Thomson buys RAW for data use

Canadian financial data provider Thomson Financial has bought European webcaster RAW Communications for an undisclosed sum.

The deal gives Thomson access to RAW’s clients, which include around half of the FTSE 100 index.

Thomson’s own European client base has been dominated more by institutional clients, such as brokers and banks, through the webcasting portal Thomson StreetEvents and broker research site Thomson First Call.

RAW webcasts corporate events such as company results and films meetings between firms and analysts. Last year, RAW had a turnover of around £3.5m.

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