Pearson released a brief trading update for the fourth quarter and full year 2022, ahead of their full results for the year on March 3. “Underlying” sales were down 1 percent for the quarter but up 5 percent for the year, and adjusted operating profit for the year was up 11 percent to £455 million. The company saw growth for the year in all segments except for Higher Education, which dropped 4 percent, at approximately £900 million, “an expected, albeit reduced, decline.” There, the company restructured the sales team and refocused sales and marketing and invested in modernizing their products. […]
