FILE PHOTO: Chairman David Thomson speaks beside CEO Jim Smith during the Thomson Reuters Corp. annual general meeting for shareholders in Toronto, Ontario, Canada, May 3, 2017. TORONTO (Reuters) - Thomson Reuters reported better-than-expected earnings on Tuesday, helping push its shares to a record high, and said it is continuing to look for acquisitions to bolster its Legal and Tax & Accounting units, where demand is up in part because of U.S. tax reforms. Thomson Reuters reported fourth-quarter revenue of $1.52 billion, compared with $1.41 billion a year ago. Thomson Reuters sold a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP last October in a deal that valued the unit, now a standalone business called Refinitiv, at about $20 billion.
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Saturday, March 09
Date: 09 Mar 19 Time: 18:36
Tuesday, February 26
Thursday, January 17
Date: 17 Jan 19 Time: 21:38
Toronto Dominion Bank Has Cut Its Stake in Thomson Reuters Corp (TRI) as Market Valuation Rose
Wellington Shields Cap Mngmt Limited Liability Company has 0.04% invested in Thomson Reuters Corporation (NYSE:TRI) for 5,500 shares. Toronto Dominion Bank, which manages about $54.71B US Long portfolio, upped its stake in Nielsen Holdings Plc by 1.05M shares to 3.56 million shares, valued at $98.52 million in 2018Q3, according to the filing. It also increased its holding in Anthem Inc (NYSE:ANTM) by 36,334 shares in the quarter, for a total of 206,442 shares, and has risen its stake in Transalta Corp (NYSE:TAC). More recent Thomson Reuters Corporation (NYSE:TRI) news were published by: Tri-Cityherald.com which released: “Forever 21 is coming to Columbia Center mall – Tri-City Herald” on January 16, 2019.
Date: 17 Jan 19 Time: 17:50
Ponder Recognized as Top Financial Advisory firm by Thomson Reuters
Ponder Recognized as Top Financial Advisory firm by Thomson Reuters. NASHVILLE, Tenn., Jan. 17, 2019 /PRNewswire/ -- Ponder & Co., a leading healthcare financial advisory firm, announced today that the company was ranked as the No. "With tax law changes, rapidly increasing short term rates, and revenue pressure across the industry, we are proud that hospitals and health systems turned to Ponder to help meet their capital needs. While we have advised many of our clients for years, others were new to the firm in 2018 as they looked for a fresh perspective in uncertain times. Our unparalleled experience and market focus allowed us to guide all to successful transactions and ensured them a strong foundation as they face continuing market pressure." Ponder served as advisor on 5 of the 10 largest transactions of the year, but at the same time, worked on 101 separate transactions (more than any other firm) with market share of over 50%. As Larry Gosnell, SVP and Treasurer at Prisma Health, noted: "Ponder was selected as our financial advisor in 2017 and was integral in developing and implementing our 2018 plan of finance, which helped us bring together our two separate capital structures and merge two organizations into one.
Friday, January 11
Date: 11 Jan 19 Time: 15:10
Thomson Reuters Corp (TSP:TRI) social chatter is higher than usual
Wednesday, December 12
Date: 12 Dec 18 Time: 06:41
Thomson Reuters Corporation (TRI) Hedge Funds Are Snapping Up
Insider MonkeyDecember 12, 2018, 6:41 AM GMT. How do we determine whether Thomson Reuters Corporation (NYSE:TRI) makes for a good investment at the moment? Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the market by 18 percentage points since May 2014 through December 3, 2018 (see the details here). On the other hand, there were a total of 13 hedge funds with a bullish position in TRI at the beginning of this year. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Thursday, December 06
Date: 06 Dec 18 Time: 20:37
Breakingviews - Mike Bloomberg can learn from Thomson Reuters
Lucky for him, money is plentiful for a buyout that could be valued at $40 billion. And there’s a recent deal that could provide a blueprint: the sale of Refinitiv to Blackstone by Breakingviews parent Thomson Reuters. At a 40 percent EBITDA margin, which is what the business generates according to sources cited by Recode, and at a valuation of 10 times that profit figure – just under what Refinitiv secured – it would be worth $40 billion. Continuing to follow the Refinitiv model, where three-quarters of the deal was funded by leverage and the original owner retained a 45 percent stake in the business, a buyer of a 55 percent stake would need to write an equity check of around $5.5 billion and help find roughly $30 billion in debt. Offering to sell the business may not gain Mike Bloomberg much credit with Iowan Democrats. And his company has made no statement on the matter. But selling control to outsiders would make a contrast with Donald Trump, who put his businesses in the hands of his children when he became president – and would give Bloomberg even more cash to fuel his political ambitions.
Date: 06 Dec 18 Time: 14:53
Thomson Reuters to cut 3,200 jobs in next two years
The news and information provider, which completed the sale of a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP <BX.N>, announced the cuts during an investor day in Toronto, in which it outlined its future strategy and growth plans. The company, which is focusing on its legal and tax businesses following the Blackstone deal, declined to say where the job cuts were being made. However, Co-Chief Operating Officer Neil Masterson told investors that staff had already been informed about 90 percent of the planned cuts. "We're going to simplify the company in every way that we can, working on sales effectiveness and on ways to make it easier both for our customers to do business with us and for our frontline troops to navigate inside the organization," he said. As part of the streamlining, the company said it planned to reduce the number of offices around the world by 30 percent to 133 locations by 2020. Following the Blackstone deal, about 43 percent of Thomson Reuters revenues come from its legal business, with 23 percent of sales coming from corporate clients and 15 percent of sales coming from its tax business.
Tuesday, December 04
Date: 04 Dec 18 Time: 16:42
Thomson Reuters to cut global workforce by 12%, slash 3,200 jobs
TORONTO — Thomson Reuters Corp. says it is cutting 12 per cent of its global workforce, or 3,200 full-time jobs, by 2020. Executives at Thomson Reuters says the move is part of a larger plan to further reduce the company’s expenses over the next two years. Dave Moran, a spokesman for Thomson Reuters, says the impact of the job cuts in Canada will be “minimal” but was unable to provide any other specifics. In October, Thomson Reuters completed the sale of a 55 per cent majority stake in its Financial & Risk business to a group led by the Blackstone private equity firm and the Canada Pension Plan Investment Board.
Story Sourcesbusiness.financialpost.com toronto.ctvnews.ca theguardian.pe.ca thetelegram.com princegeorgecitizen.com
Date: 04 Dec 18 Time: 16:31
[$$] Thomson Reuters Plans to Slash 3,200 Jobs in Next Two Years
Corp. plans to shed 3,200 jobs over the next two years as part of a pivot toward providing software services over producing content. Thomson Reuters, which provides tools for corporate, legal and tax professionals and operates Reuters News, said Tuesday it would reduce its global staff by about 12% from current levels and its global office footprint by 30% by 2020.
Story Sourcesuk.finance.yahoo.com finance.yahoo.com in.reuters.com pehub.com dailystar.com.lb firstpost.com nbcnews.com
Key Stats & Ratios
|Quaterly Earnings Growth||490.60%|
|Quaterly Revenue Growth||7.40%|
|Revenue per share||8.24|