Secondary Recommendation

Reuters - Director buying could mark low-point

September 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After a long and painful decline to 233p, a level last seen in 1991, shares in financial information specialist, Reuters (market cap: Â£4.22 billion) bounced sharply in August when three directors bought shares at between 249p and 283p. Reuters supplies market terminals, dealing platforms and other related products, which cover most tradable commodities such as equities, financial derivatives, fixed income products and currencies. Excluding Instinet, its 83% owned electronic securities brokerage, Reuters' core business had sales of Â£3,042m in the year ended December 2001. This divided into the four customer segments of: Treasury (16%), comprising foreign exchange and money market professionals; Investment B ...

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