Pearson In BskyB Profits Boost

Lord Blakenham, chairman of Pearson, has told the annual meeting that profits would be boosted by £25m of accumulated interest payments arising from its investment in BSkyB.

However, the closure of the East India Dock printing facility has written off £29m. Lord Blakenham also warned that high paper prices would continue to have an impact on costs. He added that the overall performance remained satisfactory. The shares fell 12p to 601p.