Educational publisher Pearson has revealed a dip in sales for the past six months, but said it will utilise advances in AI to help drive growth. The FTSE 100 told shareholders its sales slipped to £1.75 billion for the half-year to June 30, from £1.88 billion in the same period a year earlier.
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00:00Hello, my name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. Here
00:05are your headlines for this morning. The educational publisher Pearson has revealed a dip in sales
00:11for the past six months, but said it will use advances in AI to help drive growth. The
00:17FTSE 100 company told shareholders its sales slipped to £1.75 billion for half a year
00:24to June 30th from £1.88 billion in the same period a year earlier. The company said it
00:31will target growth opportunities linked to shifts in demographic trends and the rapid
00:35growth in the power of AI. And the company said it achieved a good strategic and financial
00:41performance in the first half of the year. It's an update from the educational publisher
00:46Pearson, which has revealed a dip in sales for the past six months. My name's Greg Wright.
00:52I'm the Deputy Business Editor of the Yorkshire Post.