The patriarch of Canada's wealthiest family controls a media and technology giant (Thomson Reuters), as well as large holdings in telecommunications (BCE) and commodity research (IHS) through the family investment arm, Woodbridge. Thomson has made large investments in Canadian real estate, and owns a spectrum of art genres and a stake in an NHL team.
Thomson Reuters Corp., the provider of financial news and information, reported profit that beat analysts’ estimates after subscription revenue helped make up for a decrease in sales from trading transactions.
BP Plc, ConocoPhillips and Statoil ASA are among oil explorers investing at least $3 billion in wells off Angola next year in the country’s biggest deepwater drilling campaign, Wood Mackenzie Ltd. said.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Angola, Africa’s second-biggest oil producer, probably won’t reach an output target of 2 million barrels a day next year because new projects will be too late to boost declining flows, Wood Mackenzie Ltd. said.
Geoff Beattie, former deputy chairman of news and information provider Thomson Reuters Corp., has been named chairman of Relay Ventures to scout new investment opportunities for the Canadian venture capital fund.