Pearson was struggling yesterday to convince investors that its turnaround plan was on track after sales figures at its key universities courseware division were worse than expected. Shares in the educational publisher slumped as much as 11 per cent even though Pearson said that it was on track to meet its 2016 goals and might even surpass them if the pound remained weak. Underlying sales fell by 7 per cent for the first nine months of the year, but analysts’ focus was on American universities, where gross sales fell by “the high teens” in percentage terms. The division, which publishes…

Source: The Times October 17, 2016 23:03 UTC