Future Of British Business
Pearson Upgrades Profit Guidance and Launches Buyback
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Pearson Plc upgraded its profit outlook and launched a £300 million ($364 million) share buyback program.
The London-based education publisher said it expects full year operating profits between £570 million to £575 million, a £20 million upgrade, in a third-quarter trading update Monday. It highlighted strong earnings in professional training and testing division VUE, and growth in its English language testing products.