Reuters has lost market share to fierce rival Bloomberg in the provision of financial news and data, though not at the ‘premium’ end of the market…The company’s own research revealed its share had slipped to 37% from 39% last year, when Bloomberg had a 42% share of a market estimated to be worth $6bn.
The sector includes the provision of live feed data screens used by the investment community to receive up-to-the-minute financial information and costing about £1,000 a month. It was at this end of the market that Reuters claimed it gained ground on Bloomberg.
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