1851 Julius Reuter moved to London and set up an office in the Royal Exchange Buildings. He made use of the new Dover–Calais cable to transmit economic information, which he sold to clients. He then started a news service which was taken by some European papers.
1858 It was not for some years that his news service was accepted by British newspapers.
1865 To raise funds for laying a cable directly to Germany, Julius floated Reuters Telegram Company as a public company and took the position of M.D.
1865 Agreement with government of Prussia to lay a direct cable from England to Germany[1].
1866 The Lowestoft-Norderney cable was laid, with 4 separate wires, and was operating immediately[2].
1869 The line to Germany was taken over by the Post Office[3]; a special case had been made for Reuter's in the Acts of Parliament[4]; the company made a large profit.
1870 Reuter formed a worldwide news agency cartel with Havas in Paris and Wolff in Germany, which survived until the 1930s.
1903 The object(ive)s of the Reuter's Telegram Co, Limited were extended.
1916 Reuters (1916) Ltd was incorporated to acquire the telegraphic business carried on by Reuters Telegram Co Ltd
1917 Name changed to Reuters Ltd
1997 Reuters Group PLC was incorporated to acquire the issued share capital of Reuters Holdings PLC.
2008 Thomson Corporation purchased Reuters Group on 17 April to form Thomson Reuters Corporation.
See Also
Sources of Information
- Biography of Julius Reuter, ODNB [2]