Pearson slump and weaker energy shares hit FTSE

Pearson slump and weaker energy shares hit FTSE
 

Education company Pearson led Britain's top share index lower on Monday after saying in an update that market conditions continued to be challenging.
The blue-chip FTSE 100 index was down 0.6 percent at 6,970.30 points by 0859 GMT after climbing to a record high last week. Britain's mid-cap index was down 0.66 percent.
Pearson was down 9.3 percent after reporting a 7 percent drop in its nine-month organic sales and saying that retailers had further corrected their inventory demands in July and August.
"Pearson is now relying on its core educational businesses for forward momentum, but... read more

 
17 October 2016 in World News, Views: 24
Source: Reuters
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