Thomson Reuters shares fall despite profits hike

Thomson Reuters – formed in April from the €11bn merger between the two news agencies – posted an 11% hike in pro forma revenues in the three months to June 30, at $3.4bn (€2.3bn).

It said underlying operating profits were up 15% on a pro forma basis, to $708m (€475m), but shares sunk on news of slower revenues growth in its key markets division.