The FTSE 100 Index is 3.1 points higher at 5,863.6 points this morning, with investors warming to results from educational publisher Pearson.
Pearson has risen 2.13% to 720.50p after it posted a 23% gain in annual pre-tax profit. The company says strong textbook sales have boosted its performance, with revenue up 9% ahead of market expectations. GUS has gained 1.92% to 1,060p after the Financial Times reported the company plans to split Argos from its credit-checking arm Experian in December. Utility National Grid is also featuring among FTSE gainers, up 1.14% to 620.50p after it said it had agreed to buy US natural gas distributor KeySpan for about $7.3bn. The news has boosted peer stocks in a sector ripe with takeover tal...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
