Pearson falls after trading statement

By
0 mins. to read
Pearson falls after trading statement
Ken Wolter / Shutterstock.com
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.

On 7th July, we will be running a Q&A webinar with the one and only Evil Knievil (Aka Simon Cawkwell). Please share a question for Evil below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you going to take part in Evil's webinar?


Comments (0)

Leave a Reply

Your email address will not be published.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