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Thomson Reuters profit rises as merger costs abate

Despite a boost due to the end of merger costs, the company's chief executive said the outlook for the second half is 'challenging'

Thomson Reuters profit rose 64 % in the second quarter, helped by no longer having to pay integration expenses from its merger, though the company continued to face sluggish growth in its segment serving financial professionals.

Revenue from continuing businesses at the news and information provider grew 1% to $3.2bn, bolstered by double-digit revenue growth in its tax and accounting division. Revenue in its core business of serving financial professionals, which makes up more than half of the company's revenue, declined 3%.

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