Will the Pearson chief be brought to book over profits warnings? | Nils Pratley

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 understandable, or at least not unique. Most big US educational publishers were too optimistic about the numbers of students enrolling in US colleges and the pace at which all students would opt to rent, rather than buy, their textbooks. Related: Pearson profit warnings wipe almost £2bn off its value Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-01-18 00:00:00 UTC ]
News tagged with: #pearson chief #students enrolling #profits warnings #john fallon #educational publishers

Other Publishing stories related to: 'Will the Pearson chief be brought to book over profits warnings? | Nils Pratley'


Will the Pearson chief be brought to book over profits warnings? | Nils Pratley

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 ]
More news stories like this | News stories tagged with: #pearson chief #students enrolling #profits warnings #john fallon #educational publishers


Pearson warns Covid-19 will hit profits and pauses share buyback

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 ]
More news stories like this | News stories tagged with: #pearson


Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley

The education business sold nearly half its stake in the publisher to Bertelsmann, but much of the proceeds will be reinvestedPearson is still going to own a quarter of Penguin Random House, so it’s not too late to hope that it can learn to tell a story like it is. Please, drop this bland... Continue reading at The Guardian

[ The Guardian | 2017-07-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #22% stake #$1bn


Pearson shares fall 30% on profits and dividend warning

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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Pearson profit warnings wipe almost £2bn off its value

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 ]
More news stories like this | News stories tagged with: #47% stake #pearson chief #stock market #profits warnings #redundancy fears


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... Continue reading at The Guardian

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


Pearson shares slide after profits warning

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 ]
More news stories like this | News stories tagged with: #education publisher


Freedom to Read Advocates Warn of Proposed ‘Book Rating’ Bill in Texas, Rising Book Bans in Missouri

While still in the early stages of the legislative process, the proposed bill in Texas would require publishers to develop a new rating system for books, and would give Texas state officials the power to bar schools from doing business with publishers who do not comply with the state’s directives. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-17 05:00:00 UTC ]
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The Chief Executive of Hachette Book Group to Step Down

Michael Pietsch will be replaced on Jan. 1 by the chief executive of Hachette UK, who will helm both divisions, bringing them into closer alignment. Continue reading at The New York Times

[ The New York Times | 2023-11-14 20:01:58 UTC ]
More news stories like this | News stories tagged with: #michael pietsch #hachette uk #hachette


Beyond Book Banning: PEN America Warns of ‘Booklash,’ Self-Censorship

PEN America says it sees book publishing 'at a crossroads' in a new report warning of cancel culture, review-bombing, and book banning. The post Beyond Book Banning: PEN America Warns of ‘Booklash,’ Self-Censorship appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-08-07 21:16:27 UTC ]
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Dogger to the rescue: how my mother’s books brought joy to the children of Ukraine

After the death last year of children’s author Shirley Hughes, her son took hundreds of her books, including the award-winning Dogger, to libraries in Ukraine, where reading is helping to heal the children traumatised by warThe National Library of Ukraine for Children in Kyiv, a city at war for... Continue reading at The Guardian

[ The Guardian | 2023-04-09 07:00:44 UTC ]
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Trump swooped in to profit from White House photographer’s book deal – report

Ex-president blocked Shealah Craighead plan and then made up to $20m from publishing images in own memoir, New York Times saysDonald Trump blocked plans by his chief White House photographer to publish a book of pictures of his time in power – then published a book of such images himself, the... Continue reading at The Guardian

[ The Guardian | 2022-03-31 22:37:41 UTC ]
More news stories like this | News stories tagged with: #books selling #book deal


Pearson profits set to rise 33% as Bird repositions business

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 ]
More news stories like this | News stories tagged with: #company revealed #trading update #pearson


Librarians, Educators Warn of 'Organized' Book Banning Efforts

While efforts to remove books from schools and library collections are common, freedom to read advocates warn that the current, unprecedented spike in challenges is different. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-11-18 05:00:00 UTC ]
More news stories like this | News stories tagged with: #remove books #library collections


The popular books that brought Americans together in a common culture

The canon of popular American literature not only unified the culture, it helped create the national narrative of individualism and self-reliance. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2021-07-16 14:03:05 UTC ]
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Perry appointed Book Trade Charity chief exec

Vic Perry, formerly of Jaguar Land Rover, has been appointed as the c.e.o. of the Book Trade Charity (BTBS), taking over from David Hicks when he retires on 31st March after 27 years. Continue reading at The Bookseller

[ The Bookseller | 2021-01-18 13:49:20 UTC ]
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The Book That Brought Writers’ Fears and Self-Doubt Into the Open

HarperCollins recently reissued Writing Past Dark, by Bonnie Friedman, the classic, bestselling guide to the emotional side of the writer’s life, marking the book’s 25th anniversary. Three decades ago, when Friedman was fresh out of the Iowa Writers Workshop, the New York Times Book Review... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-29 08:48:36 UTC ]
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Brought to book: how a publishing gold rush pinned Trump to the page

Wade through the vast library and a horrifying picture emerges: an ignorant, narcissistic, racist liar with a strange relationship with his daughter and senior adviserDonald Trump is not a reader but to the publishing industry he is the gift that keeps on giving. His time in the White House has... Continue reading at The Guardian

[ The Guardian | 2020-10-11 05:00:04 UTC ]
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Improved profits for Quarto, as it warns of costs of Covid-19

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 issues £40m profit warning as coronavirus hits travel business

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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