Thomson Reuters (Canada)
Thomson Reuters is the world's leading provider of business, professional and media information services, formed in 2008 from the acquisition by Canadian media group Thomson of the storied Reuters news agency, first founded in London in 1851. Key subsidiary brands include Westlaw legal information services and OneSource tax and accountancy systems. However, the group struggled for several years to integrate Reuters' financial data and analysis services, especially in the wake of the global banking crisis, losing ground in that process to key competitor Bloomberg. Performance finally got back on track in 2015, with the first increase in organic revenues since the merger. Revenues that year were $12.2bn. Financial news, investment analytics and the Eikon and Elektron trading platforms account for 50% of revenues, and legal for much of the rest. The Reuters news service generates only 2% of revenues. The Thomson family has a majority stake in the business, and David Thomson is chairman. Jim Smith succeeded Tom Glocer as CEO in 2012. Interbrand include Thomson Reuters as one of the world's most valuable brands in their annual Best Global Brands survey. Subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
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Who are the competitors of Thomson Reuters? See Media Sector for other companies
Capsule checked 10th May 2016
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 14th Jul 2016: Thomson Reuters is to sharpen its focus on financial information following the sale of its specialist science and intellectual property divisions to private equity investors for almost $3.6bn. The group will spend around $1bn of the proceeds on a share buyback and the rest to pay down debt and invest in current operations.
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