Pearson H1 FY14 results – cost savings promised, but no growth committment yet

Markets took a little time to appreciate the current cyclical and structural squeeze on profitability, but eventually got the message. So far, that message is pain today as the group invests to extend is leadership in digital learning through a protracted cyclical downswing in its main markets followed by jam tomorrow as these measures yield […]

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Pearson disappoints (again) and resorts to the old trick of dropping the adj tax rate

Pearson:   Another update (Jan trading statement) and another slippage in underlying expectations as US educational markets continue to decline and with even the 70p per share FY13 guidance relying on some exceptional massaging of the ‘adjusted’ tax rate.  Without an early turn in this market cycle and Pearson’s own internal investment programme unlikely to deliver […]

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