Pearson (PSO) reports a 26% drop in overall net earnings for 2011, but net profit from...

|About: Pearson plc (PSO)|By:, SA News Editor

Pearson (PSO) reports a 26% drop in overall net earnings for 2011, but net profit from continuing operations jumps 82% Y/Y. CEO Marjorie Scardino says the publishing company has a potential war chest of £1B to spend on further acquisitions this year and refutes rumors that the Financial Times is for sale. PSO -2.7% premarket.