Tom Glocer, the new chief executive at Reuters, has lined up one-to-one courtesy visits to key financial institutional customers in London over the first few weeks of his new job.

With profits for the news and market data group down 17% for the first half of the year, it is understood Glocer, Reuters' first non-journalist chief executive, is keen to reassure large customers of the cost-cutting efficiencies the group is achieving. The two-year redundancy programme implemented by Glocer is projected to save £10m (€16m) this year and £35m next year. Reuters said last week that it will cut 7% of its 16,500 workforce worldwide.