Financial Times
Overview
 
The Financial Times (FT) is an international business newspaper. It is a morning daily newspaper published in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

.

Along with FT.com, it has an average daily readership of 2.1 million people worldwide (PwC audited figures, November 2011). FT.com has 4million registered users and 250,000 digital subscribers, as well as 585,681 paying users.
Encyclopedia
The Financial Times (FT) is an international business newspaper. It is a morning daily newspaper published in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

.

Along with FT.com, it has an average daily readership of 2.1 million people worldwide (PwC audited figures, November 2011). FT.com has 4million registered users and 250,000 digital subscribers, as well as 585,681 paying users. FT Chinese has more than 1.7 million registered users. The Financial Times actually has a claimed circulation of 345 thousand copies - worldwide.

Founded in 1888 by James Sheridan and Horatio Bottomley
Horatio Bottomley
Horatio William Bottomley was a British financier, swindler, journalist, newspaper proprietor, populist politician and Member of Parliament .-Early life:...

, the Financial Times competed with four other finance-oriented newspapers, in 1945 absorbing the last, the Financial News (founded in 1884). The FT specialises in UK and international business and financial news. Printed as a broadsheet
Broadsheet
Broadsheet is the largest of the various newspaper formats and is characterized by long vertical pages . The term derives from types of popular prints usually just of a single sheet, sold on the streets and containing various types of material, from ballads to political satire. The first broadsheet...

 on light salmon paper, the FT is the only paper in the UK providing full daily reports on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 and world markets.

History

The FT was launched as the London Financial Guide on 9 January 1888, renaming itself the Financial Times on 13 February the same year. Describing itself as the friend of "The Honest Financier and the Respectable Broker", it was a four-page journal. The readership was the financial community of the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...

. The Financial Times established itself as the sober but reliable "stockbroker's Bible" or "parish magazine of the City", its only rival being the slightly older and more daring Financial News. In 1893, the FT turned light salmon to distinguish it from the similarly named Financial News. Also in the 1890s it also collaborated with Walter R Skinner
Walter R Skinner
Walter R. Skinner was a London based publisher, who in collaboration with the Financial Times published the Mining Manual and later the combined Mining Manual and Mining Year Book which contained extensive details of mining operations around the world...

 in publishing series of years books and manuals regarding mining investment around the world.

In 1993, the FT printed a single edition on white to commemorate this change a hundred years earlier. The paper has sometimes been informally known as the "Pink Un". From initial rivalry, the two papers were merged by Brendan Bracken in 1945 to form a single six-page newspaper. The Financial Times brought a higher circulation while the Financial News provided editorial talent.

Over the years, the newspaper grew in size, readership and breadth of coverage. It established correspondents in cities around the world, reflecting early moves in the world economy
World economy
The world economy, or global economy, generally refers to the economy, which is based on economies of all of the world's countries, national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies, making the global one....

 towards globalisation. Pearson
Pearson PLC
Pearson plc is a global media and education company headquartered in London, United Kingdom. It is both the largest education company and the largest book publisher in the world, with consumer imprints including Penguin, Dorling Kindersley and Ladybird...

 bought the paper in 1957.

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 language of business. On 1 January 1979, the first FT 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 four 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. Thanks to correspondents reporting from all the centres of Europe, the FT is regarded as the premier news source involving the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

, the Euro, and European corporate affairs.

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 high summary of news from around the globe and was supplemented in February 1996 with the launch of stock prices followed in spring 1996 by the second generation site. 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.com is one of the few UK news sites successfully operating on subscriptions. On 18 March 2009 the Financial Times launched newssift.com, a semantic search engine that sifts through business news.

In 1997, the FT launched the 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 April 2009, the FTs U.S. circulation was 143,473. In September 1998, the FT became the first UK-based newspaper to sell more copies internationally than within the UK. Worldwide circulation stands at 421,059 with global readership estimated at over 1.4 million in more than 140 countries.

In 2000, the Financial Times started publishing a German language edition,
Financial Times Deutschland
Financial Times Deutschland
The Financial Times Deutschland is a German language financial newspaper based in Hamburg, Germany, and is published by Gruner + Jahr. The newspaper contains four sections: Business, Politics & Economy, Finance, and Agenda .Founded in February 2000, the circulation grew to 103,000 readers in the...

, with news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. Originally a joint venture with German publishing firm Gruner + Jahr
Gruner + Jahr
Gruner + Jahr GmbH & Co. KG is the largest European printing and publishing firm. Its headquarters is in Hamburg, Germany.-History:Originally founded on August 1, 1948 as the Henri Nannen publishing house, Gruner + Jahr was created in 1965 from a merger by acquisition, by publishers John Jahr Sr....

,
FT eventually sold its 50% stake to its German partner in January 2008.

The editor of the
FT is Lionel Barber
Lionel Barber
Lionel Barber is an English journalist.Barber was appointed Editor of the Financial Times in November 2005. Previously, he was the Financial Times' U.S. Managing Editor and before that, Editor of the FT's Continental European edition , during which he briefed US President George W. Bush ahead of...

, who took over from Andrew Gowers
Andrew Gowers
Andrew Gowers was appointed editor of the Financial Times in October 2001. He resigned from this post in November 2005 citing "strategic differences", following the FT losing a libel case brought by brokerage firm Collins Stewart Tullett Plc....

 in autumn 2005. In October 2006, the
FT launched FT Alphaville
FT Alphaville
FT Alphaville is a daily news and commentary service for financial market professionals created by the Financial Times in October 2006. The service includes an email-based morning financial brief, a blog, and two message boards, one called "Markets Live" and another, added two years after its...

, an Internet-based daily news and commentary service for financial professionals.

On 23 April 2007, the
FT relaunched, with a new typeface, new labelling, but no reduction in paper size. This redesign has been billed as the “most dramatic revamp [of the FT] in a generation” and includes more panels in the news pages, more first page feature content in the “Companies and Markets” section, and sports content that is more squeezed to allow an extra foreign news page.

Changes include the reintroduction, above the leaders, of the
FT's 1888 motto, “Without fear and without favour” and more signposts to FT.com. To coincide with the redesign, Pearson PLC
Pearson PLC
Pearson plc is a global media and education company headquartered in London, United Kingdom. It is both the largest education company and the largest book publisher in the world, with consumer imprints including Penguin, Dorling Kindersley and Ladybird...

 announced an advertising campaign centred on the tag-line “We Live in Financial Times”, created by the agency DDB London. The
FT redesign was handled by and was the first major project for design firm Shake-up Media and young American designer Ryan Bowman.

In 2009 it was incorporated into the Weekend City Press Review where summaries of the weekend
FT papers are published, as well as twelve other leading national papers, on a weekly subscription basis.

Content

The
Financial Times reports business and features share and financial product listings. About 110 of its 475 journalists are outside the UK. The FT is usually in two sections, the first section covers national and international news, the second company and markets news.

FT Magazine
FT Magazine
FT Magazine is a supplement to the weekend edition of the Financial Times newspaper. It covers world events, politics and the arts.It is only included with the UK & Ireland edition of the Financial Times; however, articles from it are also printed in sections of the USA edition of the Financial...

is a weekly magazine published with the Financial Times Weekend Edition. Elements are incorporated in the main newspaper for the USA weekend edition.

How to Spend It

How to Spend It is a weekly magazine published with the Financial Times Weekend Edition. Founded and launched by Julia Carrick with Lucia van der Post as founding editor, its articles concern luxury good
Luxury good
Luxury goods are products and services that are not considered essential and associated with affluence.The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies...

s such as yacht
Yacht
A yacht is a recreational boat or ship. The term originated from the Dutch Jacht meaning "hunt". It was originally defined as a light fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries...

s, mansion
Mansion
A mansion is a very large dwelling house. U.S. real estate brokers define a mansion as a dwelling of over . A traditional European mansion was defined as a house which contained a ballroom and tens of bedrooms...

s, apartment
Apartment
An apartment or flat is a self-contained housing unit that occupies only part of a building...

s, designs, horlogerie, haute couture
Haute couture
Haute couture refers to the creation of exclusive custom-fitted clothing. Haute couture is made to order for a specific customer, and it is usually made from high-quality, expensive fabric and sewn with extreme attention to detail and finished by the most experienced and capable seamstresses,...

 and automobiles, as well as fashion and columns by individuals in the arts, gardening, food, and hotel and travel industries. To celebrate its 15th anniversary, FT launched the on-line version of this publication howtospendit.com on 3 October 2009.

Some media commentators were taken aback by the online launch 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
Absolutely Fabulous
Absolutely Fabulous, also known as Ab Fab, is a British sitcom created by Jennifer Saunders, based on an original idea by her and Dawn French, and written by Saunders, who plays the leading character. It also stars Joanna Lumley and Julia Sawalha, along with June Whitfield and Jane Horrocks...

manual" in the Guardian.

Editorial stance

It advocates free markets (the Financial Times newspaper has not supported a free market position for many years) and is in favour of globalisation. During the 1980s it supported Margaret Thatcher
Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher, was Prime Minister of the United Kingdom from 1979 to 1990...

 and Ronald Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....

's monetarist policies. It has aligned itself with Labour
Labour Party (UK)
The Labour Party is a centre-left democratic socialist party in the United Kingdom. It surpassed the Liberal Party in general elections during the early 1920s, forming minority governments under Ramsay MacDonald in 1924 and 1929-1931. The party was in a wartime coalition from 1940 to 1945, after...

 in the UK. It was also supportive of Gordon Brown
Gordon Brown
James Gordon Brown is a British Labour Party politician who was the Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 until 2010. He previously served as Chancellor of the Exchequer in the Labour Government from 1997 to 2007...

, the former British Prime Minister
Prime Minister of the United Kingdom
The Prime Minister of the United Kingdom of Great Britain and Northern Ireland is the Head of Her Majesty's Government in the United Kingdom. The Prime Minister and Cabinet are collectively accountable for their policies and actions to the Sovereign, to Parliament, to their political party and...

. FT editorials tend to be pro-European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

. In the 2008 United States presidential election, the
Financial Times endorsed Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

. In the 2010 UK General Election the paper criticised the Conservative Party, but stated that on balance it would support them.

In 2010, its competitor, The Wall Street Journal, dubbed the FT an "orthodox Keynesian company". An article in the FT in November 2011 referred to the Wall Street Journal as "the conservative bible".

The Lex column

The Lex column is a daily feature on the back page of the first section. It features analyses and opinions covering business and financial topics and is global in scope. The FT calls Lex its agenda-setting column. The column first appeared on Monday, 1 October 1945. The origin of the name may stand for "Lex Mercatoria" a Latin expression meaning literally "merchant law". It was conceived by Hargreaves Parkinson for the Financial News in the 1930s and took it 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
Jo Johnson
Joseph Edmund "Jo" Johnson is a Conservative Party politician. He has been the Member of Parliament for Orpington since the general election in May 2010 .-Family, early life and schooling:...

 (Conservative Member of Parliament for Orpington).

Ownership and related products

The Financial Times Group is a division of Pearson PLC
Pearson PLC
Pearson plc is a global media and education company headquartered in London, United Kingdom. It is both the largest education company and the largest book publisher in the world, with consumer imprints including Penguin, Dorling Kindersley and Ladybird...

. It includes the Financial Times, FT.com, FT Search Inc., the publishing imprint FT Press, a 50% shareholding in The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...

, Mergermarket
Mergermarket
The Mergermarket Group is a financial information company owned by The Financial Times Group. With regional head offices in London, New York, and Hong Kong and over 250 journalists in 63 locations worldwide, The Mergermarket Group provides proprietary intelligence and historical data via a range of...

 (an online intelligence reporting family) and numerous joint ventures including
Vedomosti
Vedomosti
Vedomosti is a Russian language business daily. It is a joint venture between Dow Jones, the Financial Times and Sanoma, publishers of The Moscow Times....

 in Russia. In addition, the FT Group has a unit called FT Business which is a provider of specialist information on retail, personal and institutional finance segments. It is a publisher of The Banker
The Banker
The Banker is an English-language monthly international financial affairs publication owned by The Financial Times Ltd. and edited in London...

, Money Management
Money Management
Money Management magazine is a monthly personal finance magazine and is published by the Financial Times Group. It was originally launched in 1962 as the Unitholder and later became a part of the FT Business stable...

 and Financial Adviser (a publication targeted at professional advisers), This is Africa, fDi intelligence and Professional Wealth Management (PWM).

The Financial Times Group announced the beta launch of newssift FT Search, Inc. in March 2009. Newssift.com is a next generation search tool for business professionals indexing 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 had a 13.85% stake in Business Standard Ltd of India, the publisher of the Business Standard
Business Standard
Business Standard is an Indian English-language daily newspaper published by Business Standard Ltd in two languages, English and Hindi...

. FT Group has since sold this stake in April 2008 and has entered into an agreement with Network 18
Network 18
Network18 Media & Investments Limited is an Indian media conglomerate with interests in television, print, internet, film, mobile content and allied businesses. Network 18 FinCap is the holding company for several media entities in India such as Television Eighteen India Ltd , IBN 18 Broadcast...

 to launch 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
The Times Group
The Times Group is the largest media conglomerate in India and is headed by brothers Samir and Vineet Jain.The company has eleven publishing centres, fifteen printing centres, fifty-five sales offices, Over 7000 employees, five dailies, including two of the largest in the country with approx 4.3...

, the publisher of
The Times of India
The Times of India
The Times of India is an Indian English-language daily newspaper. TOI has the largest circulation among all English-language newspaper in the world, across all formats . It is owned and managed by Bennett, Coleman & Co. Ltd...

and The Economic Times
The Economic Times
The Economic Times is an English-language Indian daily newspaper published by the Bennett, Coleman & Co. Ltd.. The Economic Times was started in 1961. It is the most popular and widely read financial daily in India, read by more than 8 lakh people...

. The group also publishes America's Intelligence Wire
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:...

, a daily general newswire service.

The Financial Times’ Financial Publishing division provides print and online content for consumer and professional financial audiences. Examples of publications and services include: Investors Chronicle
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 as takeovers and share issues...

, 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-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. Intelligence, includes publications and events for the European pensions industry (Pensions Management, Pensions Week and schemeXpert.com). Financial Publishing also provides local language services through Nordic Region Pensions & Investment News (nrpn), Nederlands Pensioen & Beleggingsnieuws (npn), Deutsche Pensions & Investmentnachrichten (dpn), Schweizer Pensions & Investmentnachrichten (spn), The group also publishes MandateWire, a financial information company that provides sales and market intelligence for US and European investment professionals.
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/seminars, as well as weekend events) during the Autumn and Spring since 2000.

FT Predict is a prediction market
Prediction market
Prediction markets are speculative markets created for the purpose of making predictions...

 contest the Financial Times is hosting 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
The Wisdom of Crowds
The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better...

, 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). The player is put in the virtual role of Chief Executive and the goal is to have the highest profit
Profit (accounting)
In accounting, profit can be considered to be the difference between the purchase price and the costs of bringing to market whatever it is that is accounted as an enterprise in terms of the component costs of delivered goods and/or services and any operating or other expenses.-Definition:There are...

 when the game closes. The winner of the game (the player who makes the highest profit) will receive a real monetary prize of £10,000. The game ran from 1 May to 28 June 2006.

Since 2005, the FT has sponsored the annual Financial Times and Goldman Sachs Business Book of the Year Award
Financial Times and Goldman Sachs Business Book of the Year Award
Financial Times and Goldman Sachs Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times and Goldman Sachs. It aims to find the book that has ‘the most compelling and enjoyable insight into modern business issues.’ The...

.

Indices

The Financial Times collates and publishes a number of financial market indices, which reflect the changing value of the constituents. The longest running being the former Financial News Index, started on 1 July 1935 by the Financial News. The FT published a similar index, which was replaced by the former which was 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 such as the Anglo-Iranian Oil Company (later BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...

), British-American Tobacco, Lever Brothers
Lever Brothers
Lever Brothers was a British manufacturer founded in 1885 by William Hesketh Lever and his brother, James Darcy Lever . The brothers had invested in and promoted a new soap making process invented by chemist William Hough Watson, it was a huge success...

 (later Unilever
Unilever
Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....

) and Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...

 were excluded. The oil and financial sectors were included decades later.

The FTSE All-Share Index
FTSE All-Share Index
The FTSE All-Share Index, originally known as the FTSE Actuaries All Share Index, is a capitalisation-weighted index, comprising around 1000 of more than 2,000 companies traded on the London Stock Exchange. As at June 2011 the constituents of this index totalled 627 companies...

, the first one 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 represent that FTSE is a joint venture between the Financial Times (F-T) and the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 (S-E). On the 13 February 1984 the FTSE 100 was introduced, representing about 80 percent of the London Stock Exchange's value. In 1995 FTSE Group
FTSE Group
FTSE Group is a world-leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis...

 was made an independent company. The first of several overseas offices was opened in New York City in 1999, Paris in early 2000, and Hong Kong, Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...

, and San Francisco in 2001. Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...

 was opened 2002, and Tokyo in 2003.

Other well-known FTSE indices include the FTSE 350 Index
FTSE 350 Index
The FTSE 350 Index index is a market capitalisation weighted stock market index incorporating the largest 350 companies by capitalisation which have their primary listing on the London Stock Exchange. It is a combination of the FTSE 100 Index of the largest 100 companies and the FTSE 250 Index of...

, the FTSE SmallCap Index
FTSE SmallCap Index
The FTSE SmallCap Index is an index of small market capitalization companies consisting of the 351st to the 619th largest listed companies on the London Stock Exchange main market...

, the FTSE AIM UK 50 Index
FTSE AIM UK 50 Index
The FTSE AIM UK 50 Index index was introduced on 16 May 2005, and is a market capitalisation weighted stock market index incorporating the largest 50 UK companies by capitalisation which have their primary listing on the Alternative Investment Market....

 and FTSE AIM 100 Index
FTSE AIM 100 Index
The FTSE AIM 100 Index is an index of the top 100 companies on the London Stock Exchange's Alternative Investment Market weighted by market capitalisation...

 as well as the FTSE AIM All-Share Index
FTSE AIM All-Share Index
The FTSE AIM All-Share Index 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.

People

  • Lionel Barber
    Lionel Barber
    Lionel Barber is an English journalist.Barber was appointed Editor of the Financial Times in November 2005. Previously, he was the Financial Times' U.S. Managing Editor and before that, Editor of the FT's Continental European edition , during which he briefed US President George W. Bush ahead of...

     (Editor)
  • Gillian Tett
    Gillian Tett
    Gillian Tett is a British author and award-winning journalist at the Financial Times, where she is the US managing editor She has written about the financial instruments that were part of the cause of the financial crisis that started in the fourth quarter of 2007, such as CDOs, credit default...

     (US Managing Editor)
  • Lucy Kellaway
    Lucy Kellaway
    Lucy Kellaway is the management columnist at the Financial Times . Her column is syndicated in The Irish Times. In addition she has worked as energy correspondent, Brussels correspondent, a Lex writer, and interviewer of business people and celebrities, all with the FT...

     (Management Columnist)
  • John Authers (Head of Lex)
  • Tim Harford
    Tim Harford
    Tim Harford is an English economist and journalist, residing in London. He is the author of four economics books, presenter of BBC television series Trust Me, I'm an Economist, and writer of a humorous weekly column called "Dear Economist" for The Financial Times, in which he uses economic theory...

     (Senior Columnist)
  • Gideon Rachman
    Gideon Rachman
    Gideon Rachman is a journalist who has been the Financial Times chief foreign affairs commentator since July 2006.He studied at Gonville & Caius College, Cambridge University where he obtained a first class honours degree in History in 1984...

     (Chief International Affairs Commentator)
  • Martin Wolf
    Martin Wolf
    Martin Wolf, CBE is a British journalist, widely considered to be one of the world's most influential writers on economics. He is associate editor and chief economics commentator at the Financial Times.-Early life:...

     (Chief Economics Commentator)
  • Jurek Martin
    Jurek Martin
    Jurek Martin is a British-born journalist.Martin, a Financial Times columnist and former foreign editor and twice Washington, D.C...

     (Columnist and former Washington Bureau Chief)


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, 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
Robert James Thomson
Robert James Thomson is an Australian journalist and the managing editor of the Wall Street Journal. He is former editor of The Times newspaper in London, England. On 20 May 2008 News Corp. Chairman Rupert Murdoch named Thomson as the paper's new managing editor, succeeding Marcus Brauchli...

, previously the paper's US managing editor, was the editor of The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...

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 Daily Telegraph. Dominic Lawson
Dominic Lawson
Dominic Ralph Campden Lawson is a British journalist.-Background:Educated at Westminster School and then Christ Church, Oxford, he is the elder son of a former Conservative Chancellor of the Exchequer Lord Lawson and socialite Vanessa Salmon, heir to the Lyons Corner House empire, who died of...

 went on to become editor of the Sunday Telegraph
Sunday Telegraph
The Sunday Telegraph is a British broadsheet newspaper, founded in February 1961. It is the sister paper of The Daily Telegraph, but is run separately with a different editorial staff, although there is some cross-usage of stories...

until he was sacked in 2005. Andrew Adonis, a former education correspondent, became an adviser on education to Tony Blair
Tony Blair
Anthony Charles Lynton Blair is a former British Labour Party politician who served as the Prime Minister of the United Kingdom from 2 May 1997 to 27 June 2007. He was the Member of Parliament for Sedgefield from 1983 to 2007 and Leader of the Labour Party from 1994 to 2007...

, who was the British prime minister, and was given a job as an education minister and a seat in the House of Lords
House of Lords
The House of Lords is the upper house of the Parliament of the United Kingdom. Like the House of Commons, it meets in the Palace of Westminster....

 after the 2005 election. Ed Balls
Ed Balls
Edward Michael Balls, known as Ed Balls, is a British Labour politician, who has been a Member of Parliament since 2005, currently for Morley and Outwood, and is the current Shadow Chancellor of the Exchequer....

 became chief economic adviser to the Treasury, working closely with Gordon Brown
Gordon Brown
James Gordon Brown is a British Labour Party politician who was the Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 until 2010. He previously served as Chancellor of the Exchequer in the Labour Government from 1997 to 2007...

, the chancellor of the exchequer
Chancellor of the Exchequer
The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters. Often simply called the Chancellor, the office-holder controls HM Treasury and plays a role akin to the posts of Minister of Finance or Secretary of the...

 (or finance minister) before being elected as a Member of Parliament in 2005, and has been Secretary of State for Children, Schools and Families
Secretary of State for Children, Schools and Families
The Secretary of State for Children, Schools and Families is a Cabinet minister in the United Kingdom. The post was created on 28 June 2007 after the disbanding of the Department for Education and Skills by Gordon Brown. The first Secretary of State was Ed Balls, a former treasury aide to Brown...

 since July 2007. Bernard Gray
Bernard Gray
Bernard Peter Gray is a British businessman and journalist. Graduated from Oxford University. He was a special adviser to the Labour Party, based in the Ministry of Defence. In December 2010 he was appointed to the role of Chief of Defence Materiel in the Ministry of Defence, leading the Defence...

, a former defence correspondent and Lex columnist, was chief executive of publishing company CMP before becoming chief executive of TSL Education, publisher of the Times Educational Supplement
Times Educational Supplement
The Times Educational Supplement is a weekly UK publication aimed primarily at school teachers in the UK. It was first published in 1910 as a pull-out supplement in The Times newspaper. Such was its popularity that in 1914, the supplement became a separate publication selling for 1 penny.The TES...

. 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 onto become Head of Technology for the Trinity Mirror Group.

Sir Geoffrey Owen was Editor, Financial Times, 1981–1990. Thereafter he joined the London School of Economics – Centre for Economic Performance (CEP) 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) issue which affected dozens of FT journalists, reporters and staff in the late 1980s.

Editors

1888: Leopold Graham
1889: Douglas MacRae
1890: William Ramage Lawson
1892: Sydney Murray
1896: A. E. Murray
1909: C. H. Palmer
1937: D. S. T. Hunter
1940: A. G. Cole
1945: Hargreaves Parkinson
Hargreaves Parkinson
Hargreaves Parkinson was editor of the Financial Times from 1945 until 1950. He was educated at Blackpool Grammar School and King's College London...

1949: Sir Gordon Newton
Gordon Newton
Sir Gordon Newton was a 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 editors of the post-Second World War era....

1972: Fredy Fisher
1981: Sir Geoffrey Owen
1991: Richard Lambert
Richard Lambert
Sir Richard Peter Lambert is the former Director-General of the CBI, and the present Chancellor of the University of Warwick.-Education:...

2001: Andrew Gowers
Andrew Gowers
Andrew Gowers was appointed editor of the Financial Times in October 2001. He resigned from this post in November 2005 citing "strategic differences", following the FT losing a libel case brought by brokerage firm Collins Stewart Tullett Plc....

2005: Lionel Barber
Lionel Barber
Lionel Barber is an English journalist.Barber was appointed Editor of the Financial Times in November 2005. Previously, he was the Financial Times' U.S. Managing Editor and before that, Editor of the FT's Continental European edition , during which he briefed US President George W. Bush ahead of...


Political allegiance

The Financial Times declared its support for Labour as early as the 1992 general election
United Kingdom general election, 1992
The United Kingdom general election of 1992 was held on 9 April 1992, and was the fourth consecutive victory for the Conservative Party. This election result was one of the biggest surprises in 20th Century politics, as polling leading up to the day of the election showed Labour under leader Neil...

, when Neil Kinnock
Neil Kinnock
Neil Gordon Kinnock, Baron Kinnock is a Welsh politician belonging to the Labour Party. He served as a Member of Parliament from 1970 until 1995 and as Labour Leader and Leader of Her Majesty's Loyal Opposition from 1983 until 1992 - his leadership of the party during nearly nine years making him...

 was attempting for the second time to return Labour to government for the first time since they had been ousted from power in 1979
United Kingdom general election, 1979
The United Kingdom general election of 1979 was held on 3 May 1979 to elect 635 members to the British House of Commons. The Conservative Party, led by Margaret Thatcher ousted the incumbent Labour government of James Callaghan with a parliamentary majority of 43 seats...

. In one of the surprise election results of the 20th century, John Major's
John Major
Sir John Major, is a British Conservative politician, who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 1990–1997...

 Conservatives
Conservative Party (UK)
The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...

 were elected for a fourth successive term; though their first under Major himself, as the previous three victories had been under Margaret Thatcher
Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher, was Prime Minister of the United Kingdom from 1979 to 1990...

.

For the 2010 general election, the Financial Times supported the Conservatives, despite criticising them. The party was re-elected after 13 years out of power. Failing to gain an overall majority they formed a coalition
Coalition
A coalition is a pact or treaty among individuals or groups, during which they cooperate in joint action, each in their own self-interest, joining forces together for a common cause. This alliance may be temporary or a matter of convenience. A coalition thus differs from a more formal covenant...

 with the Liberal Democrats
Liberal Democrats
The Liberal Democrats are a social liberal political party in the United Kingdom which supports constitutional and electoral reform, progressive taxation, wealth taxation, human rights laws, cultural liberalism, banking reform and civil liberties .The party was formed in 1988 by a merger of the...

.

External links

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