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Questions about Financial Times

Short answers, pulled from the story.

When was the Financial Times founded and what was its original name?

The Financial Times was founded on the 10th of January 1888 under the name the London Financial Guide. It renamed itself the Financial Times on the 13th of February 1888, just over a month after launch.

Why is the Financial Times printed on pink paper?

The pink color dates to the 2nd of January 1893, when the FT began printing on light-colored stock sourced from the Bodelva clay pit near St Austell in Cornwall. At the time it was cheaper not to bleach the paper; today the paper actually pays extra to dye the stock specially. The color also helped distinguish the FT from its similarly named rival, the Financial News.

Who bought the Financial Times from Pearson and for how much?

Nikkei, Inc. agreed to buy the Financial Times Group from Pearson on the 23rd of July 2015 for 844 million pounds, equivalent to 1.32 billion US dollars. The acquisition completed on the 30th of November 2015.

What is the Wirecard scandal and how was the Financial Times involved?

Beginning in January 2019, FT reporter Dan McCrum published a series of investigative articles detailing fraud suspicions at German payments company Wirecard. On the 22nd of June 2020, after 18 months of investigation, Wirecard announced that 1.9 billion euros reported in its accounts may not exist. The company subsequently filed for insolvency, and the German financial regulator BaFin became subject to a European Securities and Markets Authority investigation for its response.

How many subscribers does the Financial Times have?

In 2023, the Financial Times reported 1.3 million subscribers, of whom 1.2 million were digital. In 2019 the paper had reached one million paying subscriptions, with three-quarters of those being digital.

What is the FTSE 100 and what does the name stand for?

The FTSE 100 is a share index representing approximately 80 percent of the London Stock Exchange's value, introduced on the 13th of February 1984. The letters F-T-S-E stand for the joint venture between the Financial Times and the London Stock Exchange that created it. FTSE Group became an independent company in 1995.