London Risks Losing FTSE Giant Pearson to New York
- Education publisher relies on the US for most of its sales
- UK stock market has been hit by an exodus of listings
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London risks losing another major listed company after Pearson Plc’s largest investor said it should switch to the US to improve shareholder value.
Activist Cevian Capital AB, which earlier this year pressured Dublin-based building materials group CRH Plc to move its primary listing from London to New York, said it had singled out FTSE 100 constituent Pearson as the next company in its portfolio well suited for a move across the Atlantic.