Pearson sells FTSE share to LSE

Pearson, the owner of the Financial Times and Penguin books, is to sell its 50% stake in FTSE International Limited to the London Stock Exchange.

Pearson, the owner of the Financial Times and Penguin books, is to sell its 50% stake in FTSE International Limited to the London Stock Exchange.

Pearson will receive £450m for its stake in FTSE, which manages and creates equity, bond and alternative asset class indices. FTSE's current portfolio extends to 200,000 products.

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