LONDON: The publisher of global business daily, the Financial Times expects "strong underlying growth" for the year. Media group Pearson reports sales were up 6% for the first nine months of 2007 while operating profits rose 20%, compared with the year earlier period.
Advertising revenues at the FT climbed 9% as the title attracted an increased readership keen to keep tabs on the US credit squeeze and its global repercussions.
Says ceo Marjorie Scardino: "We still have a lot of trading ahead of us, but every part of the company is doing well."
Data sourced from mad.co.uk; additional content by WARC staff