Wyndeham extends FT contract

The Financial Times has extended its print contract while consolidating its magazine printing with Wyndeham Group, moving titles away from Polestar.

Wyndeham has printed the FT's magazines for more than 15 years and under the new agreement is set to continue until at least May 2016.

The group has also secured the contract to print FT titles Financial Adviser, Money Management, Professional Wealth Management and Investment Adviser, which are currently printed at Polestar Colchester.

Printing will be split between its Heron and Peterborough sites and will begin in September.

The titles will join Wyndeham's existing FT portfolio, comprising FT Weekend Magazine, This Is Africa, The Banker, How To Spend It and Investors Chronicle. Printing is split between its Heron, Roche and Peterborough sites.

FT head of operational procurement Denise Macklin said: "We are pleased to have consolidated our magazine printing portfolio with Wyndeham Group and look forward to continuing our successful partnership in the future."

Wyndeham chief executive Paul Utting said: "The Financial Times has a very happy relationship with us and they felt the levels of service and our vision for the future was preferential to their current options.

"We are really pleased to have agreed this bigger deal. Our success with this contract shows that our strategy is appropriate for the market we serve and that we are well placed for the long term."

This latest contract win follows Wyndeham's announcement in May that it has extended its contract to print The Economist for a further three years. The title is printed at its Peterborough site.