Pearson falls after trading statement

0 mins. to read
Pearson falls after trading statement
Ken Wolter /
Master Investor Magazine

Master Investor Magazine 60

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in FTSE 100 educational publisher Pearson (LON:PSON) dropped by 10.65% to 446.40p (as of 09:30 GMT) after it paused its share buyback programme. The company said that while trading until the end of February was in line with expectations, conditions have since changed due to COVID-19.

In particular, the group highlighted uncertainty around courses that rely on access to physical sites, which has already had an impact on operating profits. There has been some improvement in the company’s online business and cost cutting measures are being implemented.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.