Reuters beats results forecast

MEDIA group Thomson Reuters yesterday posted results ahead of forecast as its professional information business offset sluggish growth in its markets division.

Sales to legal, tax and accounting professionals jumped 10 per cent, buoyed by strong sales of its WestlawNext software. But growth was subdued in the unit that caters to banks and other financial institutions, with sales rising one per cent.

Overall third quarter revenues rose five per cent to $3.26bn (£2.04bn), while operating profit jumped 12 per cent to $717m.