Shares in Pearson rose as much as 15 per cent after the education group unveiled a fresh set of restructuring measures, ahead of what is set to be a fiery annual meeting.
The FTSE 100 group said it is looking at ways to save an additional £300m by the end of 2019, having already reduced around £650m in costs over the past four years.
It also announced it has begun a strategic review of its US school publishing business saying the unit is under competitive pressure and failing to keep pace with its more digitally-focused high school businesses.
Shares rose 15 per cent to 755p in early trade. The review of the US school publishing business, which accounts for around 8 per cent of group sales, took some analysts by surprise.
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