Train 'mortified' by plummeting Pearson share price

2.1% holding in his Finsbury trust

Nick Train, manager of the Finsbury Growth & Income Trust, has said he is 'mortified' by the underperformance of publishing company Pearson, which he holds in the portfolio.

Speaking to investors this week, Train said the holding had been one of the fund's best performers during 2016, when it returned 11.2%. However, a 30% fall in the share price in mid-January after a profit and dividend warning means shares are down 22% year-to-date. Train favourite Pearson down 9% on poor sales figures Train said he was "mortified" by the underperformance of the stock, which makes up 2.1% of his £1bn portfolio, but that he and colleague Michael Lindsell were undecided on how to proceed. "Pearson has given me the most heartache recently. It outperformed last year,...