Mike Sweney | guardian.co.uk
Pearson expects earnings per share for 2010 to be up 10% on 2009 with FT Group, publisher of the Financial Times, reporting underlying revenue up 8% year on year in the first nine months.
Overall Pearson, which owns assets including an educational publishing operation and book company Penguin, increased underlying sales 5% year on year in the first nine months of 2010.
"Demand in some of our markets remained subdued in the third quarter, and the macroeconomic outlook is still uncertain," the company said in a trading update. "Our businesses continue to generate significant growth in digital and in developing markets, and to benefit from further efficiency gains."
The company said that FT Group had "another good quarter" in the three months to the end of September, with underlying revenues up 8% year on year across the first nine months of 2010.
FT Group was boosted by strong demand for both print and digital content. Digital subscriptions to FT content have grown more than 50% year on year in the first nine months to more than 180,000, as well as "sustained advertising growth".
Book publisher Penguin, which will publish new work from Jamie Oliver, Barbra Streisand, Tom Clancy and comedian Michael McIntyre in the runup to Christmas, reported that underlying sales rose 5% year on year in the first nine months.
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