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Thomson Reuters Corporation (NYSE: TRI) provides professionals and investors with critical updates through this comprehensive news hub. Track official press releases, strategic initiatives, and market developments from the global leader in legal technology, tax solutions, and trusted business intelligence.
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All content is curated to meet the needs of stakeholders requiring accurate information about TRI's market position and technological innovations. The collection spans financial disclosures, Reuters journalism milestones, and enterprise solution updates that impact legal, tax, and corporate sectors globally.
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Thomson Reuters (TSX/NYSE: TRI) announced on May 15, 2024, the sale of its remaining stake in London Stock Exchange Group (LSEG).
Along with Blackstone-affiliated investment funds, the company sold 17.3 million LSEG shares at £91.50 per share.
The shares were sold to institutional and retail investors.
Thomson Reuters owned 4.3 million of the shares sold and expects to earn approximately $0.5 billion in pre-tax net proceeds from this transaction.
Following the sale, Thomson Reuters will no longer hold any interest in LSEG.
Rocket Companies, a Detroit-based fintech platform, appointed Shawn Malhotra as Chief Technology Officer. Malhotra, with extensive experience at tech giants like Thomson Reuters, Intel, and Qualcomm, will lead AI initiatives to streamline processes and enhance homeownership.
Thomson Reuters reported strong first-quarter results with total revenues up 8%, organic revenues up 9%, and the 'Big 3' segments seeing 10% growth. The company raised its 2024 revenue outlook, repurchased shares, and raised dividends. Adjusted EBITDA increased by 19%, and adjusted EPS rose to $1.11. The company continues to focus on content-driven technology and strategic acquisitions for future growth.
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