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Pearson reporting sliding sales
24 Oct 2014 12:12
British publisher Pearson, owner of the Financial Times newspaper, suffered a fall in sales in the first nine months of the year, hit by adverse currency factors.
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Sales dropped by 6% in the first nine months of 2014, compared with a year earlier, Pearson added in a trading update which gave no profit figures.
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The performance was dented by the strength of the British pound against the US dollar and emerging market currencies.
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At constant exchange rates, however, sales grew by 1% in the reporting period.
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Pearson repeated its full-year earnings guidance of between 62 pence and 67 pence per share.
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