Connect to share and comment

UPDATE 2-Pearson to restructure as growth proves elusive

February 25, 2013 08:00
* Sees 2013 earnings flat * 2012 EPS down 3 pct to 84.2 pence in line with January guidance * Starts 150 mln stg restructuring plan * CEO says FT not for sale * Shares down 5.6 pct By Sarah Young LONDON, Feb 25 (Reuters) - British learning and media group Pearson warned earnings will stall this year as it launched a 150-million-pound ($228.99 million) overhaul to counter a tough advertising market and tighter educational budgets.

British publisher Pearson reports annual profits slump

February 25, 2013 04:15
British publisher Pearson, owner of the Financial Times newspaper, said on Monday that its annual net profits slumped 66 percent in 2012 as its print business came under pressure from fast-growing digital media. Profits after tax tumbled to £326 million ($493 million, 373 million euros) last year compared with net earnings of £957 million in 2011, while the group said it expected a tough 12 months ahead.

Banks lead UK shares higher as FTSE resumes uptrend

February 11, 2013 06:15
* FTSE 100 gains 0.2 percent * Financials add over 8 points to the index * Barclays boosted by proposed cuts * Index rangebound but technical picture looks rosy By Alistair Smout LONDON, Feb 11 (Reuters) - Britain's blue-chip index edged up on Monday, supported by resilient banking shares after posting its first weekly loss this year last week.
Syndicate content