Pearson, the owner of the Financial Times (FT), has acquired Medley Global Advisors, a US provider of intelligence to investment banks, for an undisclosed sum.

Medley provides research and analysis on events that affect interest rates, currencies and energy markets. The business will continue to be run from its headquarters in New York and will maintain offices in Washington DC, London, Frankfurt, Beijing and Tokyo. The deal will enhance the FT's services for financial institutions and asset managers.

John Ridding, chief executive of the FT, said: 'This acquisition delivers another premium service to an important FT audience and reinforces our strategy of building strong subscriber and digital businesses in core sectors.'

In the six months ending June, the FT group reported sales of £425 million and operating profits of £88 million.