Publishing and education group Pearson said it was in line to meet its full-year expectations after a solid start to the year. The FTSE 100 group said sales in the first quarter of 2015 rose 5% year-on-year, boosted by a strong dollar. Ongoing sales were flat at constant exchange rates compared with the corresponding period 12 months ago, while excluding exceptional items, sales fell 1% to £900m on a reported basis. The London-listed company reiterated guidance for full year adjusted earnings per share of between 75p and 80p this year, up from 66.7 in 2014. Pearson, which owns the Financial Times, proposed a final dividend of 34p, bringing the total dividend to 51p for 2014, a 6% increase year-on-year. Meanwhile, the group chairman Glen Moreno has announced he will step down from the board in the next twelve months after more than nine years in the role. A successor has not yet been identified.
16 Mar '15
Up and Up
This share price just seems to rise and rise..... Happy days
8 Oct '14
RE: PSON Chart Breakout......
PSON PEARSON, had a moderate punt on a S/Bet , is positive and looks like resistance turned support. https://pbs.twimg.com/media/Bza3bU_IIAARQZl.jpg
16 Sep '14
RE: PSON Chart Breakout......
Carrying on from yesterday PSON opened up gapping upwards. Plenty of momentum https://pbs.twimg.com/media/BxqAOY8IIAACfCt.jpg
15 Sep '14
PSON Chart Breakout......
Gone long on SNR Senior. Historical P/E 20, forward P/E to 2015 falls to 15.5. Divi yield 4.62%.Strong momentum. https://pbs.twimg.com/media/Bxk9SUcCAAEJo2s.jpg
27 Apr '14
Positive Points: Trading for the quarter proved to be in line with previous management expectations. The Chief Executive noted that "Our major programme of restructuring and investment is on-track and will drive a leaner, more cash generative, faster growing business from 2015." The company previously highlighted that it will benefit from the absence of £176 million of gross restructuring charges expensed in 2013, which it expects to generate £60 million of incremental cost savings in 2014. Investment in the group's businesses is being made. The Chief Executive has in the past expressed long term confidence, noting that "we are uniquely positioned to tackle some of the biggest challenges in global education including the transforming power of technology. I am particularly excited about the significant opportunity digital education offers for Pearson and the next generation of learners." The Financial Times business generated adjusted operating profit growth of 17% in 2013. Management previously highlighted that "digital subscriptions to the FT continued to grow strongly." The group's business portfolio is still being assessed and adjusted. In December 2013, Pearson announced the disposal of its Mergermarket business to BC Partners for £382 million. The group's dividend policy remains progressive. The total dividend for the 2013 full year was raised by 7%.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.