Edition:
United Kingdom

Pearson PLC (PSON.L)

PSON.L on London Stock Exchange

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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

Pearson says H1 trading in line with expectations
Friday, 29 Jul 2016 

Pearson Plc : Is trading in-line with expectations set in February and is reiterating 2016 guidance . Growth and simplification plan is on-track and our 2018 goals are unchanged . If current exchange rates persist until end of 2016 earnings per share guidance range will increase by approximately 4p . H1 sales of 1,866 mln pounds declined 7 pct in underlying terms primarily due to expected declines in assessment revenues in US and UK . H1 adjusted EPS loss 1.3 pence versus 4.4 pence profit year ago . Interim dividend 18 penceper share . H1 adjusted operating profit of 15m pounds is in-line with our expectations and down 39m pounds when compared to H1 2015 . H1 revenues declined 11 pct at constant exchange rates, reflecting underlying revenue declines . Dividend held level at 18p, in-line with previous guidance, reflecting board's confidence in medium term outlook .In 2016, expect to report adjusted operating profit, adjusted EPS before costs of restructuring of between 580m pounds and 620m pounds and between 50p and 55p.  Full Article

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Pearson's London Strand HQ may be next to go in cost cutting drive

LONDON Pearson , the world's biggest education company, could move out of its London Strand headquarters as part of its latest drive to cut costs after U.S. students stopped buying so many textbooks.