Pearson plc (GB:PSON) has released an update.
Pearson plc has reported a steady start to the year, with a 3% underlying sales growth and the completion of an initial £300m share buyback, alongside the commencement of a £200m extension. The company is infusing its products with AI, including 40 Higher Education titles, and expects accelerated growth in the latter half of 2024 to meet its full-year guidance. Pearson’s diverse divisions, including Assessment & Qualifications, Virtual Schools, and Workforce Skills, are experiencing various growth rates, with an overall strong financial position and positive outlook from Moody’s.
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