Pearson slips as investors show pre-results nerves
Pre-results jitters put Pearson among Monday’s sharpest fallers. Ahead of its full-year figures due Friday, Pearson faded 3.9 per cent to 642.5p. Since a profit warning in late January, the textbook publisher had rallied as much as 17 per cent amid hopes of another round of cost-cutting. But Pearson has already spent £610m on restructuring since 2013, to net cumulative savings of just £586m even before reinvestment, […]