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Pearson ups profit forecast – again
Publisher Pearson has raised 2011 profit guidance for the third time in three months after a strong year-end season.
The group, which owns the world’s biggest education technology business, the Financial Times and Penguin books, said it continued to benefit from rapid growth in digital services and investment in developing economies.
It has bought several education-technology companies in China, India and other fast-growing markets in the past year. Pearson recently sold its 50 per cent stake in FTSE International for £450 million.
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