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The Financial Times regrets the way in which it reported the allegations made against Collins Stewart in August 2003 by Collins Stewart’s former employee James Middleweek.

The Financial Times is happy to clarify that it did not ever endorse Mr Middleweek’s allegations and it apologises for any impression to the contrary that may unintentionally have been given.

The Financial Times has agreed to pay substantial damages and legal costs to Collins Stewart.

Copyright The Financial Times Limited 2018. All rights reserved.

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