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The Latest Breaking News from Pearson

FTSE report: Pearson slumps as Apollo walks away and Team17 warns on Ukraine costs

Shares in Pearson slumped to the bottom of the FTSE today after private equity group Apollo said it was no longer interested in a take private bid.

Evening Standard

Shares in educational publisher Pearson slump as Apollo pulls out

The company, which was on a steady recovery path, was biggest faller on FTSE 100 on Wednesday

The Guardian - UK

North East deals of the week: key investments, contracts and acquisitions

Notable deals this week include Pearson Engineering, Go-Ahead Group, WhatCulture and Hive Estates

Birmingham Post

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Newcastle's Pearson Engineering secures tank contract safeguarding 285 jobs

The firm's Armstrong Works facility will manufacture turrets for the British Army’s Challenger 3 tanks - prompting a £4m investment in machinery

Birmingham Post

Pearson Shares Soar As It Ditches Apollo's Takeover Offer Second Time

U.K. education publishing group Pearson PLC (NYSE:PSO) refused Apollo Global Management Inc's (NYSE:APO) March 7 takeover proposal for 854.2 pence per share which valued Pearson at £6.5 billion, Bloomberg reports. Previously, Pearson rejected Apollo's November cash offer of 800 pence per share, valuing Pearson at £6.1 billion ($8 billion). Pearson reasoned that the offers significantly…

Benzinga

Shares in education publisher Pearson jump 20% on hopes of private equity bid

Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejected

The Guardian - UK

UK economy rebounds; Evraz directors resign after Abramovich sanctioned; BAT quits Russia – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Why Are Pearson Shares Trading Higher Premarket?

Pearson PLC (NYSE:PSO) bumped up its full-year profit guidance for 2021 after significant gains in testing and qualification services. The London-based education and training group's full-year adjusted operating profit would increase by about a third from 2020 to ~385 million pounds and ahead of consensus expectations. Earlier, Pearson said it remains on track…

Benzinga

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