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Pearson
May 2023
AI race is disrupting education firms – and that is just the start
Companies’ shares plunge in London and New York after Chegg report that ChatGPT has hit revenues
March 2022
Nils Pratley on finance
Grant Shapps’ response to P&O Ferries won’t get its sacked workers their jobs back
Nils Pratley
New powers will block ferries that pay crews below minimum wage from UK ports, which P&O will probably find acceptable
July 2019
Pearson shifts to Netflix-style subscription model for textbooks
Academic publisher hopes to convince students to subscribe to access online materials
June 2019
A-level maths paper leaked online before exam
Exam board Edexcel launches investigation after Twitter post offers full paper for £70
August 2017
Pearson to axe 3,000 jobs after slump at main US business
Cost-cutting move aims to save educational publisher about £300m a year with 10% cut in global staff after biggest loss in history in 2016
July 2017
Nils Pratley on finance
Pearson picks up $1bn from Penguin – but no treat for investors
Nils Pratley
Pearson sells slice of Penguin for $1bn
June 2017
Exam board makes last-minute changes to two A-level papers after leak
Further pure maths and statistics tests affected as police open criminal investigation into claims relating to other exams this summer
May 2017
Pearson shareholders reject chief executive's £1.5m pay package
Investors’ revolt against deal for John Fallon comes after educational publisher reports largest annual loss in its history
February 2017
Education publisher Pearson reports biggest loss in its history
Pre-tax losses soar to £2.6bn as group – planning to sell its Penguin Random House stake – is hit by slump in US textbook sales
January 2017
Books world uneasy as Pearson to sell stake in Penguin Random House
Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express unease
October 2016
Pearson shares tumble 10% as sales slide
Greenslade
The Economist to take up a new riverside home
May 2016
Economist editor: ‘We don’t want to be the grandpa at the disco’
Zanny Minton Beddoes on new owners, battling Brexit, and making a 173-year-old title work online
January 2016
Pearson to cut 4,000 jobs after second profit warning in three months
World’s biggest education publisher aims to make £350m in cost savings by the end of 2017
November 2015
Pearson and Dow Jones sell stakes in Russian newspaper Vedomosti
Sale marks end of an era for former FT owner as it exits newspaper publishing business after selling its stake to Russian entrepreneur
October 2015
Pearson appoints Sidney Taurel as chairman
Pearson shares slide after profits warning
August 2015
Why did wealthy families pay over the odds for the Economist?
Felix Salmon
The Economist becomes a family affair
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