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69-479: The agency was established on 1 July 1938 by major South African newspapers to facilitate the sharing of news. Reuters had dominated the internal supply of news in South Africa until 1938. When SAPA was founded, Reuters retained the exclusive right to supply it with world news. Reuters ended this partnership in 1995, when it began expanding its own Southern African activities in competition with SAPA. In February 1938,

138-518: A trapezoidal floor plan and is flanked by Cornhill and Threadneedle Street , which converge at Bank junction in the heart of the city. It lies in the Ward of Cornhill . The exchange building has twice been destroyed by fire and subsequently rebuilt. The present building was designed by Sir William Tite in the 1840s. The site was notably occupied by the Lloyd's insurance market for nearly 150 years. Today,

207-511: A tympanum with relief sculpture by Richard Westmacott (the younger) of seventeen figures representing London merchants and foreign traders. The central allegorical figure represents Commerce, above an inscription chosen by Albert, Prince Consort from Psalm 24 : "The Earth is the Lord's, and the fulness thereof". The Latin inscription on the frieze states: Anno XIII. Elizabethae R. Conditvm; Anno VIII. Victoriae R. Restavratvm. or "founded in

276-510: A "value-neutral approach" which extends to not using the word terrorist in its stories. The practice attracted criticism following the September 11 attacks . Reuters' editorial policy states: "Reuters may refer without attribution to terrorism and counterterrorism in general, but do not refer to specific events as terrorism. Nor does Reuters use the word terrorist without attribution to qualify specific individuals, groups or events." By contrast,

345-603: A U.S. military Apache helicopter in Baghdad. During 2004, cameramen Adlan Khasanov was killed by Chechen separatists, and Dhia Najim was killed in Iraq . In April 2008, cameraman Fadel Shana was killed in the Gaza Strip after being hit by an Israeli tank . While covering China's Cultural Revolution in Peking in the late 1960s for Reuters, journalist Anthony Grey was detained by

414-408: A career of almost 20 years with the company and wrote that "progressively, getting any climate change-themed story published got harder" following comments from then-deputy editor-in-chief Paul Ingrassia that he was a " climate change sceptic ". In his comments, Fogarty stated: By mid-October, I was informed that climate change just wasn't a big story for the present, but that it would be if there

483-551: A constant feed of news to newsrooms in South Africa. The agency also maintained a picture and news video service and press release service called link2media. Traditionally, SAPA relied on its regional newspaper members for regional South African news, in addition to reporting by its own staff. Its head office was in Johannesburg , and it had bureaus in Cape Town , Durban , Bloemfontein and Pretoria . Its primary area of distribution

552-612: A guide for fair presentation and disclosure of relevant interests, to "maintain the values of integrity and freedom upon which their reputation for reliability, accuracy, speed and exclusivity relies". In May 2000, Kurt Schork , an American reporter , was killed in an ambush while on assignment in Sierra Leone . In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by U.S. troops in Iraq . In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were struck by fire from

621-474: A mechanism that can play God Save the King , The Roast Beef of Old England , Rule Britannia! and Psalm 104 . The combined weight of them is 131 cwt. I qr. The original plan was to have the same number of bells as before the fire (nine) but was increased to 15 at the suggestion of Edward John Dent , who, having visited Brussels to obtain information as to the arrangement of carillons, was convinced to recommend that

690-578: A number of electronic brokerage and trading services. Reuters was floated as a public company in 1984, when Reuters Trust was listed on the stock exchanges such as the London Stock Exchange (LSE) and NASDAQ . Reuters later published the first story of the Berlin Wall being breached in 1989. Reuters was the dominant news service on the Internet in the 1990s. It earned this position by developing

759-561: A partnership with ClariNet and Pointcast , two early Internet-based news providers. Reuters' share price grew during the dotcom boom , then fell after the banking troubles in 2001. In 2002, Britannica wrote that most news throughout the world came from three major agencies: the Associated Press , Reuters, and Agence France-Presse . Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc . Reuters

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828-577: A pioneering act. In 1925, the Press Association (PA) of Great Britain acquired a majority interest in Reuters, and full ownership some years later. During the world wars, The Guardian reported that Reuters: "came under pressure from the British government to serve national interests. In 1941, Reuters deflected the pressure by restructuring itself as a private company." In 1941, the PA sold half of Reuters to

897-476: A team of specialist reporters at Point Carbon and a columnist. There has been no change in our editorial policy." Subsequently, climate blogger Joe Romm cited a Reuters article on climate as employing " false balance ", and quoted Stefan Rahmstorf, co-chair of Earth System Analysis at the Potsdam Institute that "[s]imply, a lot of unrelated climate sceptics nonsense has been added to this Reuters piece. In

966-673: A then-total of 18 partner agencies. Reuters president Michael Friedenberg said he was "delighted that TASS and Reuters are building upon our valued partnership". Two years later, TASS's membership in Reuters Connect came under scrutiny in the wake of the 2022 Russian invasion of Ukraine ; Politico reported that Reuters staff members were "frustrated and embarrassed" that their agency had not suspended its partnership with TASS. On 23 March 2022, Reuters removed TASS from its "content marketplace". Matthew Keen, interim CEO of Reuters said "we believe making TASS content available on Reuters Connect

1035-583: Is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange . Headquartered in London, Reuter's company initially covered commercial news, serving banks, brokerage houses, and business firms. The first newspaper client to subscribe was the London Morning Advertiser in 1858, and more began to subscribe soon after. According to

1104-522: Is a news agency owned by Thomson Reuters . It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest and most trusted news agencies in the world. The agency was established in London in 1851 by the German baron Paul Reuter . It was acquired by the Thomson Corporation of Canada in 2008 and now makes up

1173-699: Is headquartered in Toronto , and provides financial information to clients while also maintaining its traditional news-agency business. In 2012, Thomson Reuters appointed Jim Smith as CEO. In July 2016, Thomson Reuters agreed to sell its intellectual property and science operation for $ 3.55 billion to private equity firms. In October 2016, Thomson Reuters announced expansions and relocations to Toronto . As part of cuts and restructuring, in November 2016, Thomson Reuters Corp. eliminated 2,000 jobs worldwide out of its estimated 50,000 employees. On 15 March 2020, Steve Hasker

1242-514: Is journalism 101. The fact that the blather was all inserted without attribution suggests it was added at the insistence of an editor." According to Ynetnews , Reuters was accused of bias against Israel in its coverage of the 2006 Israel–Lebanon conflict after the wire service used two doctored photos by a Lebanese freelance photographer, Adnan Hajj. In August 2006, Reuters announced it had severed all ties with Hajj and said his photographs would be removed from its database. In 2010, Reuters

1311-609: Is not aligned with the Thomson Reuters Trust Principles". An investigation by the Intercept , the Nation , and DeSmog found that Reuters is one of the leading media outlets that publishes advertising for the fossil fuel industry. Journalists who cover climate change for Reuters are concerned that conflicts of interest with the companies and industries that caused climate change and obstructed action will reduce

1380-609: Is one of the locations where a herald proclaims the new monarch's reign to the public. Richard Clough initially suggested building the exchange in 1562, and its original design was inspired by the Antwerp bourse , the world's first purpose-built bourse , with which Thomas Gresham, the representative of the English crown in Antwerp, was familiar, and on which the designs of the bourses of Amsterdam (1611) and Rotterdam would also be based. It

1449-523: The Encyclopædia Britannica : "the value of Reuters to newspapers lay not only in the financial news it provided but in its ability to be the first to report on stories of international importance." It was the first to report Abraham Lincoln 's assassination in Europe , for instance, in 1865. In 1865, Reuter incorporated his private business, under the name Reuter's Telegram Company Limited; Reuter

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1518-589: The Associated Press does use the term terrorist in reference to non-governmental organizations who carry out attacks on civilian populations. In 2004, Reuters asked CanWest Global Communications, a Canadian newspaper chain, to remove Reuters' bylines , as the chain had edited Reuters articles to insert the word terrorist . A spokesman for Reuters stated: "My goal is to protect my reporters and protect our editorial integrity." In July 2013, David Fogarty, former Reuters climate change correspondent in Asia, resigned after

1587-611: The Far East , followed by South America in 1874. Both expansions were made possible by advances in overland telegraphs and undersea cables. In 1878, Reuter retired as managing director, and was succeeded by his eldest son, Herbert de Reuter . In 1883, Reuter's began transmitting messages electrically to London newspapers. Reuter's son Herbert de Reuter continued as general manager until his death by suicide in 1915. The company returned to private ownership in 1916, when all shares were purchased by Roderick Jones and Mark Napier; they renamed

1656-774: The Newspaper Proprietors' Association , and co-ownership was expanded in 1947 to associations that represented daily newspapers in New Zealand and Australia . The new owners formed the Reuters Trust. The Reuters Trust Principles were put in place to maintain the company's independence. At that point, Reuters had become "one of the world's major news agencies, supplying both text and images to newspapers, other news agencies, and radio and television broadcasters." Also at that point, it directly or through national news agencies provided service "to most countries, reaching virtually all

1725-577: The Pulitzer Prize for National Reporting for their work on Elon Musk and misconduct at his businesses, including SpaceX , Tesla , and Neuralink , as well as the Pulitzer Prize for Breaking News Photography for coverage of the Israel–Hamas war . Reuters employs some 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters journalists use the Standards and Values as

1794-644: The UK Foreign Office released archive documents confirming that it had provided funding to Reuters during the 1960s and 1970s so that Reuters could expand its coverage in the Middle East. An agreement was made between the Information Research Department (IRD) and Reuters for the UK Treasury to provide £350,000 over four years to fund Reuters' expansion. The UK government had already been funding

1863-549: The 17th century. Stockbrokers were not allowed into the Royal Exchange because of their rude manners, hence they had to operate from other establishments in the vicinity, such as Jonathan's Coffee-House . Gresham's original building was destroyed in the Great Fire of London in 1666. Take a view of the Royal Exchange in London, a place more venerable than many courts of justice, where the representatives of all nations meet for

1932-553: The 1838 fire. The third Royal Exchange building, which still stands today, was designed by Sir William Tite and adheres to the original layout–consisting of a four-sided structure surrounding a central courtyard where merchants and tradesmen could do business. The internal works, designed by Edward I'Anson in 1837, made use of concrete —an early example of this modern construction method. It features pediment sculptures by Richard Westmacott (the younger) , and ornamental cast ironwork by Henry Grissell 's Regent's Canal Ironworks. It

2001-671: The Chinese government in response to the jailing of several Chinese journalists by the colonial British government of Hong Kong . He was released after being imprisoned for 27 months from 1967 to 1969 and was awarded an OBE by the British Government. After his release, he went on to become a best-selling historical novelist. In May 2016, the Ukrainian website Myrotvorets published the names and personal data of 4,508 journalists, including Reuters reporters, and other media staff from all over

2070-698: The Foreign Press Association Media Award and the Pulitzer Prize for International Reporting , and were named as part of the Time Person of the Year for 2018 along with other persecuted journalists. After 511 days in prison, Wa Lone and Kyaw Soe Oo were freed on 7 March 2019 after receiving a presidential pardon. In February 2023, a team of Reuters journalists won the Selden Ring Award for their investigation that exposed human-rights abuses by

2139-592: The Inter-Africa News Agency (IANA) in neighbouring Rhodesia (later Zimbabwe ), which was later taken over by the Zimbabwe Mass Media Trust. The non-governmental agency continued to function under the ownership of South African newspapers. SAPA was the major news supplier of foreign and domestic news to South Africa, providing all forms of media – newspapers, television, radio and web-based – with news, videos and photographs. Its newswire provided

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2208-595: The Latin American department of Reuters through a shell company; however, this method was discounted for the Middle East operation due to the accounting of the shell company looking suspicious, with the IRD stating that the company "already looks queer to anyone who might wish to investigate why such an inactive and unprofitable company continues to run." Instead, the BBC was used to fund the project by paying for enhanced subscriptions to

2277-513: The Nigerian military. In 1977, Rolling Stone and The New York Times said that according to information from CIA officials, Reuters cooperated with the CIA. In response to that, Reuters' then-managing director, Gerald Long, had asked for evidence of the charges, but none was provided, according to Reuters' then-managing editor for North America, Desmond Maberly. Reuters has a policy of taking

2346-539: The Royal Exchange contains restaurants and luxury shops. Traditionally, the steps of the Royal Exchange are the place where certain royal proclamations (such as the dissolution of parliament) are read out by either a herald or a crier . Following the death or abdication of a monarch and the confirmation of the next monarch's accession to the throne by the Accession Council , the Royal Exchange Building

2415-503: The Royal Exchange was in disrepair – in particular, the glass roof was in danger of collapse. The newly formed London International Financial Futures Exchange (LIFFE) was the main tenant, using the courtyard for the trading floor, all done without touching the framework of the original building. Liffe moved to Cannon Bridge in 1991. In 2001 the Royal Exchange (interiors and courtyard) was once again extensively remodelled, this time by architects Aukett Fitzroy Robinson . The works involved

2484-710: The anniversary of the Battle of Waterloo , in the presence of the King of Saxony . Between the Wellington statue and the exchange steps is the London Troops Memorial commemorating the dead of military units associated with the City and County of London during the First World War . Designed by Sir Aston Webb , the monument is flanked by two bronze statues of soldiers and surmounted by a lion, all sculpted by Alfred Drury . It

2553-781: The benefit of mankind. There the Jew, the Mahometan [Muslim], and the Christian transact together, as though they all professed the same religion, and give the name of infidel to none but bankrupts. There the Presbyterian confides in the Anabaptist, and the Churchman depends on the Quaker's word. A second complex was built on the site, designed by Edward Jarman and opened in 1669. It featured a tall wooden tower over

2622-498: The company "Reuters Limited", dropping the apostrophe. In 1919, a number of Reuters reports falsely described the anti-colonial March 1st Movement protests in Korea as violent Bolshevik uprisings. South Korean researchers found that a number of these reports were cited in a number of international newspapers and possibly negatively influenced international opinion on Korea. In 1923, Reuters began using radio to transmit news internationally,

2691-407: The constitution for the new agency was framed, and by April that year, it became a co-operative news agency under the control of every British and Afrikaans newspaper that wished to join. During the apartheid era , the agency was criticised by the ruling National Party for inadequate reporting of the government's viewpoint and Afrikaner culture. From 1964 to 1981, SAPA owned a subsidiary in

2760-1174: The credibility of their reporting on climate change and cause readers to downplay the climate crisis . 1 2 3 4 5 6 7 NBC News Wall Street Journal Politico MSNBC / CNBC / Telemundo Bloomberg Government Washington Examiner Boston Globe / Washington Blade Fox News CBS News Radio AP Radio / PBS VOA Time Yahoo News Daily Caller / EWTN CBS News Bloomberg News McClatchy NY Post / TheGrio Washington Times Salem Radio / CBN Cheddar News / Hearst TV AP NPR Foreign pool The Hill Regionals Newsmax Gray TV / Spectrum News ABC News Washington Post Agence France-Presse Fox Business / Fox News Radio CSM / Roll Call Al Jazeera Nexstar / Scripps News Reuters NY Times LA Times Univision / AURN RealClearPolitics Daily Beast / Dallas Morning News BBC / Newsweek CNN USA Today ABC News Radio Daily Mail National Journal HuffPost Financial Times / The Guardian Royal Exchange, London The Royal Exchange in London

2829-436: The current version of the text. This had the effect of confusing readers, and suggests that the former president was involved in corruption and the comment was attributed to him. Reuters later confirmed the error, and explained that the comment, originating from one of the local editors, was actually intended for the journalist who wrote the original text in English, and that it should not have been published. In November 2019,

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2898-554: The idea, tended to dominate the Ring Combination. Its influence was greatest because its reserved territories were larger or of greater news importance than most others. It also had more staff and stringers throughout the world and thus contributed more original news to the pool. British control of cable lines made London itself an unrivalled centre for world news, further enhanced by Britain's wide-ranging commercial, financial and imperial activities. In 1872, Reuter's expanded into

2967-603: The news media division of Thomson Reuters. Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848 . These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today

3036-639: The news organisation, for which the Treasury would reimburse the BBC at a later date. The IRD acknowledged that this agreement would not give them editorial control over Reuters, although the IRD believed it would give them political influence over Reuters' work, stating "this influence would flow, at the top level, from Reuters' willingness to consult and to listen to views expressed on the results of its work." On 1 June 2020, Reuters announced that Russian news agency TASS had joined its "Reuters Connect" programme, comprising

3105-651: The number so that a greater range of tunes could be played. Professor Taylor advised the committee to increase them to fifteen, which would then allow of playing in three octaves. The largest is also the hour bell, and bears the following inscription Cast for the Royal Exchange in the year of grace 1844; Richard Lambert Jones, Chairman of the Gresham College Committee; Daniel Watney, Master of the Mercers' Company; Ebenezer Trottman, Assistant; William Tite, Architect; Charles and George Mears, founders. The others only bear

3174-628: The report of the inaccurate reporting trickled out to the public, Reuters' senior director of communication Heather Carpenter contacted media outlets asking them to take down their posts. In March 2015, the Brazilian affiliate of Reuters released an excerpt from an interview with Brazilian ex-president Fernando Henrique Cardoso about Operation Car Wash ( Portuguese : Operação Lava Jato ). In 2014, several politicians from Brazil were found to be involved in corruption, by accepting bribes from different corporations in exchange for Government contracts. After

3243-415: The report, and the man whose image was wrongly used was invited and interrogated for nine hours by Indian police. Reuters admitted to the error, but Raphael Satter claimed that they had mistaken the man for the suspected hacker Sumit Gupta because both men share the same business address. A check by local media, however, showed that both men were in different buildings and not as claimed by Raphael Satter. As

3312-472: The restoration of the fabric of the building, a two floor office extension and replacement of the roof above the courtyard. In a lane by the eastern entrance to the Royal Exchange, stand two statues: one of Paul Julius Reuter who founded his news agency there, and one of George Peabody who founded the Peabody Trust and a business which became J.P. Morgan & Co. In 2013 a lease of Royal Exchange

3381-400: The scandal, the excerpt from Brazil's president Fernando Henrique's interview was released. One paragraph by a former Petrobras manager mentioned a comment, in which he suggested corruption in the company may date back to Cardoso's presidency. Attached, was a comment between parenthesis: " Podemos tirar se achar melhor " ("we can take it out if 'you' think better"), which was removed from

3450-495: The south entrance in Corn Hill; this eventually fell into disrepair and, in 1821, was replaced by a new stone tower and cupola designed by George Smith . The second Exchange was also burned down on 10 January 1838 in a fire caused by an overheated stove; the blaze was visible from Windsor , 24 miles (39 km) away. It had been used by the Lloyd's insurance market , which was forced to move temporarily to South Sea House following

3519-435: The thirteenth year of Queen Elizabeth, and restored in the eighth of Queen Victoria". Two statues stand in niches in the central courtyard. Charles II (a copy of 1792 by John Spiller after Grinling Gibbons ' statue in the centre of the 17th century courtyard) and Queen Elizabeth I by Musgrave Watson , 1844. The Charles II statue survived the fire of 1838 that destroyed the previous Exchange. The Elizabeth I statue

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3588-477: The time, no copies of board minutes chronicling Sapa's demise were released to sacked employees or any media archive for future use by historians. Three companies – Gallo Images, KMM Review Publishers, and Sekunjalo Investments Holdings – expressed an interest in setting up an operation on similar lines as the agency, which is a special category of non-profit that may not be sold. Reuters Reuters ( / ˈ r ɔɪ t ər z / ROY -terz )

3657-528: The versions of the pictures published by Reuters. Reuters said it is standard operating procedure to crop photos at the margins, and replaced the cropped images with the original ones after it was brought to the agency's attention. On 9 June 2020, three Reuters journalists (Jack Stubbs, Raphael Satter and Christopher Bing) incorrectly used the image of an Indian herbal medicine entrepreneur in an exclusive story titled "Obscure Indian cyber firm spied on politicians, investors worldwide". Indian local media picked up

3726-542: The words Royal Exchange, 1844 .” From 1892, twenty-four scenes from London's history were painted on the first-floor walls by artists including Sir Frederic Leighton , Sir Frank Brangwyn and Stanhope Forbes . The murals run as a sequence: With the outbreak of the Second World War , trading at the Royal Exchange virtually ended. At war's end, the building had survived the Blitz , albeit with some near misses. In 1982

3795-545: The words of the late Steve Schneider, this is like adding some nonsense from the Flat Earth Society to a report about the latest generation of telecommunication satellites. It is absurd." Romm opined: "We can't know for certain who insisted on cramming this absurd and non-germane 'climate sceptics nonsense' into the piece, but we have a strong clue. If it had been part of the reporter's original reporting, you would have expected direct quotes from actual sceptics, because that

3864-545: The world's leading newspapers and many thousands of smaller ones", according to Britannica . In 1961, Reuters scooped news of the erection of the Berlin Wall . Reuters was one of the first news agencies to transmit financial data over oceans via computers in the 1960s. In 1973, Reuters "began making computer-terminal displays of foreign-exchange rates available to clients." In 1981, Reuters began supporting electronic transactions on its computer network and afterwards developed

3933-482: The world, who were accredited by the self-proclaimed authorities in the separatist -controlled regions of eastern Ukraine . In 2018, two Reuters journalists were convicted in Myanmar of obtaining state secrets while investigating a massacre in a Rohingya village. The arrest and convictions were widely condemned as an attack on press freedom . The journalists, Wa Lone and Kyaw Soe Oo, received several awards, including

4002-428: Was Britain's first specialist commercial building , and Clough oversaw the importing of some of the materials from Antwerp: stone, slate, wainscot and glass, for which he paid thousands of pounds himself. The Royal Exchange was officially opened on 23 January 1571 by Queen Elizabeth I , who awarded the building its royal title and a licence to sell alcohol and valuable goods. Only the exchange of goods took place until

4071-484: Was a significant shift in global policy, such as the US introducing an emissions cap-and-trade system. Very soon after that conversation I was told my climate change role was abolished. Ingrassia, formerly Reuters' managing editor, previously worked for The Wall Street Journal and Dow Jones for 31 years. Reuters responded to Fogarty's piece by stating: "Reuters has a number of staff dedicated to covering this story, including

4140-689: Was acquired by Thomson Corporation in Canada in 2008, forming Thomson Reuters. In 2009, Thomson Reuters withdrew from the LSE and the NASDAQ, instead listing its shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter , died at age 96 on 25 January 2009. The parent company Thomson Reuters

4209-438: Was appointed managing director of the company. In 1870 the press agencies French Havas (founded in 1835), British Reuter's (founded in 1851) and German Wolff (founded in 1849) signed an agreement (known as the Ring Combination) that set 'reserved territories' for the three agencies. Each agency made its own separate contracts with national agencies or other subscribers within its territory. In practice, Reuters, who came up with

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4278-402: Was appointed president and CEO. In April 2021, Reuters announced that its website would go behind a paywall , following rivals who have done the same. In March 2024, Gannett , the largest newspaper publisher in the United States, signed an agreement with Reuters to use the wire service's global content after cancelling its contract with the Associated Press . In 2024, Reuters staff won

4347-415: Was commissioned as she was the monarch who had conferred the status "Royal" on the Exchange. In front of the portico of the Royal Exchange is a statue of Arthur Wellesley, 1st Duke of Wellington , the last work of Sir Francis Leggatt Chantrey . The bronze used to cast it was donated by the government and sourced from French cannons captured during the Napoleonic Wars . It was unveiled on 18 June 1844,

4416-401: Was criticised again by Haaretz for "anti-Israeli" bias when it cropped the edges of photos, removing commandos' knives held by activists and a naval commando's blood from photographs taken aboard the Mavi Marmara during the Gaza flotilla raid , a raid that left nine Turkish activists dead. It has been alleged that in two separate photographs, knives held by the activists were cropped out of

4485-459: Was founded in the 16th century by the merchant Sir Thomas Gresham on the suggestion of his factor Richard Clough to act as a centre of commerce for the City of London . The site was provided by the City of London Corporation and the Worshipful Company of Mercers , who still jointly own the freehold. The original foundation was ceremonially opened by Queen Elizabeth I who granted it its "royal" title. The current neoclassical building has

4554-466: Was in South Africa, although it did have clients abroad as well as exchange agreements with other major news agencies. SAPA ceased operations on March 31, 2015 after its assets were liquidated. Its assets comprised one oversized boardroom table which was thrust into staffers' recreation room after the boardroom lease was surrendered during the agency's steady decline. Under the stewardship of Naspers employee Minette Ferreira, who acted as Sapa chairperson at

4623-421: Was opened by Queen Victoria on 28 October 1844, though trading did not commence until 1 January 1845. Paul Julius Reuter established the Reuters news agency at No. 1, Royal Exchange Buildings (opposite and to the east of the Royal Exchange) in 1851. It later moved to Fleet Street . The western end of the building consists of a portico of eight Corinthian columns topped by a pediment containing

4692-445: Was rescued from the 1838 fire and is 11 feet (3.4 m) long. It stands 177 feet (54 m) above street level on a clock tower which has a clock by Edward John Dent . A similar grasshopper weathervane on the Faneuil Hall in Boston , Massachusetts was made by Shem Drowne in 1742 and was inspired by the London example. The tower contains a chime of 15 bells all cast by Charles and George Mears of Whitechapel in 1844, with

4761-427: Was unveiled on 12 November 1920 in the presence of the Duke of York , later King George VI . The golden Gresham Grasshopper is the Royal Exchange's weathervane and was the crest of the founder, Sir Thomas Gresham . According to legend, a grasshopper's chirps once led to the discovery of a foundling, who became the first of the house of Gresham and the ancestor of Sir Thomas Gresham. The Grasshopper weathervane

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