Pearson profit warnings wipe almost £2bn off its value
Education giant plans sale of stake in Penguin Random House to Bertelsmann as it cuts payout to shareholders
Almost £2bn was wiped from the stock market value of Pearson after the beleaguered FTSE 100 company issued profit warnings for the next two years and said it would cut its payout to shareholders.
The group is also putting up for sale its 47% stake in publisher Penguin Random House.
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