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[1/3] A volunteer does the registration check-in of pilgrims on the first day of the XXXVII World Youth Day, in Lisbon, Portugal, August 1, 2023. The cross-cultural festival, which actually runs for nearly a week, is held every two to three years and was initiated by the late Pope John Paul. At the Lisbon civil parish of Olivais, volunteers welcomed pilgrims carrying suitcases and sleeping bags on Tuesday near a school that is hosting them. He will celebrate several Masses and attend events with young people, politicians and diplomats. Reporting by Catarina Demony, Miguel Pereira and Pedro Nunes; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Nunes, Pope Francis, Pope John Paul, Francis, Emilie Bartoschek, Bartoschek, Parque Eduardo VII, Buddy, Catarina Demony, Miguel Pereira, Bernadette Baum Organizations: REUTERS, Reuters Connect, Thomson Locations: Lisbon, Portugal, Reuters Connect LISBON, Tejo, Portuguese, Western, Olivais, Germany, Parque

☆ France, Brazil resume hunt for World Cup knockout spot
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Group F leaders France ignited their campaign with a 2-1 win over Brazil at the weekend after struggling to a goalless draw against Jamaica in their opener. They need only a point in Sydney to reach the knockouts for a fourth straight World Cup. France are locked on four points with Jamaica, who can advance with a win or draw against Brazil in Melbourne. Heavyweights Brazil last exited the World Cup in the group stage in 1995. "Tomorrow's a decider and we don't want to go home," said Brazil great Marta, playing at her sixth and final World Cup.

Persons: Kadidiatou Diani, Dan Peled, Brazil's, France, Herve Renard, Tomorrow's, Marta, Magdalena Eriksson, Hritika Sharma, Christian Radnedge Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Reuters Connect AUCKLAND, South, Jamaica, Brazil, G, Argentina, Colombia, Thomson Locations: New Zealand, France, Brazil, Brisbane, Australia, Panama, Jamaica, Sydney, Melbourne, Colombia, Germany, Morocco, South Korea, Sweden, Hamilton, Italy, South Africa, Wellington, Hyderabad

☆ Uranium price ticks up after Niger coup, more gains expected
▼ + stars: | 2023-08-01 | by ( Eric Onstad | ) www.reuters.com time to read: +2 min

French nuclear fuels company Orano, which operates uranium mines in the West African country, said last week its activities were ongoing despite the coup. The spot price is little changed also because Orano sells uranium on long-term contracts and the summer months are slow in the spot market, said Jonathan Hinze, president of UxC. "All indications would be that this would be a catalyst for upward moves in the uranium price given the overall tight supply/demand balance in uranium at this time." Niger was the second-largest supplier of natural uranium to the EU last year, Euratom said. On Monday, the junta that seized power in Niger last week detained senior politicians, including the mines minister, defying international calls to restore democratic rule.

Persons: UxC, Orano, Jonathan Hinze, Euratom, Eric Onstad, Emelia Sithole Organizations: REUTERS, Reuters Connect, Nigerien, Reuters, European Union, EU, Thomson Locations: Niamey, Niger, West, France, Europe

☆ Canadian factory activity slows for third straight month in July
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] Factory workers operate machine presses at Abipa Canada in Boisbriand, Quebec, Canada May 10, 2023. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 49.6 in July from 48.8 in June. "July's PMI results offered a rather mixed bag on the performance of the Canadian manufacturing sector," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. The new orders index, at 49.2, was in contraction for the fifth straight month, although up from 48.5 in June. The port strikes and wildfires limited the improvement in vendor performance, S&P Global said.

Persons: Evan Buhler, Paul Smith, Fergal Smith, Paul Simao Organizations: Canada, REUTERS, Reuters Connect TORONTO, P Global Canada Manufacturing, PMI, P Global Market Intelligence, Bank of Canada, Canada's, P Global, Thomson Locations: Boisbriand, Quebec, Canada, United States

☆ Fact Check-News broadcast image does not exaggerate heatwave in France
▼ + stars: | 2023-07-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image of a French news report about hot weather in Corsica is being falsely touted online as evidence of the media exaggerating high temperatures in France. The image is a cropped still from a broadcast weather report on CNEWS, a French-language news channel. “Same temperature manipulation in France relating to Corsica,” said one social media user sharing the image on messaging platform X, formerly known as Twitter. Reuters traced the image to a weather report broadcast on CNEWS on July 18 (here). The visuals were filmed on July 17 and were used to illustrate a broadcast on July 18 about temperatures forecast for later that day.

Persons: ”, “ Banner, Hier, Thomas Goussard, Matthieu Sorel, Pina Canale, Read Organizations: Corse, Facebook, Reuters, CNEWS, Bastia Locations: Corsica, France, Haute, Corse, Hause, Bastia, Météo, Figari

But while Rose's departure means Europe's 25 biggest banks by assets are still 96% male-run, an analysis by Reuters has found that broader executive management teams have become slightly more balanced since last year. Top management teams at Europe's largest lenders are now 30.6% female, data compiled by Reuters shows, up from 25.6% for the same group of banks in early 2022. Reuters GraphicsAcross the broader financial services sector, however, a recent study by EY found that hiring of women at board of directors level in Europe had actually dipped. Companies appointed women to 44% of board openings in the 12 months through June 2023, down from 52% during the previous year. The overall gender split has nevertheless improved to 43% female and 57% male on the boards of European financial firms, EY found, from a 37%/63% split a year ago.

Persons: Alison Rose's, Isabelle Ferrand, Ann Francke, EY, Brenna Hughes, Tom Sims, Iain Withers, Jesus Aguado, Catherine Evans Organizations: NatWest, Reuters, Reuters Graphics, UBS, European, Chartered Management Institute, Companies, Thomson Locations: ZURICH, Europe, Frankfurt, London, Madrid

☆ Yen rises amid reports the Bank of Japan may discuss 'tweaking' policy
▼ + stars: | 2023-07-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

The yen was hovering around the 139.13 mark against the U.S. dollar at about 11:25 a.m. Hong Kong/Singapore time. The Japanese yen rose on Friday morning in Asia, on the back of a report that the Bank of Japan could potentially "discuss tweaking" its yield curve control policy at today's policy meeting. Under its yield curve control policy, the central bank targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero. With inflation having exceeded the BOJ's 2% target, concerns are rising that Japan's relatively low interest rates have made the yen less attractive and vulnerable to selling. Central banks around the world have raised rates aggressively to rein in on inflation, but Japan has continued to maintain an ultra-loose monetary policy and kept rates low.

Persons: — CNBC's Lim Hui Jie Organizations: Nikkei, U.S, Bank of Japan Locations: Hong Kong, Singapore, Asia, Japan

There's no need to identify the country, all you need to do is control the item," a Japanese industry ministry official told Reuters. Two of them, deposition machinery maker Kokusai Electric and Japan's leading chip tool maker Tokyo Electron (8035.T), said they expect Japan's controls to have a limited business impact. COORDINATIONDovetailing Japan's controls with those of the U.S. and the Netherlands will require close coordination. He has met with Japanese trade officials and believes Tokyo is committed to curbing certain exports. Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars, a third Japanese industry official said.

Persons: Emily Benson, Kevin Wolf, Jim Lewis, Lewis, Joe Biden's administrationis, Tim Kelly Karen Freifeld, Kentaro Sugiyama, Toby Sterling, Yoshifumi, Lincoln Organizations: TOKYO, Reuters, Center, Strategic, International Studies, Tokyo, Advantest Corp, Nikon Corp, Canon Inc, Screen Holdings, U.S . State Department and Commerce Department, Center for Strategic, U.S, U.S . Commerce Department, Thomson Locations: Tokyo, Beijing, Japan, U.S, China, backdown, Washington, Netherlands, Amsterdam

☆ Chevron appoints Eimear Bonner as new finance chief and issues preliminary second-quarter earnings results
▼ + stars: | 2023-07-23 | by ( Terri Cullen | In Terricullen | ) www.cnbc.com time to read: +1 min

Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Chevron on Sunday said the company's Chief Financial Officer Pierre Breber will retire next year, and named long-time company veteran Eimear Bonner, chief technology officer of Chevron Technical Center, as his successor. Separately, the company also said it waived the mandatory retirement age requirement for its Chief Executive Officer Mike Wirth. The upcoming chief executive will take the position starting March 1, 2024, the company said in a statement. Chevron noted, however, that the financial results reported Sunday don't represent a comprehensive statement of its second-quarter results and said it will issue its complete second-quarter earnings figures on Friday, July 28.

Persons: Pierre Breber, Eimear Bonner, Mike Wirth, Bonner, Chevron's, — Organizations: Chevron, Sunday, Chevron Technical Center, — Reuters Locations: Bishop, San Ramon , California

☆ Ukraine's spymaster comes out of the shadows
▼ + stars: | 2023-07-14 | by ( Tom Balmforth | ) www.reuters.com time to read: +5 min

For an intelligence chief running Ukraine's spy operations during war with Russia, Kyrylo Budanov, 37, has built up an unusually public profile that he has used to get his message out and to menace Russia from afar. These days, a spy boss cannot stay in the shadows, he says. "It's not possible without this, not anymore," the head of Ukraine's Main Intelligence Directorate (GUR) told Reuters in an interview at his heavily defended headquarters in the capital. The prospect of a spy agency sending assassins to hunt down Ukraine's enemies has drawn comparisons with Israel's Mossad. Budanov began his military career as a special forces operative and served in the east after Russia illegally annexed Crimea and its proxies took over Ukraine's eastern fringes.

Persons: Vladimir Putin, Kyrylo Budanov, GUR, Budanov, Yevgeny Prigozhin, Putin, haven't, Tom Balmforth, Sergiy, Mike Collett, White, Peter Graff Organizations: Kyiv, Ukraine's Main Intelligence, Reuters, Russian Interior Ministry, Thomson Locations: Moscow, Russia, Ukraine, RUSSIA, Russian, Crimea, Rybalskyi

However, there is uncertainty about how long households can weather price hikes and generate inflation driven more by demand, which holds the key to whether BOJ's 2% target can be achieved in a sustainable manner, analysts say. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 3.2% in June from a year earlier, accelerating from a 3.1% gain in May. While companies offered wage hikes unseen in three decades this year, inflation-adjusted real pay continues to fall in a sign of pain consumers are feeling from the wave of price hikes. BOJ Governor Kazuo Ueda has repeatedly said the BOJ will maintain ultra-loose policy until stronger wage growth keeps inflation sustainably around its 2% target. "The BOJ may revise up its inflation forecast but probably keep policy steady in July," said Takeshi Minami, chief economist at Norinchukin Research Institute.

Persons: Yoshiki Shinke, Teikoku Databank, Kazuo Ueda, Ryozo Himino, Takeshi Minami, Takahiko Wada, Leika, Satoshi Sugiyama, Kantaro, Sam Holmes Organizations: Bank of Japan, Dai, Research, Reuters, BOJ, Norinchukin Research, Thomson Locations: Tokyo, TOKYO

☆ Thomson Reuters to buy digital content management company Imagen
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/3] The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Thomson Reuters (TRI.TO) will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League soccer and Major League Baseball. "Our belief is that our agency business needs to evolve to be a tech-enabled content delivery (business)," Reuters President Paul Bascobert said in an interview. On Monday, Thomson Reuters said it agreed to buy Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI, for $650 million.

Persons: Andrew Kelly, Imagen, Paul Bascobert, Bascobert, Thomson, Kenneth Li, Lisa Shumaker Organizations: Thomson Reuters, REUTERS, Premier League soccer, Major League Baseball, Reuters News, Reuters, Reuters Connect, BBC, USA, Thomson Locations: Square , New York, U.S, Britain, California, New York

"Those who destroyed our lads, who destroyed the lives of many tens of thousands of Russian soldiers, will be punished. He later said his men had been involved with clashes with regular army soldiers and had shot down a helicopter. The video showed him telling the generals: "We have arrived here, we want to receive the chief of the general staff and Shoigu. Army Lieutenant-General Vladimir Alekseyev - who was later to appear with Prigozhin in the video from Rostov-on-Don - issued a video appeal asking Prigozhin to reconsider his actions. An unverified video on a Telegram channel close to Wagner showed the purported scene of an air strike against Wagner forces.

Persons: Wagner, Yevgeny Prigozhin, Yulia Morozova, Moscow, Prigozhin, Putin, Vladimir Putin, Sergei Shoigu, Valery Gerasimov, Reuters Wagner, Shoigu, Dmitry Peskov, Sergei Sobyanin, Joe Biden, Putin's, Vladimir Alekseyev, Sergei Surovikin, Andrew Osborn, Kevin Liffey, Daniel Wallis, William Mallard Organizations: REUTERS, Russian Defence, General Staff, Reuters, Don, Southern Military District, Prigozhin, Wagner, Moscow, Russian Federation, PMC, Private Military Company, Russian Ministry of Defence, Defence Ministry, Thomson Locations: Russian, St Petersburg, Moscow, Russia, Rostov, Ukraine, Ukrainian, Voronezh, Bakhmut, Washington , U.S, European Russia

French President Emmanuel Macron held a 90-minute call with Iranian President Ebrahim Raisi on June 10. Thousands of supportive rallies have been held around the world since her death September, although the nationwide unrest has subsided after Iranian security police clamped down on it. ABORTIVE PLOTNunez's letter put the July 1 NCRI rally in the context of the abortive plot led by Vienna-based Iranian diplomat Assadolah Assadi in October 2018 and three others. "Partner countries have in this regard recently mentioned many planned violent attacks, potentially targeting Iranian opposition figures." The letter said there was also an elevated risk of conflict between the NCRI and rival Iranian opposition groups at the rally, although there had been no incidents at past rallies.

Persons: Gonzalo Fuentes, Ban, Emmanuel Macron, Ebrahim Raisi, Laurent Nunez, Shahin Gobadi, Assadolah Assadi, Assadi, Nunez, John Irish, Mark Heinrich Our Organizations: REUTERS, Paris, Reuters, Council of Resistance, People's Mujahideen Organisation of Iran, Foreign Affairs, Thomson Locations: Paris, France, Iran PARIS, Iran, Tehran, Islamic Republic, IRAN, United States, Israel, Vienna, Belgium, Europe, Iranian, Paris , Washington, Saudi, Riyadh

☆ NBA Suspends Ja Morant for 25 Games After Second Gun Video
▼ + stars: | 2023-06-16 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

Ja Morant was suspended for the first 25 games of the upcoming season. Photo: Petre Thomas/USA TODAY Sports via Reuters ConThe NBA suspended Memphis Grizzlies superstar Ja Morant for the first 25 games of the upcoming season, the league announced Friday, following his appearance in an Instagram Live video that showed him posing with what appeared to be a firearm for the second time in less than two months.

Persons: Ja Morant, Petre Thomas Organizations: Sports, Reuters Con, NBA, Memphis Grizzlies

☆ New Zealand national broadcaster launches review after stories altered
▼ + stars: | 2023-06-14 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

The broadcaster, which first revealed the issues last Friday, said its board decided an independent review was necessary. The panel would review editorial processes and "examine factors and warning signs, which led to international wire stories being subedited with inappropriate content," it said in a statement. Reuters supplied 21 of the altered stories and one came from Britain's BBC, RNZ's list of stories that have been corrected shows. The BBC did not immediately respond to a request for comment on RNZ's move to review its internal processes. The panel includes New Zealand media law expert Willy Akel, public law expert and former journalist Linda Clark and former director of editorial standards at the Australian Broadcasting Corporation, Alan Sunderland.

Persons: RNZ, Ukraine impartially, Jim Mather, Willy Akel, Linda Clark, Alan Sunderland, Clark, Lucy Craymer, Lincoln Organizations: Radio New Zealand, BBC, Reuters, Thomson, RNZ, New, Australian Broadcasting Corporation, Sunderland Locations: Ukraine, China, Taiwan, RNZ

☆ Ukraine reports small gains in early stages of counteroffensive
▼ + stars: | 2023-06-12 | by ( Tom Balmforth | ) www.reuters.com time to read: +5 min

It does not provide similar detail about fighting on the southern front where the main counteroffensive is expected. However, some prominent Russian military bloggers indicated that Ukrainian forces had taken Blahodatne and Neskuchne, although they said fighting for Makarivka was continuing. It is almost certainly far too early to draw conclusions about the fate of the counteroffensive from early skirmishes that may be more about testing Russian defences than pursuing a major advance. "When we see large, armoured formations join the assault, then I think we’ll know the main attack has really begun." But Yevgeny Prigozhin, the increasing recalcitrant and voluble leader of the Wagner militia, which captured Bakhmut from Ukrainian forces after almost a year of attritional fighting, said on Sunday he would refuse to sign.

Persons: Read, Makarivka, Ben Hodges, Vladimir Putin's, Ramzan Kadyrov, Akhmat, Yevgeny Prigozhin, Wagner, Bakhmut, Sergei Shoigu, Pavel Polityuk, Tom Balmforth, Anna Pruchnicka, Lidia Kelly, Kevin Liffey, Peter Graff Organizations: Ukrainian, Reuters, Brigade, Marines, Washington -, Defence Ministry, Thomson Locations: Ukrainian, Donetsk Region, Ukraine, KYIV, Kyiv, Storozheve, Azov, Crimea, Bakhmut, Avdiivka, Bilohorivka, Moscow, U.S, Europe, Washington, Russia, Chechnya, Caucasus, Maryinka, Gdansk, Melbourne

☆ Radio New Zealand investigates ‘inappropriate editing’ of Ukraine war stories
▼ + stars: | 2023-06-12 | by ( ) edition.cnn.com time to read: +3 min

Fourteen of the stories had been supplied by Reuters and one came from Britain’s BBC, the links to the stories show. RNZ said in a statement it was continuing a detailed audit and analysis of all stories that could have been inappropriately edited. “Reuters has addressed the issue with RNZ, which has initiated an investigation,” a spokesperson for Reuters said. The issue became public after changes were made to a June 8 Reuters story about the use of the word “war” in Russia. They have also accused Russia of using false allegations of suppression of ethnic Russians to justify pro-Moscow separatist groups declaring independence in eastern Ukraine.

Persons: RNZ, “, ”, Ukraine impartially, Willie Jackson, Paul Thompson, Viktor Yanukovich Organizations: New Zealand CNN, New, Radio New Zealand, Reuters, BBC, “ Reuters, Thomson, ”, European Union, United Nations, United Nations Human Rights Locations: Wellington, New Zealand, Ukraine, Russia, Crimea, Moscow, Ukraine’s, Russian

☆ China's Changan denies arbitrarily cutting payments to suppliers
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

BEIJING/SHANGHAI, June 7 (Reuters) - China's Chongqing Changan Automobile (000625.SZ), in a statement sent to Reuters on Wednesday, denied allegations reported in local media that it had arbitrarily cut payments to suppliers by 10%. The state-owned automaker said it was normal to negotiate prices regularly with suppliers due to changes in raw material costs, demand, and supply and product innovations. It also denied it had received a letter from suppliers complaining about cutting payments to them. One of the sources said the amount by which Changan was asking suppliers to reduce their prices varied, with some bigger suppliers asked to absorb cuts of less than 10%. Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Changan, Qiaoyi Li, Zhang Yan, Brenda Goh, Tom Hogue, Kim Coghill Organizations: Chongqing Changan Automobile, Reuters, Thomson Locations: BEIJING, SHANGHAI, Chongqing

[1/2] Ukrainian artillery fires towards the frontline during heavy fighting amid Russia's attack on Ukraine, near Bakhmut, Ukraine, April 13, 2023. Following Ukraine President Volodymyr Zelenskiy's visit to Japan during the Hiroshima G7 leaders summit last month, Kishida agreed to donate jeeps and trucks. Japan is one of dozens of friends and allies that Washington is asking to help arm Ukraine as it wrestles with stretched military supply chains. Reuters contacted 22 explosives makers listed on the Japan Explosives Industry Association's website. The only one that said it made industrial TNT was Chugoku Kayaku, an Hiroshima-based firm that supplies Japan's military.

Persons: Kai Pfaffenbach, Lloyd Austin, Washington, Fumio Kishida, Volodymyr Zelenskiy's, Kishida, Tsuneo Watanabe, Austin, Akihisa Nagashima, Tim Kelly, Nobuhiro Kubo, Yukiko Toyoda, Kaori Kaneko, Idrees Ali, David Crawshaw Organizations: REUTERS, TNT, Russian, Reuters, Panasonic, Defense, U.S, Japan's Ministry of Trade, Industry, Technology, Logistics Agency, U.S . State Department, Ukraine, TNT Washington, Japan Explosives Industry, Liberal Democratic Party, Thomson Locations: Ukraine, Bakhmut, TOKYO, United States, Japan, Washington, U.S, Tokyo, China, Taiwan, East Asia, Kyiv, Hiroshima, Sasakawa, South Korea, Chugoku, Japan's, Russia, Seoul

U.S. Treasury Secretary Janet Yellen previously warned lawmakers that a default in early June is "highly likely." Prices rose 1.2% month on month, above a forecast of 0.8%. "April 2022 saw energy prices increase by 47.5%. Thanks to the government's energy price guarantee, this energy surge has now dropped out of the year-on-year equation, leading the comparative inflation rate to naturally fall." The International Monetary Fund on Tuesday joined the Bank of England in saying that it no longer expects a U.K. recession this year.

Persons: Janet Yellen, Kevin McCarthy, Joe Biden, Jeremy Batstone, Carr Organizations: U.S, Treasury, Raymond James Investment Services, of England, Capital Economics, Monetary Fund, Tuesday, Bank of England Locations: European

☆ Target removing some Pride merchandise after anti-LGBTQ threats against staff
▼ + stars: | 2023-05-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Target on Wednesday said it was removing some products that celebrate Pride Month after the company and its employes became the focus of a “volatile” anti-LGBTQ campaign. Target said it removed from shelves “items that have been at the center of the most significant confrontational behavior.”For a decade, Target has celebrated Pride Month in and around June. “Pride Month at Target is a time of affirmation and solidarity with the LGBTQIA+ community,” the company says on its website. Some people have thrown Pride items on the floor, Target spokesperson Kayla Castaneda told Reuters. The products Target is withdrawing are being removed from all its US stores and from its website, Castaneda told Reuters.

Persons: Target, ” Target, Kayla Castaneda, Castaneda, Erik Carnell, “ I’m, transphobia, Eric Carnell, Bud Light, influencer Dylan Mulvaney, – Organizations: New, New York CNN, Target, Pride, Wall Street Journal, Reuters, Republican, ” Target, Anheuser, Busch, – Reuters Locations: New York

☆ Blackstone, Thomson Reuters consortium sells $3.4 bln LSEG shares at discount
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

May 17 (Reuters) - An investor consortium including U.S. buyout firm Blackstone (BX.N) and Thomson Reuters (TRI.TO) sold 33 million shares in the London Stock Exchange Group (LSEG.L) worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday. The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount of about 5% to LSEG's last closing price. Shares in LSEG fell as much as 5.1% at 8038 pence in early trading. The stock sale follows an earlier sale of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021. ($1 = 0.7923 pounds)Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

☆ Blackstone, Thomson Reuters consortium sells $3.4 bln LSEG shares in upsized offering
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: 1 min

☆ Blackstone, Thomson Reuters consortium looks to sell further $3 bln in LSEG shares
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

The accelerated stock offering, unveiled after the market close, includes some 28 million shares representing a voting interest of approximately 5.5% in the market infrastructure group. The news follows an earlier sale of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021. As of April 30, Thomson Reuters owned 47.4 million shares of LSEG, worth $5 billion, which it had indicated it would begin selling in tranches this year. It also follows the publication of LSEG's first-quarter earnings at the end of April, which showed an almost 14% jump in gross profit to 1.8 billion pounds ($2.27 billion) from a year ago. LSEG has separately committed to buy up to 750 billion pounds of shares from the consortium through a targeted buy-back programme expected to be completed by April 2024.

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