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Evening Standard

Business

Samantha Downes and Oscar Williams-Grut

FTSE report: Pearson slumps as Apollo walks away and Team17 warns on Ukraine costs

Pearson Apollo Team17 Ukraine John Menzies Agility

Team17’s game Hammerting
(Picture: Team17)

Shares in Pearson slumped to the bottom of the FTSE today after private equity group Apollo said it was no longer interested in a take private bid.

Shares in the education group dropped as much as 12% after Apollo said it had been “unable to reach agreement with the board of Pearson” and was walking away.

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