Joining the big wave of earnings reports was Pearson on Friday, with results for the first half of the year. Sales fell £131 million to £1.866 billion, down 7 percent overall (and down 11 percent on a currency neutral basis) — “primarily due to the expected declines in assessment revenues in the US and UK” — and income fell away, with operating profit from continuing operations of £15 million and a loss 1.3 pence per share. The latest of their continuing restructuring initiatives, given the innocuous-sound name of “simplification and change programs,” is said to be on pace, and they […]
