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January 23, 2008

Pearson’s optimistic outlook helps share price recover

By paulmcnally

Financial Times publisher Pearson looks to have recovered after it was one of the worst-hit media companies in Monday’s stock market landslide.

Pearson shares closed last night up 8.1 per cent – a 50.5p rise to 671p – after the company issued an upbeat trading statement predicting record profits for 2007 and growing advertising revenue.

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