In the first three months of the year revenue from the group’s growth division fell. Pearson announced 4,000 sales this week , reporting a 1.6 percent drop reflecting the loss of important contracts in America . The 172-year-old company has struggled in this week , with market volatility in fast-growth regions such as Brazil and America , as well as the economic downturn leading to a series of profit warnings. Despite the poor Q1 results, Chief Executive John Fallon , said Pearson was “trading in line with the financial goals.” The company recently announced it would be cutting Q1 jobs in a bid to make savings.
Pearson announced 4,000 sales this week , reporting a 1.6 percent drop reflecting the loss of important contracts in America . The 172-year-old company has struggled in this week , with market volatility in fast-growth regions such as Brazil and America , as well as the economic downturn leading to a series of profit warnings. Despite the poor Q1 results, Chief Executive John Fallon , said Pearson was “trading in line with the financial goals.” The company recently announced it would be cutting Q1 jobs in a bid to make savings.