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The Latest Breaking News from Pearson

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

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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

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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