 1 billion pounds to their shareholders in the next two years. This would also eat up the earnings of the company leading to drop in their profits. Market experts believe that these plans would lead to as much as 20% drop in the revenues of the company.

Reuters is now planning to find ways of enhancing earnings by expanding into new markets and fasten the speed of getting into electronic trading. Expert Paul Kavanagh spoke about the company: “With the level of costs to implement the changes, there are inevitably going to be adjustments in forecasts. Glocer has proved he’s someone who can restructure a business. You have to have a reasonable amount of confidence in him.”

The share of the company fell by as much as 8.6% as a result of these plans introduced by the company for their long-term strategy.