The chief executive of Thomson Reuters has claimed the media group will benefit from “more diversified revenue streams” as he outlined the merged company’s first results since the £8bn (€10.2bn) takeover of Reuters by the Thomson Corporation last month, with revenues up 12% to $3.2bn (€2bn) for the first quarter.

Tom Glocer, the chief executive of Thomson Reuters, said: “As an enlarged global business, Thomson Reuters will now also benefit from the value created by more diversified revenue streams, a larger capital base and synergies resulting from the combination of our businesses.”