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Thomson Reuters Corporation (TRI)

  • Wed, Mar. 25, 2:39 PM
    • Global spending for financial market data and news reports increased 4.1% last year to accelerate from the pace seen over the previous few years.
    • Privately-held Bloomberg L.P. gained market share over rival Thomson Reuters (TRI -1%) in the category amid an increasing pace of changes in its editorial department.
    • Thomson Reuters reported revenue from Reuters News fell 1% in 2014, but didn't break down results for financial news operations.
    • 2014 financial data/news market share: Bloomberg +28 bps to 31.99%, Thomson Reuters -105 bps to 25.88%.
    | Comment!
  • Fri, Mar. 20, 7:51 AM
    • Reuters (NYSE:TRI) news service is now unavailable in China to join a growing list of websites which are apparently being blocked by the government's Internet regulator.
    • News websites for Bloomberg News, the New York Times (NYSE:NYT), and the Wall Street Journal (NASDAQ:NWS) have been inaccessible due to what media watchers think is intervention from Beijing.
  • Wed, Feb. 11, 10:14 AM
    • Thomson Reuters (NYSE:TRI) is off 3.2% after revenues declined and missed expectations, and underlying operating profit and EBITDA were flat when excluding extraordinary charges.
    • Adjusted EBITDA of $794M (flat when excluding charges) missed an expected $842.1M. Free cash flow was up 205% to $570M.
    • Segment revenues: Financial & Risk, $1.597B (-1% excluding currency effects); Legal, $872M (+2%); Tax & Accounting (+10%); IP and Science, $269M (-1%); Corporate & Other, including Reuters News, $79M (flat).
    • The company's raised its dividend an annualized $0.02 to $1.34/year; a quarterly dividend of $0.335 is payable March 16 to shareholders of record Feb. 23.
    • TRI expects "positive organic revenue growth" in 2015 along with an adjusted EBITDA margin between 27.5% and 28.5%, with underlying operating profit margin between 18.5% and 19.5%. The firm expects free cash flow for the year in a range of $1.55B-1.75B.
    • Press release
    | 1 Comment
  • Wed, Feb. 11, 7:05 AM
    • Thomson Reuters (NYSE:TRI): Q4 EPS of $0.53 beats by $0.06.
    • Revenue of $3.21B (-2.4% Y/Y) misses by $60M.
    • Press Release
    | Comment!
  • Tue, Feb. 10, 5:30 PM
  • Wed, Feb. 4, 3:16 PM
    • Reuters (TRI +1.1%) has made a new move onto iPhones with Reuters TV, its mobile TV news service.
    • The offering is made of two parts: Reuters Now, an "algorithmically assembled but editorially curated" news program; and Live Feeds, with real-time unfiltered coverage of global events.
    • The company intends news coverage to focus on stories from capitals, money centers and conflict zones. It says programming is assembled on the device itself.
    • The app is a subscription play -- while free for 30 days, monthly cost will be $1.99 or £1.49 each month after that.
    • Reuters News revenues were down 3% in Q3, to $79M. The company will release Q4 results Feb. 11.
    | Comment!
  • Dec. 5, 2014, 10:32 AM
    • Staffing stocks are higher after the U.S. economy adds 321K jobs in November.
    • Gainers: Kelly Services (NASDAQ:KELYA) +4.4%, On Assignment (NYSE:ASGN) +1.6%, Robert Half International (NYSE:RHI) +1.3%, ManpowerGroup (NYSE:MAN) +2.1%, Barrett Business Services (NASDAQ:BBSI) +2.8%, TriNet Group Z(NYSE:TRI) +1.7%, Korn/Ferry International (NYSE:KFY) +1.3%, Hudson Global (NASDAQ:HSON) +1.4%.
    | Comment!
  • Oct. 30, 2014, 7:05 AM
    • Thomson Reuters (NYSE:TRI): Q3 EPS of $0.45 in-line.
    • Revenue of $3.1B (+1.0% Y/Y) in-line.
    • Press Release
    | Comment!
  • Sep. 15, 2014, 8:51 AM
    • TRC Capital has made an unsolicited mini-tender offer to buy up to 2.5M shares - about 0.31% of the float - of Thomson Reuters (NYSE:TRI) for C$39.75 each. Thomson Reuters says it doesn't endorse the offer and recommends shareholders reject it, noting - among other things - it represents a discount of more than 4% (both in Toronto and the States) to Friday's closing price.
    • Source: Press Release
    | Comment!
  • Sep. 5, 2014, 12:04 PM
    • CME Group and Thomson Reutoers (NYSE:TRI) recently won the rights to handle the silver fix and appear ready to be tapped to do the same for gold. The four banks currently in charge of the gold fix together with the London Bullion Market Association yesterday called for interested firms to submit proposals to replace the current telephone-based system, and the winning bid will be announced in October.
    • Most in the business believe CME/Thomson Reuters to be the clear favorites, partly due to their winning the silver business. As the sliver process could be scaled to gold, one close to the process wonders whether any other companies will even bother trying to beat out the duo.
    | 1 Comment
  • Jul. 30, 2014, 7:09 AM
    • Thomson Reuters (NYSE:TRI): Q2 EPS of $0.51 beats by $0.04.
    • Revenue of $3.16B (flat Y/Y) beats by $30M.
    • Press Release
    | Comment!
  • Jul. 23, 2014, 7:46 AM
    • BGC Partners' (NASDAQ:BGCP) OTC pricing data is now available to customers of Thomson Reuters (NYSE:TRI) Eikon, its flagship financial markets desktop, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, as well as BGC's trading system.
    • Source: Press Release
    | Comment!
  • Jul. 11, 2014, 8:29 AM
    • CME Group and Thomson Reuters (TRI) have won the battle to operate the London silver fix when the current system is disbanded next month, says the London Bullion Market Association.
    • CME's role will be to provide a price platform and methodology, while Thomson Reuters will be charged with administration and governance.
    • The silver fix is currently set each day at noon by three banks (Deutsche, HSBC, and Scotiabank) via conference call, but there's been just a bit of scrutiny of late about possible benchmark manipulation in a number of other markets.
    • Silver's overhaul is likely just the beginning, with the gold, platinum, and palladium fixes next on tap for reform.
    | Comment!
  • Jun. 26, 2014, 3:22 PM
    • The move comes as bank revenue from trading of fixed-income products has fallen sharply amid low volatility, new regulations, and competition from non-bank trading platforms. The new platform is set to launch next month with at least 10 lenders having signed up, partnering with Tradeweb, a trading hub owned by Thomson Reuters (TRI) and a group of banks.
    • Also at work are the complaints of large corporate bond investors about a lack of liquidity in the markets as banks pull back from trading. The new setup in theory will make it easier for these investors to trade, though some are skeptical about changing a system that for so long has been about relationships.
    • "We are making a huge push into the US investment grade corporate bond market,” Tradeweb CEO Lee Olesky tells the FT. “We have listened to asset managers and have gathered the support of major liquidity providers.”
    | Comment!
  • Apr. 30, 2014, 7:11 AM
    • Thomson Reuters (TRI): Q1 EPS of $0.46 beats by $0.08.
    • Revenue of $3.13B (-1.6% Y/Y) beats by $30M.
    • Press Release
    | Comment!
  • Apr. 29, 2014, 5:30 PM
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Company Description
Thomson Reuters Corp provides information for businesses and professionals. The company allows market participants to connect, access content, and trade in a secure environment.