Stock of the Week: Thomson Reuters

Media and publishing giant has gone from strength to strength after Thomson bought Reuters in 2008

James Gard 10 September, 2021 | 11:36AM
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With pupils and students heading back into education this week, we asked our Twitter followers to choose among listed publishing giants. They’ve voted for Canadian media and data conglomerate Thomson Reuters (TRI), which has just edged out France’s Lagardère (MMB) in our stock of the week poll.

Thomson Reuters has a relatively short history as a public company after Canada’s Thomson bought the UK’s Reuters in 2008. But its constituent parts have long pedigrees, in particular the Reuters news agency, which traces its roots back to 1850s London. The combined group is now headquarted in Canada, where the C$74 billion business is listed. In a world where data and technology are highly prized, Thomson Reuters has a suite of products for tax and legal professionals, while Reuters provides real-time news and data to the finance industry. The firm also prints legal and tax textbooks which will be used by new students this term and later in their careers – “Norton Bankruptcy Law and Practice” will be familiar to many US law students and practitioners, for example. Competitors include FTSE 100 company RELX (REL), which owns legal data portal LexisNexis, and Wolters Kluwer (WKL). In terms of news and market data provision, Bloomberg has emerged as a challenger to Reuters in recent decades.

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James Gard  is content editor for Morningstar.co.uk

 

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