FT Stock Picking Competition

Competition Terms and Conditions

Eligibility 

1. These terms and conditions include all instructions of how to take part in FT’s 2025 Stockpicking Contest (“Competition”). By entering into the Competition, entrants agree to these terms and conditions and acknowledge that failure to comply with them may result in disqualification. No purchase is necessary to enter.
2. The Competition is open to registered users of markets.ft.com only.  Directors, employees and immediate family members of employees of The Financial Times Limited (“FT”) its associated companies and agencies may enter the Competition, but are not eligible to be selected as a winner. Their results will be reported separately from all other entrants’ results. 
3. The Competition shall be void where prohibited by local laws or regulations, including where in FT’s reasonable opinion we cannot accept an entry or provide a prize due to sanctions laws or banking restrictions. It is the responsibility of entrants to ensure that they are able to participate in the Competition in compliance with local laws and regulations. To the fullest extent permitted by law, FT is not liable where an entrant has breached local laws and/or regulations in connection with the Competition.

Entries

1. The Competition is open for entries from January 24, 2025 at 05:00 GMT and closes on January 31 2025 at 23.59 GMT. To enter the Competition, complete the online form at ft.com/stock-picking-competition. Entry will require internet access. Only one entry per person is permitted. FT is not responsible for late or incomplete entries, or for entries not received. There is no fee payable to enter.
2. A mathematical algorithm based on public market data will be used to select a Winner, or, in the case of identical winning entries, multiple Winners (each a “Winner”) - based on the following rules:

• The participant has submitted a valid entry of exactly five different individual companies from among those available for selection on markets.ft.com and has correctly selected a “long” or “short” position for each of the five selections. 
• The participant has not selected any fund, ETF or other non-equity security as one or more of their five selections.
• The mean percentage increase in the share price of the participant’s five selected equities between the close of markets on January 31, 2025 and the and the close of markets on December 31 2025 is greater than the equivalent value for the entries of all other players in the competition, when calculated as follows for each selected company:
  • The value of “long” positions is considered to be the percentage change in the share price as listed on markets.ft.com between the close of markets on January 31, 2025 and the and the close of markets on December 31 2025;
  • The value of “short” positions is considered to be the percentage change in the share price as listed on markets.ft.com between the close of markets on January 31, 2025 and the and the close of markets on December 31 2025, multiplied by -1.
  • For any company that has been delisted from public markets between January 31, 2025 and December 3, 2025 for whatever reason, the percentage change shall be calculated between January 31, 2025 and the final date for which a listing is available.

Prize

1. The Winner(s) and two runners-up (defined as the two entrantswhose selection portfolios mean percentage increase as defined in (6) is second- or third-greatest among all entrants)  shall receive a personal tour of the FT Bracken House newsroom conducted by members of the FT Money editorial team  (the “Prize”). 
2. Travel to and from the event and any other costs incurred in connection with the Prize are not included and are the responsibility of  the Winner. 
3. The result of the Competition is final and no correspondence will be entered into. The Prize is non-transferable, non-refundable and any non-cash elements of the Prize have no cash value if not used.

Notification of Winner

1. The Winner(s) and runners-up will be notified by e-mail on or after the first working day after January 1 2026, and, in any event, no later than January 31 2026,  and FT will provide details of how to arrange the Prize If the Prize is declined or unclaimed by a Winner or runner up, or if they cannot be contacted from the details supplied within 3 business days of notification, no replacement winner will be chosen. FT will not be liable for any failure, delay or inability to contact a Winner or runner up.
2. The surname and county of the Winner(s) will be available from 14 February 2026 by e-mailing money@ft.com, unless a Winner notified FT at the time of entry it objected to such information being made available.
3. Winners may be required to complete and return an eligibility form stating their age and residency details.

General 

1. FT reserves the right to cancel, suspend or amend the Competition, or any part of it (including these Terms and Conditions) or change the Prize (to one of equivalent or greater value) as required by the circumstances in FT’s sole discretion. FT reserves the right, in its sole discretion, to disqualify any individual who has not complied with the letter or the spirit of these Terms and Conditions. Any failure by FT to enforce any provision in these Terms and Conditions shall not constitute a waiver of that provision.
2. FT cannot accept responsibility for or liability arising from entrants taking part in the Competition or for taking up the Prize. FT gives no warranty or guarantee in relation to the Prize and accepts no responsibility or liability for the Prize being amended by FT. To the fullest extent permitted by law, FT excludes liability for all loss, damage or claim arising as a result of the Participant’s entry into the Competition or use of the Prize (save in the case of death or personal injury caused by the negligence of FT).
3. Any personal data which may be submitted in an entry will be processed by FT in accordance with any applicable data protection legislation and the FT Privacy Policy, available at: http://help.ft.com/legal/financial-times-privacy-policy. As set out in the FT Privacy Policy, we may share your personal data with our service providers including, for example, with any third party supplier of the Prize.
4. Unless agreed otherwise, entrants retain ownership over their entry to the Competition. By submitting an entry, entrants grant FT a worldwide, non-exclusive, sub-licensable, irrevocable and royalty-free licence to use, display, publish, transmit, copy and edit the entry, in whole or in part, in any way and in any media, whether now known or invented in the future. Entrants warrant that their entry does not breach any applicable laws or regulations or infringe any third intellectual property or privacy rights, and is not in any way libellous, defamatory, obscene, indecent, harassing or threatening. 
5. By entering the Competition, entrants agree to hold FT harmless for liability, damages or claims for injury or loss to any person or property, relating to, directly or indirectly, participation in this Competition, or claims based on publicity rights, third party intellectual property rights, defamation or invasion of privacy.
6. These terms and conditions shall be governed by and construed in accordance with English law. Disputes arising in connection with this Competition shall be subject to the exclusive jurisdiction of the English courts.
7. The promoter is The Financial Times Ltd, Bracken House, 1 Friday Street, London EC4M 9BT.