Simplify the following text for a Grade 8 native English-speaking person.
Original: Reuters Group Limited ( informally Reuters , ) is a global news agency headquartered in London , United Kingdom owned by Thomson Reuters . Until its acquisition by The Thomson Corporation in 2008 , the Reuters news agency formed part of an independent company , Reuters Group PLC , which was also a provider of financial market data , with news reporting comprising less than 10 % of the company 's income .
Simplified: Reuters Group plc is a British News agency and Financial company .