Latest news with #ThomsonReuters'
Finextra
3 days ago
- Business
- Finextra
Fintech sector braces for wave of M&A
After more than a decade of growth and hundreds of funded companies, European fintech is no longer a startup story — and the stage is set for a wave of strategic acquisitions over the next two to three years according to Victor Basta, managing partner at investment bank Artis Partners. 0 'There's a growing crop of mid-sized European fintechs now solidly profitable, strategically valuable, large enough to achieve high value exits but also no longer breakout IPO stories. Given investors have backed these firms for nearly a decade so far, we expect up to a third of them to be successfully acquired in the next three years,' says Basta. 'This will trigger a wholesale realignment of key European fintech sectors around a smaller number of broader platform players, both international strategics and independent firms who will be able to scale beyond $1 billion valuations.' Companies that will feature in this next consolidation wave are not the Klarna or Revolut-level unicorns, nor early-stage single-product fintechs still trying to achieve minimum scale in their segments. Instead, the consolidation wave will focus on Europe's 'maturing middle tier': those companies generating up to £50 million in revenue, growing 20-50% annually and already profitable or break even after cost-cutting and funding constraints. 'These companies often face real commercial headwinds,' notes Basta. 'It's easy to double revenue from 5 to 10 million, but entirely different to scale from 100 to 200, particularly against larger fintechs and long-time, entrenched legacy players. Growth becomes more expensive, which drives thinking around strategic M&A. At the same time, with half of all capital going to native AI startups, many of these fintechs find raising larger rounds harder than ever today. In short, most have far greater strategic value than purely financial value.' Recent deals include Thomson Reuters' $800 million acquisition of Pagero last year, along with the sale of Freetrade to IG Group and Ravelin to Worldpay — both transactions Artis advised on. More deals like this are already in the works, Basta states, especially as these companies' investors begin reaching the end of their fund lives and need to realize the value of their investments. 'These are not isolated cases,' says Basta. 'We're seeing this shift in real time, across payments, trading and regtech.' 'This isn't just a sector trend,' he adds. 'It's a key inflection point for the European VC industry that has backed this sector since inception. These exits will determine the next generation of European fund success.'
The Market Online
02-06-2025
- Business
- The Market Online
Thomson Reuters takes leap into agentic AI
Thomson Reuters (TSX:TRI), a leading media and and technology company, has taken the leap into agentic AI with the launch of CoCounsel, a tax, audit and accounting assistant The new technology, partially powered by OpenAI, is capable of planning, reasoning, acting and reacting within real-world workflows Thomson Reuters provides specialized software and insights for legal, tax, accounting, compliance, government and media professionals Thomson Reuters stock has added 17.55 per cent year-over-year and 172.97 per cent since 2020 Thomson Reuters (TSX:TRI), a leading media and and technology company, has taken the leap into agentic AI with the launch of CoCounsel, a tax, audit and accounting assistant. The product, partially powered by OpenAI, is capable of planning, reasoning, acting and reacting within real-world workflows. CoCounsel, sharpened by insights from legal and tax, audit and accounting experts, promises professional results, though it still requires a human to sign off on final decisions. Nevertheless, early client results have been impressive. 'Before CoCounsel, we were manually comparing residency and filing codes across 36 states. Each jurisdiction used to take us half a week to fully review—now it takes under an hour,' Rich Marlatt, chief information officer at BLISS 1041, said in a statement. 'We built our own templates in CoCounsel for 1,041 returns across 50 states and now due to agentic research and reusable templates, we can feed client-specific factors and instantly understand how each state handles them.' Thomson Reuters' next launch under its agentic AI platform will be Ready to Review, a tax prep application built on the GoSystem Tax Engine, designed to draft returns, adapt to feedback and autonomously resolve inconsistencies. Looking our farther head, the company intends to deliver agentic upgrades across its legal, compliance and risk and trade offerings, covering everything from employment policy generation to deposition analysis to compliance risk assessments. Thomson Reuters' agentic AI platform, kick-started by its 2024 acquisition of Materia, an AI startup specializing in tax and accounting systems, is driven by a strategy of 're-architecting core product experiences,' according to Monday's news release, which the company defines as 'drawing from the most critical features and content across platforms such as Checkpoint, Westlaw and Practical Law… enabling them to act and reason within already accepted industry best practices… and supercharging them with generative AI.' The company has been net income profitable, though inconsistently, since 2020, while generating annual revenue growth throughout the period. Management's guidance for 2025 includes increases in both revenue and free cash flow. Leadership insights 'Agentic AI isn't a marketing buzzword. It's a new blueprint for how complex work gets done,' David Wong, chief product officer at Thomson Reuters, said in a statement. 'We're delivering systems that don't just assist but operate inside the workflows professionals use every day. The AI understands the goal, breaks it into steps, takes action and knows when to escalate for human input — all with human oversight built in to ensure accountability and trust.' 'We're not just rebranding AI assistants. We're engineering full agentic systems — backed by trusted content, custom-trained models and real domain expertise,' Wong concluded. 'What others are calling agentic, we've already had in the market. What we're launching now sets a new bar: this is what AI looks like when it's built with real content, trained with real experts and trusted by the professionals who do real work.' 'As more platforms launch agentic capabilities, OpenAI is thrilled to power use-cases like the ones Thomson Reuters is bringing to its vast ecosystem of professional users,' added Olivier Godement, head of product platform at OpenAI. About Thomson Reuters Thomson Reuters provides specialized software and insights for legal, tax, accounting, compliance, government and media professionals. Thomson Reuters stock (TSX:TRI) is down by 0.89 per cent trading at C$270.24 as of 11:11 am ET. The stock has added 17.55 per cent year-over-year and 172.97 per cent since 2020. Join the discussion: Find out what everybody's saying about this media and technology stock on the Thomson Reuters Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Hindu
23-05-2025
- Business
- The Hindu
Green buildings: Crafting tomorrow's legacy
Christiana Figueres, the architect of the Paris Agreement, once said, 'We cannot afford to treat sustainability as a side project — it is the main project.' Her words serve as a timely reminder, especially for the commercial real estate sector, where the intersection of design, investment, and environmental responsibility is rapidly reshaping the meaning of long-term value. Sustainability is no longer a peripheral consideration. For developers and institutional players alike, it is becoming central to how projects are envisioned, financed, and managed. According to the Thomson Reuters' State of Corporate ESG report 2024, 71% of C-suite leaders globally now view sustainability as a competitive advantage, while 82% believe it will play an even larger role in business performance in the years ahead. This shift is particularly evident in commercial real estate, where tenant expectations, investor strategies, and regulatory frameworks, are all converging around sustainable outcomes. Sustainability has moved from being a boardroom agenda item to a blueprint for building. Energy-efficient and resource-optimised spaces are not just better for the planet, they also deliver clear business advantages. They reduce operating costs, increase tenant retention, and enhance long-term asset performance. Economic signal A recent Knight Frank report found that green-certified buildings in India command up to 10% higher rentals and enjoy 15% greater investor interest than their conventional counterparts. For developers, this is a powerful economic signal. Sustainability isn't just a value, it is value creation. The shift to renewable energy is another area where commercial real estate is leading transformation. Developers and institutional owners are investing in solar power, battery storage, and AI-driven energy systems to lower emissions and cut energy consumption, often reducing energy costs by as much as 70%. Global Capability Centres (GCCs) and leading corporates — many of whom operate under robust sustainability mandates — are prioritising buildings that are renewable energy-integrated and net-zero ready. In today's leasing conversations, sustainability alignment is often as much a differentiator as location. Wider financial pathways For developers, embracing sustainability also opens up wider financial pathways. Green buildings are increasingly qualifying for green bonds, sustainability-linked loans, and concessional financing. Banks and investors are no longer evaluating projects on credit metrics alone. Global financial institutions such as International Finance Corporation (a member of the World Bank Group) are backing projects with credible renewable energy and sustainability strategies. Government incentives such as accelerated approvals, additional FSI, and tax rebates, are further reinforcing the economic case for sustainable development. Developers are playing a catalytic role in enabling greener cities by integrating EV charging, waste management systems, water recycling, and district cooling infrastructure. Sustainability is a reminder that every solar panel installed, every ton of emissions avoided and every sustainable choice made is a step toward more resilient cities and more valuable assets. For developers, the path is clear: design spaces that serve both people and the planet, and profitability will follow. The writer is MD and CEO at Brookfield Properties.
Toronto Star
15-05-2025
- Business
- Toronto Star
Thomson Reuters is a tech giant in disguise with a resilience others can only envy
In this time of widespread uncertainty in business, Thomson Reuters has a resilience others can only envy. Corporate profit warnings have proliferated during the U.S.'s threatened trade war with much of the world. And Thomson Reuters, an information, software and news provider based in Toronto, would seem to be additionally vulnerable to rapid advances in artificial intelligence (AI). Many companies still don't know what to make of AI: will it enhance their businesses or push them into irrelevance? ARTICLE CONTINUES BELOW Yet Thomson Reuters is thriving under those conditions and has told shareholders to expect continued strong growth in coming years. Thomson Reuters is rapidly building AI capabilities into many of its approximately 150 information management products for professionals in the legal, corporate, tax and accounting services. Revenues at Thomson Reuters increased by seven per cent last year to $7.3 billion (U.S.), a good showing in a typically slow-growing industry. And Thomson Reuters expects revenues to increase by as much as 7.5 per cent this year and eight per cent in 2026. Profit has almost doubled in the past five years, to $2.2 billion in 2024. Thomson Reuters derives about 80 per cent of its business from long-term contracts, which helps insulate it from market turbulence. And the return of Donald Trump to the White House could prove advantageous for Thomson Reuters. The new administration has made a flurry of changes to the U.S.'s regulatory, tax and legal regime with many more changes to come. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW That has increased demand for Thomson Reuters' specialized data management software that retrieves, organizes and updates information essential to Thomson Reuters's clients. The U.S. government, already a major Thomson Reuters customer, might step up its own orders for AI-enabled information tools in its ambition to streamline government services. Thomson Reuters also stands to benefit from widespread adoption of AI in the professions it serves. For instance, in legal services, one of the firm's biggest markets, the portion of lawyers using AI-enabled information tools almost doubled last year, to 26 per cent, according to surveys it has conducted. Thomson Reuters spent more than $200 million last year upgrading its products. It expects to invest the same amount this year incorporating the latest AI advances into its existing products and developing new ones. Thomson Reuters has the resources for those big investments. The firm has little debt and about $10 billion in capital available for product development and acquisitions. CEO Stephen Hasker welcomes the scores of startups pioneering in advanced AI capabilities. That includes breakthroughs like China's DeepSeek, a powerful yet relatively inexpensive set of AI tools that debuted in January. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Such AI innovations reduce development costs for Thomson Reuters' own newest products and enable it to develop them faster. The plethora of AI startups also presents Thomson Reuters with acquisition opportunities. Identifying acquisitions that are a good fit and smoothy integrating them has long been a Thomson Reuters strength. Reuters News, which accounts for about 10 per cent of total revenues and dates from 1851, was acquired by Thomson Corp. in 2008. Thomson evolved from newspaper publishing into a provider of specialized information and tools for managing it. Thomson Reuters is controlled by the Thomson family holding company Woodbridge Co. Ltd., which also owns the Globe and Mail. Thomson Reuters had a head start in generative AI, the widely used AI application for creating new content including text and images based on existing data. Thomson Reuters had been working with AI for several years by the time generative AI was taking off. It had just moved a great deal of its immense trove of data to the cloud. That has enabled Thomson Reuters to speed the development of new products. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Hasker says some clients are holding back on the expense of subscribing to the latest AI-powered information management products during the current slowdown in business investment caused by uncertainty around tariffs. But there is an inevitability to AI adoption. Professionals recently surveyed by Thomson Reuters expect that AI will eliminate an average of 12 hours of work per week. Thomson Reuters also hopes to benefit from 'AI exhaustion.' Many of its clients are balking at the proliferation of AI products. Rather than depleting their treasuries and overloading employees with too many AI tools, many large clients are waiting for multi-purpose AI products. One of the earliest of those is Thomson Reuters' CoCounsel, a multi-tasking generative AI assistant. CoCounsel, launched in recent months, can perform multi-step processes, displacing AI products with limited functionality. Thomson Reuters, whose stock has more than doubled in the past five years to a current $184, is a tech giant in disguise. It is overshadowed by the likes of Shopify. And never mind that Shopify stock is pricier than that of Thomson Reuters, with price-earnings ratios of 87 and 38, respectively.
Yahoo
16-04-2025
- Business
- Yahoo
Woodbridge representatives Michael Friisdahl and Paul Sagan nominated to Thomson Reuters' Board of Directors at AGM
TORONTO, April 16, 2025 /CNW/ - The Woodbridge Company Limited ("Woodbridge"), Thomson Reuters' principal shareholder, today announced that Michael Friisdahl and Paul Sagan were nominated for election to the Thomson Reuters' board of directors as representatives of Woodbridge following a search by Woodbridge and Thomson Reuters. Mr. Friisdahl and Mr. Sagan will stand for election at Thomson Reuters' upcoming annual meeting of shareholders to be held on June 4, 2025 (the "AGM"). Information regarding Mr. Friisdahl and Mr. Sagan will be included in Thomson Reuters' management proxy circular for the AGM. Early Warning Disclosure This press release is being issued by Woodbridge pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), which requires a report to be filed under Thomson Reuters' profile on SEDAR+ ( containing additional information respecting the foregoing matters. Thomson Reuters' head office address is 19 Duncan St., Toronto, Ontario, M5H 3H1, Canada. Woodbridge and Thomson Investments Limited ("TIL"), a holding company of Woodbridge, have filed on SEDAR+ an amended early warning report in compliance with NI 62-103 to disclose changes in certain material facts relating to their ownership of common shares of Thomson Reuters ("Common Shares") as a result of the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board. TIL is the beneficial owner of 313,508,841 Common Shares, representing approximately 69.6% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 300,551,801 Common Shares, representing approximately 66.7% of the outstanding Common Shares. For further information, including a copy of the corresponding report filed with Canadian securities regulators, please visit or contact The Woodbridge Company Limited, 65 Queen Street West, Suite 2400, Toronto, Ontario, M5H 2M8, Canada, Attention: David Colman (dcolman@ 416.364.8700. About Woodbridge The Woodbridge Company Limited is the primary investment vehicle for the Thomson family of Canada. It has a number of investments, including a majority stake in Thomson Reuters, listed on the Toronto Stock Exchange and the Nasdaq. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS Certain statements in this news release, including, but not limited to, statements relating to the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board, are forward-looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While Woodbridge believes that they have a reasonable basis for making the forward-looking statements in this news release, they are not a guarantee of future outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond Woodbridge's control and the effects of them can be difficult to predict. Except as may be required by applicable law, Woodbridge disclaims any obligation to update or revise any forward-looking statements. SOURCE The Woodbridge Company Limited View original content:
