In what counts as good news after a long run of profit warnings and disappointments, Pearson told investors they were raising the lower end of their profit guidance for the year by £30 million. “Whilst we anticipate the underlying structural pressures in US higher education courseware will persist in the medium term, the relative strength of trading in this business is helping our profits this year.” CEO John Fallon reiterates the challenges they face, and the hope to remain standing as the biggest company in a shrinking space: “We expect tough market conditions in our biggest business to continue over […]
