Listening to Pearson explaining away a -7% fall in H1 organic revenues, one might have come away with the impression that the group is bravely responding to a perfect storm of cyclical forces largely beyond its control. We are reminded that College enrolments (and therefore demand for HiEd textbooks and learning materials), is contra-cyclical to […]
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The Fed it seems is off the hook for an interest rate increase for at least another month after the May non-farm payroll number. At +38k of net additions for the month (+25k for private sector) and with March and April figures also restated down by -59k, this is hardly the escape velocity of a […]
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