Reuters Group Plc

Notes:

Traced origins to Paul Julius Reuter, 1816-99, retired 1878, who came to City of London in 1851 to establish a news agency to supply news to commercial, notably financial services, businesses and newspapers, much gathered by means of telegraphy. By 1858 successfully selling news and incorporated as Reuter's Telegram Co Ltd, a public business, in 1865. By then a focus was the supply of financial information. Opened first overseas branch, at Bombay, in 1866. By late century the world leader. 1916 reorganised as Reuters Ltd when owned by Roderick Jones and Mark Napier. From 1925 controlled by Press Association, control later being shared with Newspaper Proprietors' Association. From late 1940s owned by Reuters Trust, formed to ensure its independence. 1920 established its Trade Dept to report financial news and by 1923 sending market data to Europe. From 1970s transmitting market data direct to financial services businesses and subsequently developed this very substantially. In 1980s and 1990s emerged as the world leading supplier of financial information. Floated 1984 as Reuters Group Plc. In decline in early 21st century and in 2008 acquired by Thomson Organization of Canada and in 2023 forms its media division as Thomson Reuters [2023]