UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1734

(Amendment No. 4)

Reuters Group plc
(Name of Issuer)

Common Stock
(Title of Class of Securities)

G7540P109
(CUSIP Number)

Allison Bennington, Esq.
ValueAct Capital
435 Pacific Avenue, Fourth Floor
San Francisco, CA 94133
(415) 362-3700
(Name, address and telephone number of Person
Authorized to Receive Notices and Communications)

Christopher G. Karras, Esq.
Dechert LLP
Cira Centre
2929 Arch Street
Philadelphia, PA 19104-2808
(215) 994-4000

March 11, 2008
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

This information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1734 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 2 of 17
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Capital Master Fund, L.P.
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)*

 WC*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 British Virgin Islands
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 48,243,934**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 48,243,934**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 48,243,934**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 3.9%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 PN
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 3 of 17
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Capital Master Fund III, L.P.
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)*

 WC*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 British Virgin Islands
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 10,363,226**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 10,363,226**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 10,363,226**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 Less than 1%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 PN
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 4 of 17
----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 VA Partners I, LLC
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 48,243,934**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 48,243,934**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 48,243,934**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 3.9%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 00 (LLC)
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 5 of 17
----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 VA Partners III, LLC
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 10,363,226**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 10,363,226**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 10,363,226**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 Less than 1%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 00 (LLC)
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 6 of 17
----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Capital Management, L.P.
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 58,607,160**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 58,607,160**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 58,607,160**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 4.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 PN
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. G7540P109 Page 7 of 17
----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Capital Management, LLC
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 58,607,160**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 58,607,160**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 58,607,160**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 4.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 00 (LLC)
-----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. 55269P302 Page 8 of 17
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Holdings, L.P.
---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

---------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 58,607,160**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 58,607,160**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 58,607,160**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 4.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 PN
-----------------------------------------------------------------------------
*See Item 3
**See Items 2 and 5


SCHEDULE 13D

-------------------------- -------------------------
CUSIP NO. 55269P302 Page 9 of 17
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
 PERSON (entities only)

 ValueAct Holdings GP, LLC
---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
3. SEC USE ONLY

-----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

 00*
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------------
 7. SOLE VOTING POWER
 0
 NUMBER OF ----------------------------------------------------------
 SHARES 8. SHARED VOTING POWER
 BENEFICIALLY 58,607,160**
 OWNED BY EACH ----------------------------------------------------------
 PERSON WITH 9. SOLE DISPOSITIVE POWER
 0
 ----------------------------------------------------------
 10. SHARED DISPOSITIVE POWER
 58,607,160**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 58,607,160**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 4.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

 00 (LLC)
-----------------------------------------------------------------------------
*See Item 3
**See Items 2 and 5


-------------------------- -------------------------
CUSIP NO. G7540P109 Page 10 of 17
-----------------------------------------------------------------------------
THE PURPOSE OF THIS AMENDMENT NO. 4 TO SCHEDULE 13D IS TO AMEND THE
OWNERSHIP REPORTS OF THE REPORTING PERSONS. THE INFORMATION BELOW
SUPPLEMENTS THE INFORMATION PREVIOUSLY PROVIDED.

Item 1. Security and Issuer

 This Schedule 13D relates to the Common Stock (the "Common Stock"), of
Reuters Group PLC (the "Issuer"). The address of the principal executive
Offices of the Issuer is 85 Fleet Street, 7th Floor, London, XO EC4P 4AJ,
United Kingdom.

Item 2. Identity and Background

 This statement is filed jointly by (a) ValueAct Capital Master Fund,
L.P. ("ValueAct Master Fund"), (b) ValueAct Capital Master Fund III, L.P.
("ValueAct Master Fund III"), (c) VA Partners I, LLC ("VA Partners I"), (d)
VA Partners III, LLC ("VA Partners III"), (e) ValueAct Capital Management,
L.P. ("ValueAct Management L.P."), (f) ValueAct Capital Management, LLC
("ValueAct Management LLC"), (g) ValueAct Holdings, L.P. ("ValueAct
Holdings") and (h) ValueAct Holdings GP, LLC ("ValueAct Holdings GP")
(collectively, the "Reporting Persons").

 ValueAct Master Fund and ValueAct Master Fund III are limited
partnerships organized under the laws of the British Virgin Islands. Each
has a principal business address of 435 Pacific Avenue, Fourth Floor, San
Francisco, CA 94133.

 VA Partners I is a Delaware limited liability company, the principal
business of which is to serve as the General Partner to ValueAct Master Fund.
VA Partners III is a Delaware limited partnership, the principal business of
which is to serve as the General Partner to ValueAct Master Fund III. Each
has a principal business address of 435 Pacific Avenue, Fourth Floor, San
Francisco, CA 94133.

 ValueAct Management L.P. is a Delaware limited partnership which
renders management services to ValueAct Master Fund and ValueAct Master Fund
III. ValueAct Management LLC is a Delaware limited liability company, the
principal business of which is to serve as the General Partner to ValueAct
Management L.P. Each has a principal business address of 435 Pacific Avenue,
Fourth Floor, San Francisco, CA 94133.

 ValueAct Holdings is a Delaware limited partnership and is the sole
owner of the limited partnership interests of ValueAct Management L.P. and
the membership interests of ValueAct Management LLC and is the majority owner
of the membership interests of VA Partners I and VA Partners III. ValueAct
Holdings GP is a Delaware limited liability company, the principal business
of which is to serve as the General Partner to ValueAct Holdings. Each has a
principal business address of 435 Pacific Avenue, Fourth Floor, San
Francisco, CA 94133.

 (d) and (e). None of the entities or persons identified in this Item 2
has during the past five years been convicted of any criminal proceeding
(excluding traffic violations or similar misdemeanors), nor been a party to a
civil proceeding of a judicial or administrative body of competent judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding


-------------------------- -------------------------
CUSIP NO. G7540P109 Page 11 of 17
-----------------------------------------------------------------------------

any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration

 Not applicable in that the transaction involved the sale of, and not
the acquisition of, securities.

Item 5. Interest in Securities of the Issuer

 (a) and (b). Set forth below is the beneficial ownership of shares of
Common Stock of the Issuer for each person named in Item 2. Shares reported
as beneficially owned by ValueAct Master Fund and ValueAct Master Fund III
are also reported as beneficially owned by (i) ValueAct Management L.P. as
the manager of each such investment partnership, (ii) ValueAct Management
LLC, as General Partner of ValueAct Management L.P., (iii) ValueAct Holdings,
as the sole owner of the limited partnership interests of ValueAct Management
L.P. and the membership interests of ValueAct Management LLC and as the
majority owner of the membership interests of VA Partners I and VA Partners
III and (iv) ValueAct Holdings GP, as General Partner of ValueAct Holdings.
Shares reported as beneficially owned by ValueAct Master Fund are also
reported as beneficially owned by VA Partners I, as General Partner of
ValueAct Master Fund. Shares reported as beneficially owned by ValueAct
Master Fund III are also reported as beneficially owned by VA Partners III,
as General Partner of ValueAct Master Fund III. VA Partners I, VA Partners
III, ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings and
ValueAct Holdings GP also, directly or indirectly, may own interests in one
or more than one of the partnerships from time to time. Unless otherwise
indicated below, by reason of such relationships each of the ValueAct Master
Fund and ValueAct Master Fund III is reported as having shared power to vote
or to direct the vote, and shared power to dispose or direct the disposition
of, such shares of Common Stock, with VA Partners I (only with respect to
ValueAct Master Fund), VA Partners III (only with respect to ValueAct Master
Fund III), ValueAct Management L.P., ValueAct Management LLC, ValueAct
Holdings and ValueAct Holdings GP.

 As of the date hereof, ValueAct Master Fund is the beneficial owner
of 48,243,934 shares of Common Stock, representing approximately 3.9% of the
Issuer's outstanding Common Stock (which shares may also be deemed to be
beneficially owned by VA Partners I). As of the date hereof, ValueAct Master
Fund III is the beneficial owner of 10,363,226 shares of Common Stock,
representing approximately less than 1% of the Issuer's outstanding Common
Stock (which shares may also be deemed to be beneficially owned by VA
Partners III).

 ValueAct Management L.P., ValueAct Management LLC, ValueAct Holdings
and ValueAct Holdings GP may each be deemed the beneficial owner of an
aggregate of 58,607,160 shares of Common Stock, representing approximately
4.7% of the Issuer's outstanding Common Stock.

 All percentages set forth in this Schedule 13D are based upon the
Issuer's reported 1,238,407,700 outstanding shares of Common Stock as of
February 29, 2008.


-------------------------- -------------------------
CUSIP NO. 55269P302 Page 12 of 17
-----------------------------------------------------------------------------

 (c) During the sixty (60) days preceding the date of this report, the
Reporting Persons sold the following shares of Common Stock in the open
market:


Reporting Person Trade Date Shares Price/Share
---------------- ---------- --------- -----------
ValueAct Master Fund 02/26/2008 2,460,000 $12.09
 02/27/2008 2,460,000 $12.15
 02/28/2008 610,900 $12.04
 02/29/2008 1,289,068 $11.93
 03/06/2008 2,460,000 $11.92
 03/07/2008 4,100,000 $11.90
 03/10/2008 2,460,000 $12.11
 03/11/2008 4,100,000 $12.09
 03/14/2008 2,010,573 $12.26



Reporting Person Trade Date Shares Price/Share
---------------- ---------- --------- -----------

ValueAct Master Fund III 02/26/2008 540,000 $12.09
 02/27/2008 540,000 $12.15
 02/28/2008 134,100 $12.04
 02/29/2008 282,966 $11.93
 03/06/2008 540,000 $11.92
 03/07/2008 900,000 $11.90
 03/10/2008 540,000 $12.11
 03/11/2008 900,000 $12.09
 03/14/2008 441,345 $12.26



 (d) and (e) Not applicable.


-------------------------- -------------------------
CUSIP NO. G7540P109 Page 13 of 17
-----------------------------------------------------------------------------

Item 6. Contracts, Arrangements, Understandings or Relationships with
 Respect to Securities of the Issuer

 Other than as described elsewhere in this Report and as previously
reported, the Reporting Persons have no understandings, arrangements,
relationships or contracts relating to the Issuer's Common Stock which are
required to be described hereunder.

Item 7. Material to Be Filed as Exhibits

(1) Joint Filing Agreement.


-------------------------- -------------------------
CUSIP NO. G7540P109 Page 14 of 17
-----------------------------------------------------------------------------
 SIGNATURE
 After reasonable inquiry and to the best of his knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.

 POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears
below on this Schedule 13D hereby constitutes and appoints Jeffrey W. Ubben,
George F. Hamel, Jr., G. Mason Morfit and Allison Bennington, and each of
them, with full power to act without the other, his or its true and lawful
attorney-in-fact and agent, with full power of substitution and
resubstitution, for him or it and in his or its name, place and stead, in any
and all capacities (until revoked in writing) to sign any and all amendments
to this Schedule 13D, and to file the same, with all exhibits thereto and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every act and thing
requisite and necessary fully to all intents and purposes as he or it might
or could do in person, thereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.

 ValueAct Capital Master Fund L.P., by
 VA Partners I, LLC, its General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer

 ValueAct Capital Master Fund III L.P., by
 VA Partners III, LLC, its General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer

 VA Partners I, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 VA Partners III, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


-------------------------- -------------------------
CUSIP NO. 55269P302 Page 15 of 17
-----------------------------------------------------------------------------

 ValueAct Capital Management, L.P., by
 ValueAct Capital Management, LLC its
 General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Capital Management, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Holdings, L.P., by
 ValueAct Holdings GP, LLC, its
 General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Holdings GP, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


-------------------------- -------------------------
CUSIP NO. 55269P302 Page 16 of 17
-----------------------------------------------------------------------------
 Exhibit 1

 JOINT FILING UNDERTAKING

The undersigned parties hereby agree that the Schedule 13D filed herewith
(and any amendments thereto) relating to the Common Stock of Reuters Group
plc is being filed jointly on behalf of each of them with the Securities and
Exchange Commission pursuant to Section 13(d) of the Securities Exchange Act
of 1734, as amended.

 ValueAct Capital Master Fund L.P., by
 VA Partners I, LLC, its General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer

 ValueAct Capital Master Fund III L.P., by
 VA Partners III, LLC, its General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer

 VA Partners I, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 VA Partners III, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Capital Management, L.P., by
 ValueAct Capital Management, LLC its
 General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Capital Management, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


-------------------------- -------------------------
CUSIP NO. 55269P302 Page 17 of 17
-----------------------------------------------------------------------------

 ValueAct Holdings, L.P., by
 ValueAct Holdings GP, LLC, its
 General Partner

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer


 ValueAct Holdings GP, LLC

 By: /s/ George F. Hamel, Jr.
 --------------------------------------
Dated: March 18, 2008 George F. Hamel, Jr., Chief Operating Officer

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