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Andy Bird will take up the CEO role at Pearson next month

Pearson overcomes investor ire to hire new CEO

Shareholders in educational publisher Pearson sanctioned the appointment of former Disney executive Andy Bird as CEO today, accepting the need for a multimillion-pound pay packet to secure his services.

Business • 18 Sep 20

Pearson CEO is due to step down later this year

Pearson appoints Walt Disney exec Bird as new CEO

Global education group Pearson has appointed Andy Bird, a media veteran who ran the international arm of The Walt Disney Company, as its new chief executive.

Business • 24 Aug 20

Pearson's CEO John Fallon said the company was in a strong financial position with a healthy balance sheet, low net debt and good liquidity

Pearson increases online focus as revenue falls 5%

Britain's Pearson said its first-quarter revenue declined 5% driven by the Covid-19 pandemic, which has caused the closure of schools and assessment centres.

Business • 24 Apr 20

Pearson CEO John Fallon said the company was seeing an 'explosion' in demand for online learning

Online learning rockets in virus pandemic - Pearson

Pearson has seen an "explosion" in demand for online learning, with traffic across its platforms quadrupling as millions of children start to adapt to home schooling during the coronavirus pandemic, its chief executive said.

Business • 27 Mar 20

Pearson's full-year revenue flat, sees profit of £590m

Shares in British publisher Pearson slumped today to their lowest in more than a decade after it said operating profit would be lower this year because of continued declines in sales at its US higher education business.

Business • 16 Jan 20

Pearson is selling its remaining 25% stake in publisher Penguin Random House

Pearson to sell Penguin Random House stake

Britain's Pearson is selling its 25% stake in Penguin Random House to German partner Bertelsmann, ending a near 50-year association with consumer publishing to focus solely on education.

Business • 18 Dec 19

Pearson warns on profit on weak US trading

British education company Pearson today warned that its full year profit would be at the bottom of its guided range.

Business • 26 Sep 19

Pearson CEO John Fallon said the company is starting to benefit from accelerating its shift to digital

Pearson revival on track as shift to digital pays off

Pearson, the world's biggest education company, said it had traded well in the first half of 2019 and would stick to its revenue guidance, as its strategy to shift away from textbooks towards digital learning begins to pay off.

Business • 26 Jul 19

Pearson CEO John Fallon said he was pleased to have its US school publishing unit find a new owner committed to its future

Pearson sells K12 US textbook unit for $250m

UK education company Pearson said today it had agreed to sell its US K12 courseware business to Nexus Capital Management for $250m as it shifts its focus from textbooks to digital.

Business • 18 Feb 19

Pearson said it expects higher savings from its cost cuts

Pearson sees cost cuts bearing fruit

UK education publisher Pearson said today it expects higher savings from cost cuts as it goes through a major restructuring to focus on and ramp up digital content.

Business • 16 Jan 19

Pearson i rebuilding as a digital learning company after major pressures in its US higher education division

Pearson set for return to profit growth

British education company Pearson said it was on track to return to profit growth in 2018 despite pressures in its US higher education textbook business wiping out earlier sales gains.

Business • 17 Oct 18

Pearson CEO John Fallon said the company expected to report its first rise in profit for six years in 2018

Pearson on track after first-quarter revenue edges up

British education publishing company Pearson said it was on track to return to underlying profit growth this year after revenue rose 1% in the first quarter.

Business • 04 May 18

Pearson has already sold a stake in book publisher Penguin Random House

Pearson sees brighter future with 'Spotify' approach

Pearson said it expects its underlying profit to increase for the first time in six years in 2018 after rebuilding its business for students of the "Spotify generation" who want to rent rather than buy books.

Business • 23 Feb 18

Pearson had issued a string of profit warnings and cut thousands of jobs due to the shift to digital from paper textbooks

Education group Pearson nudges profit forecast higher

Pearson expects full-year operating profit in the top half of its forecast range, in the first positive trading news for the British education group in recent years.

Business • 17 Oct 17

Pearson said its first-quarter trading had been in line with guidance

Pearson launches new cost-cutting drive

Pearson, the global education company battling a downturn in its biggest markets, said it would cut more costs and consider selling its US school courseware business in the latest attempt to restructure.

Business • 05 May 17

John Fallon