LSEG and Thomson Reuters Expand News Partnership
Posted by Colin Lambert. Last updated: January 17, 2023
LSEG (London Stock Exchange Group) and Thomson Reuters have announced a multi-faceted expansion of their long-term partnership, sharing a number of joint commitments to enhance the value of financial and market news services to LSEG customers.
When LSEG bought elements of the Thomson Reuters business – a deal that completed in early 2021, the firms also signed an agreement for LSEG to be the exclusive distributor of Reuters news for 30 years from 2018. The extended collaboration will see an investment in 100 editorial roles across Reuters’ global newsrooms with focus on financial and markets coverage.
The firms say it will also involve a “significant expansion” of Reuters India financial file and China equities coverage. The previously announced acquisition and ongoing integration of PLX AI – a real-time financial news service powered by artificial intelligence – into Reuters newsroom, will also be available exclusively through LSEG services.
The firms says they also have agreement on a path forward for Reuters to launch consumer-facing subscription products, supporting both parties’ engagement with global professionals.
“At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level will help us to continue to do just that.” says Steve Hasker, CEO, Thomson Reuters. “Our new range of commitments will boost both organisations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world.”
David Schwimmer, CEO of LSEG, adds, “This collaboration will broaden our news offering, enhancing the speed and analysis of breaking news, and increasing the value of services provided to LSEG customers.”