Latest news with #ThomsonReutersCorp
Straits Times
7 days ago
- Business
- Straits Times
Billionaire Thomson family to buy $43m luxury London apartment
A member of the multi-billionaire family behind Thomson Reuters Corp agreed to buy a high-end London apartment for about £25 million (S$43.3 million), in the latest sign of North Americans bolstering the city's luxury market. The Thomson family member – whose exact identity is unclear – agreed to purchase the sprawling single-level flat in Mayfair earlier in 2025, people familiar with the matter said, asking not to be named as the information is private. A representative for the Thomson family did not respond to a request for comment. The deal, one of London's most expensive in 2025, is the latest example of how interest from wealthy individuals from across the Atlantic is proving to be a consolation for the London luxury market in the midst of a slump. Silicon Valley investor Matt Cohler bought a detached house in Notting Hill for roughly £22 million at the end of April, while American billionaire Tom Ford purchased a Chelsea mansion for more than £80 million in summer 2024, in one of the top transactions of 2024. The latest is by Canada's richest family as it boosts its UK investments on a surging fortune. The dynasty's namesake media empire traces back almost a century to the late patriarch Roy Thomson opening a radio station in Canada before it expanded into television and more than 200 print titles. Bloomberg LP, parent of Bloomberg News, competes with Thomson Reuters in providing news and services. Thomson Reuters' shares rose roughly 20 per cent in Toronto in 2025 through July 21 on the back of reporting strong earnings, almost double the gains posted by Canada's benchmark S&P/TSX Composite Index. That's helped push the Thomson dynasty's combined fortunes to about US$106 billion, with six members of the family ranked among the world's richest 500, according to the Bloomberg Billionaires Index. Those family members include the third Baron Thomson of Fleet David Thomson, 68, who serves as chairman of the dynasty's media empire. He and his younger brother Peter, 60, also chair Woodbridge Co, the entity that controls their family's stake in their Toronto-based media firm along with Canada's Globe and Mail newspaper. Top stories Swipe. Select. Stay informed. Singapore Singapore's domestic recycling rate drops to all-time low of 11% Singapore Sota parent portal taken down for urgent patching following global cyberattack alerts Singapore HDB launches 10,209 BTO and balance flats, as priority scheme for singles kicks in Singapore Local buyers are key to recovery of prime district condo market Singapore New online channel for public to report illegal ride-hailing services Singapore Ex-Tanjong Pagar United footballer charged with assault after Singapore Premier League match in Feb Singapore COE prices for cars mostly unchanged; premium for commercial vehicles up 2.9% Singapore Cyclist charged after allegedly hitting elderly pedestrian, killing him The Thomson family member's new purchase – a stone's throw from Mayfair's famous Grosvenor Square – was agreed broadly in line with the asking price, one of the people said. Knight Frank, the real estate agent which brokered the deal, declined to comment. London's luxury property market has seen steep discounts in 2025 after stamp duty increases and the abolition of a preferential tax status enjoyed by ultra-rich foreign residents hammered demand. There were 45 per cent more price reductions on £5 million-plus properties between January and May than the same period in 2024, data from researcher LonRes show. Still, a handful of mega-deals defied the slump over the past year, including several transactions in Mayfair. Chelsea FC co-owner Behdad Eghbali bought a luxury penthouse in the district in summer 2024, while the former Icelandic embassy on the high-end Park Street sold for £22 million earlier in 2025. BLOOMBERG
Business Insider
20-07-2025
- Business
- Business Insider
Thomson Reuters to join Nasdaq-100 Index on July 28
Nasdaq announced that Thomson Reuters (TRI), will become a component of the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index prior to market open on Monday, July 28, 2025. Thomson Reuters Corp will replace ANSYS (ANSS) in the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
02-05-2025
- Business
- Yahoo
Thomson Reuters Corp (TRI) Q1 2025 Earnings Call Highlights: Strong Organic Growth and ...
Organic Revenue Growth: 6% overall, with the Big 3 segments growing by 9%. Adjusted EBITDA: $809 million, with a 40 basis point margin decline to 42.3%. Legal Professionals Organic Revenue Growth: 8%. Corporates Organic Revenue Growth: 9%. Tax & Accounting Organic Revenue Growth: 11%. Reuters News Organic Revenue Decline: 7%. Global Print Organic Revenue Decline: 5%. Adjusted EPS: $1.12, compared to $1.11 in the prior year period. Free Cash Flow: $277 million, up 3% from the prior year period. Dividend Increase: 10% to $2.38 per share. Acquisition: SafeSend for $600 million. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Thomson Reuters Corp (NASDAQ:TRI) reported a strong start to 2025 with total company organic revenues rising 6%, and the Big 3 segments growing by 9%. The company reaffirmed its full-year 2025 outlook, expecting organic growth in the range of 7% to 7.5%, with margins projected to rise by 75 basis points to approximately 39%. Key products such as CoCounsel, SurePrep, and SafeSend showed double-digit growth, contributing to the company's positive performance. Thomson Reuters Corp (NASDAQ:TRI) continues to invest heavily in innovation, launching new products like CoCounsel Tax, Audit and Accounting, and enhancing existing offerings with AI capabilities. The company completed the acquisition of SafeSend for $600 million, which is integrating smoothly and contributing positively to the business. Reuters News segment saw a 7% decline in organic revenues due to a difficult comparison with the previous year's AI-related transactional content licensing revenue. Global Print organic revenues declined by 5%, in line with expectations, reflecting ongoing challenges in this segment. Adjusted EBITDA was essentially unchanged year over year at $809 million, with a 40 basis point margin decline to 42.3%. The company faces potential challenges from economic uncertainties, including the impact of trade wars and tariff changes, which could affect customer spending patterns. Despite strong performance, there is a level of nervousness among customers regarding the economic backdrop for the rest of the year, which could impact future demand. Q: Have you seen any changes in demand or buying patterns due to the trade war? A: Steve Hasker, CEO, noted that they have not seen changes in demand yet. The business remains resilient with over 80% recurring revenues. However, there is a level of nervousness among customers about the economic backdrop and tariff implications. Michael Eastwood, CFO, added that their sales and renewal pipelines remain strong with consistent order values. Q: Are there any segments more vulnerable to a slowdown in buying? A: Michael Eastwood, CFO, stated that they do not foresee significant impacts on any segments. The transactional revenue, which is 12% of the total, is largely repeat business. Global Print, which is 7% of total revenue, has 45% governed by multiyear contracts. Reuters News' digital advertising and events are only about 1.5% of total revenue. Q: Can you elaborate on the growth potential of the CoCounsel Drafting product? A: Steve Hasker, CEO, emphasized that drafting is a critical task for legal professionals, and automating it offers significant efficiency and accuracy improvements. While he didn't provide a specific TAM, he highlighted the unique value of their proprietary content sets in creating accurate drafts. Q: How are you approaching GenAI monetization across different segments? A: Michael Eastwood, CFO, explained that they focus on pricing to value, maintaining enterprise-wide pricing rather than per seat. They are mindful of variable costs, including those associated with large language models, and are pleased with the overall pricing strategy. Q: What drives the acceleration in organic growth for the remainder of the year? A: Michael Eastwood, CFO, attributed the acceleration to strong net sales and bookings across the Big 3 segments. He highlighted the product roadmap and recent acquisitions as key factors supporting continued growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
