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91-692: The Financial Times ( FT ) is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs . Based in London , 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. In 2023, it

182-569: A European Securities and Markets Authority investigation for its response to the scandal. An investigation by the Intercept , the Nation , and DeSmog found that FT is one of the leading media outlets that publishes advertising for the fossil fuel industry. Journalists who cover climate change for FT are concerned that conflicts of interest with the companies and industries that caused climate change and obstructed action will reduce

273-709: A hard Brexit . In respect of the Russian invasion of Ukraine , FT commentator Martin Wolf expressed support for Ukraine. Two years before the invasion of Ukraine by Russia , the FT offered an interview to the Russian President Vladimir Putin . The interview received praise, as it offered an unusual access to the Russian leader's thinking. President Putin used the interview to state his opinions about

364-430: 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,

455-697: 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 , an online intelligence reporting business, to the London private equity investor BC Partners. In addition, the FT Group has

546-615: 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 ). The FT publishes a Saturday edition of the newspaper titled the Financial Times Weekend . It consists of international economic and political news, Companies & Markets , Life & Arts , House & Home and FT Magazine . HTSI (originally How to Spend It )

637-829: A German corporate, focusing on the lead author of the FT series, Dan McCrum . The Public prosecutor's office in Munich 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 . BaFin itself became subject of

728-533: 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. In 2019,

819-541: 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

910-467: 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

1001-414: A folded page. Many rate cards and specification cards refer to the "broadsheet size" with dimensions representing the front page "half of a broadsheet" size, rather than the full, unfolded broadsheet spread. Some quote actual page size and others quote the "printed area" size. The two versions of the broadsheet are: The broadsheet, broadside , was used as a format for musical and popular prints in

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1092-494: 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 ' s 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

1183-403: 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)

1274-500: 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

1365-495: 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 , sought to report on city business opposite the Financial News . 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

1456-526: A nature of friendly rivalry. It was a financially successful venture. Marks noted the company on the stock market in March 1898, with the understanding that he would continue as editor. Its success continued, and at the ordinary general meeting in January 1911, the company announced a dividend and bonus amounting to 35% on ordinary shares. The announcement brought cheers. The paper was among those that exposed

1547-400: A one-page consumer goods feature in the newspaper, which was edited by Sheila Black, the FT 's first female journalist, a former actor. 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

1638-671: A paper size of A1 per spread (841 by 594 mm or 33.1 by 23.4 in). South African broadsheet newspapers have a double-page spread sheet size of 820 by 578 mm (32.3 by 22.8 in) (single-page live print area of 380 x 545 mm). Others measure 22 in (560 mm) vertically. In the United States , the traditional dimensions for the front page half of a broadsheet are 12 in (305 mm) wide by 22.75 in (578 mm) long. However, in efforts to save newsprint costs, many U.S. newspapers have downsized to 11 in (279 mm) wide by 21 in (533 mm) long for

1729-429: 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 FT Adviser . The institutional segment includes: The Banker , This Is Africa , fDi Intelligence and Professional Wealth Management (PWM). Money-Media,

1820-461: 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 's Brussels correspondent Mehreen Khan that was critical of French President Emmanuel Macron 's policy towards Muslim minorities in France. The piece was withdrawn from

1911-672: A rival when the Financial Times , published by Horatio Bottomley , appeared in 1888. The two papers frequently attacked each other's advertisers, and criticised the investment schemes the other promoted, until a truce was worked out after a bad-tempered dispute over "the Nitrate King" Colonel J. T. North who was developing the Nitrate Railway in South America. After that they continued as competitors, but with

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2002-492: 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,

2093-462: A traditional tabloid) on 12 September 2005. In June 2017, the Guardian announced it would again change the format to tabloid size – the first tabloid edition was published on 15 January 2018. The main motivation cited for this shift was that commuters prefer papers that they can hold easily on public transport and that other readers also might find the smaller formats more convenient. In

2184-447: 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 FT Adviser (a publication targeted to the financial intermediary market), fDi Intelligence and Professional Wealth Management (PWM). In 2013, FT Specialist acquired a majority stake in medical publisher Endpoints News. The Financial Times Group announced

2275-406: 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 , 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

2366-563: Is an editorial service on forecasted economic events 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 forecasted economic events to observe future occurrences while competing for weekly and monthly prizes. The Financial Times also ran

2457-608: 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. 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,

2548-612: Is most obvious on the front page since tabloids tend to have a single story dominated by a headline, and broadsheets allow two or more stories to be displayed of which the most important sit at the top of the page " above the fold ." A few newspapers, though, such as the German Bild-Zeitung and others throughout Central Europe are tabloids in terms of content but use the physical broadsheet format. In 2003, The Independent started concurrent production of both broadsheet and tabloid (" compact ") editions, carrying exactly

2639-537: Is published in London. The name of the magazine was changed in 2022 from How to Spend It to HTSI . 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 's editorials tend to be pro-European . The FT

2730-431: Is the largest newspaper format and is characterized by long vertical pages, typically of 22.5 inches (57 cm). Other common newspaper formats include the smaller Berliner and tabloid – compact formats. Many broadsheets measure roughly 28 by 22 + 3 ⁄ 4  in (711 by 578 mm) per full broadsheet spread, twice the size of a standard tabloid. Australian and New Zealand broadsheets always have

2821-409: Is then cut in half during the process. Thus, the newsprint rolls used are defined by the width necessary to print four front pages. The width of a newsprint roll is called its web. The now-common 11-inch-wide front page broadsheet newspapers in the United States use a 44-inch web newsprint roll. With profit margins narrowing for newspapers in the wake of competition from broadcast, cable television, and

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2912-477: The 2024 United States presidential election . On 23 July 2015, Nikkei, Inc. 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

3003-540: The Anglo-Iranian Oil Company (later BP ), British-American Tobacco , Lever Brothers (later Unilever ) and Shell . The oil and financial sectors were included decades later. 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

3094-448: 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. 1 2 3 4 5 6 7 NBC News Wall Street Journal Politico MSNBC / CNBC / Telemundo Bloomberg Government Washington Examiner Boston Globe / Washington Blade Broadsheet A broadsheet

3185-497: 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 centrist to centre-right liberal , neo-liberal , and conservative-liberal newspaper. The Financial Times

3276-611: 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, opposed to Labour's socialist economic policies (for wanting to "reverse, not revise, the Thatcherite revolution of the 1980s") and the Conservatives' commitment to

3367-406: 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 the original opinion piece was no longer available on the website of the newspaper. The editor of the FT , Roula Khalaf , who took the decision to withdraw the initial article, acknowledged having been contacted by

3458-728: The FTSE 350 Index , the FTSE SmallCap Index , the FTSE AIM UK 50 Index and FTSE AIM 100 Index as well as the FTSE AIM All-Share Index 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 covering combinations of the top five cryptocurrencies. In July 2006, the FT announced

3549-815: 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 (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 banker and Labour adviser, now

3640-648: The Financial News to form a single six-page newspaper. The Financial Times had a higher circulation, while the Financial News provided much of the editorial talent. The Lex column was also introduced from Financial News . Gordon Newton , 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

3731-401: The Financial Times centres on economic liberalism , particularly advocacy of 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,

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3822-687: The Financial Times ( F-T ) and the London Stock Exchange ( S-E ). On 13 February 1984 the FTSE 100 was introduced, representing about eighty per cent of the London Stock Exchange's value. FTSE Group was made an independent company in 1995. The first of several overseas offices was opened in New York City in 1999; Paris followed in early 2000, Hong Kong, Frankfurt and San Francisco in 2001, Madrid in 2002 and Tokyo in 2003. Other well-known FTSE indices include

3913-473: The Financial Times announced it was investing in Sifted , a digital-only news site and newsletter covering European startups . The Financial Times' initial 25% stake was subsequently diluted to 14% due to later investments from others. This marked the start of a planned 7-year strategic relationship with Sifted. The Financial Times collates and publishes a number of financial market indices , which reflect

4004-501: The Financial and Mining News appeared on 23 January 1884. It adopted the shorter title, Financial News , that July. Founder Harry Marks imported techniques he had learned in the United States which was to target those offering questionable investment schemes. His intention was that his paper should be known for campaigning. The newspaper scored an early significant success in exposing corruption in local government . Marks himself

4095-493: The Second World War , Bracken became close to Lord Camrose , the proprietor since 1919 of the Financial Times . The two privately agreed to raise their advertising rates to protect their finances, and eventually agreed that the other would have first option if one wanted to sell. Towards the end of the war, Camrose decided to sell the Financial Times , and arrangements for a merger were put in place. The financial deal

4186-581: 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. 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

4277-519: 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 's Tripoli compound during the 2011 Libyan Civil War . In September 2021, an Arabic version of HTSI was launched by Othman Al Omeir , founder of Elaph online newspaper. HTSI Arabic

4368-465: The Élysée Palace regarding the article, and defended her decision on the basis purely of several factual errors in the original piece by Mehreen Khan. 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

4459-472: The 17th century. Eventually, people began using the broadsheet as a source for political activism by reprinting speeches. Broadsheet newspapers developed in Britain after a 1712 tax was imposed on newspapers based on their page counts. However, larger formats had long been signs of status in printed objects and still are in many places. Outside of Britain the broadsheet developed for other reasons unrelated to

4550-580: 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

4641-590: 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

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4732-528: The British tax structure including style and authority. With the early mechanization of the 19th century came an increased production of printed materials including the broadside, as well as the competing penny dreadful . Newspapers all over Europe were then starting to print their issues on broadsheets. However, in the United Kingdom, the main competition for the broadside was the gradual reduction of

4823-640: The Eurosceptic elements in her party. The FT declared 2019 general election a "fateful election" that "offers no good choices". In the 2024 general election , the FT endorsed the Labour Party again, expressing the need for a "fresh start", while cautioning "Labour's interventionist instincts and fervour for regulation". In the 2008 United States presidential election , the Financial Times endorsed Barack Obama . While it raised concerns over hints of protectionism , it praised his ability to "engage

4914-665: 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 , 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

5005-541: The UK, continental Europe, the U.S., Asia and the Middle East. The European edition is distributed throughout 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

5096-427: The United Kingdom. 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

5187-537: The United States, The Wall Street Journal made headlines when it announced its overseas version would convert to a tabloid on 17 October 2005. Strong debate occurred in the US on whether or not the rest of the national papers will or even should follow the trend of the European papers and The Wall Street Journal . The Wall Street Journal overseas edition switched back to a broadsheet format in 2015. Financial News (1884%E2%80%931945) The first four-page edition of

5278-495: The acquisition of Alpha Grid, and conferences and events through Financial Times Live and extends the FT 's 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

5369-404: 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

5460-550: The board of Eyre & Spottiswoode . Bracken persuaded the board to buy the Financial News and then bought a number of other publications (the Investors Chronicle and a half-share in The Economist among them). Bracken himself took responsibility for the Financial News . Circulation rose in the early 1930s, but the Financial Times was still selling about three or four times as many copies. In spring 1937 sales hit 10,000, but only briefly. When Adolf Hitler

5551-518: 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

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5642-408: 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 candidates Hillary Clinton in the run-up to the 2016 United States presidential election , Joe Biden in the 2020 United States presidential election, and Kamala Harris in

5733-563: The credibility of their reporting on climate change and cause readers to downplay the climate crisis . According to the Global Capital Markets Survey, which measures readership habits among 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 ( WSJ ), its main rival. The Economist , which

5824-566: The details of the Marconi scandal . Handing over the editorship in 1909 to Ellis Powell, Marks remained the controlling influence as proprietor. He suffered increasing bouts of ill-health due to gout and had at least one stroke in 1915. He was forced to cease any active involvement in the newspaper and died in December 1916. Although he left his interest to a nephew, the existing board fought off his attempts to take control. The Marks estate

5915-526: 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 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

6006-654: The downsizing until July 2006, saying it would stick to its 54-inch web ( 13 + 1 ⁄ 2 -inch front page). However, the paper adopted the narrower format beginning Monday, 6 August 2007. The smaller newspapers also have the advantage of being easier to handle, particularly among commuters. In some countries, especially Australia , Canada , the UK, and the US, broadsheet newspapers are commonly perceived to be more intellectual in content than their tabloid counterparts. They tend to use their greater size to publish stories exploring topics in-depth and carry less sensationalist and celebrity -oriented material. The distinction

6097-650: 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 ,

6188-627: The global 2007–2008 financial crisis , but on balance it backed the Conservatives , while questioning their tendency to Euroscepticism . In the 2015 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 general election , an FT editorial reluctantly backed Conservative Theresa May over Labour Jeremy Corbyn , while warning about her stance on immigration and

6279-410: The internet, newspapers are looking to standardize the size of the newsprint roll. The Wall Street Journal with its 12-inch-wide front page was printed on 48-inch web newsprint. Early adopters in the downsizing of broadsheets used a 50-inch web ( 12 + 1 ⁄ 2 -inch front pages). However, the 48-inch web is now rapidly becoming the definitive standard in the U.S. The New York Times held out on

6370-508: The late 1990s. Between 1997 and 2000, the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to the 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

6461-457: 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

6552-556: The mainstay of the paper's own editorial strengths until the 1990s. The first such 'direct recruit' was 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 in 1967 following its acquisition by Roy Thomson. Other FT Oxbridge recruits included the future Chancellor of the Exchequer Nigel Lawson . The FT ' s distinctive recruitment policy for Fleet Street journalists

6643-442: The newspaper tax, beginning in the 1830s until its eventual dismissal in 1855. With the increased production of newspapers and literacy, the demand for visual reporting and journalists led to the blending of broadsides and newspapers, creating the modern broadsheet newspaper . Modern printing facilities most efficiently print broadsheet sections in multiples of eight pages (with four front pages and four back pages). The broadsheet

6734-456: 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 , with a news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. It was originally

6825-401: The publisher of The Times of India and The Economic Times . The group also publishes America's Intelligence Wire , 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 ,

6916-476: The same content. The Times did likewise, but with less apparent success, with readers vocally opposing the change. The Independent ceased to be available in broadsheet format in May 2004, and The Times followed suit from November 2004; The Scotsman is also now published only in tabloid format. The Guardian switched to the "Berliner" or "midi" format found in some other European countries (slightly larger than

7007-560: 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 in July 2007. Bernard Gray ,

7098-468: The value of liberal democracy. The Ukrainian newspaper Kyiv Post accused the FT of asking President Putin softball questions, and said the interviewers failed to hold Putin to account. In the 2010 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

7189-505: 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 , 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 ) , weekend edition ( FT Weekend ) and some industry publications. The editorial stance of

7280-491: Was a complex one. The Financial News raised the finances to buy a controlling interest in the Financial Times by selling its own offices and investments and by a share issue. Financial News made up the full amount by selling the copyright and goodwill of the Financial News to Financial Times . Camrose himself bought some Financial News shares to help the deal along. The Financial News ceased publication on 1 October 1945. The Financial Times appeared at first with

7371-461: 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. The Berry brothers, Lord Camrose and Gomer Berry (later Lord Kemsley), purchased the Financial Times in 1919. In 1945, Brendan Bracken purchased the Financial Times from Lord Camrose, and, following 57 years of rivalry, merged it with

7462-565: 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 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

7553-606: Was appointed Chancellor of Germany, the Financial News lead heading was "Heil Hitler!". It argued that Hitler was the prisoner of the non-Nazi majority in his government, and that the Nazis were highly unlikely to "attempt to base their power on armed forces". However, the paper soon changed its line, arguing at the time of the remilitarization of the Rhineland that a stand would have to be taken against German military aggression. Hargreaves Parkinson became editor in 1938. During

7644-682: Was eventually sold in 1919, and most of the Financial News shares were bought by John Jarvis . In 1926 it was sold again to the Trireme Trust. Jarvis remained as chairman. However, the mounting losses of the Morning Post , which the Trust also owned, forced another sale in 1928. During this period it absorbed one major rival, the Financier and Bullionist . The new ownership was put together by Brendan Bracken , who had been elected to

7735-491: Was firmly opposed to the Iraq War . Due to its advocacy of free markets and free trade, it is often identified as centrist to centre-right in its political positions. 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

7826-555: 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

7917-558: Was once 50% owned by FT , reaches 32%. FT 's The Banker also proved vital reading, reaching 24%. In addition, in 2010 the FT was regarded as the most credible publication in reporting financial and economic issues among the Worldwide Professional Investment Community audience. The Economist was rated the third-most-credible title by most influential professional investors, while the WSJ

8008-563: Was one of the main authors of a series of articles that began appearing on 25 October 1886 and carried on for nearly a year. The newspaper uncovered the involvement of officials and members of the Metropolitan Board of Works that ran local government services in London in schemes to personally enrich themselves. However, the early years saw the company frequently summoned to the law courts to defend libel actions. There were three major cases between 1888 and 1890. The paper gained

8099-534: Was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting , drawing both criticism and acclaim. It sponsors an annual book award and publishes a " Person of the Year " feature. The paper was founded in January 1888 as the London Financial Guide before rebranding

8190-554: Was second. In 2022, the FT launched FT Edit, a low-price app aimed at attracting a younger audience. 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 , Gillian Tett and Edward Luce , 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

8281-609: Was the editor of The 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 dismissed in 2005. Andrew Adonis , a former education correspondent, became an adviser on education to

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