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Thomson Reuters shares sink in market meltdown

Friday 24 October 2008

Thomson Reuters lost up to 7.71 per cent of its value on Friday in further falls at the end of another disastrous week on world stock markets.

On the anniversary of the 1929 Wall Street Crash, historic lows for the stock were recorded in London, New York and Toronto.

LONDON: TRIL.L ended 50.99 pence or 5.08 per cent lower at 952 pence. Range: 883 pence-989.00  pence. The FTSE 100 closed 204.47 points - 5.0 per cent - down at 3,883.36. The British benchmark has fallen 20.8 percent so far this month, on track for its biggest monthly fall since the crash of 1987, and is down nearly 40 per cent for the year.

NEW YORK: TRI was down $1.67 - 7.71 per cent - on the day to $20. Range: $19.85-$20.84. The Dow Jones Industrial Average fell 3.59 per cent to 8,378.95.

NASDAQ: TRIN ended $7.17 - 6.69 per cent - lower at $91.11. Range $86-$92.97.

TORONTO: TRI.TO finished the day down C$1 - 3.68 per cent - at C$26.15. Range: C$25.02-C$26.59. ■