Revenues at Thomson Corporation, the news and information group that competes with Reuters and Bloomberg, rose by 10% to $1.85bn (€1.43bn) in the first quarter thanks to business growth, acquisitions and favourable foreign exchange movements.

As Thomson reported a 16% increase in operating profits to $113m for the quarter, Richard Harrington, chief executive, said the group was on track to deliver its long-term goal of annual revenue growth of between 7% and 9%.