The most common and most likely answer to this crossword clue is the 7 letter word TIC-TAC
I've seen this crossword clue in The Times
T
I
C
-
T
A
C
Buddy explains!

The straight part
We know that "Better information" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case better information = tic-tac.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does TIC-TAC mean?
TIC-TAC noun- A system of sign language used by bookmakers at racecourses to communicate odds and bets; an associated group of words for each sign