Shares in Pearson have soared as investors cheered a fresh set of restructuring measures unveiled by the education group ahead of its AGM on Friday.
Pearson said it was looking at ways to save an additional £300m by the end of 2019 and that it has begun a strategic review of its US school publishing business in a bid to speed up its transition to a slimmer, more digital group.
Shares rose 15 per cent to 755p in early trade.
The review of its US school publishing business took some analysts by surprise. Until now more attention has been focused on the groups college education business, which accounts for just under a third of revenues and has suffered amid a fall in demand for printed text books. The school business accounts for aro…
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