Legal sector pushes Thomson Reuters growth

The Legal and Tax & Accounting visions have boosted growth at news and information company Thomson Reuters, bringing in higher than expected profit in Q2.

Olivier Le Maor

The share price rose three per cent on the news that profits per share were 51 pence rather than the 46 pence expected by analysts. Chief executive officer Jim Smith said that the company is planning to focus resources on growth areas including risk, compliance, tax and accounting. But, says Reuters, ‘market challenges remain, especially in Europe, as key customers at financial institutions and law firms reduce costs and trim staff’. Source: Reuters

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