Company
Pearson PLC
LON:PSON
Pearson is an international media company with market-leading businesses in education, business information and consumer publishing.
308 stories · page 1 of 4
FIVE at FIVE: Confident consumers; FTSE 100 falters; Pearson to delist?; NatWest vs Farage; Ofgem price hikes
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Builders and building materials
Is Pearson the next FTSE big cap to delist?
Icahn-backed activist investor urges education giant to move to New York
OpenAI sued by authors for training chatbots on their books
John Grisham was among the authors suing OpenAI
Education and AI, what next?
Despite taking share price hits over the prospects of AI, both Chegg and Pearson argue the tech could be a good thing
Pearson a 'buy' for Citi ahead of trading update
Usage/visitor numbers for the platform over which key product Pearson+ is delivered have been strong
Pearson 'ticks many boxes in 2022' as Barclays upgrades target price
Analysts at the bank raised its outlook for organic growth and adjusted operating profit for financial 2023
Pearson reports healthy revenues as English learning demand soars
Each 5 US cent movement against the pound equates to approximately £15mln of adjusted operating profit, Pearson said
Pearson "walking the walk" according to JP Morgan, shares advance 2%
Pearson topped the FTSE 100 risers as JP Morgan Cazenove sang the media group's praises in a note released today.
Pearson reaffirms full-year guidance after profit jumps in first half
The company is hiking its interim dividend by 5% to 6.6p
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FTSE 100 closes in red to start week as traders fret about global economic picture
The UK's top share index closed down around 10 points, or 0.13%, at 7,413.42
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The week ahead: Pearson, BP Plc, Taylor Wimpey, Next and WPP
It's going to be another week of blue-chip updates, albeit a little quieter this last week.
Pearson could surprise the market after several "painful" years
After several "painful" years, brokers raised their expectations for the publisher with revenue growth potentially on the cards
Pearson gets rare upgrade as Deutsche Bank turns positive
Revenues should grow by 5% a year compound over 2021-25
Pearson agrees £163mln sale of courseware businesses in Italy and Germany
The sale is as part of the group's strategic review of its international courseware local publishing businesses
Pearson contract cancellation raises concerns, say analysts
UBS analysts said it was “a concern that one of Pearson's largest contracts in this area was only minimally profitable given no change to guidance"
Pearson says key US university contract will end next year after ten years
Arizona State University online program management partnership to be terminated
Pearson takeover deal abandoned after third Apollo bid is rejected
The US buyout group must step away from the UK education publisher for six months under UK takeover rules.
Pearson surges as it rejects Apollo's proposal
The company had rejected a proposal back in November from the private equity firm
Pearson's 'resilient' earnings profile appeals to Citi
"We think there is significant long-term upside potential from secondary market recapture in Higher Ed and Enterprise Learning"
Pearson buys digital credentials firm Credly in US$200mln deal
The acquisition enhances the learning group's presence in the fast-growing workforce skills sector
Pearson lifts full-year guidance
The company is forecasting adjusted operating profit of £385mln for 2021, beating the market consensus of £376mln
Pearson hires Google and Twitter director as new chair
Omid Kordestani was chief business officer at Google and was a senior adviser during the transition to Alphabet Inc, while he continues to sit on the board at Twitter
Pearson gets a C+ (again) from City brokers, shares tumble
Shares slumped 12% as UBS said it missed the mark on several metrics
Pearson sales up 10% but effects of Covid dragging on
Tuition app Pearson+ had made a ‘promising start’ following its launch in late July with over 2mln registered users
Pearson a sell as revival plans don't cut it says Berenberg
New vision is little different from previous management's says broker
Pearson shares a “free option on American Families Plan", says this influential broker
JP Morgan Cazenove listed a number of stock drivers as it upgraded its call
Pearson sales recover as schools and colleges reopen
Exam testing bounced back 34% as exam centres also reopened
Pearson sales increase on strong demand for online learning
Global online learning sales jumped by 25% during the quarter
Pearson regroups around digital businesses as profits tumble
Global Online Learning saw revenues rise by 19% reflecting strong enrolment growth in Virtual Schools
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FTSE 100 slips into the red; BP, Royal Dutch Shell buoyed by oil price rally
The UK blue-chip index gave back 20 points to 6,631
First non-farm payrolls under the Biden administration
The consensus forecast is for 195,000 additions to US payrolls in February
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FTSE 100 slips as traders keep their powder dry ahead of Fed meeting updates from Silicon valley
The UK blue-chip index fell 3 points to 6,651.59 in early trading
Pearson returns to growth as online learning keeps growing
Adjusted operating profit for 2020 is expected to be in the range of £310mln-£315mln
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FTSE 100 ends in the green, Wall Street follows suit as Biden administration kicks off
London's leading index advanced 27 points to 6,740
Short sellers target Pearson, Cineworld as recovery may take a while
Both firms were hammered by the pandemic but were already suffering from structural problems and heavy debt piles
Pearson to benefit from overlooked, multi-trillion-dollar market, says UBS
The publishing and education company is expected to take advantage of the increasing online trends
Pearson upped to buy as UBS spies opportunity in US higher education
The Swiss bank also said the consensus forecasts for the publisher's 2021 financial year now offered “more upside than downside risk”
Pearson not good value as new CEO will have big turnaround job, says Barclays
The analysts have now cut their earnings per share forecast for next year by 8%
Pearson says sales slump easing as online learning picks up
On the downside, the Global Assessment arm saw sales down 19% while North American Courseware sales declined 14%
Pearson names Andy Bird as its next chief executive
Bird spent many years at Disney, where he was at the forefront of digital change.
Pearson perseveres with dividend despite slide into losses
The group's underlying sales trends improved during the period, from a 35% decline in April, 32% in May to a 19% fall in June
Pearson shares rally as activist reveals stake
In London, the education publisher's shares rallied by 62p or 12% to 575p.
Pearson downgraded by Berenberg on US college admissions risks
Recent surveys showed that students do not want a virtual experience in place of campus in-person education
Income inequality: which companies are still paying dividends
After the huge dividend dump earlier in the month, this week saw some big names confirm that they remain on the dividend list
Pearson pays out dividend as coronavirus rebalances sales towards digital
The group is launching an online portal containing free digital courses to “help re-skill and broaden employability prospects” for the furloughed and unemployed
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FTSE 100 closes in the red as coronavirus crisis continues to dampen sentiment
The UK index of leading shares closed down over 74 points at 5,752. Over the week, the benchmark was lower, off 0.58%
Pearson upped to ‘equal weight’ by Barclays after share price decline, but bank warns on potential impact from UK exam cancellations
Barclays assumed there will be “a very high drop-through of revenues lost" due to the exam cancellations and reduced their EPS forecasts for the group’s 2020 financial year by 24%
Pearson sees “significant uplift” in use of digital products from coronavirus
So far the educational publisher has spent £167mln of the £350mln buyback this year but said it has roughly £1bn of total liquidity immediately available from cash and a bank facility, while net debt stood at £1.02bn at the end of December.