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Sharewatch: Pearson Rises On Positive Sentiment
The market remained in good form yesterday and Pearson, owner of the Financial Times, rose by 2.83% on bullish sentiment.
Elsewhere, WPP rose 1.88% despite warnings that the advertising group’s upcoming results may be below analysts expectations (see WPP Puts Faith In The Future).
Broader market sentiment remained bullish despite a decline in the University Of Michigan’s Consumer Confidence scale, which suggests that consumer spending, long viewed as the lynchpin of economic recovery, is unsustainable.
The closing prices of media company shares on Tuesday were:
