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Axe falls on FT Research.(Financial Times Research Centre)(Brief article)

Information World Review

| January 07, 2008 | COPYRIGHT 2008 Incisive Media, published with the permission of Incisive Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Laura Smith

Axe falls on FT Research

The FT Research Centre, which has offered high-level companies and markets research to private clients for nearly 40 years, is to be closed down next year, IWR has learned.

The Financial Times said it had decided to wind up the global research service in 2008 for "strategic" reasons.

The Pearson-owned newspaper said it was too early to say what would happen to the centre's 12 members of staff.

The FT Research Centre was set up in 1969 to offer data and analysis tailored to the needs of those in the business sector, including tracking down key corporate facts, profiling rivals and researching emerging sectors.

The FT said in a statement: "Despite the very high quality of research provided by the team, we have made the decision to close the FT Research Centre in 2008 in order to focus on our more profitable ventures and new acquisitions which are more in line with our global strategy."

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