IN BRIEF: Pearson starts GBP350 million share buyback amid "momentum"

Pearson PLC - London-based educational materials publisher - Launches GBP350 million share buyback programme on Wednesday. The first half of the buyback will be run by Citigroup Global Markets Ltd and completed by May 21. The second half will be started "in due course". All the repurchased shares will be cancelled, Pearson says.

The company adds on Wednesday that it has entered 2026 with "momentum and confidence" in delivering against market expectations and its own medium term outlook, though it expects its 2026 interest charge to increase due to the funding required for the share buyback. Pearson says market expectations for its 2026 results are adjusted operating profit of GBP658 million, up from GBP612 million expected for 2025. Organic revenue growth at constant exchange rates is expected to be 4.8% in 2026 after 3.8% in 2025. The company's interest charge is expected by market consensus to be GBP70 million in 2026 after GBP65 million in 2025.

Current stock price: 968.00 pence, up 3.2% in London on Wednesday

12-month change: down 24%

By Tom Waite, Alliance News editor

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