Pearson warns of tough market conditions

City A.M. Reporter
Education company Pearson said this morning that its businesses would continue to face tough market conditions and structural industry change going into 2013, as it faced weak trading in the key fourth-quarter selling season.

Market conditions remained weak in the fourth-quarter selling season for higher education, consumer publishing and corporate advertising, the FTSE 100 firm said.

For 2012 as a whole, it expects to report good revenue growth at constant exchange rates, while operating profit is slated to come in at around £935m.