Pearson, the UK educational publisher, expects profits next year to be lower than in 2017 because of costs from selling parts of its business and the impact of the weaker dollar against the pound.
The FTSE 100 company forecast on Wednesday that this years profits would come in at the top end of guidance as its restructuring programme pays off but warned there was unlikely to be a recovery in its US textbooks business.
At December 2016 exchange rates, when the dollar was stronger, full-year adjusted operating profits were expected to be between £600m and £605m, Pearson said. This was at the upper end of guidance issued in …
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