Paul Murphy to Join FT as Development Editor, FT.com

London - The Financial Times today announces the appointment of Paul Murphy as Development Editor, FT.com, to help spearhead the expansion of the world's leading business website.

Murphy, 43, joins from the Guardian newspaper, where he was financial editor for seven years. He previously held senior positions in business journalism at the Sunday Business newspaper and the Daily Telegraph.

Lionel Barber, Editor of the Financial Times, commented: 'Paul is one of the most talented business journalists around, and I am delighted he is joining us. This is an exciting new role, helping to shape the expansion of FT.com..'

Paul Murphy said: 'I'm thrilled to be joining the new FT team being built by Lionel Barber. I think he is a visionary editor who will take the paper - and its website - to a new level of excellence. Being part of that is a great challenge and really quite exciting'.

For further information

Please contact Joanna Manning Cooper on +44 (0)20 7873 4447
Biography available on request.

About the FT Group

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, is 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 3.9 million unique monthly visitors, generating 46 million page views and has almost 80,000 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.  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.