Savings pool helps Reuters profits advance

News and information group Reuters posted a sharp improvement in annual profits today after it cut costs and staged a business overhaul.

The company’s year-on-year decline in revenues also slowed as operating profits leapt 52% to £198m (€287m) in the 12 months to December 31. The sale of assets pushed bottom-line profits up by £382m (€555m) to £438m (€636m).