Edition:
United Kingdom

Pearson PLC (PSON.L)

PSON.L on London Stock Exchange

945.80GBp
14 Dec 2018
Change (% chg)

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945.80
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3,229,172
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981.30
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651.00

Latest Key Developments (Source: Significant Developments)

Pearson Says Exploring Options For London Properties At 80 Strand, One Southwark Bridge
Friday, 25 May 2018 

May 25 (Reuters) - Pearson PLC ::UPDATING MARKET ON PLANS TO RATIONALISE ITS PROPERTY PORTFOLIO AS PART OF ITS STRATEGY TO BECOME A SIMPLER AND MORE EFFICIENT COMPANY.IS EXPLORING OPTIONS FOR ITS LONDON PROPERTIES AT 80 STRAND AND ONE SOUTHWARK BRIDGE.COMMITTED TO HAVING A LONDON IS EXPLORING OPTIONS FOR ITS LONDON PROPERTIES AT 80 STRAND AND ONE SOUTHWARK BRIDGEHQ WHICH PROVIDES A GREAT WORKSPACE FOR EMPLOYEES.PROPERTY REVIEW IS PART OF THAT ONGOING PROCESS AND IS NOT LINKED TO ANY FURTHER HEADCOUNT REDUCTIONS.CONSIDERING SUBLEASING ITS ENTIRE 80 STRAND FOOTPRINT TO FIND AN ALTERNATIVE LONDON LOCATION FOR PEARSON.BY 2020 IT IS AIMING FOR LESS THAN 100 OFFICE LOCATIONS.CONSIDERING TRANSFERRING ENTIRE LEASE COMMITMENT AT 80 STRAND TO AN INVESTOR, IN A DEAL THAT INCLUDES BUILDING AT ONE SOUTHWARK BRIDGE..  Full Article

Pearson To Sell Wall Street English To A Consortium Of Funds​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Pearson Plc ::DISPOSAL.PEARSON ANNOUNCES SALE OF WALL STREET ENGLISH​.PEARSON - ‍HAS AGREED SALE OF WALL STREET ENGLISH (WSE) TO A CONSORTIUM CONSISTING OF FUNDS AFFILIATED WITH BARING PRIVATE EQUITY ASIA AND CITIC CAPITAL​.‍MOELIS & COMPANY ACTED AS FINANCIAL ADVISOR TO PEARSON ON THIS TRANSACTION​.PEARSON - ‍TRANSACTION IS EXPECTED TO GENERATE GROSS CASH TO PEARSON OF AROUND $300M AFTER ADJUSTMENTS FOR ASSUMED DEFERRED REVENUE AND HISTORICAL TAX LIABILITIES​.PEARSON - ‍IMPROVEMENT IN PEARSON NET DEBT AS A RESULT WILL BE C. $100M AS AROUND $150M OF OPERATING CASH WILL BE RETAINED IN DISPOSED BUSINESS​.‍TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2018​.  Full Article

Pearson shares rise 7 percent on profit upgrade
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Pearson :Cfo says do not expect a repeat of last year when trading deteriorated.Shares rise 7 percent after group nudges full-year profit forecasts higher.Cfo says should assume a better second half will influence the final dividend payout.  Full Article

UPDATE 2-Axel Springer weighs possible split of content, classifieds - CEO

FRANKFURT, Dec 12 Axel Springer is considering restructuring options including splitting its fast-growing digital classified advertising business from its content operation in a bid to enhance shareholder returns, CEO Mathias Doepfner said.