FTSE 100 falls as Pearson shares hit

FTSE 100 falls as Pearson shares hit
 

Shares in Pearson fell nearly 5% in early trade after the education publisher reported a worse-than-expected fall in sales.
Underlying sales fell 7% in the first nine months of the year, compared with analysts' forecasts of a 5% drop.
However, Pearson said cost cutting meant it was still on track to meet its profit targets for 2016.
Pearson shares fell 4.8% to 792.50p. It was the biggest faller on the FTSE 100, which fell 41.17 points to 6,972.38.
Shares in housebuilders were under pressure, with Persimmon and Barratt Developments both down by about 1.5%.
Ladbrokes shares fell 2.4%. The... read more

 
17 October 2016 in Business, Views: 41
Source: BBC
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