Pearson to target online teaching courses

PearsonPearson is targeting the global market for online university degree courses as it seeks to reassure investors about the slowdown in other areas of its education businesses.

Pearson has warned on profits four times in three years under Mr Fallon and its share price has fallen by more than a third in the past year. It reported a decline in revenues during the first quarter of 2016 and announced an overhaul involving 4,000 redundancies — about a tenth of its workforce.

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