Education publisher, which is in the process of selling off the Financial Times, blames ‘challenging’ market as it suffers biggest share price fall since 1987Pearson suffered its biggest share slump in decades on Wednesday as the education publisher’s stock price crashed almost 16% after issuing a full-year profits warning.Pearson, which is in the process of selling off the Financial Times and its stake in the Economist, saw its biggest share price fall since the stock market crash of 1987. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2015-10-21 00:00:00 UTC ]
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Education publisher, which is in the process of selling off the Financial Times, blames ‘challenging’ market as it suffers biggest share price fall since 1987Pearson suffered its biggest share slump in decades on Wednesday as the education publisher’s stock price crashed almost 16% after issuing... Continue reading at The Guardian
[ The Guardian | 2015-10-21 00:00:00 UTC ]
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Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 23:25:19 UTC ]
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The educational publisher Pearson has warned of an "unprecedented" fall in sales in the US. Continue reading at BBC News
[ BBC News | 2017-01-18 00:00:00 UTC ]
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The embattled publisher sees its share price slide 7.9% after going ex-dividend. Continue reading at BBC News
[ BBC News | 2017-04-06 00:00:00 UTC ]
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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... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
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John Fallon has presided over a string of mishaps at the educational giant and a plunge in the share priceForecasting 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 were... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
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World’s biggest education publisher aims to make £350m in cost savings by the end of 2017Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its... Continue reading at The Guardian
[ The Guardian | 2016-01-21 00:00:00 UTC ]
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There’s a new online bookstore in town—and this time it’s helmed by RuPaul. Yes, that RuPaul. (Reading being, after all, fundamental.) Allstora, announced today*, is a membership-based bookstore that offers a profit-split to authors. RuPaul serves as Allstora’s Chief Creative Officer and... Continue reading at Literrary Hub
[ Literrary Hub | 2024-03-04 16:45:28 UTC ]
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The company, which was on a steady recovery path, was biggest faller on FTSE 100 on WednesdayShares in Pearson slumped by as much as 12% after Apollo said it would not make another bid for the educational publisher after having a third offer valuing the company at £7.2bn, including debt,... Continue reading at The Guardian
[ The Guardian | 2022-03-30 12:09:13 UTC ]
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Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejectedPearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash offer after the educational publisher’s rejection of a... Continue reading at The Guardian
[ The Guardian | 2022-03-11 13:22:21 UTC ]
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Pearson has seen full-year group sales up 8% in 2021 with profits expected to boom by a third, the company revealed in a trading update. Continue reading at The Bookseller
[ The Bookseller | 2022-01-18 18:17:49 UTC ]
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Quarto warns of lower trading as a result of Covid-19, but highlights improved profits in its latest full-year Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 08:44:01 UTC ]
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W H Smith has warned the impact of the coronavirus outbreak could cut its profit by up to £40m as the pandemic hits its Travel business. Continue reading at The Bookseller
[ The Bookseller | 2020-03-12 09:57:11 UTC ]
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Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
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Pearson has has said it expects profit to fall in 2020, in its latest annual report. Continue reading at The Bookseller
[ The Bookseller | 2020-02-20 19:43:44 UTC ]
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Pearson has reported making "good financial and strategic progress in 2018", despite a small revenue fall during the year, saying in its January trading update that it expects to have halved net debt in 2018 and will deliver underlying profit growth of 8% at £540-£545m. Continue reading at The Bookseller
[ The Bookseller | 2019-01-17 00:00:00 UTC ]
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Car manual producer Haynes Publishing Group has said it expects adjusted profit before tax to be up by 10% on the previous year when it reports its annual financial results. Continue reading at The Bookseller
[ The Bookseller | 2018-06-02 00:00:00 UTC ]
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The prosperity that some in the Russian book industry thought was rising this year may be headed in the other direction, if the expected rise in book VAT becomes a reality. The post Russian Publishers Warn of Lost Profits Amid a Newly Announced VAT Hike appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-05-24 00:00:00 UTC ]
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His Dark Materials author condemns way book industry ‘allows corporate profits to be so high at a time when author earnings are markedly falling’Philip Pullman has called on publishers to stop damaging “the ecology of the book world” and start giving authors a fairer share of the money their... Continue reading at The Guardian
[ The Guardian | 2018-03-05 00:00:00 UTC ]
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Pearson has returned to profit a year after posting its biggest ever loss, at the same time as announcing it is putting its K12 school courseware business up for sale. Continue reading at The Bookseller
[ The Bookseller | 2018-02-24 00:00:00 UTC ]
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