Pearson shares lifted by shift to digital

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Pearson shares lifted by shift to digital
Ken Wolter /
Master Investor Magazine

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Shares in FTSE 100 publisher Pearson (LON:PSON) climbed by 5.19% to 920.80p (as of 15:00 BST) as underlying revenue improved by 2% over the half-year ended 30th June with growth across all core business segments. However, headline sales dropped by 2% due to the disposal of certain non-core operations.

CEO John Fallon commented: “We’ve had a good first half, with underlying growth across all divisions, as we start to benefit from accelerating our shift to digital. We are on track to at least stabilise revenue this year and return the company to top line growth from 2020. We are excited by the new digital products and platforms we’re now launching, and our ability to help millions more people prepare for, develop in, and change careers through a lifetime of learning“.

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