Updating THOMSON REUTERS INC., CANADA BREAD CO. LTD. and LOBLAW COMPANIES LTD.

Article Excerpt

THOMSON REUTERS INC. $38 continues to see weak demand from its clients in the finance sector. But sales of information products to other professionals, such as lawyers and doctors, continue to rise. Still, the company’s overall revenue fell 1.8% in the three months ended June 30, 2010, to $3.2 billion from $3.3 billion a year earlier (all amounts except share price in U.S. dollars). The company is also spending more on developing new products. That’s partly why its earnings per share fell 19.0%, to $0.47 from $0.58. Hold. CANADA BREAD CO. LTD. $44 earned $0.84 a share in the three months ended June 30, 2010. That’s down 5.6% from $0.89 a year earlier. Sales fell 7.8%, to $402.1 million from $435.9 million. The higher Canadian dollar hurt the contribution of the company’s bakery operations in the U.S. and U.K. Canada Bread also increased its advertising spending to promote new products. Hold. LOBLAW COMPANIES LTD. $43 will close its distribution centre in Halifax…

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