Pearson Plc, the parent of the Financial Times, reiterated its profit forecasts for this year but cautioned its expected earnings range could slip if the sterling remains at its current level.
Henry Mance of the Financial Times writes, “The FT’s paying readership rose 13 per cent year-on-year to 677,000. That included a 33 per cent rise in digital subscriptions, which now represent more than two-thirds of the FT’s total audience.
“Pearson said the FT now has more than 290,000 corporate digital subscribers, including more than 50 central banks. Nearly half of total online traffic to the FT and a fifth of new digital subscriptions now comes from mobile devices.
“‘The strong digital circulation growth offset continued weakness in print advertising, though the FT continued to take market share,’ Pearson said.”
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