The revamp is understood to be an attempt to make it look different from the rival news site Bloomberg. It will be similar to what the US website of the news agency underwent in December last year.
According to Tim Faircliff, general manager of Reuters' UK digital business, the site will sport a cleaner and more forceful look. He said the revamp of the US website got a positive response from advertisers and the company hopes the UK redesign will deliver similar results.
Faircliff indicated that the Reuters website may start charging for niche, high-value content, although the general news will remain free.