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 £1,092m (2015: £654m). Meanwhile, Penguin Random House adjusted operating profits for Pearson's 47% stake in the trade publisher were £129m for 2016, up 43% in terms of headline growth (23% in underlying growth) from £90m in 2015. Continue reading at 'The Bookseller'

[ The Bookseller | 2017-02-25 00:00:00 UTC ]
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[ The Bookseller | 2012-07-20 00:00:00 UTC ]
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[ Publishers Weekly | 2012-07-20 00:00:00 UTC ]
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[ The Bookseller | 2012-07-19 00:00:00 UTC ]
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[ Publishers Weekly | 2012-07-19 00:00:00 UTC ]
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[ The Bookseller | 2012-07-10 00:00:00 UTC ]
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[ Los Angeles Times | 2012-07-09 00:00:00 UTC ]
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[ Publishers Weekly | 2012-06-29 00:00:00 UTC ]
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[ The Bookseller | 2012-06-27 00:00:00 UTC ]
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[ The Bookseller | 2012-06-22 00:00:00 UTC ]
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[ Los Angeles Times | 2012-06-19 00:00:00 UTC ]
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[ Media Week | 2012-06-19 00:00:00 UTC ]
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[ The Bookseller | 2012-06-15 00:00:00 UTC ]
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[ The Bookseller | 2012-06-14 00:00:00 UTC ]
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[ BBC World | 2012-06-11 00:00:00 UTC ]
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[ Folio Magazine | 2012-06-01 00:00:00 UTC ]
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[ The Bookseller | 2012-05-30 00:00:00 UTC ]
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[ Media Week | 2012-05-29 00:00:00 UTC ]
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