Education and publishing group Pearson has confirmed that it is in “advanced talks” about the sale of its Financial Times newspaper.

The Financial Times has been a leader in financial journalism for 130 years, 60 of which have been under Pearson’s ownership.

In a statement, the group said that “it had noted recent press speculation and confirms that it is in advanced discussions regarding the potential disposal of FT Group”.

“There is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate,” it added.

Reuters reported earlier that Pearson had decided to sell the FT to a “global, digital news company”; this decision would reflect their recent aim to focus purely on education.

Pearson shares are currently trading up 2.5%at the news.