Pearson shares slide as print-to-digital switch hurts profits
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LONDON (Reuters) - Shares in British publisher Pearson slumped on Thursday to their lowest in more than a decade after it said operating profit would be lower this year because of continued declines in sales at its U.S. higher education business. The education company said its operating profit would be between 500 million ($650 million) and 580 million pounds in 2020, below the 590 million pounds it was set to make last year, which itself was at the bottom of Pearson's expectations.Shares in..