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 ]
News tagged with: #education market #profit warning #sharp rise #47% stake #trade publisher #underlying growth

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Pearson reports 'strong rebound' as it launches student subscription app

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[ The Bookseller | 2021-07-30 05:24:08 UTC ]
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Print Book Sales Could Grow by 2% This Year—Or by 8%

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[ Publishers Weekly | 2021-07-22 04:00:00 UTC ]
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Federation of European Publishers’ New COVID-19 Impact Report: Europe Closes 2020 Down 2 to 5 Percent

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[ Publishing Perspectives | 2021-03-26 15:57:21 UTC ]
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[ The Bookseller | 2021-03-01 16:36:03 UTC ]
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[ The Bookseller | 2021-02-03 21:05:10 UTC ]
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[ Publishing Perspectives | 2020-10-15 15:25:47 UTC ]
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[ The Bookseller | 2020-09-15 09:03:36 UTC ]
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Pearson reports first-half revenue drop of 17%

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[ The Bookseller | 2020-07-24 08:05:58 UTC ]
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[ Folio Magazine | 2020-05-06 18:09:12 UTC ]
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[ The Bookseller | 2020-03-13 10:30:18 UTC ]
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[ Silicon Valley Business Journal | 2020-03-11 18:26:08 UTC ]
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Blackwell's reports third year of growth as sales rise to £58.3m

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[ The Bookseller | 2019-11-04 03:38:15 UTC ]
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‘We realized we could pull it off’: 2 years in, Bayer is on track to take all digital media buying in-house by 2020

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[ The Bookseller | 2019-09-09 21:34:54 UTC ]
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After his 2-year-old daughter died, a father turned his pain into a beautiful memoir

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