Company News 

Pearson and Relx: a tale of two publishers

Pearson and Relx: a tale of two publishers

Pearson’s (PSON) numbers for 2019 had been foreshadowed within a disappointing January trading update. But that didn’t stop its shares from sinking further on results day – hitting their lowest price since 2003. At issue is the academic publisher’s turbulent transition towards becoming a digital learning company, laid bare by the performance of its US higher education courseware business. Here, significant declines in print – namely textbooks – have dragged down modest revenue growth in online products, while masking improvements in all other parts of the broader group.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now