Pearson sales increase on strong demand for online learning
Global online learning sales jumped by 25% during the quarter
Company
Pearson PLC
LON:PSON
Pearson is an international media company with market-leading businesses in education, business information and consumer publishing.
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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%