Pearson Profits Up 43%

Pearson has announced pre-tax profits of £297.8m; an increase of 43% on last year, but admitted a setback over its move into video games and computer software. The flotation of BSkyB, in which Pearson holds 14%, contributed £57.6m to operating profits. Thames Television made £19m profits. The FT group was up 46% to £51.2m and Westminster Press group was up 73% to £15.7m.