HOME

TheInfoList



OR:

The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic
current affairs Current affairs may refer to: News * ''Current Affairs'' (magazine) a bimonthly magazine of culture and politics. * Current affairs (news format): a genre of broadcast journalism * Current Affairs, former name for Behind the News Politics * An ...
. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a "
Person of the Year __NOTOC__ Person of the Year or Man of the Year is an award given to an individual by any type of organization. Most often, it is given by a newspaper or other news outlet to annually recognize a public person. Such awards have typically been awa ...
" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sheridan, who, along with his brother and
Horatio Bottomley Horatio William Bottomley (23 March 1860 – 26 May 1933) was an English financier, journalist, editor, newspaper proprietor, swindler, and Member of Parliament. He is best known for his editorship of the popular magazine ''John Bull'', an ...
, sought to report on city business opposite the ''
Financial News ''Financial News'' is a financial newspaper and news website published in London. It is a weekly newspaper, published by eFinancial News Limited, covering the financial services sector through news, views and extensive people coverage. ''Fi ...
''. The succeeding half-century of competition between the two papers eventually culminated in a 1945 merger, led by Brendan Bracken, which established it as one of the largest business newspapers in the world. Globalisation from the late 19th to mid-20th centuries facilitated editorial expansion for the ''FT'', with the paper adding opinion columns, special reports, political cartoons,
readers' letters A letter to the editor (LTE) is a letter sent to a publication about an issue of concern to the reader. Usually, such letters are intended for publication. In many publications, letters to the editor may be sent either through conventional mail ...
, book reviews, technology articles and global politics features. The paper is often characterised by its light-pink (salmon) newsprint. It is supplemented by its lifestyle magazine (''
FT Magazine ''FT Magazine'' is a supplement to the weekend edition of the '' Financial Times'' newspaper. History and profile ''FT Magazine'' was founded in 2003. John Lloyd was the first editor of the magazine. It is published on Saturdays and covers world ...
)'', weekend edition (''
FT Weekend The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikk ...
'') and some industry publications. The editorial stance of the ''Financial Times'' centres on economic liberalism, particularly free trade and free markets. Since its founding it has supported liberal democracy, favouring classically liberal politics and policies from international governments; its newsroom is independent from its editorial board, and it is considered a newspaper of record. Due to its history of economic commentary, the ''FT'' publishes a variety of financial indices, primarily the FTSE All-Share Index. Since the late 20th century, its typical depth of coverage has linked the paper with a white-collar, educated, and financially literate readership. Because of this tendency, the ''FT'' has traditionally been regarded as a
centre Center or centre may refer to: Mathematics *Center (geometry), the middle of an object * Center (algebra), used in various contexts ** Center (group theory) ** Center (ring theory) * Graph center, the set of all vertices of minimum eccentricity ...
to centre-right liberal, neoliberal, and conservative-liberal newspaper. The ''Financial Times'' is headquartered in Bracken House at 1 Friday Street, near the city's financial centre, where it maintains its publishing house, corporate centre, and main editorial office.


History

The ''FT'' was launched as the ''London Financial Guide'' on 10 January 1888, renaming itself the ''Financial Times'' on 13 February the same year. Describing itself as the friend of "The Honest Financier, the Bona Fide Investor, the Respectable Broker, the Genuine Director, and the Legitimate Speculator", it was a four-page journal. The readership was the financial community of the
City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...
, its only rival being the more daring and slightly older (founded in 1884) ''Financial News''. On 2 January 1893 the ''FT'' began printing on light pink paper to distinguish it from the similarly named ''Financial News'': at the time it was also cheaper to print on unbleached paper (several other more general newspapers, such as '' The Sporting Times'', had the same policy), but nowadays it is more expensive as the paper has to be dyed specially. After 57 years of rivalry the ''Financial Times'' and the ''Financial News'' were merged in 1945 by Brendan Bracken to form a single six-page newspaper. The ''Financial Times'' brought a higher circulation while the ''Financial News'' provided much of the editorial talent. The ''Lex'' column was also introduced from ''Financial News''.
Gordon Newton Sir Leslie Gordon Newton (16 September 1907 – 31 August 1998) was an English journalist and editor of the ''Financial Times'' for 22 years, from 1950 until 1972. He is generally considered to be one of the most successful British newspaper ed ...
, a Cambridge graduate, took over as Editor in 1949, and immediately introduced a policy (then most unusual in Fleet Street) of direct recruitment of new university graduates, mainly from Oxbridge, as its trainee journalists. Many of them proceeded to have distinguished careers elsewhere in journalism and British public life, and became the mainstay of the paper's own editorial strengths until the 1990s. The first such 'direct recruit' was (the future leading British economist) Andrew Shonfield; the second was (later Sir) William Rees-Mogg who went on, via '' The Sunday Times'', to edit ''
The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' ( ...
'' in 1967 following its acquisition by Roy Thomson. Other FT Oxbridge recruits included the future Chancellor of the Exchequer
Nigel Lawson Nigel Lawson, Baron Lawson of Blaby, (born 11 March 1932) is a British Conservative Party politician and journalist. He was a Member of Parliament representing the constituency of Blaby from 1974 to 1992, and served in the cabinet of Margar ...
. The FT's distinctive recruitment policy for Fleet Street journalists was never popular with the National Union of Journalists and ceased in 1966 following the recruitment of Richard Lambert from Oxford, himself a future Editor of the FT. Meanwhile, Pearson had bought the paper in 1957. Over the years the paper grew in size, readership and breadth of coverage. It established correspondents in cities around the world, reflecting a renewed impetus in the world economy towards globalisation. As cross-border trade and capital flows increased during the 1970s, the ''FT'' began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first ''FT'' (Continental Europe edition) was printed outside the UK, in Frankfurt; printing in the U.S. began in July 1985. Since then, with increased international coverage, the ''FT'' has become a global newspaper, printed in 22 locations with five international editions to serve the UK, continental Europe, the U.S., Asia and the Middle East. The European edition is distributed in continental Europe and Africa. It is printed Monday to Saturday at five centres across Europe, reporting on matters concerning the European Union, the euro and European corporate affairs. In 1994 ''FT'' launched a luxury lifestyle magazine, ''How To Spend It''. In 2009 it launched a standalone website for the magazine. On 13 May 1995 the ''Financial Times'' group made its first foray into the online world with the launch of FT.com. This provided a summary of news from around the globe, which was supplemented in February 1996 with stock price coverage. The second-generation site was launched in spring 1996. The site was funded by advertising and contributed to the online advertising market in the UK in the late 1990s. Between 1997 and 2000 the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to changes online. ''FT'' introduced subscription services in 2002. FT.com is one of the few UK news sites successfully funded by individual subscription. In 1997 the ''FT'' launched a U.S. edition, printed in New York, Chicago, Los Angeles, San Francisco, Dallas, Atlanta, Orlando and Washington, D.C., although the newspaper was first printed outside New York City in 1985. In September 1998 the ''FT'' became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the ''Financial Times'' started publishing a German-language edition, ''
Financial Times Deutschland The ''Financial Times Deutschland'' was a German-language financial newspaper based in Hamburg, Germany, published by Bertelsmann's Gruner + Jahr newspaper and magazine division. The daily contained four sections: Business, Politics & Economy, F ...
'', with a news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. It was originally a joint venture with a German publishing firm, Gruner + Jahr. In January 2008 the ''FT'' sold its 50% stake to its German partner. ''FT Deutschland'' never made a profit and is said to have accumulated losses of €250 million over 12 years. It closed on 7 December 2012. The ''Financial Times'' launched a new weekly supplement for the fund management industry on 4 February 2002. ''FT fund management'' (FTfm) was and still is distributed with the paper every Monday. FTfm is the world's largest-circulation fund management title. Since 2005 the ''FT'' has sponsored the annual ''Financial Times'' and Goldman Sachs Business Book of the Year Award. On 23 April 2007 the ''FT'' unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times". In 2007 the ''FT'' pioneered a metered paywall, which let visitors to its website read a limited number of free articles during any one month before asking them to pay. Four years later the ''FT'' launched its HTML5 mobile internet app. Smartphones and tablets now drive 12% of subscriptions and 19% of traffic to FT.com. In 2012 the number of digital subscribers surpassed the circulation of the newspaper for the first time and the ''FT'' drew almost half of its revenue from subscriptions rather than advertising. The ''FT'' has been available on Bloomberg Terminal since 2010 and on the Wisers platform since 2013. From 2015, instead of the metered paywall on the website, visitors were given unlimited free access for one month, after which they needed to subscribe. Pearson sold the Financial Times Group to
Nikkei, Inc. Nikkei, Inc. is a Japanese media company which owns ''The Nikkei'' and the ''Financial Times''. Its first publication was in 1876 with the publication of ''The Chugai Bukka Shimpo (Domestic and Foreign Prices News)''. In 1946, the company name wa ...
for £844 million ( US$1.32 billion) in July 2015. In 2016, the ''Financial Times'' acquired a controlling stake in Alpha Grid, a London-based media company specialising in the development and production of quality branded content across a range of channels, including broadcast, video, digital, social and events. In 2018, the ''Financial Times'' acquired a controlling stake in Longitude, a specialist provider of
thought leadership A thought leader has been described as an individual or firm recognized as an authority in a specific field and also as business jargon. Meanings Go-to expert From the perspective of a thought leader as the 'go-to expert', being a thought leader ...
and research services to a multinational corporate and institutional client base. This investment built on the ''Financial Times'' recent growth in several business areas, including branded content via the acquisition of Alpha Grid, and conferences and events through ''Financial Times Live'' and extends the ''FT'' traditional commercial offering into a wider set of integrated services. In 2020, reporter Mark Di Stefano resigned from the ''Financial Times'' after hacking into Zoom calls at other media organisations including '' The Independent'' and the '' Evening Standard''. In 2020, the retraction of an opinion piece by a reporter for the ''Financial Times'' generated a controversy about the editorial independence of the paper from outside political pressure. The controversy followed the withdrawal by the newspaper's editor of an opinion piece by ''FT'' Brussels correspondent Mehreen Khan that was critical of French President Emmanuel Macron's policy towards Muslim minorities in France. The piece was withdrawn from the ''FT'' website on the same day as its publication. President Macron subsequently published a letter in the ''FT'' directly responding to the arguments of the original opinion piece, even if it the original opinion piece was no longer available on the website of the newspaper. The editor of the ''FT''
Roula Khalaf Roula Khalaf ( ar, رولا خلف) is a British-Lebanese journalist who is the editor of the ''Financial Times'', having been its deputy editor and foreign editor. She succeeded Lionel Barber as editor on 20 January 2020. Early life Khalaf was ...
who took the decision to withdraw the initial article, acknowledged having been contacted by the Élysée regarding the article and defended her decision on the basis purely of several factual errors in the original piece by Mehreen Khan.


Wirecard exposé

In January 2019, the ''FT'' began a series of investigative articles detailing fraud suspicions at German payments group Wirecard. When the Wirecard share price plunged, German news media speculated that market manipulation was behind this attack on a German corporate, focusing on the lead author of the ''FT'' series, Dan McCrum. The Public prosecutor's office in
Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and ...
subsequently launched an investigation. After the formal complaint of an investor, Wirecard and the German Federal Financial Supervisory Authority (BaFin), the responsible state's attorney announced investigations into several ''FT'' journalists. On 22 June 2020 and after 18 months of investigations and an external audit, Wirecard announced that €1.9 billion worth of cash reported in its accounts "may not exist". The company subsequently filed for
insolvency In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-shee ...
. BaFin itself became subject of a European Securities and Markets Authority investigation for its response to the scandal.


Audience

According to the Global Capital Markets Survey, which measures readership habits amongst most senior financial decision makers in the world's largest financial institutions, the ''Financial Times'' is considered the most important business read, reaching 36% of the sample population, 11% more than ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' (''WSJ''), its main rival. '' The Economist'', which was once 50% owned by ''FT'', reaches 32%. ''FT'' '' The Banker'' also proved vital reading, reaching 24%. In addition ''FT'' was regarded as the most credible publication in reporting financial and economic issues among the Worldwide Professional Investment Community audience. ''The Economist'' was also rated the third most credible title by most influential professional investors, while the ''WSJ'' was second.


Content

The ''FT'' is split into two sections. The first section covers domestic and international news, editorial commentary on politics and economics from ''FT'' journalists such as
Martin Wolf Martin Harry Wolf (born 16 August 1946 in London) is a British journalist of Austrian-Dutch descent who focuses on economics. He is the associate editor and chief economics commentator at the '' Financial Times''. Early life Wolf was born ...
,
Gillian Tett Gillian Tett (born 10 July 1967) is a British author and journalist at the '' Financial Times'', where she is chair of the editorial board and editor-at-large, US. She has written about the financial instruments that were part of the cause of th ...
and
Edward Luce Edward Geoffrey Luce (born 1 June 1968) is an English journalist and the ''Financial Times'' chief US commentator and columnist based in Washington, D.C. Early life and education Luce is the son of Rose Helen (née Nicholson) and Richard Luc ...
, and opinion pieces from globally renowned leaders, policymakers, academics and commentators. The second section consists of financial data and news about companies and markets. Despite being generally regarded as primarily a financial newspaper, it does also contain TV listings, weather and other more informal articles. In 2021 and 2022, the outlet began focusing more on the cryptocurrency industry, launching a Digital Assets Dashboard, publishing multi-asset crypto indexes, starting a Cryptofinance newsletter dedicated to digital assets, and recruiting more journalists to cover the sector. About 110 of its 475 journalists are outside the United Kingdom.


The ''Lex'' column

The ''Lex'' column is a daily feature on the back page of the first section. It features analyses and opinions covering global economics and finance. The ''FT'' calls ''Lex'' its agenda-setting column. The column first appeared on Monday, 1 October 1945. The name may originally have stood for ''Lex Mercatoria'', a Latin expression meaning literally "merchant law". It was conceived by Hargreaves Parkinson for the ''Financial News'' in the 1930s and moved to the ''Financial Times'' when the two merged. ''Lex'' boasts some distinguished alumni who have gone on to make careers in business and government—including
Nigel Lawson Nigel Lawson, Baron Lawson of Blaby, (born 11 March 1932) is a British Conservative Party politician and journalist. He was a Member of Parliament representing the constituency of Blaby from 1974 to 1992, and served in the cabinet of Margar ...
(former Conservative Chancellor of the Exchequer), Richard Lambert ( CBI director and former member of the Bank of England's monetary policy committee), Martin Taylor (former chief executive of Barclays), John Makinson (chairman and chief executive of Penguin), John Gardiner (former chairman of Tesco), David Freud (former
UBS UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swi ...
banker and Labour adviser, now a Conservative peer), John Kingman (former head of UKFI and a banker at Rothschild's), George Graham ( RBS banker), Andrew Balls (head of European portfolio management at PIMCO) and Jo Johnson (former Conservative Member of Parliament for Orpington).


''FT Weekend''

The ''FT'' publishes a Saturday edition of the newspaper called the ''Financial Times Weekend''. It consists of international economic and political news, ''Companies & Markets'', ''Life & Arts'', ''House & Home'' and ''
FT Magazine ''FT Magazine'' is a supplement to the weekend edition of the '' Financial Times'' newspaper. History and profile ''FT Magazine'' was founded in 2003. John Lloyd was the first editor of the magazine. It is published on Saturdays and covers world ...
''.


''How to Spend It''

''How to Spend It'' (''HTSI'') is a weekly magazine published with ''FT Weekend''. Founded and launched by Julia Carrick with Lucia van der Post as founding editor, its articles concern luxury goods such as yachts, mansions, apartments,
horlogerie (meaning "watchmaking manufacturer") is a French language term of horology that has also been adopted in the English language as a loanword. In horology, the term is usually encountered in its abbreviated form ''manufacture''. This term is used ...
, haute couture and automobiles, as well as fashion and columns by individuals in the arts, gardening, food, and hotel and travel industries. ''How to Spend It'' started in 1967 as a one-page consumer goods feature in the newspaper, which was edited by Sheila Black, a former actor and ''FT'' first female journalist. To celebrate its 15th anniversary, ''FT'' launched the online version of this publication on 3 October 2009. Some media commentators were taken aback by the online launch of a website supporting conspicuous consumption during the financial austerity of the late-2000s recession. The magazine has been derided in rival publishers' blogs, as "repellent" in the ''Telegraph'' and "a latter-day '' Ab Fab'' manual" in the ''Guardian''. A 'well-thumbed' copy of the supplement was found when rebel forces broke into
Colonel Gaddafi Muammar Muhammad Abu Minyar al-Gaddafi, . Due to the lack of standardization of transcribing written and regionally pronounced Arabic, Gaddafi's name has been romanized in various ways. A 1986 column by ''The Straight Dope'' lists 32 spellin ...
's Tripoli compound during the 2011 Libyan Civil War. In September 2021 Arabic version of ''HTSI'' was launched by Othman Al Omeir, founder of '' Elaph'' online newspaper. ''HTSI Arabic'' is published in London.


Editorial stance

The ''FT'' advocates free markets and is in favour of globalisation. During the 1980s, it supported Margaret Thatcher and Ronald Reagan's monetarist policies. It has supported the UK Labour Party in the past, including at the general election in 1992 when Neil Kinnock was Labour leader. The ''FT'' editorials tend to be pro-European. The ''FT'' was firmly opposed to the Iraq War. In the 2010 United Kingdom general election, the ''FT'' was receptive to the Liberal Democrats' positions on civil liberties and political reform, and praised the then Labour Party leader Gordon Brown for his response to the global financial crisis of 2007–2008, but on balance it backed the Conservatives, while questioning their tendency to Euroscepticism. In the 2015 United Kingdom general election, the ''FT'' called for the continuation of the Conservative-Liberal Democrat coalition that had governed for the previous five years. In the 2017 United Kingdom general election, a ''Financial Times'' editorial reluctantly backed Conservative
Theresa May Theresa Mary May, Lady May (; née Brasier; born 1 October 1956) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served in David Cameron's cab ...
over Labour
Jeremy Corbyn Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition and Leader of the Labour Party from 2015 to 2020. On the political left of the Labour Party, Corbyn describes himself as a socialis ...
, while warning about her stance on immigration and the Eurosceptic elements in her party. The modern ''FT'' is a product of a merger of two smaller newspapers in 1945; since that time, the paper had backed the Conservatives fairly consistently, but Labour's tacking to the centre, combined with the Conservatives' embracement of Euroscepticism, led the ''FT'' to reverse course and back Labour from 1992 until 2010, when the ''FT'' returned to the Conservative party. Euroscepticism further drove a wedge between the ''FT'' and the Conservatives in 2019, when the paper refused to make an endorsement, appalled at Labour's socialist economic policies (for wanting to "reverse, not revise, the Thatcherite revolution of the 1980s") and the Conservatives commitment to a hard Brexit.


United States politics

In the 2008 United States presidential election, the ''Financial Times'' endorsed
Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first Af ...
. While it raised concerns over hints of protectionism, it praised his ability to "engage the country's attention", his calls for a bipartisan politics, and his plans for " comprehensive health-care reform". The ''FT'' favoured Obama again in the 2012 United States presidential election. The ''FT'' endorsed Democratic candidate Hillary Clinton in the run-up for the 2016 United States presidential election and Joe Biden in the 2020 United States presidential election.


Ownership and related publications

On 23 July 2015,
Nikkei, Inc. Nikkei, Inc. is a Japanese media company which owns ''The Nikkei'' and the ''Financial Times''. Its first publication was in 1876 with the publication of ''The Chugai Bukka Shimpo (Domestic and Foreign Prices News)''. In 1946, the company name wa ...
agreed to buy the Financial Times Group, a division of Pearson plc since 1957, for £844m (US$1.32 billion) and the acquisition was completed on 30 November 2015. Under the transaction agreement, Pearson retained the publishing rights to FT Press and licensed the trademark from Nikkei. Until August 2015 the FT group had a 50% shareholding in '' The Economist'', which was sold to the Agnelli family for £469 million. Related publications include the ''Financial Times'', FT.com, FT Search Inc., the publishing imprint FT Press and numerous joint ventures. In November 2013 it agreed to sell
Mergermarket Acuris is a financial news and data firm known for its products fixed income research provider Debtwire and Mergermarket, a specialist in M&A intelligence. It is owned by ION Investment Group, a financial software and data business which owns F ...
, an online intelligence reporting business, to the London private equity investor BC Partners. In addition, the FT Group has a unit called FT Specialist, which is a provider of specialist information on retail, personal and institutional finance segments. It publishes '' The Banker'', '' Money Management'' and ''Financial Adviser'' (a publication targeted at professional advisers), ''fDi Intelligence'' and ''Professional Wealth Management'' (PWM). The Financial Times Group announced the beta launch of newssift, part of FT Search, in March 2009. Newssift.com is a next-generation search tool for business professionals that indexes millions of articles from thousands of global business news sources, not just the FT. The Financial Times Group acquired Money Media (an online news and commentary site for the industry) and Exec-Appointments (an online recruitment specialist site for the executive jobs market). The FT Group once had a 13.85% stake in Business Standard Ltd of India, the publisher of the '' Business Standard''. It sold this stake in April 2008 and has entered into an agreement with Network 18 to launch the ''Financial Times'' in India, though it is speculated that they may find it difficult to do so, as the brand 'Financial Times' in India is owned by
The Times Group Bennett, Coleman and Company Limited, (abbreviated as B.C.C.L. and d/b/a The Times Group), is an Indian media conglomerate headquartered in Mumbai, Maharashtra. The company remains a family-owned business with Sahu Jain family owning a major ...
, the publisher of ''
The Times of India ''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the third-largest newspaper in India by circulation and largest s ...
'' and '' The Economic Times''. The group also publishes
America's Intelligence Wire The America's Intelligence Wire is a daily general newswire service. The news service is owned and published by Financial Times, Ltd, which also operates companion newswire Europe Intelligence Wire. See also * Business and Company Resource Cen ...
, a daily general newswire service. The ''Financial Times Financial Publishing division (formerly FT Business) provides print and online content for retail, personal and institutional finance audiences. Examples of publications and services include: ''
Investors Chronicle The ''Investors Chronicle'' is a weekly magazine in the United Kingdom for private investors and is published by the '' Financial Times'' Group. The magazine publishes articles about global markets and sectors, and news on corporate actions such ...
'', a personal finance magazine and website; "FT Money", a weekly personal finance supplement in "FT Weekend"; ''FT Wealth'', a magazine for the global high-net-worth community and FTfm, a weekly review of the global fund management industry, '' Money Management'' and ''Financial Adviser'' (a publication targeted at professional advisers). The institutional segment includes: '' The Banker'', ''
This Is Africa ''This Is Africa'' is an English-language bi-monthly business publication owned by ''The Financial Times'' Ltd and edited in London. It examines African business and politics in a global context and seeks to make sense of the relationships that Afr ...
'', '' fDi'' ''Intelligence'' and ''Professional Wealth Management'' (PWM). Money-Media, a separate arm of Financial Publishing, delivers a range of digital information services for fund management professionals around the globe, including: Ignites, Ignites Europe, Ignites Asia, FundFire and BoardIQ. Financial Publishing includes publications ('' Pensions Expert'' and ''Deutsche Pensions & Investmentnachrichten'') and events (''Investment Expert'') for the European pensions industry. The group also publishes MandateWire, a financial information company that provides sales and market intelligence for investment professionals in North America, Europe and Asia. FT Knowledge is an associated company which offers educational products and services. FT Knowledge has offered the "Introducing the City" course (which is a series of Wednesday night lectures and seminars, as well as weekend events) during each autumn and spring since 2000. FT Predict is a prediction market contest hosted by the ''Financial Times'' that allows users to buy and sell contracts based on future financial, political and news-driven events by spending fictional Financial Times Dollars (FT$). Based on the assumptions displayed in James Surowiecki's '' The Wisdom of Crowds'', this contest allows people to use prediction markets to observe future occurrences while competing for weekly and monthly prizes. The ''Financial Times'' also ran a business-related game called "In the Pink" (a phrase meaning "in good health", also a reference to the colour of the newspaper and to the phrase "in the red" meaning to be making a loss). Each player was put in the virtual role of Chief Executive and the goal was to have the highest profit when the game closes. The winner of the game (the player who makes the highest profit) was to receive a real monetary prize of £10,000. The game ran from 1 May to 28 June 2006.


Indices

The ''Financial Times'' collates and publishes a number of financial market indices, which reflect the changing value of their constituent parts. The longest-running of these was the former ''Financial News Index'', started on 1 July 1935 by the ''Financial News''. The ''FT'' published a similar index; this was replaced by the ''Financial News Index''—which was then renamed the ''Financial Times (FT) Index''—on 1 January 1947. The index started as an index of industrial shares, and companies with dominant overseas interests were excluded, such as the Anglo-Iranian Oil Company (later BP), British-American Tobacco,
Lever Brothers Lever Brothers was a British manufacturing company founded in 1885 by two brothers: William Hesketh Lever, 1st Viscount Leverhulme (1851–1925), and James Darcy Lever (1854–1916). They invested in and successfully promoted a new soap-making p ...
(later Unilever) and Shell. The oil and financial sectors were included decades later.''The Stock Market'', John Littlewood. The FTSE All-Share Index, the first of the FTSE series of indices, was created in 1962, comprising the largest 594 UK companies by market capitalisation. The letters F-T-S-E represented that FTSE was a joint venture between the ''Financial Times'' (F-T) and the London Stock Exchange (S-E). On 13 February 1984 the
FTSE 100 The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest marke ...
was introduced, representing about eighty per cent of the London Stock Exchange's value. In 1995 FTSE Group was made an independent company. The first of several overseas offices was opened in New York City in 1999; Paris followed in early 2000, Hong Kong,
Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...
and San Francisco in 2001,
Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...
in 2002 and Tokyo in 2003. Other well-known FTSE indices include the FTSE 350 Index, the FTSE SmallCap Index, the FTSE AIM UK 50 Index and
FTSE AIM 100 Index The FTSE AIM UK 100 Index was introduced on 16 May 2005, and is a market-capitalisation-weighted stock market index. The index incorporates the largest 100 companies (by capitalisation) which have their primary listing on the Alternative Investmen ...
as well as the
FTSE AIM All-Share Index The FTSE AIM All-Share Index was revised from the previous FTSE AIM Index on 16 May 2005, and is a stock market index consisting of all companies quoted on the Alternative Investment Market which meet the requirements for liquidity and free float ...
for stocks, and the FTSE UK Gilt Indices for government bonds. In 2021, the ''Financial Times'' started publishing three multi-asset indexes with
Wilshire Associates Wilshire Associates, Inc. is an American independent investment management firm that offers consulting services and analytical products and manages fund of funds investment vehicles for a global client base. Wilshire manages capital for more tha ...
covering combinations of the top five cryptocurrencies.


People

In July 2006, the ''FT'' announced a "New Newsroom" project to integrate the newspaper more closely with FT.com. At the same time it announced plans to cut the editorial staff from 525 to 475. In August 2006 it announced that all the required job cuts had been achieved through voluntary layoffs. A number of former ''FT'' journalists have gone on to high-profile jobs in journalism, politics and business. Robert Thomson, previously the paper's US managing editor, was the editor of ''
The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' ( ...
'' and is now the chief executive of News Corporation. Will Lewis, a former New York correspondent and News Editor for the ''FT'', edited the '' Daily Telegraph'' and the '' Wall Street Journal''. Dominic Lawson went on to become editor of the '' Sunday Telegraph'' until he was sacked in 2005.
Andrew Adonis Andrew Adonis, Baron Adonis, (born Andreas Adonis; 22 February 1963) is a British Labour Party politician and journalist who served in HM Government for five years in the Blair ministry and the Brown ministry. He served as Secretary of State ...
, a former education correspondent, became an adviser on education to the then British Prime Minister, Tony Blair, and was given a job as an education minister and a seat in the House of Lords after the 2005 election. Ed Balls became chief economic adviser to the Treasury, working closely with Gordon Brown, the chancellor of the exchequer (or finance minister), before being elected a Member of Parliament in 2005, and became
Secretary of State for Children, Schools and Families The Secretary of State for Children, Schools and Families was a secretary of state in the Government of the United Kingdom, responsible for the work of the Department for Children, Schools and Families. The post was created on 28 June 2007 aft ...
in July 2007. Bernard Gray, a former defence correspondent and Lex columnist, was chief executive of the publishing company CMP before becoming chief executive of TSL Education, publisher of the '' Times Educational Supplement''. David Jones, at one time the FT Night Editor, then became Head of IT. He was a key figure in the newspaper's transformation from hot metal to electronic composition and then onto full-page pagination in the 1990s. He went on to become Head of Technology for the Trinity Mirror Group. Sir Geoffrey Owen was the editor of the ''Financial Times'' from 1981 to 1990. He joined the Centre for Economic Performance (CEP) at the London School of Economics as Director of Business Policy in 1991 and was appointed Senior Fellow, Institute of Management, in 1997. He continues his work there. During his tenure at the FT he had to deal with rapid technological change and issues related to it, for example repetitive strain injury (RSI), which affected dozens of FT journalists, reporters and staff in the late 1980s.


Editors

:1889: Douglas MacRae :1890: William Ramage Lawson :1892: Sydney Murray :1896: A. E. Murray :1909: C. H. Palmer :1924: D. S. T. Hunter :1937:
Archibald Chisholm Archibald Hugh Tennent Chisholm, (August 17, 1902November 22, 1992) was a British oil executive and journalist who was editor of ''The Financial Times'' between 1937 and 1940. Early life Chisholm was born in 1902, his father was Hugh Chisholm, t ...
:1940: Albert George Cole :1945: Hargreaves Parkinson :1949: Sir Gordon Newton :1973: Fredy Fisher :1981: Sir Geoffrey Owen :1991: Richard Lambert :2001: Andrew Gowers :2006: Lionel Barber :2020:
Roula Khalaf Roula Khalaf ( ar, رولا خلف) is a British-Lebanese journalist who is the editor of the ''Financial Times'', having been its deputy editor and foreign editor. She succeeded Lionel Barber as editor on 20 January 2020. Early life Khalaf was ...


See also

* Business journalism * ''Financial Times'' Business Book of the Year Award * Financial Times Person of the Year * List of newspapers in the United Kingdom * TNW (website) * Periodical literature


Notes


References


External links

* {{authority control Financial services companies established in 1888 1888 establishments in England 1957 mergers and acquisitions 2015 mergers and acquisitions Business newspapers Business newspapers published in the United Kingdom Centre-right newspapers Centrist newspapers Conservative liberalism Daily newspapers published in the United Kingdom Economy of the United Kingdom International newspapers Liberal media in the United Kingdom National newspapers published in the United Kingdom Neoliberalism Nikkei Inc. Pearson plc Podcasting companies Publications established in 1888