Edition:
United Kingdom

Pearson PLC (PSON.L)

PSON.L on London Stock Exchange

903.00GBp
22 Feb 2019
Change (% chg)

19.60 (+2.22%)
Prev Close
883.40
Open
899.00
Day's High
923.80
Day's Low
867.80
Volume
5,736,810
Avg. Vol
3,135,084
52-wk High
1,030.00
52-wk Low
687.20

Latest Key Developments (Source: Significant Developments)

Pearson Strikes 500 Million Stg Pension Insurance Deal With L&G - Sky News
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - :PEARSON STRIKES 500 MILLION STG PENSION INSURANCE DEAL WITH L&G - SKY NEWS.  Full Article

Pearson Sees 2018 Adj Oper Profit In Line With Guidance, Cost Savings Ahead Of Plan
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Pearson PLC ::EXPECT TO DELIVER ADJUSTED OPERATING PROFIT OF £540M-£545M FOR 2018, IN LINE WITH GUIDANCE OF £520M TO £560M.2018 TOTAL UNDERLYING REVENUES WERE DOWN 1% YEAR ON YEAR.UNDERLYING PROFIT GROWTH DRIVEN BY CONTINUED STRATEGIC PROGRESS IN 2018.COST EFFICIENCY PROGRAMME AHEAD OF PLAN IN 2018 WITH INCREMENTAL COST SAVINGS OF AROUND £130M AND RESTRUCTURING COSTS OF AROUND £100M.EXPECT TO DELIVER ADJUSTED OPERATING PROFIT OF £540M-£545M FOR 2018, IN LINE WITH GUIDANCE OF £520M TO £560M.NOW EXPECT TO DELIVER INCREASED ANNUALISED COST SAVINGS IN EXCESS OF £330M BY END OF 2019.ADJUSTED EARNINGS PER SHARE OF 70.0P-71.0P REFLECTING ONE-OFF TAX BENEFITS AND A LOWER FINANCE CHARGE AS DISCLOSED IN PEARSON'S Q3 TRADING UPDATE.ONE-OFF RESTRUCTURING COSTS WILL RISE WITH COST SAVINGS TO AROUND £330M.TOTAL UNDERLYING REVENUES WERE DOWN 1% YEAR ON YEAR, WITH DECLINES IN US HIGHER EDUCATION COURSEWARE (US HECW) OF 5% AND US K12 COURSEWARE LARGELY OFFSET BY REST OF BUSINESS GROWING IN AGGREGATE AT OVER 1%..US K12 COURSEWARE CONTINUES TO BE HELD FOR SALE.REVENUE IN NORTH AMERICA DECLINED 1%, CORE WAS FLAT AND GROWTH WAS UP 1%..EXPECT TO DELIVER 2019 ADJUSTED OPERATING PROFIT OF BETWEEN £590M TO £640M.STRONG BALANCE SHEET WITH CLOSING NET DEBT AT 31 DECEMBER 2018 EXPECTED TO BE AROUND £200M (2017: £432M)..COST EFFICIENCY PROGRAMME AHEAD OF PLAN IN 2018 WITH INCREMENTAL COST SAVINGS OF AROUND £130M AND RESTRUCTURING COSTS(1) OF AROUND £100M..  Full Article

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

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Miners lift FTSE 100; Dairy Crest, Provident gain on M&A

Strength in miners on growing optimism over global trade talks helped FTSE 100 inch higher and bid news lifted Dairy Crest and Provident Financial among mid-caps on Friday, while online trading platforms slumped after CMC's surprise revenue alert.