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Thomson Reuters Corp (TRI.TO)

TRI.TO on Toronto Stock Exchange

89.81CAD
20 Aug 2019
Change (% chg)

$-0.19 (-0.21%)
Prev Close
$90.00
Open
$89.73
Day's High
$90.29
Day's Low
$89.26
Volume
396,270
Avg. Vol
527,038
52-wk High
$93.44
52-wk Low
$60.92

Latest Key Developments (Source: Significant Developments)

London Stock Exchange Group says it is in talks to buy Refinitiv
Friday, 26 Jul 2019 06:49pm EDT 

July 26 (Reuters) - London Stock Exchange Group Plc ::LSE SAYS IS IN TALKS WITH CONSORTIUM INCLUDING SOME INVESTMENT FUNDS AFFILIATED WITH BLACKSTONE & THOMSON REUTERS ABOUT POSSIBLE ACQUISITION OF REFINITIV.THERE CAN BE NO CERTAINTY THAT DISCUSSIONS BETWEEN PARTIES WILL PROGRESS OR THAT A TRANSACTION WILL BE FORTHCOMING.EXPECTED THAT LSEG WOULD ACQUIRE REFINITIV FOR A TOTAL ENTERPRISE VALUE OF ABOUT US$27 BILLION.PARTIES ANTICIPATE DEAL TO RESULT IN REFINITIV SHAREHOLDERS HOLDING ABOUT 37% STAKE IN ENLARGED GROUP & LESS THAN 30% OF TOTAL VOTING RIGHTS OF LSEG.PARTIES ARE IN ADVANCED TALKS REGARDING BOARD MEMBERSHIP, GOVERNANCE AND OTHER RELATIONSHIP AGREEMENT TERMS INCLUDING LOCK-UP PROVISIONS.SHOULD TRANSACTION PROCEED, REFINITIV SHAREHOLDERS INTEND TO BE SUPPORTIVE LONG-TERM SHAREHOLDERS IN LSEG.UNDER DEAL TERMS, LSEG WOULD CONTINUE TO BE CHAIRED BY DON ROBERT AND LED BY DAVID SCHWIMMER, CEO, WITH DAVID WARREN AS CFO.BELIEVES THAT ANNUAL RUN-RATE COST SYNERGIES IN EXCESS OF 350 MILLION STG WOULD BE DELIVERABLE IN FIVE YEARS AFTER DEAL COMPLETION.TRANSACTION WOULD DELIVER STRONG ADJUSTED EARNINGS PER SHARE ACCRETION IN THE FIRST FULL YEAR AFTER COMPLETION.BLACKSTONE'S CONSORTIUM INCLUDES AN AFFILIATE OF CANADA PENSION PLAN INVESTMENT BOARD, AN AFFILIATE OF GIC SPECIAL INVESTMENTS, SOME CO-INVESTORS.  Full Article

Brian Scanlon Joins Guardian Life Insurance Company Of America As EVP Of Business Development And Chief Marketing Officer
Tuesday, 2 Jul 2019 03:58pm EDT 

July 2 (Reuters) - The Guardian Life Insurance Company of America::THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA - BRIAN SCANLON JOINS AS EXECUTIVE VICE PRESIDENT OF BUSINESS DEVELOPMENT AND CHIEF MARKETING OFFICER.THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA - SCANLON JOINS GUARDIAN FROM THOMSON REUTERS CORPORATION.  Full Article

Thomson Reuters, Ernst & Young Announce Strategic Alliance For Tax Technology
Tuesday, 21 May 2019 12:01am EDT 

May 21 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS - ENTERS ALLIANCE WITH ERNST & YOUNG LLP FOR CO'S ONESOURCE GLOBAL TAX TECHNOLOGY WITH EY TAX TECHNOLOGY AND TRANSFORMATION SERVICES.  Full Article

Thomson Reuters Reports Q1 Adj. Earnings Of $0.36 Per Share
Wednesday, 8 May 2019 06:30am EDT 

May 8 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS REPORTS FIRST-QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.36.Q1 IFRS EARNINGS PER SHARE $0.23.REAFFIRMED ITS FULL-YEAR OUTLOOK FOR 2019 AND 2020.Q1 EARNINGS PER SHARE VIEW $0.25 -- REFINITIV IBES DATA.QUARTERLY REVENUE $1.49 BILLION, UP 10 PERCENT AT CONSTANT CURRENCY.SEES FY 2019 REVENUE GROWTH OF 7% - 8.5% BEFORE CURRENCY.CEO JIM SMITH SAYS "OUR TRANSFORMATION INITIATIVES ARE ON TRACK AND WE ARE SEEING GOOD UNDERLYING MARGIN IMPROVEMENT".QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 3% TO $594 MILLION AT CONSTANT CURRENCY.SEES FY 2020 REVENUE GROWTH OF 3.5% - 4.5% BEFORE CURRENCY.SEES FY 2019 ADJUSTED EBITDA $1.4 - $1.5 BILLION BEFORE CURRENCY.Q1 REVENUE VIEW $1.50 BILLION -- REFINITIV IBES DATA.QUARTERLY CORPORATES REVENUES INCREASED 8% TO $352 MILLION AT CONSTANT CURRENCY.SEES FY 2019 FREE CASH FLOW $0 - $300 MILLION BEFORE CURRENCY.SEES FY 2020 FREE CASH FLOW $1.0 BILLION - $1.2 BILLION BEFORE CURRENCY.QUARTERLY TAX PROFESSIONALS REVENUES INCREASED 5% TO $222 MILLION AT CONSTANT CURRENCY.SEES FY 2019 CAPITAL EXPENDITURES OF ABOUT 9% OF REVENUE BEFORE CURRENCY.SEES FY 2020 CAPITAL EXPENDITURES OF 7.5% TO 8.0% OF REVENUE BEFORE CURRENCY.SAYS REVENUE UP 8%, DUE TO INCLUSION OF REVENUE PAID BY REFINITIV TO REUTERS NEWS & HIGHER RECURRING REVENUE ACROSS ALL OTHER CUSTOMER SEGMENTS.2019 ORGANIC REVENUE GROWTH IS EXPECTED TO BE 3% - 3.5%.  Full Article

Thomson Reuters CEO James Smith's 2018 Total Compensation Was $14.5 Million
Wednesday, 17 Apr 2019 07:29am EDT 

April 17 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS SAYS CEO JAMES SMITH'S 2018 TOTAL COMPENSATION WAS $14.5 MILLION VERSUS $14.4 MILLION IN 2017.THOMSON REUTERS CORP - CFO STEPHANE BELLO'S 2018 COMPENSATION WAS ABOUT $4.90 MILLION VERSUS ABOUT $4.94 MILLION IN 2017.THOMSON REUTERS SAYS AFTER EVALUATION OF MARKET POSITIONING OF COMPENSATION, EXECUTIVE OFFICERS DID NOT RECEIVE BASE SALARY INCREASE FOR 2019 - SEC FILING.THOMSON REUTERS CORP - COMPENSATION FOR MICHAEL FRIEDENBERG, PRESIDENT OF REUTERS NEWS WAS ABOUT $5.7 MILLION IN 2018.  Full Article

Reuters Says Its Sports Media Agency Action Images Signs Three New Sports Partners
Wednesday, 3 Apr 2019 10:02am EDT 

April 3 (Reuters) - Reuters::REUTERS - ANNOUNCED THAT ITS SPORTS MEDIA AGENCY ACTION IMAGES HAS SIGNED THREE NEW MAJOR SPORTS PARTNERS.REUTERS - PGA TOUR, PROFESSIONAL SQUASH ASSOCIATION TO BEGIN USING ACTION IMAGES SERVICES TO DISTRIBUTE SPORTS HIGHLIGHTS ON REUTERS CONNECT PLATFORM.REUTERS - LAGARDÈRE SPORTS TO BEGIN USING ACTION IMAGES SERVICES TO DISTRIBUTE SPORTS HIGHLIGHTS ON REUTERS CONNECT PLATFORM.  Full Article

Tradeweb Markets Expects IPO Of 36.3 Mln Class A Common Stock Priced At $24.00-$26.00/Share
Tuesday, 2 Apr 2019 10:20am EDT 

April 2 (Reuters) - Blackstone Group LP ::TRADEWEB MARKETS - EXPECTS IPO OF 36.3 MILLION CLASS A COMMON STOCK PRICED AT $24.00-$26.00/SHARE.TRADEWEB MARKETS - HAD PREVIOUSLY EXPECTED AN IPO OF 27.3 MILLION CLASS A COMMON STOCK PRICED AT $24.00-$26.00/SHARE.TRADEWEB MARKETS - EXPECTS IPO OF 36.3 MILLION CLASS A COMMON STOCK PRICED AT $24.00-$26.00/SHARE.  Full Article

Refinitiv Appoints New Head Of Sustainable Investing & Fund Ratings
Tuesday, 12 Mar 2019 03:41pm EDT 

March 12 (Reuters) - Refinitiv::SAYS APPOINTS NEW HEAD OF SUSTAINABLE INVESTING & FUND RATINGS.SAYS LEON SAUNDERS CALVERT TO LEAD CO'S NEWLY COMBINED ESG SUSTAINABLE INVESTING & LIPPER FUND RATINGS BUSINESS.SAYS PLANS TO INCREASE UNIVERSE OF CORPORATES COVERED IN CO'S ESG DATABASE WHILE INITIATING ESG SCORES ON PUBLIC MUTUAL FUNDS.  Full Article

Tradeweb Markets Says After IPO, Refinitiv Will Continue To Own Majority Of Combined Voting Power
Thursday, 7 Mar 2019 09:21am EST 

March 7 (Reuters) - :TRADEWEB MARKETS INC SAYS J.P. MORGAN, CITIGROUP, GOLDMAN SACHS & CO. LLC, MORGAN STANLEY ARE AMONG UNDERWRITERS TO IPO.TRADEWEB MARKETS INC SAYS BOFA MERRILL LYNCH, BARCLAYS, CREDIT SUISSE, DEUTSCHE BANK SECURITIES ARE AMONG UNDERWRITERS TO IPO.TRADEWEB MARKETS INC SAYS UBS INVESTMENT BANK, WELLS FARGO SECURITIES, JEFFERIES, SANDLER O’NEILL + PARTNERS ARE ALSO AMONG UNDERWRITERS TO IPO.TRADEWEB MARKETS INC SAYS UPON COMPLETION OF IPO, ALL OF ITS CLASS B COMMON STOCK WILL BE HELD BY THE REFINITIV DIRECT OWNER.TRADEWEB MARKETS INC SAYS AFTER COMPLETION OF IPO, REFINITIV WILL CONTINUE TO OWN A MAJORITY OF THE COMBINED VOTING POWER IN CO.TRADEWEB MARKETS INC SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE.TRADEWEB MARKETS - AFTER IPO, EXPECT REFINITIV TO CONTINUE PROVIDING MARKET DATA SERVICES, INSURANCE, AT LEAST IN NEAR TERM, OFFICE SPACE & RELATED SERVICES.  Full Article

Tradeweb Markets Inc Files For IPO Of Up To $100 Mln
Thursday, 7 Mar 2019 08:55am EST 

March 7 (Reuters) - :TRADEWEB MARKETS INC FILES FOR IPO OF UP TO $100 MILLION – SEC FILING.TRADEWEB MARKETS INC SAYS IT INTENDS TO APPLY TO HAVE ITS CLASS A COMMON STOCK LISTED ON NASDAQ UNDER THE SYMBOL "TW".TRADEWEB MARKETS INC SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE.  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.