Pearson raises full-year earnings target

Financial Times

Pearson, owner of the Financial Times, raised its forecast for full-year earnings per share from 80p to 83p in a management statement on Thursday.

The publishing group said its underlying performance for the first nine months of 2011 was in line with the forecast it gave in July, when it issued the 80p guidance. But its results benefited from lower-than-expected tax charges and related interest payments.

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