Reuters, the news and information group that is selling its headquarters in London's Fleet Street, has now put Yankee Group and TowerGroup, its research subsidiaries, on the block as part of a restructuring plan to save £440m (€634.65m).

Reuters bought 84% of TowerGroup, which publishes research on the financial services industry, in 1999 for $15m (€13.1m). It bought the Yankee Group, a technology research and analysis firm, from Primark for $72.5m in 2000. The acquisitions were an important step in Reuters' strategy to create a broad range of high value independent research for clients and a global research and advisory business.