Pearson Says Restructuring Costs Set to Fall as Sales Sputter

Pearson Plc said restructuring costs are set to decline in 2015 after two years of job cuts and reorganization, helping the publisher of the Financial Times boost earnings even as sales are stalling.

First-quarter revenue was little changed excluding currency swings, Pearson said Friday. The London-based company reiterated its earnings per share may rise as much as 20 percent this year and said Chairman Glen Moreno was stepping down after nine years in the role.