Pearson profit warnings wipe almost £2bn off its value

Education giant plans sale of stake in Penguin Random House to Bertelsmann as it cuts payout to shareholdersAlmost £2bn was wiped from the stock market value of Pearson after the beleaguered FTSE 100 company issued profit warnings for the next two years and said it would cut its payout to shareholders.The group is also putting up for sale its 47% stake in publisher Penguin Random House. Related: Will the Pearson chief be brought to book over profits warnings? | Nils Pratley Related: Redundancy fears as Penguin Random House derecognises staff unions Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-01-18 00:00:00 UTC ]
News tagged with: #47% stake #stock market

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[ BBC News | 2012-10-03 00:00:00 UTC ]
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