Pearson warns of falling earnings in 2014 after US education slowdown February 28, 2014 Publishing company Pearson has reported a fall in profit before tax of two per cent to £382m in its preliminary results for 2013. Adjusted earnings per share also fell by 15 per cent from 82.6p to 70.1p. However, sales at CER climbed two per cent to £5.2bn, while the company experienced growth in emerging markets. [...]
Pearson shares suffer as firm’s US sales slump January 23, 2014 PEARSON yesterday warned that 2013 earnings will miss expectations due to poor demand in North America and restructuring costs, causing the publisher’s share price to fall 8.2 per cent. In a trading update it said it expects earnings per share after restructuring charges to be around 70p, compared with forecasts of around 76p. “With trading [...]
Pearson takes over language schools in Brazil December 3, 2013 PEARSON added to its education arm yesterday by unveiling plans to spend £440m on an English language training company in Brazil. The FTSE 100 firm, which owns the Financial Times, said its purchase of Grupo Multi is part of its goal to expand in fast-growing economies. The company will pay £440m in cash and assume [...]
US spending aids Pearson November 2, 2005 Pearson, the publishing group, enjoyed a strong third quarter as the American government ploughed funds into education. The group that publishes the Financial Times posted a 20 per cent increase in operating profit as sales moved ahead 10 per cent in the nine months to 30 September. Its key education division posted a 13 per [...]