Pearson expects lower first-half profits

Publisher and education business Pearson said that first-half profits would likely be lower than last year as it starts to phase in 150m pounds of restructuring costs.

Publisher and education business Pearson said that first-half profits would likely be lower than last year as it starts to phase in 150m pounds of restructuring costs.

Nevertheless, the company, which labels itself as the "world's leading learning company", reiterated its forecast for full-year operating profits to be flat on 2012.

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