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March 5, 2013
15:08 EDTPSOPearson CEO tells FT staff there will be fewer jobs in U.S., U.K, Bloomberg says
Pearson (PSO) CEO John Fallon told staff that there will be fewer jobs in the U.S. and U.K. at the Financial Times unit as the publisher focuses on emerging markets. Reference Link
News For PSO From The Last 14 Days
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July 26, 2015
16:42 EDTPSOPearson in talks to sell stake in Economist Group
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July 24, 2015
08:52 EDTPSOPearson sale of Financial Times positive, says Bernstein
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05:43 EDTPSOPearson expects to return to more normal levels of restructuring expenditure
Expects cyclical and UK policy related factors to stabilize in 2015. The US policy environment remains uncertain. In North America, the company expects growth in online higher education services and VUE and, with more stable college enrollments and a slower new edition year, courseware to be broadly level. In School, the company expects greater stability in courseware and assessments with growth in virtual schools.In Core markets, the company expects trading conditions to stabilise in the UK, growth in inside services to broadly offset declines in courseware in Australia, and sustained share in Italy following share gains in 2014. Pearson expects the Financial Times to continue to benefit from, and invest in, its digital transition. In Growth markets, the company expects good growth in China in our English Language Learning adult and test preparation businesses and continued stability in courseware; in Brazil, it expects a better year in our sistemas business and good growth in the English Language Learning franchises; and in South Africa Pearson expects modest declines in the school courseware and lower enrollments in higher education.
05:40 EDTPSOPearson backs FY15 adjusted EPS 75p-80p
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05:39 EDTPSOPearson reports interim 2015 adjusted EPS of 4.4p compared to 4.7p last year
Reports interim 2015 sales up 1% at CER to GBP 2.2B, reflecting growth in North America, Brazil and China, and strength in digital and services, including Connections Education and Pearson On Line Services. This was partly offset by a smaller new textbook adoption market in US schools and the phasing of school textbook expenditure and lower college enrolments in South Africa. Reports interim 2015 deferred revenue from continuing operations up 3% at CER to more than GBP 750M as a result of further good progress in our digital and services businesses partly offset by lower deferred revenue in UK testing and in South Africa, due to lower college enrollments.
July 23, 2015
12:59 EDTPSOPearson's FT sale gives way for education deals, Bloomberg says
Pearson's sale of the Financial Times to Nikkei allows it to pursue acquisitions in educational publishing, Bloomberg says, citing an analyst at Panmure Gordon & Co. “Pearson’s direction of travel has been clear,” said media analyst Jonathan Helliwell. “This deal gives them the flexibility to do some education mergers and acquisitions and help toward restructuring costs." Reference Link
11:13 EDTPSONew York Times becomes Bloomberg's best target after FT sold, Re/code says
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10:49 EDTPSOPearson trading resumes, shares up 33c to $19.21
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10:17 EDTPSOPearson: Deal does not include 50% stake in The Economist Group
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10:16 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:15 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:13 EDTPSOPearson trading halted, pending news
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10:11 EDTPSOPearson sells FT to Nikkei for $1.29B, MarketWatch reports
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10:11 EDTPSOAxel Springer says will not acquire Financial Times from Pearson
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09:28 EDTPSOPearson in talks to sell FT Group to Axel Springer, FT reports
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06:17 EDTPSOPearson says in advanced talks to sell FT Group
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05:56 EDTPSOPearson will sell FT newspaper to digital news company, Reuters reports
Pearson will sell The Financial Times to a digital news company, a source tells Reuters. The source says an announcement is expected to be made "shortly." Reference Link
July 20, 2015
09:29 EDTPSOPearson receives interest in Financial Times from suitors, Bloomberg reports
Pearson is sounding out potential bidders for the Financial Times after receiving interest in the newspaper, according to Bloomberg, citing people familiar with the matter. There is no formal process under way, but a sale, if pursued, may value the business at as much as $1.6B, added the report, which noted that FT could draw interest from media companies such as Axel Springer. Reference Link
09:21 EDTPSOPearson weighing sale of Financial Times following approaches, Bloomberg says

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