Tuesday, Mar 3, 2015Tuesday, Mar 3, 2015

Shares of Pearson, owner of Financial Times, plunge on profit warning

Published on Jan 23, 2014 6:17 PM

LONDON (AFP) - Shares in British publisher Pearson, owner of the Financial Times, plunged in morning trading on Thursday after the company issued a profits warning.

The shares were showing a fall of 7.55 per cent to 1,200 pence.

Pearson said that annual operating profit for 2013, before restructuring charges, would be sharply lower than in 2012.

The group, which has widespread publishing interests notably in educational publishing, said that the operating figure would be about 865 million pounds (S$1.83 billion).

If you are not a subscriber, you can get instant, unlimited access here