The operator of the London Stock Exchange has cancelled hundreds of corporate subscriptions to the Financial Times, reports Simon Hunt of CityAM.
Hunt reports, “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 group declined to comment on the move or the rationale behind the decision. 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.
“But in recent years, the pink-coloured broadsheet has pared back its reporting on the capital’s listed businesses in favour of a greater focus on overseas markets as well as increased reporting on politics.”
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