Source - SMW
Pearson narrowed its 2017 guidance to the upper half of the previous range after growing revenue by 4% in the first nine months of the year.

The company forecast an adjusted operating profit of between £576m and £606m, compared to previous guidance of between £546m and £606m.

Revenue, however, slipped 3% at constant exchange rates, while underlying revenue fell 2%.

"Whilst we anticipate the underlying structural pressures in US higher education courseware will persist in the medium term, the relative strength of trading in this business is helping our profits this year," the company said.

"As a result, we now expect Pearson's 2017 operating profits to be in the upper half of the range we set at the start of the year."