Pearson's continued focus on education and emerging markets should provide long-term growth drivers.
Narrow-moat Pearson reported a relatively upbeat third-quarter update. Group revenue, while still declining on an underlying basis, benefited from positive currency movements, growing by 4% in the first nine months of the year. Management have upgraded full-year guidance to the upper end of the previously guided range, which is now slightly ahead of our forecasts. As such, while we do not expect to make any material changes to our forecasts or to our GBX 740 fair value estimate, we will tweak ou...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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