Pearson PLC

Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management. The Global Assessment Learning segment includes Pearson VUE, US student assessment and clinical assessment. The North America Courseware segment provides courseware and services businesses in the US and Canada. The International segment offers courseware and other businesses outside North America and including UK Qualifications and English. The company was founded by Pearson Samuel in 1844 and is headquartered in London, the United Kingdom.

Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Assessment and Qualifications, Virtual Learning, English Language Learning, Workforce Skills, Higher Education, and Strategic Review. The Assessment and Qualifications segment includes Pearson VUE, US school assessment, clinical assessment, UK GCSE, A levels and international academic qualifications, and associated courseware including the English-speaking Canadian and Australian K-12 businesses and PDRI. The Virtual Learning segment is involved in virtual schools and online program management. The English Language Learning segment focuses on Pearson test of English, institutional courseware, and English online solutions. The Workforce Skills segment offers BTEC, GED, TalentLens, Faethm, Credly, Pearson college, and apprenticeships. The Higher Education segment provides US, Canadian, and international higher education courseware businesses. The company was founded by Pearson Samuel in 1844 and is headquartered in London, the United Kingdom.

LONDON--(BUSINESS WIRE)--Pearson Appoints Vishaal Gupta as President of Workforce Skills.

Pearson Appoints Vishaal Gupta as President of Workforce Skills

Pearson moved to the top of the FTSE 100 risers as the education specialist allayed fears that AI would be a major threat to its business. New chief executive and former Microsoft employee Omar Abbosh, said the development of AI and its integration into Pearson's product suite can mark an inflection point for the group.

Pearson hits 18-month high on buyback and AI optimism

Pearson reported higher operating profits for 2023 that came within its guidance range, as sales fell, and it said it would extend its share buyback by a further $253 million.

Pearson Profit Meets Guidance, Upgrades Buyback

HOBOKEN, N.J. , Feb. 26, 2024 /PRNewswire/ -- Pearson (FTSE: PSON.L) today announced plans to further expand its beta AI study tools into additional Pearson+ eTextbooks.

Pearson to Expand Generative AI Study Tools to More Pearson+ eTextbooks

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Pearson PLC (LSE:PSON) kept up a consistent level of growth in the final months of last year and said it will expand its use of generative artificial intelligence after encouraging results in trials. Underlying sales growth remained at 5% for the full year, as it was for the third-quarter update, the education group said in year-end statement today, with guidance unchanged for adjusted operating profit of £570-575 million.

Pearson hits targets, plans to expand use of generative AI study tools

Pearson PLC (LSE:PSON) will offer up a full-year trading update on Wednesday, 17 January after artificial intelligence has rapidly become a key point of focus for the education industry. What's more, Wednesday's report will be the first since fresh chief executive Omar Abbosh stepped up to the role earlier in January.

Can Pearson keep up with the AI hype as new boss steps up?

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Pearson PLC (LSE:PSON)'s largest shareholder, the Carl Icahn-backed activist investment firm Cevian Capital, has urged the FTSE 100 constituent to delist from the London Stock Exchange in favour of a US listing. In an interview with Bloomberg, Cevian's managing partner Christer Gardell encouraged the move as “an easy and effortless way to increase the value of a company”.

Is Pearson the next FTSE big cap to delist?

CHELMSFORD, Mass.--(BUSINESS WIRE)--Axis Communications, the industry leader in network video, today unveiled the details of new technology upgrades made to help improve the passenger experience and enhance operational efficiency at Toronto Pearson Airport, operated by the Greater Toronto Airports Authority, in Mississauga, Ontario. With global air travel at an all-time high, airports like Toronto Pearson are re-examining how they leverage their surveillance systems by enhancing them with AI pl.

New Tech and AI platform Keep Passengers Moving Safely and Efficiently at Toronto Pearson Airport

Encouraged by student response to Fall semester AI beta, Pearson takes next step to evolve its product offering  HOBOKEN, N.J. , Dec. 14, 2023 /PRNewswire/ -- As students wrap up the fall semester, Pearson (FTSE: PSON.L) today announced plans to expand the availability of its generative AI beta to millions of students in leading math, science and business titles.

Pearson to Expand Generative AI to Millions of US College Students

Deutsche Bank

Pearson has been downgraded by Deutsche Bank, which sees the recent rally as running ahead of itself giving uncertainty about the group's strategic priorities and medium-term targets. The tuition group's improving profitability and cash generation, balance sheet strength and defensive qualities are key reasons to hold the stock, especially given the momentum in Assessment and Higher Education returning to growth.

Pearson downgraded as Deutsche Bank wants strategic clarity

Summary: Pearson Airport Limousine & Taxi Service, a leading provider of convenient and reliable transportation in Canada, has announced plans to expand its transportation services for Niagara Falls Taxi Trips. Toronto, Ontario--(Newsfile Corp. - November 22, 2023) - To address the latest approach in the transportation landscape, Pearson Airport Limousine & Taxi Service is set to expand its transportation fleet for seamless Niagara Falls taxi trips.

Pearson Airport Limousine & Taxi Service Expands Transportation Fleet for Niagara Falls Taxi Trips

Pearson's Assessment & Qualifications business is expected to be an integral part of the company's plans to grow revenue and expand margins for the mid term. Pearson has indicated that its £300 million share buyback program is very likely to be completed by the end of the current year. Pearson stock is still rated as a Buy, as I think that PSO's recent management disclosures have positive read-throughs for the stock.

Pearson: Eyes On Assessment And Qualifications Business And Share Repurchases

First-of-its-kind Partnership helps students gain skills and explore careers while they study HOBOKEN, N.J. , Nov. 15, 2023 /PRNewswire/ -- Pearson (FTSE: PSON.L), the world's leading learning company and Forage, a platform dedicated to helping students get jobs at the world's top employers, today announced a partnership to embed job simulations into Pearson's MyLab courseware platform and in Pearson+.

Pearson Teams Up with Forage to Offer Virtual Job Simulations to Millions of College Students Through Leading Higher Ed Products

MINNEAPOLIS--(BUSINESS WIRE)--Nepsis, Inc. (“Nepsis®”), a national financial advisor and investment management firm, is pleased to announce the promotion of Matt Pearson to the role of president. Matt, who initially joined Nepsis as a research analyst more than a decade ago, has steadily advanced through the company ranks, most recently serving as vice president of business development. He now takes on the role of president, marking a significant milestone in his career journey at Nepsis. “Over.

Nepsis® Appoints Matt Pearson as President

Pearson PLC (LSE:PSON) has raised operating guidance after third quarter revenue grew boosted by particularly strong performances in Pearson VUE and Pearson Test of English. The FTSE 100 listed firm said underlying group revenue rose 5% and it now expects full-year operating profit between £570 million to £575 million, £20 million more than previous guidance,  Assessment & Qualifications revenue was up 8% largely driven by a strong performance in Pearson VUE with good growth in IT and healthcare, alongside the commencement of new contracts.

Pearson lifts guidance, upbeat on AI potential

CAMBRIDGE, Mass., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Korro Bio, Inc., a biopharmaceutical company with a mission to discover, develop and commercialize a new class of genetic medicines based on editing RNA, enabling treatment of both rare and highly prevalent diseases, announced on July 14, 2023, the proposed business combination with Frequency Therapeutics, Inc. (Frequency Therapeutics), a publicly listed company, and its concurrent financing of approximately $117 million before expenses with leading healthcare specialist investors, which is expected to close immediately prior to completion of the merger. Frequency Therapeutics' Annual Meeting of Stockholders, at which Frequency's stockholders will vote on matters related to the business combination, is scheduled for November 3, 2023. Korro Bio expects to close both the financing and merger promptly after the required approvals are obtained from Frequency's stockholders.

Korro Bio Announces Appointment of Tim Pearson to Board of Directors Upon Closing of the Proposed Merger and Promotion of Todd Chappell to Chief Operating Officer

Pearson's US fortunes might be turning up according to analysts at Deutsche Bank, which ash been looking at the trend of US college enrolments. Applications for Federal Student Aid are up says the bank, which is a good sign for Pearson's US exams and courses business after a long period of decline.

Pearson US headwinds potentially easing, suggests Deutsche Bank

LONDON , Sept. 26, 2023 /PRNewswire/ -- Pearson, the world's leading learning company, today launched its Global Scale of Languages (GSL) - a first of its kind scale which will bring unparalleled clarity and simplicity to language learning in different languages.

Pearson launches first of its kind Global Scale of Languages in French, Italian and Spanish to mark European Day of Languages

Shareholders in Pearson PLC (LSE:PSON) may want to hold their shares for the medium term rather than buy more stock in the educational publisher following the loss of its former chief executive Andy Bird.   Analysts at financial services firm Shore Capital Group (LSE:SGR) have downgraded their rating of the publisher's stock from ‘buy' to ‘hold' following the appointment of new CEO Omar Abbosh.

Shareholders may want to hold off trading Pearson stock just yet

Andy Bird to retire LONDON , Sept. 20, 2023 /PRNewswire/ -- The Board of Pearson PLC (FTSE: PSON.L), the world's leading learning company, today announced the appointment of Omar Abbosh as its new Chief Executive Officer and Executive Director, effective early 2024.

Pearson Appoints Omar Abbosh as Chief Executive Officer

Shares in Pearson PLC (LSE:PSON) fell 5% after it announced a change at the top, with Andy Bird having decided to retire and replacement broght in from Microsoft. The education group said Omar Abbosh will be its new CEO from early 2024.

Pearson falls as CEO steps down

Pearson plans to execute on its new share buyback program starting in Q3 2023, following an increase in the company's interim dividend. PSO is in a strong financial position, and this means that the company should have no issues financing its future investments. My rating for Pearson is revised to a Buy, as I take a favorable view of PSO's recent capital allocation initiatives.

News for Pearson PLC Stock (PSO)