Thomson Financial, the financial news and information business owned by Thomson Corporation, has posted a 5% decline in revenues for the third quarter to $375m (€320.7m), although profits were up 8% to $107m.

Thomson, whose systems are billed as cheaper alternatives to Reuters and Bloomberg terminals, said prospects in the US had picked up and that revenue decline was slowing there. Orders for its Thomson One equity system, which competes most closely with Reuters and Bloomberg, were positive. However, European markets are still relatively soft, the company said.