Financial Times FT.com

Thomson plans international news service

By Aline van Duyn in New York

Published: March 27 2007 09:12 | Last updated: March 27 2007 09:12

Thomson Financial is putting the finishing touches to a global news service it will start selling to clients in May, part of a move by the information group to compete more extensively with rivals Bloomberg and Reuters.

Thomson Financial, part of Thomson, the electronic publishing business, is building a global network on the back of AFX, the European news service it bought for an estimated $20m last year.

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