Pearson to cut 4,000 jobs after second profit warning in three months

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 long-held policy of increasing its dividend each year. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2016-01-21 00:00:00 UTC ]
News tagged with: #profit warning #cost savings

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CrimeFest marks 10th anniversary with 4,000-book giveaway

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Pearson returns to profit, PRH revenue up 'slightly'

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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Bertelsmann group profit nearly €700m at nine-month mark

Bertelsmann, the majority owner of Penguin Random House, has reported a 6.4% year-on-year rise in its group profit to almost €700m for the first nine months of 2017. Continue reading at The Bookseller

[ The Bookseller | 2017-11-10 00:00:00 UTC ]
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Pearson raises profit forecast, PRH sales down 'slightly'

Pearson is expecting its full-year operating profit to come in at the top half of its forecast range, it revealed while giving its third quarter trading update.  Continue reading at The Bookseller

[ The Bookseller | 2017-10-18 00:00:00 UTC ]
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PRH Nine-Month Sales 'Down Slightly,' Pearson Says

Pearson attributed the small sales decline to what are now familiar trends--stable sales of print and audio offset by modest declines in ebook sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-17 00:00:00 UTC ]
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Magazine publisher Time Inc. cutting 300 jobs globally

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Rare bookseller puts Harry Potter first editions on sale for over £4,000

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Pearson Plans More Cuts, May Sell School Group

Pearson said it has plans to further reduce costs by $300 million, and it is also reviewing its strategic options for the K-12 courseware business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-08 00:00:00 UTC ]
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PRH Gives Pearson Profit of 129 Million Euros

Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million euros in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
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Eason on track for second year of profit but warns on Brexit

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