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Thomson Reuters Corp (TRI.N)

TRI.N on New York Stock Exchange

67.55USD
3:28pm EDT
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Latest Key Developments (Source: Significant Developments)

LSEG CEO Says No Plans For Divestments After $27 Bln Refinitiv Deal
Thursday, 1 Aug 2019 03:22am EDT 

Aug 1 (Reuters) - London Stock Exchange Group Plc : :LSEG CFO DAVID WARREN SAYS "HIGHLY CONFIDENT" OF DELIVERING SAVINGS BY USING REFINITIV PLATFORMS.LSEG CFO DAVID WARREN SAYS CONSOLIDATION OF PROPERTY FOOTPRINT WILL CONTINUE AFTER REFINITIV DEAL.LSEG CEO SAYS LSE AND REFINITIV BUSINESSES MORE COMPLIMENTARY THAN OVERLAPPING, WILL TALK TO REGULATORS GLOBALLY.LSEG CEO SAYS WILL WORK THROUGH VARIOUS REGULATORY ISSUES AS THEY COME UP.LSEG CFO SAYS LOT OF OVERLAP BETWEEN LSEG AND REFINITIV IN PROPERTY, TECHNOLOGY AND CORPORATE SERVICES.LSEG CEO SAYS THERE WILL BE EMPLOYEE RELATED EFFICIENCES, TOO EARLY TO COMMENT ON NUMBER, LOCATIONS.LSEG CEO SAYS NO PLANS OR INTENTIONS AROUND DIVESTMENTS.LSEG CEO SAYS STRATEGY HAS BEEN TO BECOME A MORE GLOBAL BUSINESS, REFINITIV DEAL INCREASES EXPOSURE TO NORTH AMERICA.LSEG CEO SAYS VERY EXCITED ABOUT THE GLOBAL FOOTPRINT THAT WILL COME OUT OF REFINITIV DEAL; THAT IS THE DRIVER, THIS IS NOT ABOUT BREXIT.LSEG CEO SAYS CO FEELS VERY GOOD ABOUT THE VALUATION OF REFINITIV TRANSACTION.LSEG CEO SAYS WON'T COMMENT ON SPECIFIC INTERACTION WITH UK GOVERNMENT ON REFINITIV DEAL.LSEG CEO SAYS CO HAS BEEN VERY CAREFUL IN KEEPING REGULATORS INFORMED.LSEG CEO SAYS CO PREPARED FOR WHATEVER MAY COME FROM VARIOUS BREXIT SCENARIOS.LSEG CEO SAYS CONCERNS AROUND MARKET DATA PRICING IS LARGELY A U.S. ISSUE.LSEG CEO SAYS CO WILL CONTINUE WITH OPEN ACCESS POLICY TO CUSTOMERS AFTER REFINITIV DEAL.  Full Article

Thomson Reuters Reports Quarterly Adjusted Earnings Of $0.29 Per Share
Thursday, 1 Aug 2019 02:15am EDT 

Aug 1 (Reuters) - Thomson Reuters Corp ::QUARTERLY ADJUSTED EARNINGS PER SHARE $0.29.RAISED ITS FULL-YEAR OUTLOOK FOR REVENUE GROWTH AND ADJUSTED EBITDA FOR 2019 AND 2020.QUARTERLY IFRS EARNINGS PER SHARE $0.37.QUARTERLY REVENUE $1.42 BILLION, UP 10% ON CONSTANT CURRENCY BASIS.AGREEMENT SIGNED TO SELL REFINITIV BUSINESS TO LONDON STOCK EXCHANGE GROUP.SEES FY 2019 REVENUE GROWTH OF 3.5% - 4.0% ORGANIC.SEES FY 2019 ADJUSTED EBITDA $1.45 BILLION - $1.5 BILLION.A QUARTERLY DIVIDEND OF $0.36 PER SHARE IS PAYABLE ON SEPT 16, 2019 TO COMMON SHAREHOLDERS OF RECORD AS OF AUG 22, 2019.SAYS REFINITIV TRANSACTION WILL RESULT IN BLACKSTONE, CO HOLDING A COMBINED 37% ECONOMIC INTEREST IN LSEG (ABOUT 15% FOR THOMSON REUTERS).COMPANY REPURCHASED $190 MILLION OF SHARES IN SIX-MONTH PERIOD.SEES FY 2019 FREE CASH FLOW $0 - $300 MILLION BEFORE CURRENCY AND EXCLUDING THE IMPACT OF FUTURE ACQUISITIONS/DISPOSITIONS.SAYS THOMSON REUTERS' INTEREST IN LSEG SHARES WILL BE HELD IN AN ENTITY JOINTLY OWNED BY BLACKSTONE AND THOMSON REUTERS.SEES FY 2019 CAP EX ABOUT ABOUT 9% OF REVENUE BEFORE CURRENCY AND EXCLUDING THE IMPACT OF FUTURE ACQUISITIONS/DISPOSITIONS.UPON CLOSING OF REFINITIV TRANSACTION, THOMSON REUTERS IS PROJECTED TO INDIRECTLY OWN APPROXIMATELY 82.5 MILLION LSEG SHARES.QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 3% (4% ORGANIC) TO $603 MILLION.SEES FY 2020 REVENUE GROWTH OF 4.0% - 4.5% ORGANIC (BEFORE CURRENCY AND EXCLUDING THE IMPACT OF FUTURE ACQUISITIONS/DISPOSITIONS).  Full Article

LSE Agrees To Buy Refinitiv In $27 Bln Deal
Thursday, 1 Aug 2019 02:03am EDT 

Aug 1 (Reuters) - London Stock Exchange Group PLC ::PROPOSED ALL SHARE ACQUISITION OF REFINITIV.TO ACQUIRE REFINITIV BUSINESS IN AN ALL SHARE TRANSACTION FOR A TOTAL ENTERPRISE VALUE OF APPROXIMATELY $27 BILLION.TARGETING COMBINED ADJUSTED EBITDA MARGIN OF AROUND 50 PER CENT IN MEDIUM TERM FOLLOWING COMPLETION.DEAL WILL RESULT IN REFINITIV SHAREHOLDERS ULTIMATELY HOLDING AN APPROXIMATE 37 PER CENT ECONOMIC INTEREST IN LSEG.AGREED DEFINITIVE TERMS WITH CONSORTIUM INCLUDING CERTAIN FUNDS AFFILIATED WITH BLACKSTONE, THOMSON REUTERS TO BUY REFINITIV.DEAL WILL RESULT IN REFINITIV SHAREHOLDERS ULTIMATELY HOLDING LESS THAN 30 PER CENT OF TOTAL VOTING RIGHTS OF LSEG.DAVID CRAIG WILL JOIN LSEG'S EXECUTIVE COMMITTEE AND CONTINUE AS CHIEF EXECUTIVE OFFICER OF REFINITIV.COMBINED BUSINESS WILL BE CHAIRED BY DON ROBERT, LSEG'S CHAIRMAN, AND LED BY DAVID SCHWIMMER AS CHIEF EXECUTIVE OFFICER.DEAL EXPECTED TO BE ADJUSTED EPS ACCRETIVE BY OVER 30 PER CENT IN FIRST YEAR AFTER COMPLETION, INCREASING IN YEARS TWO AND THREE.LSEG'S GLOBAL BUSINESS WILL CONTINUE TO BE HEADQUARTERED IN LONDON.DEAL EXPECTED TO DELIVER RETURNS ON INVESTED CAPITAL IN EXCESS OF LSEG'S INVESTMENT CRITERIA IN THIRD YEAR AFTER COMPLETION.EXPECTS MATERIAL COST SYNERGIES IN EXCESS OF £350 MILLION FROM REFINITIV DEAL.SYNERGIES FROM REFINITIV DEAL EXPECTED TO BE ACHIEVED BY REMOVING DUPLICATION IN CORPORATE FUNCTIONS.  Full Article

London Stock Exchange Says H1 Revenue Rises 7% To 1.02 Bln Stg
Thursday, 1 Aug 2019 02:02am EDT 

Aug 1 (Reuters) - London Stock Exchange Group Plc ::HALF-YEAR REPORT.H1 ADJUSTED OPERATING PROFIT ROSE 11 PERCENT TO 533 MILLION STG.H1 REVENUE ROSE 7 PERCENT TO 1.018 BILLION STG.HY TOTAL REVENUE UP 7% TO £1,018 MILLION (H1 2018: £953 MILLION); TOTAL INCOME UP 8% TO £1,140 MILLION.HY ADJUSTED OPERATING PROFIT UP 11% TO £533 MILLION (H1 2018: £480 MILLION).HAVE ANNOUNCED A PROPOSED TRANSACTION TO ACQUIRE REFINITIV.  Full Article

Thomson Reuters, Blackstone In talks With LSE Regarding Refinitiv Business
Friday, 26 Jul 2019 06:49pm EDT 

July 26 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS AND BLACKSTONE IN DISCUSSIONS WITH LONDON STOCK EXCHANGE GROUP REGARDING THE REFINITIV BUSINESS.PARTIES ANTICIPATE THAT THE TRANSACTION WOULD RESULT IN THOMSON REUTERS HOLDING AN APPROXIMATE 15% STAKE IN LSEG IF COMPLETED.THERE CAN BE NO CERTAINTY THAT DISCUSSIONS WILL PROGRESS OR THAT A TRANSACTION WILL BE FORTHCOMING.REUTERS NEWS 30-YEAR AGREEMENT SIGNED LAST YEAR WITH REFINITIV WILL CONTINUE IF OWNERSHIP OF REFINITIV CHANGES.  Full Article

London Stock Exchange In Talks To Combine With Refinitiv - FT
Friday, 26 Jul 2019 01:54pm EDT 

July 26 (Reuters) - :LONDON STOCK EXCHANGE IN TALKS TO COMBINE WITH REFINITIV - FT.DEAL BETWEEN REFINITIV AND LSE MAY BE ANNOUNCED AS SOON AS NEXT WEEK; NO CERTAINTY THAT ANY AGREEMENT WOULD BE REACHED- FT, CITING SOURCES.  Full Article

Thomson Reuters To Acquire Confirmation, A Provider Of Secure Audit Confirmation Services
Friday, 21 Jun 2019 06:30am EDT 

June 21 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS TO ACQUIRE CONFIRMATION.THOMSON REUTERS CORP SAYS FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED.THOMSON REUTERS CORP SAYS SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE CONFIRMATION, A PROVIDER OF SECURE AUDIT CONFIRMATION SERVICES.  Full Article

Refinitiv and Napier To Help Combat Money Laundering with Transaction Monitoring Solution
Thursday, 13 Jun 2019 11:36am EDT 

June 13 (Reuters) - REFINITIV::REFINITIV- PARTNERED WITH NAPIER TO OFFER TRANSACTION MONITORING SOLUTION TO HELP CORPORATES & FINANCIAL INSTITUTIONS TACKLE MONEY LAUNDERING.  Full Article

ClientPay And Thomson Reuters Elite Announced An Expansion Of Partnership
Thursday, 13 Jun 2019 10:00am EDT 

June 13 (Reuters) - ClientPay :CLIENTPAY SAYS CO AND THOMSON REUTERS ELITE ANNOUNCED AN EXPANSION OF PARTNERSHIP.  Full Article

Tradeweb Markets Qtrly Adjusted Earnings Per Share $0.23
Thursday, 9 May 2019 07:00am EDT 

May 9 (Reuters) - Tradeweb Markets Inc ::TRADEWEB MARKETS QTRLY EARNINGS PER SHARE $0.19; QTRLY ADJUSTED. EARNINGS PER SHARE $0.23; QTRLY GROSS REVENUE UP 10.2% TO $186.8 MILLION.Q1 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $186.0 MILLION -- REFINITIV IBES DATA.TRADEWEB MARKETS QTRLY AVERAGE DAILY VOLUME OF $646.6 BILLION, UP 21.0%.TRADEWEB MARKETS SEES FY 2019 ADJUSTED EXPENSES OF $460 MILLION TO $475 MILLION.TRADEWEB MARKETS SEES Q2 2019 NET INTEREST LOSS OF ABOUT $0.4 MILLION; SEES FY 2019 NET INTEREST INCOME OF ABOUT $0.5 MILLION TO $1.0 MILLION.TRADEWEB MARKETS SEES FY 2019 ACQUISITION- AND REFINITIV TRANSACTION-RELATED DEPRECIATION AND AMORTIZATION EXPENSE OF $98 MILLION.TRADEWEB MARKETS - BOARD DECLARED CASH DIVIDEND OF $0.08/SHARE OF CLASS A COMMON STOCK & CLASS B COMMON STOCK FOR Q2 2019.  Full Article

COLUMN-Hedge funds were divided on oil, until Trump tweeted: Kemp

LONDON, Aug 5 Hedge fund managers were deeply divided over the future direction for oil prices, until the United States announced fresh tariffs on China and sent prices plunging late last week.