Pearson profits up 13 per cent

Pearson Plc, which owns the Financial Times, reported a £761m profit for 2009, up 13 per cent from l

The education and publishing company reported sales up by 17 per cent, at £5.62bn. At constant exchange rates, the increase was 4 per cent.

CEO Marjorie Scardino said US President Barack Obama's efforts toward common state maths and reading standards.

Scardino told the Guardian she predicted continued growth for the company.

"We're ready to keep growing, because we're the leader in dynamic markets where there is great demand for learning, skills and information. We don't expect any help from the economy any time soon; but we can rely on the 37,000 people in Pearson who continue to deliver, year after year."