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Thomson Reuters shares plumb new depths

Wednesday 8 October 2008

Thomson Reuters shares plumbed new depths on Wednesday, plunging to historic lows before bouncing back to recover some of the value lost in New York and Toronto.

The London shares hit an all-time low of 991 pence at one point as coordinated cuts in interest rates failed to alleviate fears of a global recession.

LONDON: TRIL.L closed 2.43 per cent lower at 1,085 pence, down 27. The day's trading range was 991-1,160 pence. The FTSE 100 index ended 5.18 per cent lower at 4,366.69, a fall of 238.53 points.

NEW YORK: TRI was 0.52 per cent higher at $25.08, a gain of $0.13. Range: $23.85-$25.51. The Dow Jones Industrial Average closed 2.0 per cent or 189 points lower at 9,258.10.

NASDAQ: TRIN gained 0.05 per cent to finish $113.16, up $0.06. Range: $110.02-$116.0328.

TORONTO: TRI.TO gained 2.13 per cent to end the day at C$28.24, up C$0.59. Range: C$26.51-C$28.56. ■