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.[6][7] In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital.[8] 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 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 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 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, its only rival being the more daring and slightly older (founded in 1884) Financial News. On 2 January 1893 the FT began printing on light pink paper to distinguish it from the similarly named Financial News: at the time, it was also cheaper to print on unbleached paper (several other more general newspapers, such as The Sporting Times, had the same policy), but nowadays it is more expensive as the paper has to be dyed specially.[15]
The Berry brothers, Lord Camrose and Gomer Berry (later Lord Kemsley), purchased the Financial Times in 1919.[16]
In 1945, Brendan Bracken purchased the Financial Times from Lord Camrose,[16] and, following 57 years of rivalry, merged it with 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.[17]
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 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 ExchequerNigel Lawson. The FT's distinctive recruitment policy for Fleet Street journalists was never popular with the National Union of Journalists and ceased in 1966 following the recruitment of Richard Lambert from Oxford, himself a future Editor of the FT. Meanwhile, Pearson had bought the paper in 1957.[18]
Over the years, the paper grew in size, readership and breadth of coverage. It established correspondents in cities around the world, reflecting a renewed impetus in the world economy towards globalisation. As cross-border trade and capital flows increased during the 1970s, the FT began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first FT (Continental Europe edition) was printed outside the UK, in Frankfurt; printing in the U.S. began in July 1985.[19] 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.[20]
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.[21] In 1994 FT launched a luxury lifestyle magazine, How To Spend It. In 2009 it launched a standalone website for the magazine.[22] 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 the changes online. FT introduced subscription services in 2002.[23]FT.com is one of the few UK news sites successfully funded by individual subscription.
In 1997, the FT launched a U.S. edition, printed in New York, Chicago, Los Angeles, San Francisco, Dallas, Atlanta, Orlando and Washington, D.C., although the newspaper was first printed outside New York City in 1985. In September 1998 the FT became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the Financial Times started publishing a German-language edition, Financial Times Deutschland, 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.[24]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.[25][26] 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.[27] Since 2005 the FT has sponsored the annual Financial Times Business Book of the Year Award.[28]
On 23 April 2007, the FT unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times".[29] In 2007 the FT pioneered a metered paywall, which let visitors to its website read a limited number of free articles during any one month before asking them to pay.[30] 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.[31] 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.[32][33]
The FT has been available on Bloomberg Terminal since 2010[34] and on the Wisers platform since 2013.[35] 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.[7][36] Pearson sold the Financial Times Group to Nikkei, Inc. for £844 million (US$1.32 billion) in July 2015.[37][38][39]
In 2016, the Financial Times acquired a controlling stake in Alpha Grid, a London-based media company specialising in the development and production of quality branded content across a range of channels, including broadcast, video, digital, social and events.[40] 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.[41] This investment built on the Financial Times' recent growth in several business areas, including branded content via the acquisition of Alpha Grid, and conferences and events through Financial Times Live and extends the FT'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.[citation needed]
In 2020, the retraction of an opinion piece by a reporter for the Financial Times generated a controversy about the editorial independence of the paper from outside political pressure. The controversy followed the withdrawal by the newspaper's editor of an opinion piece by FT'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 the FT website on the same day as its publication.[42] 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.[43] The editor of the FT, Roula Khalaf, who took the decision to withdraw the initial article, acknowledged having been contacted by 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.[44]
In January 2019, the FT began a series of investigative articles detailing fraud suspicions at German payments group Wirecard. When the Wirecard share price plunged, German news media speculated that market manipulation was behind this attack on a German corporate, focusing on the lead author of the FT series, Dan McCrum. The Public prosecutor's office in Munich subsequently launched an investigation.[45] 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.[46]
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.[47] BaFin itself became subject of a European Securities and Markets Authority investigation for its response to the scandal.[48]
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 was once 50% owned by FT, reaches 32%. FT'sThe Banker also proved vital reading, reaching 24%.[50] 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 was second.[51]
In 2022, the FT launched FT Edit, a low-price app aimed at attracting a younger audience.[52]
Content
The FT is split into two sections. The first section covers domestic and international news, editorial commentary on politics and economics from FT journalists such as Martin Wolf, 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. 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.[53][54] About 110 of its 475 journalists are outside the United Kingdom.
The Lex column
The Lex column is a daily feature on the back page of the first section. It features analyses and opinions covering global economics and finance. The FT calls Lex its agenda-setting column. The column first appeared on Monday, 1 October 1945. The name may originally have stood for Lex Mercatoria, a Latin expression meaning literally "merchant law". It was conceived by Hargreaves Parkinson for the Financial News in the 1930s, and moved to the Financial Times when the two merged.
Lex boasts some distinguished alumni who have gone on to make careers in business and government—including Nigel Lawson (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 (former Conservative Member of Parliament for Orpington).[55]
FT Weekend
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
HTSI (originally How to Spend It) is a weekly magazine published with FT Weekend. Founded and launched by Julia Carrick[56] with Lucia van der Post as founding editor,[57] 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 a one-page consumer goods feature in the newspaper, which was edited by Sheila Black, the FT's first female journalist, a former actor.[58] To celebrate its 15th anniversary, FT launched the online version of this publication on 3 October 2009.[57]
Some media commentators were taken aback by the online launch of a website supporting conspicuous consumption during the financial austerity of the late-2000s recession.[57] The magazine has been derided in rival publishers' blogs, as "repellent" in the Telegraph[59] and "a latter-day Ab Fab manual" in the Guardian.[60] 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.[61]
In September 2021, an Arabic version of HTSI was launched by Othman Al Omeir, founder of Elaph online newspaper.[62]HTSI Arabic is published in London.[62]
The name of the magazine was changed in 2022 from How to Spend It to HTSI.
Editorial stance
Russian president Vladimir Putin in controversial interview by Lionel Barber and Henry Foy of the Financial Times in 2019
The modern FT is a product of a merger of two smaller newspapers in 1945; since that time, the paper had backed the Conservatives fairly consistently, but Labour's tacking to the centre, combined with the Conservatives' embracement of Euroscepticism, led the FT to reverse course and back Labour from 1992 until 2010, when the FT returned to the Conservative Party. Euroscepticism further drove a wedge between the FT and the Conservatives in 2019, when the paper refused to make an endorsement, opposed to Labour's socialist economic policies (for wanting to "reverse, not revise, the Thatcherite revolution of the 1980s") and the Conservatives' commitment to a hard Brexit.[66][67]
In respect of the Russian invasion of Ukraine, FT commentator Martin Wolf expressed support for Ukraine.[68] Two years before the invasion of Ukraine by Russia, the FT offered an interview to the Russian President Vladimir Putin.[69] The interview received praise, as it offered an unusual access to the Russian leader's thinking.[70] President Putin used the interview to state his opinions about the value of liberal democracy.[71] The Ukrainian newspaper Kyiv Post accused the FT of asking President Putin softball questions, and said the interviewers failed to hold Putin to account.[72]
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.[74] 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 the Eurosceptic elements in her party.[75] The FT declared 2019 general election a "fateful election" that "offers no good choices".[76] 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".[77]
The FT has been owned by Nikkei since 2015; the Japanese holding company purchased the paper for £844m (US$1.32 billion).
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)[37][38] and the acquisition was completed on 30 November 2015.[39] Under the transaction agreement, Pearson retained the publishing rights to FT Press and licensed the trademark from Nikkei.[83] Until August 2015 the FT group had a 50% shareholding in The Economist, which was sold to the Agnelli family for £469 million.[84] 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.[85] In addition, the FT Group has a unit called FT Specialist, which is a provider of specialist information on retail, personal and institutional finance segments. It publishes The Banker, Money Management and FT Adviser (a publication targeted to the financial intermediary market),[86]fDi Intelligence and Professional Wealth Management (PWM).[87] In 2013, FT Specialist acquired a majority stake in medical publisher Endpoints News.[88]
The Financial Times Group announced the beta launch of newssift,[89] 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[90] (an online news and commentary site for the industry) and Exec-Appointments[91] (an online recruitment specialist site for the executive jobs market). The FT Group once had a 13.85% stake in Business Standard Ltd of India, the publisher of the Business Standard. It sold this stake in April 2008 and has entered into an agreement with Network 18 to launch the Financial Times in India,[92][93] 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,[94] the publisher of The Times of India and The Economic Times. The group also publishes America's Intelligence Wire, a daily general newswire service.[95]
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, 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, fDiIntelligence and Professional Wealth Management (PWM).[96] Money-Media, a separate arm of Financial Publishing, delivers a range of digital information services for fund management professionals around the globe, including: Ignites, Ignites Europe, Ignites Asia, FundFire and BoardIQ. Financial Publishing includes publications (Pensions Expert and Deutsche Pensions & Investmentnachrichten) and events (Investment Expert) for the European pensions industry. The group also publishes MandateWire, a financial information company that provides sales and market intelligence for investment professionals in North America, Europe and Asia.[87]
FT Knowledge is an associated company which offers educational products and services. FT Knowledge has offered the "Introducing the City" course (which is a series of Wednesday night lectures and seminars, as well as weekend events) during each autumn and spring since 2000. FT Predict is 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 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, 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.[97][98]
The Financial Times collates and publishes a number of financial market indices, which reflect the changing value of their constituent parts. The longest-running of these was the former Financial News Index, started on 1 July 1935 by the Financial News. The FT published a similar index; this was replaced by the Financial News Index — which was then renamed the Financial Times (FT) Index — on 1 January 1947. The index started as an index of industrial shares, and companies with dominant overseas interests were excluded, such as the Anglo-Iranian Oil Company (later BP), British-American Tobacco, Lever Brothers (later Unilever) and Shell. The oil and financial sectors were included decades later.[99]
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.[99] The letters F-T-S-E represented that FTSE was a joint venture between the Financial Times (F-T) and the London Stock Exchange (S-E). On 13 February 1984 the FTSE 100 was introduced, representing about eighty per cent of the London Stock Exchange's value.[99]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.
In 2021, the Financial Times started publishing three multi-asset indexes with Wilshire Associates covering combinations of the top five cryptocurrencies.[100]
People
In July 2006, the FT announced a "New Newsroom" project to integrate the newspaper more closely with FT.com. At the same time it announced plans to cut the editorial staff from 525 to 475. In August 2006 it announced that all the required job cuts had been achieved through voluntary layoffs. A number of former FT journalists have gone on to high-profile jobs in journalism, politics and business. Robert Thomson, previously the paper's US managing editor, was the editor of The Times 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 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, 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 the 1990s. He went on to become Head of Technology for the Trinity Mirror Group.[citation needed]
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.[101] During his tenure at the FT he had to deal with rapid technological change and issues related to it, for example repetitive strain injury (RSI), which affected dozens of FT journalists, reporters and staff in the late 1980s.[citation needed]
The Economist is a weekly newspaper published in printed magazine format and digitally. It focuses on current affairs, international business, politics, technology, and culture, and is mostly written and edited in Britain. Based in London, the newspaper is owned by the Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim.
The Wall Street Journal (WSJ), also referred to simply as theJournal, is an American newspaper based in New York City, with a focus on business and finance. It operates on a subscription model, requiring readers to pay for access to its articles and content. The Journal is published six days a week by Dow Jones & Company, a division of News Corp. The first issue was published on July 8, 1889.
The Nikkei, also known as The Nihon Keizai Shimbun, is the flagship publication of Nikkei, Inc. and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tokyo Stock Exchange, has been calculated by the newspaper since 1950.
The Globe and Mail is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the Toronto Star in overall weekly circulation because the Star publishes a Sunday edition, whereas the Globe does not. The Globe and Mail is regarded by some as Canada's "newspaper of record".
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie", is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on the London Stock Exchange.
Pearson plc is a multinational corporation, headquartered in the UK, focused on educational publishing and services.
The Financial Times Deutschland was a German-language financial newspaper based in Hamburg, Germany, published by Bertelsmann's Gruner + Jahr newspaper and magazine division. The daily contained four sections: Business, Politics & Economy, Finance, and Agenda. It ceased publication on 7 December 2012.
The Economist Newspaper Limited is a media company headquartered in London, England. It is best known as publisher of The Economist newspaper and its sister lifestyle magazine, 1843. The Economist Group specialises in international business and world affairs information. Its principal activities are in print and digital media as well as in conferences and market intelligence.
Pearson Education, known since 2011 as simply Pearson, is the educational publishing and services subsidiary of the international corporation Pearson plc. The subsidiary was formed in 1998, when Pearson plc acquired Simon & Schuster's educational business and combined it with Pearson's existing education company Addison-Wesley Longman. Pearson Education was restyled as simply Pearson in 2011. In 2016, the diversified parent corporation Pearson plc rebranded to focus entirely on education publishing and services, and as of 2023 Pearson Education is Pearson plc's main subsidiary.
FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates the well known UK FTSE 100 Index as well as a number of other indices. FTSE stands for Financial Times Stock Exchange.
Les Echos is the first daily French financial newspaper, founded in 1908 by brothers Robert and Émile Servan-Schreiber. Owned by LVMH, it has an economic liberal stance and "defend[s] the idea that market is superior to plan". Les Echos is the main competitor of La Tribune, a rival financial paper.
Wirecard AG is an insolvent German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. In June 2020, the company announced that €1.9 billion in cash was missing. It owed €3.2 billion in debt. In November 2020, the company was dismantled after it sold the assets of its main business unit to Santander Group for €100 million. Other assets, including its North American, UK and Brazilian units had been previously sold at nondisclosed prices. The company offered electronic payment transaction services and risk management, and issued and processed physical and virtual cards. As of 2017, the company was listed on the Frankfurt Stock Exchange, and was a part of the DAX stock index from September 2018 to August 2020.
Turquoise is an equities trading platform, created by nine major investment banks in 2008. The aim was to provide dealing services at a 50% discount to traditional exchanges. It is a hybrid system that allows trading both on and off traditional exchanges. The system was advertised as a "pan-European platform based in London".
London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure. Headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.
Derwent London is a British-based property investment and development business. It is headquartered in London and is a constituent of the FTSE 250 Index.
CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The 2015–2016 stock market selloff was the period of decline in the value of stock prices globally that occurred between June 2015 to June 2016. It included the 2015–2016 Chinese stock market turbulence, in which the SSE Composite Index fell 43% in just over two months between June 2015 and August 2015, which culminated in the devaluation of the yuan. Investors sold shares globally as a result of slowing growth in the GDP of China, a fall in petroleum prices, the Greek debt default in June 2015, the effects of the end of quantitative easing in the United States in October 2014, a sharp rise in bond yields in early 2016, and finally, in June 2016, the 2016 United Kingdom European Union membership referendum, in which Brexit was voted upon.
Nikkei, Inc. is a Japanese media company which owns The Nikkei and the Financial Times. Its first publication was in 1876 with the publication of The Chugai Bukka Shimpo . In 1946, the company name was changed to Nihon Keizai Shimbunsha, while the newspaper changed its title to the Nihon Keizai Shimbun, both of which were later shortened to Nikkei.
The Wirecard scandal was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany. The company was part of the DAX index. They offered customers electronic payment transaction and risk management services, as well as the issuance and processing of physical cards. The subsidiary, Wirecard Bank AG, held a banking license and had contracts with multiple international financial services companies.
Akshay Naheta is an Indian-born British business executive. He is the Founder & CEO of Distributed Technologies Research (DTR), a decentralized finance startup focusing on stablecoin technology and other linked services.
↑ Morgan, Kevin; Marsden, Terry; Murdoch, Jonathan (2006). Worlds of Food: Place, Power, and Provenance in the Food Chain. Oxford University Press. p.41. ISBN978-0-19-155662-3. The neo-liberal Financial Times was outraged by the Farm Bill's 'grotesque farm subsidies' and it accused Washington of having 'surrendered to protectionism', while the heads of the WTO, World Bank, and the IMF penned a joint protest ...
↑ Schaeffner, Christina (2010). Political Discourse, Media and Translation. Newcastle upon Tyne: Cambridge Scholars Pub. ISBN978-1-4438-1793-6. OCLC827209128.
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