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Reuters to set Instinet IPO?
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October 17, 2000: 7:32 a.m. ET
Report: Data, news company to announce share sale for online trading business
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LONDON (CNNfn) - Reuters Group PLC, a U.K. financial data and news company, is expected to announce Friday it will sell shares in Instinet, its online share trading unit, according to a news report on Tuesday.
The Financial Times reported Chief Executive Peter Job would detail the possible flotation of a minority stake in Instinet along with its announcement of third-quarter earnings. Reuters declined to comment.
 Job had announced the company's intention to take public the Greenhouse Fund, its Internet incubator, by the end of June, but the sale was first delayed to the third quarter and now has been pushed back into next year, according to an FT report Monday. Volatile demand for new stock issues in the Internet and media sectors has forced the delay, unnamed executives said.
Still, the paper said Reuters executives favor an initial public offering of shares in Instinet and have been working on the plan with investment bank Credit Suisse First Boston.
Reuters said this year that an IPO of Instinet was possible. Tuesday's FT report cited executives as saying that Job would this week only indicate a loose timetable for the float.
Shares in Reuters rose 5 pence, or 0.5 percent, to 1,181 pence ($16.95) in midday trading in London. 
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