News Column

FT publisher's profits suffer

July 26, 2014

FINANCIAL Times publisher and education group Pearson has reported a 41 per cent fall in first-half profits to pound(s)73 million after the firm was hit by higher restructuring charges and currency movements.

Pearson, which did not change its full-year guidance, said it expects to invest pound(s)50m in digital services and expanding its emerging market business in 2014. Sales dipped by seven per cent from pound(s)2.19 billion to pound(s)2.05bn.

Chief executive John Fallon said it was a "good, competitive performance".

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Source: Herald, The (Scotland)

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