Pearson: share up after good start to the year
(CercleFinance.com) - British publisher Pearson was one of the biggest risers on the FTSE 100 index on the London Stock Exchange on Monday after reporting a strong quarterly performance.
Pearson this morning announced that it had made a "good start to the year", with underlying sales growth of 5% in the first quarter, above the consensus of around 4%.
The educational and professional publisher also confirmed it was targeting revenue and profit growth in 2021, with the expected easing of restrictions stemming from the Covid crisis.
The group said that it is making good strategic progress in its digital transition, and is well ahead in preparing for the launch of its new university education app, with its organisational redesign well underway.
At around 10.15am (London time), the shares were up over 2% in pretty flat FTSE 100 index.
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