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Sancho Panza

Pearson Issues Profit Warning And Cuts 4,000 Jobs

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Telegraph 21/1/16

'Pearson, the world's biggest education publisher, has issued a profit warning amid a major restructuring programme that will involve 4,000 job cuts, or 10pc of the workforce.

Shares at the education publisher slumped to a six-and-a-half year low this week and have fallen by more than 50pc since March.

Investors were already braced for bad news, however, as Pearson has been grappling with difficult trading in its core American market for months.

Analysts at Panmure Gordon yesterday halved their target price on Pearson's shares, from 1,475p to 760p, citing expectations of a "dividend cut, tough trading conditions, restructuring and retrenchment" at the school textbook and professional learning publisher.'

Not seen this posted elsewhere.

Good to see Panmure Gordon being ahead of the game.

Isn't one of Pearsons main businesses selling overpriced books for over valued degrees?

Edited by Sancho Panza

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Pearson's profit warning was a while ago. Impeccable timing publishing that story the day they publish "not as bad as we thought" news and the share price is a whopping 15% up!

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Pearson's profit warning was a while ago. Impeccable timing publishing that story the day they publish "not as bad as we thought" news and the share price is a whopping 15% up!

This is another one.

http://www.theguardian.com/media/2016/jan/21/pearson-cut-jobs-profit-warning

'Pearson is to cut 4,000 jobs after issuing its second profit warning in three months.'

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Guest eight

Telegraph 21/1/16

Investors were already braced for bad news, however, as Pearson has been grappling with difficult trading in its core American market for months.

Analysts at Panmure Gordon yesterday halved their target price on Pearson's shares, from 1,475p to 760p, citing expectations of a "dividend cut, tough trading conditions, restructuring and retrenchment" at the school textbook and professional learning publisher.'

Is this as a result of Americans getting smarter and therefore requiring less education?

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Pearson and other educational publishers did really well post-2008 when loads of Americans got laid off and went back to college to retrain. I guess that wave's slowed down now. But if they hang on in there for another year there could be another wave coming!

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