Fri, 08/03/2013 - 09:15
Pearson is to make a number of employees in its English language teaching and language testing departments redundant as it seeks to adapt to a changing market.
The entire ELT sales team at Pearson is understood to have been told their roles are under threat, among others in the department. Staff were given news of the reorganisation...
Thu, 07/03/2013 - 13:17
The president of Pearson UK Rod Bristow has come out in support of the government’s plans to introduce courses in engineering and construction, while pledging the company would create “world class” vocational qualifications.
The department of education has announced it will develop seven qualifications in...
Tue, 26/02/2013 - 09:30
Penguin UK c.e.o. Tom Weldon has said the publisher will be making connections with creative technology providers at Silicon Roundabout and at SXSW Festival, as well at London Book Fair and Frankfurt, as it looks to take a "360 degree" approach to its IP.
Weldon said Penguin would continue to focus on its brand in 2013,...
Mon, 25/02/2013 - 11:48
Pearson has announced a new strategic framework for the company, while revealing it will spend £150m in restructuring costs this year.
The publisher, which announced its 2012 results this morning (25th February), will be "significantly...
Mon, 25/02/2013 - 10:05
The Penguin Group saw a 1% rise in sales to £1.05bn in 2012 (£1.04bn in 2011). However, the publisher's profits dropped 12% on 2011, according to its 2012 preliminary results, producing an operating profit of £98m, down from £111m the year before.
Parent company Pearson reported a 5% rise in sales overall...
Wed, 20/02/2013 - 09:30
Pearson has launched what it has called an "incubator" programme to help education start-up companies "break through on a global scale".
The company is calling the programme Pearson Catalyst and its aim is to identify promising education start-up businesses which have the same attitudes and ethos towards global...
Mon, 21/01/2013 - 08:30
Penguin has benefited from a "good" fourth-quarter publishing performance and has traded in line with expectations, with the company expecting to report revenues for the publisher in line with 2011, according to a January trading update from its parent company Pearson. In its full year 2011 results, sales grew 1% on an underlying...
Mon, 07/01/2013 - 08:00
Pearson is to exit its UK adult training business, Pearson in Practice.
After launching a comprehensive review into the business in October 2012, Pearson has decided to close the business, at a cost of around £120m.
The company, which was built around Pearson’s 2010 acquisition of Melorio p.l.c., delivered...
Wed, 02/01/2013 - 09:00
Pearson has bought a 5% stake in NOOK Media, the e-reading company spun out of Barnes & Noble earlier this year. Pearson is investing $89.5m in cash in the business valuing it at $1.8bn, and sees the deal as a way of leveraging its education content on the NOOK platforms. NOOK Media, which is part-owned by B&N and Microsoft, also...
Fri, 30/11/2012 - 07:30
Primary school children in years five and six will be challenged to read as many books as they can out of a possible 90 in the inaugural Read for My School competition, which launches in January.
The Pearson Foundation and Booktrust have joined forces to create the initiative with support from the Department for Education. The books...