19 October 2017

Bloomberg sales rise - FT

16 January 2003  |  9543 views  |  0 Bloomberg sales rise - FT

Bloomberg boosted the number of subscribers to its market data screens last year by almost five per cent, in contrast with rival Reuters which lost customers as a result of investment banking spending cuts, according to figures quoted by the Financial Times.

The number of Bloomberg terminals installed worldwide rose to 171,350 from 163,401. The company's revenue from screens rose 5.7 percent to $2.75 billion, out of a total revenue of $3 billion, up from $2.8 billion last year, the FT said.

The figures will put greater pressure on Reuters executives to turn the company around, the FT said. Comparable sales data for Reuters is not available, although analysts are forecasting a decline in subscriber numbers as banks continue to pare spending, the paper said.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Reuters wins Credit Suisse asset management deal

Reuters wins Credit Suisse asset management deal

07 January 2003  |  5226 views  |  0 comments
Merrill Lynch signs with Thomson Financial for wealth management system

Merrill Lynch signs with Thomson Financial for wealth management system

18 December 2002  |  5483 views  |  0 comments
KAS Bank contracts for Reuters' Kondor+ and RTP

KAS Bank contracts for Reuters' Kondor+ and RTP

09 December 2002  |  4958 views  |  0 comments
Reuters to acquire AVT Technologies

Reuters to acquire AVT Technologies

02 December 2002  |  7849 views  |  0 comments
Reuters in talks about equity research service - FT

Reuters in talks about equity research service - FT

27 November 2002  |  4216 views  |  0 comments
Reuters and CapCo shut down Synetix

Reuters and CapCo shut down Synetix

25 November 2002  |  9043 views  |  0 comments

Related company news

 

Related company information

Bloomberg

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15758 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8923 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8009 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7116 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6266 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job