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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New Year, New Zuck: What Facebook's CEO Really Wants to Say About the Year Ahead at Facebook

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[ Advertising Age | 2018-01-05 00:00:00 UTC ]
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B&N Reports Falling Sales in Fiscal 2017 Report

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[ Publishers Weekly | 2017-06-22 00:00:00 UTC ]
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Year in Preview: 2017 will be the year that platforms pay up

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Twenty years of Harry Potter marked with year-long campaign

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The Media Equation: 2 Platforms, With 2 Sets of Problems

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