Pearson stays on track in tough conditions

Publishing giant Pearson continues to expect growth in sales and operating profits this year, having traded in line with expectations in the first quarter.

Publishing giant Pearson continues to expect growth in sales and operating profits this year, having traded in line with expectations in the first quarter.

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%.

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