Pearson offered a first quarter interim statement, reaffirming their expectations from early March when they reported full-year results. “For 2009 as a whole, we expect tough market conditions for US School publishing, financial advertising and the consumer books industry…. At Penguin, we continue to see challenging trading conditions for book publishers and booksellers. Demand for new fiction and non-fiction is generally good and growth in digital formats is very strong, but illustrated reference and travel categories are weak.” Release Informa is selling extra shares to raise 242 million pounds in order to cut its debt. The stock rose sharply, interpreted […]
