London - Global business information group Thomson Reuters Tuesday announced plans to end its London stock market listing in an effort to simplify company structures.

The firm said it was looking to unify its dual structure, created when its Canadian and British parent companies merged in 2007.

Thomson Reuters will remain on the New York and Toronto stock exchanges under the scheme, which will be put to shareholders at meetings in August.

Thomson Reuters chief executive Tom Glocer said the dual structure was designed to retain Reuters investors when the firms merged. But British shareholders now only made up 5 per cent of the total.

He stressed the firm's commitment to its London base, which employs more than 5,000 people.

The company was founded by German-born Paul Julius Reuter in London in 1851.

"Our commitment to customers, employees and other stakeholders in London, the United Kingdom and Europe is unchanged by where we list our shares," said Glocer.

The plans would not affect its businesses, financial position or the company's 50,000 employees. (dpa)