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BREAKING NEWS

Pearson steadies the boat but shares slip

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Pearson steadies the boat but shares slip

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Owners of the Financial Times and Penguin books, and the world’s largest education publisher Pearson reports first quarter figures are in line with expectations.

The company has steady subscription revenues and relies less on advertising than some media rivals, so is well-placed to ride out the recession, and is often bought as a defensive stock. However the shares fell slightly on the news.