Reuters to sell Instinet for up to $2.5bn

Reuters, the news and information group, has appointed UBS to sell Instinet, its brokerage business, in the most dramatic overhaul yet of its portfolio of companies.

A source close to Reuters, which owns 63% of Instinet, said the Swiss bank had been appointed "recently" to sell the brokerage firm.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump