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LSEG axes Financial Times subscriptions amid FTSE coverage retreat
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City AM
LSEG axes Financial Times subscriptions amid FTSE coverage retreatThe Financial Times has cut back its FTSE coverageThe operator of the London Stock Exchange has cancelled hundreds of corporate subscriptions to the Financial Times, City AM understands, in a move that could end a decades-long relationship between the two City institutions.
LSEG is understood to have taken the decision in response to the paper’s gradual retreat from coverage of the London markets, with more resources at the paper instead ploughed into politics and international reporting.
The Financial Times did not respond to a request for comment.
Since it was founded as the London Financial Guide in 1888, coverage of the London stock market has been the mainstay of the Square Mile-based Financial Times, from which London’s FTSE 100 index derives its name.
FTSE out of focusA City AM analysis of Financial Times reporting suggests the frequency of the paper’s coverage of large cap London-listed businesses has fallen by as much as 70 per cent since 2010.