FTSE makes gains despite Pearson slump

The FTSE 100 remains in positive territory despite a 30% plunge in Pearson shares after the education publisher issues a profit warning. Continue reading at 'BBC News'

[ BBC News | 2017-01-18 00:00:00 UTC ]
News tagged with: #profit warning

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Kennedy makes first buys for Zephyr

Fiona Kennedy, publisher of Head of Zeus's new children's imprint Zephyr, has made her first acquisitions, buying a standalone novel by Lauren St John and two books from Ghanaian-British filmmaker Yaba Badoe. Continue reading at The Bookseller

[ The Bookseller | 2017-03-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #imprint zephyr #fiona kennedy


Pearson is being sued for 'over-optimistic' financial projections

A class action complaint has been filed against Pearson in the US on grounds of over-optimism for its financial projections, relating to revisions to the education company's 2017 forecast and the retraction of its ambitious £800m profit target for 2018. Continue reading at The Bookseller

[ The Bookseller | 2017-03-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #education company


Obamas Make Book Deal With Penguin Random House

Former President Barack Obama and Michelle Obama in Washington last year. They plan to donate a portion of the advances for their books to charity. Continue reading at The New York Times

[ The New York Times | 2017-03-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #michelle obama


Pearson reports £2.6bn loss for the year

Pearson has reported a massive pre-tax loss for the year of £2.6bn, including a goodwill impairment, following the challenges it has been facing in the US education market. The company, which in January delivered its fifth profit warning in four years, also reported a sharp rise in debt to... Continue reading at The Bookseller

[ The Bookseller | 2017-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #education market #profit warning #sharp rise #47% stake #trade publisher #underlying growth


PRH Gives Pearson Profit of 129 Million Euros

Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million euros in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #operating profit #43% increase


Sharjah Children’s Book Illustration Exhibition Gains in Submissions

A substantial uptick in submissions to the illustration exhibition, deepens the field for visitors and for visual artists working in children's publishing. The post Sharjah Children’s Book Illustration Exhibition Gains in Submissions appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-02-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #submissions appeared #sharjah children


Amazon Publishing’s Newest Imprint Makes Its Debut in Germany

Tinte & Feder is Amazon Publishing's second German-language imprint, and is to focus on contemporary and historical fiction. First titles out March 7. The post Amazon Publishing’s Newest Imprint Makes Its Debut in Germany appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-02-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #germany appeared #amazon publishing #historical fiction


Making ALA Great Again

Librarians are standing up to Trump, and they want the American Library Association to follow suit. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #follow suit


UK a smart bet for Pearson as schools look to digital future

Mark Piesing looks at the opportunities and challenges for Pearson in the UK market. Continue reading at The Bookseller

[ The Bookseller | 2017-02-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #uk market #digital future #mark piesing


Lion Hudson makes 35 redundant

Oxford-based Christian publisher Lion Hudson has made almost two thirds of its staff redundant and submitted a notice of intent to appoint administrators. Continue reading at The Bookseller

[ The Bookseller | 2017-02-03 00:00:00 UTC ]
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Pearson chief brands Trump order 'deeply worrying'

Pearson chief executive John Fallon has branded Donald Trump's travel ban policy "deeply worrying" in a rare political comment from the usually non-partisan education company. Continue reading at The Bookseller

[ The Bookseller | 2017-02-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #deeply worrying


Children’s Bookstore Makes the Shortlist for PW Bookstore of the Year

For the first time in the nearly 25-year history of the PW Bookstore of the Year Awards, a children’s only bookstore, Wild Rumpus in Minneapolis, was named one of five finalists. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-01-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #year awards #pw bookstore #25-year history #wild rumpus


'Data key to making most of TEF', ABW panel says

It will be up to publishers to make the case for how their teaching materials help institutions to meet the requirements of the Teaching Excellence Framework (TEF), and providing data evidence will be key, a panel discussion marking Academic Book Week heard. Continue reading at The Bookseller

[ The Bookseller | 2017-01-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #teaching materials


Author sued for making children's books from classic novels

A Swedish writer is being sued for infringing copyright after making children’s versions of novels such as Truman Capote's Breakfast at Tiffany’s. Continue reading at The Bookseller

[ The Bookseller | 2017-01-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #classic novels #infringing copyright


Pearson's puzzle

Philip Jones looks at the "stark" difference between the educational and consumer sectors. Continue reading at The Bookseller

[ The Bookseller | 2017-01-21 00:00:00 UTC ]
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He's had three strikes. Surely Pearson's chief executive is out?

Two mistakes from the US educational publisher would be understandable. Their confidence three months ago? Less soForecasting is difficult, especially about the future, as the old line goes – but is it quite as hard as John Fallon, chief executive of Pearson, makes it seem?Two errors in 2016... Continue reading at The Guardian

[ The Guardian | 2017-01-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #students enrolling #educational publisher #months ago #john fallon #educational publishers


Fallon admits 'we got it wrong' as Pearson shares plunge

Pearson's c.e.o. John Fallon has been forced to defend his position after admitting the company "got it wrong" last year, resulting in revisions to its 2017 forecast and dividend, and the withdrawal of its ambitious £800m profit target for 2018. Continue reading at The Bookseller

[ The Bookseller | 2017-01-19 00:00:00 UTC ]
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Pearson to slash ebook rental prices by 50% in digital push

Pearson plans to launch its own print rental program for courseware and reduce ebook rental prices by up to 50% as it bids to accelerate its shift to digital. Continue reading at The Bookseller

[ The Bookseller | 2017-01-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital push #pearson plans


Pearson to sell its stake in Penguin Random House

Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller

[ The Bookseller | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #47% stake #financial terms


Books world alarmed by Pearson's sale of stake in Penguin Random House

Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express uneaseAuthors and staff have reacted cautiously to news that Pearson is to sell its stake in Penguin Random House (PRH), the world’s biggest publisher and... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #fifty shades #jamie oliver