Reuters to reassess business strategy

Reuters' results, issued last week, shot the global media company into the headlines on news that it was to slash up to 1,200 jobs from its worldwide operations. However, stocks traded down on the news of the move to cuts costs, hand in hand with the new chief executive Tom Glocen's intention to refocus the business into groupings focusing on the end customer. The company remains troubled though and some fund managers fear that its position as a high profile media content stock could soon end with the company developing into a more cyclical profile and being priced accordingly. Rothsc...