Pearson sees underlying sales growth in tough quarter

Publishing giant Pearson continues to expect growth in sales and operating profits this year, despite markets stubbornly refusing to show many signs of improvement.

Publishing giant Pearson continues to expect growth in sales and operating profits this year, despite markets stubbornly refusing to show many signs of improvement.

The Financial Times and Penguin books publisher said sales increased by 11% at constant exchange rates to £1.16bn in the first three months of the year. The underlying sales increase was 3% while what Pearson calls the headline increase was 12%. The growth was in line with market expectations.

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