DAVOS-UPDATE 1-Thomson Reuters CEO has seen uptick in sales

DAVOS, Jan 27 (BestGrowthStock) – Thomson Reuters Corp
(TRI.TO: )(TRI.N: ) CEO Thomas Glocer said on Wednesday the news and
information company saw a “marked uptick” in its sales at it
progressed through the end of 2009.

He told Reuters Insider television that because of the
company’s subscription model it would take time for the weakness
earlier in the year to work through the system but that it was
now well placed.

He said Thomson Reuters was in a strong position to make
acquisitions and to invest in its businesses and had
opportunistically refinanced debt over the summer.

Glocer, who is attending the World Economic Forum in Davos,
said there was “a tonne” of good businesses coming onto the
market.

He also said that at the WEF a year ago it was “near
professional suicide” when he had expressed some optimism but
now in the technology world in particular, businesses were
cautiously beginning to invest.

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(Reporting by Martin Howell, editing by Mike Peacock)

DAVOS-UPDATE 1-Thomson Reuters CEO has seen uptick in sales