Thomson Financial, the US-based rival of Reuters and Bloomberg, saw revenues increase 11% to $416m (€345.3m) in the second quarter of this year amid improved conditions in its core markets.

Earnings before interest, tax, depreciation and amortisation were up 10% to $111m buoyed by a $14m insurance claim relating to September 11, 2001, and by acquisitions. These gains were offset by technology and product investments in the three months to June 2004.