Thomson Reuters Corp Stock Price, News & Analysis

TPG has signed an agreement to acquire a majority stake in Elite from Thomson Reuters for approximately US$500 million. This acquisition aims to enhance Elite's capabilities in providing practice management solutions to law firms, assisting them in automating financial workflows. The partnership is expected to fuel Elite's growth by allowing it to focus on digital transformations and innovations like AI.

Thomson Reuters will retain a minority stake and board representation, continuing its strategic support. The transaction is anticipated to close in Q2 2023, pending regulatory approvals.

Thomson Reuters (TSX/NYSE: TRI) announced a plan to return approximately US$2.2 billion to shareholders through a cash distribution of US$4.67 per common share and a share consolidation. This comes from gross proceeds linked to the sale of shares in the London Stock Exchange Group. Shareholders will vote on this proposal at the annual meeting on June 14, 2023, with a two-thirds majority required for approval. The transaction is expected to conclude by the end of June and is primarily tax-free for Canadian residents. Non-Canadian residents can opt out, maintaining their shares, to potentially avoid tax implications.

Thomson Reuters (NYSE, TSX: TRI) will release its first-quarter 2023 earnings on May 2, 2023. A conference call and webcast will follow on the same day at 9:00 a.m. EDT, hosted by CEO Steve Hasker and CFO Mike Eastwood. This event is expected to cover forward-looking information relevant to the company's performance. Investors can register for the webcast via the Investor Relations section on the Thomson Reuters website. The company is recognized for providing essential information and technology for professionals across various sectors, including legal, tax, and media.

Thomson Reuters (TSX/NYSE: TRI) will have its CEO, Steve Hasker, present at the Bank of America Securities 2023 Information Services Conference on March 16, 2023, at 10:30am EDT. The presentation is expected to contain forward-looking information, offering insights into the company's strategic direction. A live audio webcast of the event will be accessible in the 'Investor Relations' section of TR.com, along with an archived version post-presentation. Thomson Reuters is recognized for its comprehensive business information services, encompassing specialized software tools for legal, tax, accounting, and compliance professionals.

Thomson Reuters (TSX/NYSE: TRI) announced the sale of 28 million shares of London Stock Exchange Group PLC (LSEG) at £71.50 per share, generating approximately $1.10 billion in pre-tax net proceeds. Of the shares sold, around 13.6 million were indirectly owned by Thomson Reuters. Following the transaction, the company will retain approximately 47.5 million shares of LSEG. The sale was conducted through institutional and retail placements, reflecting Thomson Reuters' ongoing strategy to manage its investment portfolio effectively.

Thomson Reuters (TSX/NYSE: TRI) has filed its annual report for the year ended December 31, 2022. The report includes audited financial statements and management's discussion and analysis. It is accessible in the Investor Relations section on their website and has been submitted to Canadian securities regulators and the U.S. SEC on Form 40-F. Hard copies of the report can be requested via email or through the company's Investor Relations office in New York. Thomson Reuters continues to be a leading provider of business information services, including specialized software and tools for professionals.

On March 1, 2023, Thomson Reuters announced that its President and CEO, Steve Hasker, along with CFO Mike Eastwood, will present at the Scotiabank TMT Conference on March 8, 2023, at 11:40 am EST. The presentation is expected to include forward-looking information about the company's future performance and strategic direction. Following the event, a replay will be accessible in the Investor Relations section of TR.com. Thomson Reuters is a premier provider of business information services, specializing in legal, tax, accounting, and compliance solutions.

Thomson Reuters (TRI) reported a 4% increase in full-year revenue, totaling $6.63 billion, with organic revenue growth of 6%. In Q4, revenue grew 3%, driven largely by its Legal Professionals, Corporates, and Tax & Accounting segments. The company achieved $540 million in annualized operating expense savings through its Change Program, contributing to a significant 146% increase in operating profit for Q4. The board approved a 10% increase in the annual dividend, marking the 30th consecutive year of growth. Looking ahead, TRI maintains its 2023 outlook for organic revenue growth of 5.5% - 6% despite economic challenges.

Thomson Reuters (NYSE, TSX: TRI) has announced that it will release its fourth-quarter and full-year 2022 earnings on February 9, 2023. A conference call and webcast, led by CEO Steve Hasker and CFO Mike Eastwood, is scheduled for 8:30 a.m. EST on the same day. The company provides business information services, focusing on legal, tax, accounting, and compliance sectors, along with global news through Reuters.