Forex revives an ailing Thomson Reuters
The first reported financial results since the April 17 merger of the two financial publishing firms showed organic growth of 7% to reach $2.1 billion in its key market division, with foreign exchange translation aiding this figure by 5%. The growth is lower than the first quarter’s 9% year-on-year growth, and also lower than the analysts’ average expected growth of 7.5%. Growth in FX products sales also helped second-quarter figures, although the company declined to give the specific amount.
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