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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."