Global news giant Thomson Reuters has announced it plans to delist from the London Stock Exchange – leaving just three news organisations in the FTSE100.
The group said today it would remain listed on the Toronto and New York exchanges. Quitting London would “consolidate and improve the trading of the company’s shares and simplify its capital structure”, it said.
Chief executive Tom Glocer said London shareholders represented only five per cent of the company’s total. He stressed that the move would have no effect on staff working in the UK.
“Our commitment to customers, employees and other stakeholders in London, the United Kingdom and Europe is unchanged by where we list our shares,” Glocer added.
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“London is a vital global capital for the markets that we serve, and home to more than 5,000 of our employees.”
The proposed move will be put to a shareholder vote on 7 August.
Thomson Reuters’ departure from the London stock exchange leaves BSkyB, Reed Elsevier and Pearson in the index of the UK’s 100 leading companies.
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