Publishing group Pearson has marginally increased its earnings guidance for 2011 on the back of strong growth in its digital services.
For the year as a whole, Pearson generated around £2bn of digital revenues and some £600m of revenues in emerging markets. The group now expects to report 2011 adjusted earnings per share (EPS) growth of about 10% from 2010's EPS of 77.5p, ahead of previous guidance of around 83p per share.
More to follow ...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
