Financial Times to Launch FTpm - A New A4 Afternoon News Summary for Corporate Customers

The Financial Times is to launch a new afternoon news briefing in the UK. The new publication will be called ?FTpm', and will be available in print and online every afternoon from Monday to Friday.

FTpm will be made available to corporate clients, including City office developments and leading UK plcs, airlines and leading business hotels.

The printed copies will be in A4 format, with two sides of the day's top business news stories, comment and analysis.

Readers will also be able to download and print copies via a new PDF service on FT.com.

FTpm will carry advertising. Corporate clients who have already signed up for copies to be distributed in their offices include Merrill Lynch.

FTpm will launch by the end of April. It will be available from 4pm every day and will use content from FT.com, highlighting the strength of the FT's integrated print and online news operation and production systems.  It will also promote content, comment and analysis in the following day's Financial Times newspaper, and on FT.com.

Andrew Gowers, Editor of the Financial Times, commented: ? FTpm is an exciting new service from the FT. Our readers need to stay up to date with breaking business news throughout the working day, and rely on the FT not just for the news, but for the most incisive comment and analysis too. That's what we'll give them during their working day with FTpm. By publishing on FT.com, and in print, we can reach our readers throughout the working day, whether they are in front of PCs or on the move.?

Michael Rzesnitzek, Managing Director of the FT in EMEA commented; ?FTpm is a great new service for our corporate clients and core readers and will be distributed in a highly targeted manner. Our target audience is UK plc, and we'll reach our business readers in their offices, or when they are travelling. This is an important audience for our advertisers, and another way of making sure the FT is the UK's leading business news brand.?

For further information
Joanna Manning-Cooper
+44 (0)20 7873 4447

Notes to Editors 
Corporate Clients can sign up for the FTpm service by contacting James Mann or David Kybett in the FT Corporate Sales Team on 020 7873 4079/020 7873 4063

The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people.  The FT Group includes:

1. The Financial Times, one of the world's leading business newspapers, recognised internationally for its authority, integrity and accuracy.  Providing extensive news, comment and analysis, the newspaper is printed in 23 cities across the globe, has a daily circulation of over 425,000 and a readership of more than 1.6 million people worldwide.

2. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper. Since its relaunch in May 2002, the website has continued to be the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 3.6 million unique monthly visitors, generating 58.2 million page views and has over 76,000 subscribers. FT.com broke even in December 2002.

3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr, and Spain's leading business newspaper and website, Expansion and expansiondirecto.es.  In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.

4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors.  Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.

5. FT Business, which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.

6. The Financial Times Group also has a stake in a number of joint ventures, including;
· FTSE International, a joint venture with the London Stock Exchange.
· Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
· A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
· A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.
· A 13.85% stake in Business Standard, one of India's leading financial newspapers.

The FT Group is part of Pearson plc, the international media group.