Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Thomson Reuters sales rise 9%, raises outlook

Thomson Reuters sales rise 9%, raises outlook
FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File Photo -
Copyright
Andrew Kelly(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – Thomson Reuters Corp <TRI.TO> <TRI.N> on Thursday reported a 9% rise in quarterly sales compared to the same period a year ago, while also raising its forecasts for the next two years.

The news and information provider and parent of Reuters News reported second-quarter revenue of $1.42 billion (£1.17 billion), up from $1.31 billion a year ago as Thomson Reuters gained from payments it received from Refinitiv for its news service.

Thomson Reuters also said in a statement that it and private equity funds affiliated with Blackstone <BX.N> had agreed to sell Refinitiv to the London Stock Exchange <LSE.L> in an all share deal with an enterprise value of around $27 billion.

(Reporting by Pushkala Aripaka and Patrick Graham; Editing by Alexander Smith)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.