Activist Investor Set to Push for Pearson Board Seat

Activist investor Cevian has increased its stake in Pearson to nearly 9pc, raising expectations that it will push for a seat on the board of the struggling textbook publisher. Europe’s largest activist investor now owns 8.46pc of the FTSE 100 company, up from 7pc two weeks ago and 5.4pc in June, making it the company’s third-biggest investor...