Train: We will hunker down with our holding in Pearson

Stock fell 15% on poor results

Nick Train has reiterated his commitment to publishing company Pearson and may be looking to increase his holding in the future, despite its poor results last month.

The manager (pictured) of the £1.8bn CF Lindsell Train UK Equity fund said he will "hunker down" with his holding in the stock and may look to add to it at a later date. The educational publisher and former owner of the Financial Times shed 15% last month, after warning full-year profits are likely to come in at the lower end of the range. Train said: "We continue to think the company offers a unique opportunity to participate in what should be a rewarding theme. "We understand and share the frustration of investors that Pearson's 2016 earnings per share are likely to be closer to ...