Pearson to restructure, hold the dividend due to weak earnings

Troubled British education publisher Pearson (Xetra: 858266 - news) said it planned to cap its dividend at the 2015 level and take a new swathe of costs out of the business after predicting weak earnings for the next two years. Pearson, which has announced a string of earnings downgrades in recent years, said it now expected its adjusted earnings per share for 2015 to come in between 69 and 70 pence, slightly below forecasts, and to fall to between 50 pence and 55 pence in 2016 before the costs