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Pearson PLC (PSON.L)

PSON.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pearson Says 2017 Median Gender Pay Gap Was 15 Percent In Britain
Thursday, 1 Mar 2018 04:45am EST 

March 1 (Reuters) - Pearson ::SAYS 2017 MEDIAN GENDER PAY GAP WAS 15 PERCENT IN BRITAIN.  Full Article

Pearson To Sell Wall Street English To A Consortium Of Funds​
Monday, 27 Nov 2017 02:42am EST 

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 03:30am EDT 

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 completes sale of 22 pct stake in Penguin Random House
Thursday, 5 Oct 2017 11:15am EDT 

Oct 5 (Reuters) - Pearson Plc :PEARSON COMPLETES SALE OF 22 PCT STAKE IN PRH.‍HAS TODAY COMPLETED SALE OF A 22 PCT STAKE IN PENGUIN RANDOM HOUSE VENTURE TO OUR PARTNER BERTELSMANN SE & CO KGAA​.  Full Article

Pearson says to sell Global Education business
Wednesday, 16 Aug 2017 05:35am EDT 

Aug 16 (Reuters) - Pearson Plc ::‍ANNOUNCES SALE OF GEDU TO PUXIN EDUCATION​.COMPLETED DISPOSAL, TOGETHER WITH SALE OF ASSOCIATED PROPERTY ASSETS, IS EXPECTED TO GENERATE GROSS CASH PROCEEDS TO PEARSON IN REGION OF $80M.MOELIS & COMPANY ACTED AS FINANCIAL ADVISOR TO PEARSON ON THE DISPOSAL.  Full Article

Bertelsmann says stake buy sets Penguin Random House value at $3.55 bln
Tuesday, 11 Jul 2017 02:00am EDT 

July 11 (Reuters) - Bertelsmann :Says acquisition of further 22 percent of Penguin Random House from Pearson <<>> sets enterprise value at $3.55 billion.Says acquisition gives it right to appoint chairman.  Full Article

Learn Africa Plc posts FY pre-tax profit of 134.3 mln naira
Monday, 3 Apr 2017 01:25am EDT 

Learn Africa Plc : FY ended Dec 2016 profit before taxation of 134.3 million naira versus loss of 618.0 million naira year ago . FY turnover of 2.01 billion naira versus 1.89 billion naira year ago . Propose payment of dividend of 10 kobo per share Source: http://bit.ly/2nv26rp Further company coverage: [LEARNAF.LG] (Bangalore.newsroom@thomsonreuters.com).  Full Article

Bertelsmann currently not in talks over Penguin Random House - CEO
Tuesday, 28 Mar 2017 05:50am EDT 

Bertelsmann CEO in news conference : Says long-term investors such as pension funds, family offices could be partners for Penguin Random House stake . Says currently not in talks with potential investors for Penguin Random House . Says sees no reason to sell more shares in RTL Group or other companies Further company coverage: [BTGGg.F] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Pearson announces strategic review of Wall Street English business, Global Education business
Friday, 24 Feb 2017 02:22am EST 

Pearson Plc : Initiated processes to explore a potential partnership for its english language learning business Wall Street English . Initiated processes to explore possible sale of its english language learning business GEDU . Processes are at an early stage and there is no certainty that they will lead to transactions . Pearson has appointed moelis & company to advise on both of the processes .China remains a significant market for pearson. Pearson will continue to fully own and manage its successful learning services business..  Full Article

UPDATE 3-U.S./German 2-year bond yield gap widest since 1989 as rate views diverge

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Updates prices)