Key Developments: Pearson PLC (PSON.L)

PSON.L on London Stock Exchange

1,054.00GBp
16 Apr 2014
Price Change (% chg)

9.00p (+0.86%)
Prev Close
1,045.00p
Open
1,048.00p
Day's High
1,062.00p
Day's Low
1,048.00p
Volume
3,072,411
Avg. Vol
3,296,605
52-wk High
1,380.00p
52-wk Low
981.00p

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Latest Key Developments (Source: Significant Developments)

Pearson PLC gives FY 2014 EPS guidance below analysts' estimates - Conference Call
Friday, 28 Feb 2014 09:00am EST 

Pearson PLC:adjusted earnings per share in FY 2014 of between 62 pence and 67 pence.FY 2014 EPS of 75 pence - Thomson Reuters I/B/E/S.  Full Article

Pearson PLC proposes final dividend
Friday, 28 Feb 2014 02:01am EST 

Pearson PLC:Proposes a final dividend of 32.0 pence per share.Payable on May 2 to shareholders on the register at the close of business on April 4.  Full Article

Pearson PLC reaffirms FY 2013 earnings guidance
Thursday, 23 Jan 2014 02:15am EST 

Pearson PLC:Sees FY 2013 operating profit of about 865 million pounds before restructuring charges.Sees FY 2013 Adjusted EPS of around 83 pounds before restructuring charges, in line with the company's previous guidance.Sees FY 2013 Adjusted EPS of around 70 pounds after restructuring charges.  Full Article

Pearson PLC to acquire Grupo Multi
Tuesday, 3 Dec 2013 02:00am EST 

Pearson PLC:Says it has agreed to acquire 100 percent of Grupo Multi from the Martins family, the company's 78 pct majority shareholders, and the investment firm Kinea.Says the value of the transaction will ascend to 440 million pounds (1.7 billion Brazilian reias) in cash and the assumption of 65 million pounds (0.25 billion Brazilian reias) of debt.Says Grupo Multi is the provider of private language schools in Brazil serving over 800,000 students across more than 2,600 franchised schools.Says the transaction is subject to a regulatory review that Pearson expects to be completed in the first half of 2014.Says Morgan Stanley acted as financial adviser to Pearson on this transaction.  Full Article

Pearson PLC to sell Mergermarket Group to BC Partners
Friday, 29 Nov 2013 06:19am EST 

Pearson PLC:Says it has agreed the sale of The Mergermarket Group to funds advised by BC Partners for an enterprise value of 382 million pounds, payable in cash.Says Mergermarket is a provider of global corporate financial news.Says the transaction is expected to close by the end of the first quarter of 2014.  Full Article

Pearson PLC Reiterates FY 2013 EPS Guidance; Lowers FY 2013 Operating Profit Guidance
Wednesday, 30 Oct 2013 03:00am EDT 

Pearson PLC reiterated its fiscal 2013 adjusted earnings per share (EPS) guidance and expects adjusted EPS to be broadly level with fiscal 2012 adjusted EPS of 82.6 pence under revised IAS 19, before expensing restructuring costs. For fiscal 2013, it expects operating profits will be lower than fiscal 2012. The Company reported Operating Profit of $1.488 billion and EPS of $1.34 in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report operating profit of $1.027 billion for fiscal 2013.  Full Article

Pearson PLC Announces Interim Dividend
Friday, 26 Jul 2013 02:00am EDT 

Pearson PLC announced that the board has declared an interim dividend of GBP0.16 per share, a 7% increase on 2012. The dividend accounted for in the six months to June 30, 2013 is the final dividend in respect of 2012 of GBP0.30. An interim dividend for 2013 of GBP0.16 was approved by the Board in July 2013 and will be accounted for in the second half of 2013.  Full Article

Pearson PLC Reaffirms FY 2013 Guidance
Friday, 26 Jul 2013 02:00am EDT 

Pearson PLC reaffirmed fiscal 2013 guidance and expects fiscal 2013 outlook to be unchanged. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP6.1 billion and net income of $627 million for fiscal 2013.  Full Article

Pearson PLC Buys Educomp Solutions Ltd's Stake In JV-DJ
Tuesday, 9 Apr 2013 07:00am EDT 

Dow Jones reported that Pearson PLC has bought Educomp Solutions Ltd's stake in their equally owned Indian joint venture (JV). Pearson and Educomp, which separately said it has exited the venture, didn't provide any financial terms. Pearson and the Indian educational-content and software maker formed the joint venture, IndiaCan Education Pvt. Ltd., in 2009 to offer vocational training.  Full Article

Pearson PLC Issues FY 2013 Earnings Guidance In Line With Analysts' Estimates; Comments On FY 2013 Revenue Guidance-Conference Call
Monday, 25 Feb 2013 07:00am EST 

Pearson PLC announced that for fiscal 2013, it expect operating profits and adjusted EPS to be broadly level with 2012 before expensing these restructuring costs (compared to 2012 adjusted EPS of 82.6p under revised IAS 19 which we will adopt in 2013) and including Penguin for the full year. The Company also announced that it expects to achieve modest revenue growth for fiscal 2013. The Company reported Operating Profit of $1.211 billion and EPS of $1.34 in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report Operating Profit of $1.382 billion and EPS of $1.15 for fiscal 2013.  Full Article

UPDATE 1-Banks, miners nudge FTSE to 3-week closing high

* Pearson, Resolution slip after trading ex-dividend (Updates prices)

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