The _FINANCIAL TIMES_ (_FT_) is an English-language international daily newspaper with a special emphasis on business and economic news.
The paper, published and owned by Nikkei Inc. in
The _Financial Times_ has an average daily readership of 2.2 million people worldwide (PwC audited figures, November 2011). FT.com has 4.5 million registered users and over 285,000 digital subscribers, as well as 600,000 paying users. FT Chinese has more than 1.7 million registered users. The world editions of the _Financial Times_ newspaper had a combined average daily circulation of 234,193 copies (88,000 for the UK edition) in January 2014. In February 2014 the combined sale of the world editions of the _Financial Times_ was 224,000 copies. In October 2013 the combined paid print and digital circulation of the _Financial Times_ reached nearly 629,000 copies (282,000 for print and 387,000 for online sales), the highest circulation in its 125-year history. In December 2016 print sales for the paper stood at 193,211.
On 23 July 2015 Nikkei Inc. agreed to buy the _Financial Times_ from Pearson for £844m ($1.32 billion). On 30 November 2015 Nikkei completed the acquisition.
* 1 History * 2 Audience
* 3 Content
* 3.1 The _Lex_ column
* 4 _FT Weekend_
* 4.1 _How to Spend It_
* 5 Editorial stance * 6 Ownership and related publications * 7 Indices * 8 People * 9 Editors * 10 See also * 11 References * 12 External links
_ The front page of the Financial Times_ on 13 February 1888.
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
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_.
Pearson 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 early moves 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. 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
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. _ The London offices of the Financial Times_ at One Southwark Bridge (2013).
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 _, 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 lets visitors to
its site read a limited number of free articles during any one month
before asking them to pay. Four years later the _FT_ launched its
Since 2010 the _FT_ has been available on
Since 2013 the _FT_ has been available on Wisers platform.
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 _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 a financial newspaper, it does also contain TV listings, weather and other more informal articles.
About 110 of its 475 journalists are outside the UK.
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 (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 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 (Conservative Member of Parliament for Orpington).
The _FT_ publishes a Saturday edition of the newspaper called 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
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 as well as the FTSE AIM All-Share Index for stocks, and the FTSE UK Gilt Indices for government bonds.
* Lionel Barber (Editor) (1 January 2006 – present) * Gillian Tett (Markets and Finance Columnist; Assistant Editor) * Lucy Kellaway (Management Columnist) * Tim Harford (Senior Columnist) * Gideon Rachman (Chief International Affairs Commentator) * Martin Wolf (Chief Economics Commentator) * Jurek Martin (Columnist and former Washington Bureau Chief) * Michael Skapinker (Columnist and Associate Editor) * Edward Luce (Washington, D.C., Bureau Chief) * Roula Khalaf (Foreign Editor; Assistant Editor) * Philip Stephens (Associate Editor)
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 _ and is now
the publisher of the _Wall Street Journal_. Will Lewis , a former New
York correspondent and News Editor for the _FT_, is the current editor
of the _
Sir Geoffrey Owen was the editor of the _Financial Times_ from 1981
to 1990. He joined the Centre for Economic Performance (CEP) at the
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 1940: Albert George Cole 1945: Hargreaves Parkinson 1949: Sir Gordon Newton 1981: Sir Geoffrey Owen 1991: Richard Lambert 2001: Andrew Gowers 2006: Lionel Barber
* Business Journalism * Financial Times_ and Goldman Sachs Business Book of the Year Award
* ^ _A_ _B_ "Print ABCs: Seven UK national newspapers losing print
sales at more than 10 per cent year on year". _Press Gazette_.
Retrieved 28 January 2017.
* ^ _A_ _B_ _C_ "About Us". _Financial Times_. Retrieved 28
* ^ Sweney, Mark (14 February 2014). "The Sun enjoys post-Christmas
sales bounce with 8.3% rise". _The Guardian_. Retrieved 15 July 2014.
* ^ Greenslade, Roy (30 October 2013). "