Pearson to sell Financial Times


British publisher Pearson has agreed a deal to sell its Financial Times (FT) Group unit, including the iconic pink newspaper brand and associated financial publications, to Japan's Nikkei.

The £844m (€1.2bn) cash deal does not include FT Group's London property at One Southwark Bridge in central London or Pearson's 50pc stake in The Economist Group.

The Financial Times Group is profitable, and contributed £334m of sales and £24m of operating income to Pearson last year.