Pearson Plc shares have lagged behind peers since hitting a 12-year high in July as a restructuring at the publisher of everything from textbooks to Tom Clancy’s thrillers failed to convince investors of its digital strategy.
The owner of the Financial Times newspaper has dropped 9 percent since the end of July, when it reported sales that topped analysts’ estimates. While the stock is up about 4 percent this year in London, it’s the worst performer in the 48-company Bloomberg World Media Index. Reed Elsevier NV jumped 30 percent and Wolters Kluwer NV climbed 24 percent.
