Pearson set for slowdown
Thursday 18 December 1997
Profit for the year ending to December would be about pounds 20m lower than if currency rates had remained unchanged and it would take a "significant" charge for reorganisation, although considerably below the pounds 40m charge taken in 1996. Pearson said it continued to cut costs where it could, in order to meet chief executive Marjorie Scardino's stated goal of doubling the company's value by 2002.
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