In mid-March shares in the FTSE 100 firm dropped below £1 for the first time in the company's 10-year history on the stock market.

There has been a series of substantial rises since then, as investors warmed to restructuring plans.

Reuters has been hit hard over the past few years by the collapse in technology spending, sharp stock market falls and increased competition from competitors such as Bloomberg and Thomson.

Job cuts

Its biggest customers are investment banks and other financial institutions, which have been among the worst affected by stock market falls.

And several large investments such as Instinet, an electronic brokerage, have struggled to justify themselves in light of the dot.com and stock market crashes.

The restructuring plans involve thousands of job cuts and a refocusing on the most profitable parts of the business.

On Friday, Reuters shares finished the day up another 6% to 194 pence.

This compared with a low of 95.5p touched on 12 March.