Thomson Reuters profit up 17pc

Finance data provider Thomson Reuters said its operating profit rose 17 per cent in the past quarter to $669m and earnings per share rose $24 per cent despite only a four per cent rise in its revenues, as buoyant sales of its legal and accountancy-focused products were offset against lower-than-expected revenues in its markets division. Reuters chief executive Thomas Glocer said its markets performance was “below our expectations” and he planned to “accelerate the transformation” in the division, changing several of its leadership posts.