Forecasts were cut by Lehman Brothers and ABN Amro, which both said that, along with the economic slowdown, Reuters' recent acquistion of parts of collapsed rival Bridge Information Systems will hit its profits.
Reuters shares were down 1.5% to 679.5p from last night's close of 690p. Reuters' shares have not been as badly hit as many media stocks. At the time of its first-half results in July, shares were trading at around 775p.
ABN Amro cut its estimates by 5% for 2001 and 9% for the following year. Lehman cut its estimates by 6% and 8% for 2001 and 2002 respectively.
Earlier this year, Reuters announced around 1,000 job cuts as part of a plan to save £150m by 2003 as it attempts to migrate its business towards the internet.
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