PRH integration to complete in next 12 months

PRH integration to complete in next 12 months

Penguin and Random House should complete their integration over the next 12 months, joint parent Pearson said today, with Pearson c.e.o John Fallon indicating that he was not planning an early sale of it's 47% holding in that business in the wake of its disposal of the Financial Times.

Meanwhile, Pearson has reported group sales were up 1% to £2.2bn, while losses before tax increased to £115m in the last six months.

During an investors call this morning following the release of the results, and in response to a question from The Bookseller, Coram Williams, outgoing chief financial officer...

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