Financial highlights
Sales up 5% at constant exchange rates (2% underlying growth) to £2.8bn.
Good growth in Education (up 3%) led by North America (up 5%) and developing markets.
FT Group sales broadly level with resilient content and subscription revenue offset by weak advertising.
Penguin Random House merger completed on 1 July 2013; strong growth at Penguin (up 14%) in the first half.
Adjusted operating profit £50m lower at £137m, including £37m of gross restructuring charges and, in addition, investments to support new product launches in the second half.
Adjusted earnings per share down 4.9p to 9.9p including restructuring charges.
Interim dividend up 6.6% to 16p.
