The Chateau Latour vineyard went in 1989, the waxworks of Madame Tussauds were sold nine years later, followed by investments in Lazard and the TV production company that made Baywatch. Now, Pearson has parted with two of its last trophy assets: the Financial Times and a 50 per cent stake in the publisher of the Economist, for a combined ￡1.3bn.
But if John Fallon, Pearson’s chief executive, thought that a narrower focus would automatically win over investors, he may be disappointed.
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