Print Edition - 2017-01-20  |  Money Digest

Pearson issues profit warning

- AFP, London

Jan 20, 2017-

Shares in Pear-son plunged up to 28 percent Wednesday after it issued a profit warning and said it would sell holdings in Penguin Random House, a joint venture with German media company Bertels-mann. “The challenges we have faced during 2016 mean we begin 2017 with a base level of underlying profitability that is around £180 million lower than we had expected.”

Published: 20-01-2017 09:52

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