Record profits for Financial Times publisher Pearson

Pearson, the publisher of the Financial Times, is expected to post record profits for 2007 when it releases its end-of-year results at the beginning of March.

In a trading update this morning, the company said it expected to finish the year ahead of expectations.

The FT Group grew strongly in all its subscription businesses, and FT Publishing managed to keep growing its advertising revenue, despite the weakening of the dollar and the current turmoil in financial markets across the globe.

Pearson chief executive Marjorie Scardino said: “We have produced another record year. Over this period we have changed the shape of Pearson, invested in our future growth and made the company more efficient and more resilient.”

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