Despite Pearson’s recent string of disappointing results, which have wiped out half of the company’s market value over the past two and half years, their official releases maintain an orderly calm, using various comparison stats to make their world seem stable. The newest trading update fits squarely in that genre; they expect that full-year earnings will be at the higher end of their very modest guidance — if only the dollar had not dropped in value against the pound, so actual profit is below that guidance (but it’s not their fault). And while they are “expecting growth” in 2018, given […]
