Feeds

Reuters to launch 24/7 retail Net op

Wades into retail swamp

  • alert
  • submit to reddit

Remote control for virtualized desktops

Reuters, the world's biggest news wholesaler, is getting into retail. It is pumping in £20 million into an own-brand 24/7 global news service, The Guardian reveals. Reuters research suggests "that there is demand among high-net-worth individuals for a readable, fast service that can provide 24-hour news", according to The Guardian, in a piece that bears all the hallmarks of a PR-engineered leak. This is fatuous stuff for the media pack -- Register research indicates there is no demand from anyone for an unreadable, slow service. And that didn't cost us a penny to find out. The Reuters retail site will link into all its original material and it's taking on 20 journalists dedicated to the site in the first stage of the operation. The company hasn't worked out all the details yet, The Guardian says. So let's make some educated guesses. The site will supply also personal finance news and advice, and at some stage, tie up with an online share-trading operation. Conflicts of interest means that Reuters risks losing some of its wholesale news customers. But this will be a small price to pay if it succeeds in establishing a successful retail site. The company has the muscle and the name to push into the online retail jungle. But does it have the flair? Reuters is not exactly noted for its retailing prowess. And besides, the Net space for Finance/News/Share Trades is looking increasingly crowded. Lined up against Reuters already are Motley Fool, which today received a $25 milllion VC injection, Raging Bull, Silicon Investor, TheStreet.com, and more traditional rivals like Bloomberg and FT.Com. ® For the latest "ker ching" on the Web tune into Cash Register and turn on to our daily Net Finance News.

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
ISPs handbagged: BLOCK knock-off sites, rules beak
Historic trademark victory, but sunset clause applies to future blocks
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.