Reuters to leave the LSE

FINANCIAL data provider Thomson Reuters said yesterday that it plans to withdraw its shares from the London Stock Exchange (LSE) to simplify its capital structure.<br /><br />The company, formed when Canadian data publishing company Thomson bought British news and financial information provider Reuters, said it would also remove its shares from the Nasdaq.<br /><br />It will retain a dual-listing on the New York Stock Exchange and on the Toronto exchange in Canada.<br /><br />The move will be a big loss for the LSE, which has been under pressure as smaller rivals have eaten into its trading market share, and larger rivals diversify with trans-Atlantic mergers.<br /><br />But chief executive Thomas Glocer played down concerns that the move would see Thomson Reuters lose some of its UK&ndash;based shareholders, noting that only five per cent of all shareholders are in the UK.<br /><br />He expressed hope that those shareholders would retain their holdings even after the delisting.<br /><br />&ldquo;Our shares are now fragmented, divided between North America and London in a way we didn&rsquo;t envision.&rdquo; <br /><br />&ldquo;That&rsquo;s hurting the company because there are investors who would come in but won&rsquo;t,&rdquo; he added.