|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||7.092 - 7.092|
|52-week range||6.391 - 9.856|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
** Pearson rise 1.6 pct, among top performers on FTSE 100 in heavy volume ** Exane BNP Paribas raises stock to "outperform" from "underperform", saying change in strategy and potential ...
French publishers La Martiniere Groupe (Other OTC: GROPF - news) and Media-Participations announced talks over a merger that could create a group with combined revenues of more than 560 million euros ($666 million), in the latest sign of consolidation in the industry. La Martiniere, which owns the well-known Parisian literary publishing house Le Seuil, had 2016 revenues of 206 million euros while Media Participations had 2016 turnover of 355 million euros. Media and publishing companies around the world have been embarking on takeover and merger deals, as they look to tackle lower advertising revenues and move away from the traditional print business and into online and digital publishing.
Unlisted German publishing giant Bertelsmann is not considering any further large takeovers worth "billions" and has no plans to list its Penguin Random House (PRH) division, Chief Financial Officer Bernd Hirsch told newspaper Boersen-Zeitung. Bertelsmann raised its stake in PRH to 75 percent in July, giving it the option of listing the business after it purchased a PRH stake from rival Pearson (Xetra: 858266 - news) .
British education group Pearson (Amsterdam: PR8.AS - news) is cutting 3,000 jobs and slashing its dividend in its latest attempt to revive a business hit by the shift to digital from paper textbooks. The job losses, accounting for almost 10 percent of the group total, are part of Chief Executive John Fallon's third attempt since 2014 to reshape a company whose main U.S. college business has also been hit by a drop in student enrollments. Pearson (Xetra: 858266 - news) , the world's largest educational publisher, sells everything from school textbooks to academic books and electronic tests.
British education group Pearson slashed its interim dividend by 72 percent to 5 pence on Friday as it started a restructuring programme to tackle the pressures facing its business. The company, which agreed ...
A run higher for energy shares and miners, as well as strong updates from Norwegian lender DNB, and a more dovish tone from U.S. Federal Reserve Chief Yellen, helped drive European shares up on Wednesday, ...
** Pearson down about 5%, having fallen by same amount on Tuesday ** Bottom of FTSE 100 in heavy volume as analysts express concern over dividend guidance ** Panmure downgrades stock to "sell" ...
A run higher for energy shares and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in on Wednesday, though renewed pain for publisher Pearson weighed on the media sector. Luxury goods group Burberry was a strong gainer, rising around 2.8 percent after reporting 3 percent underlying revenue growth in the first quarter, helped by robust demand in mainland China and continuing good performance in its British market.
Britain's top share index retreated on Tuesday as falls in defensive stocks as well as Pearson and Marks & Spencer (Frankfurt: 534418 - news) overshadowed gains in miners. Mid-cap Carillion extended losses further.
Pearson (Xetra: 858266 - news) is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann, in the British group's latest bid to rebuild following a string of profit warnings. Hit by a sharp downturn in its biggest markets, Pearson has sold off some of its best known assets in recent years including the Financial Times and the Economist to enable it to invest in its core business of education. The 173-year-old group said on Tuesday it would now reduce its stake in the world's biggest consumer book publisher to 25 percent from 47 percent, enabling it to free up cash to return to shareholders and bolster its balance sheet.
Pearson has agreed to sell almost half of its stake in Penguin Random House (PRH) to joint venture partner Bertelsmann for $ 1 billion
** Britain's Pearson 2nd top performing blue chip in London on plans to sell part of its stake in book publisher Penguin Random House ** Pearson to sell 22 pct stake in Penguin Random House to JV partner ...
Bertelsmann has no plans to buy the remaining 25 percent of Penguin Random House from Pearson, its chief executive said after the German media group announced it was raising its stake in the publisher ...
Robust earnings and strength in resources-linked stocks helped Britain's top share index rise on Friday, sealing its best week in two months, with Pearson the standout performer. Britain's blue chip FTSE ...
Investors in education group Pearson (Xetra: 858266 - news) delivered a rebuke to Chief Executive John Fallon on Friday hours after he set out a new cost-cutting plan to try to revive a business hit by the rapid move to digital learning. Plans to cut costs by 300 million pounds annually by 2020 helped to send Pearson shares up as much as 15 percent but Fallon warned of a long road ahead. Investor (LSE: 0NC5.L - news) anger was evident at the company's annual meeting where nearly 70 percent of shareholders voted against its remuneration report in a symbolic protest over the company's performance under Fallon.
The board of Man Group, the world's biggest listed hedge fund, was hit by a new revolt over excessive pay at its annual general meeting on Friday, after more than a quarter of investors opposed its 2016 payouts. It is the latest in a series of high-profile investor rebellions at Britain's top firms, and comes as Prime Minister Theresa May considers a range of changes to the rules around corporate governance to rein in firms' largesse to bosses.
Two-thirds of Pearson (Amsterdam: PR8.AS - news) shareholders symbolically rejected its remuneration report at the publishing firm's annual general meeting on Friday, making clear their disapproval of the company's performance in the last year. In all, 66 percent of the shareholder vote rejected the remuneration report in a non-binding poll. In a separate, binding vote, 31.5 percent rejected the remuneration policy.
Pearson has issued a series of profit warnings in recent years and will now slash its costs by £300 million on an annualised basis by the end of 2019
European shares eased on Friday after a week of gains spurred by easing political worries, strong earnings updates and supportive macro data drove top indexes to fresh highs. Some profit-taking kicked in on the last trading day before the French presidential run-off on Sunday, as centrist Emmanuel extended opinion poll gains over far-right and eurosceptic National Front leader Marine Le Pen (Other OTC: PENC - news) . "Despite that almost nobody expects a surprise, meaning Macron is the overwhelming favourite to win and become the new French president, traders seem to favour (taking) a bit of money off the table," said City of London Markets trader Markus Huber.
Robust earnings and a recovery in resources-linked stocks helped Britain's top share index rise on Friday, putting it on track for a second week of straight gains, with Pearson the standout performer. ...
A drop in oil prices weighed on European shares on Friday though main regional indexes held near recent highs after a week of gains spurred by easing political worries, strong earnings and supportive macro ...