Nikkei swoops for Financial Times as outbound Japanese M&A hits all-time record in 2015 and analysts cite Abenomics July 23, 2015 Japanese firms are casting their nets far and wide as deals activity heats up, with media giant Nikkei’s £844m swoop for the Financial Times yesterday taking the country’s outbound M&A to an all-time high in 2015. Companies from Japan have splashed nearly $53bn (£34bn) on foreign takeovers so far this year, putting them on [...]
Nikkei buys Financial Times from Pearson for £884m July 23, 2015 Japanese media company Nikkei is the triumphant bidder for the FT, picking up the newspaper and other publications from Pearson for £884m in an all-cash deal. The sale includes the famous pink paper and website FT.com, a web design business FT Labs, FT Chinese and Financial Publishing which includes publications such as The Banker and [...]
Pearson share price jumps after confirming Financial Times sale talks with Axel Springer in the spotlight July 23, 2015 Shares in the publisher of the Financial Times, Pearson, have jumped more than two per cent following reports that it will announce the newspaper group's sale "imminently". Pearson confirmed that it is in "advanced discussions" to sell off the FT Group. Latest: Nikkei buys Financial Times from Pearson for £884m In a market update, the company [...]
City headhunters appointed with FT-owner Pearson chair Glen Moreno set to step down January 27, 2015 Financial Times-owner Pearson has appointed a City headhunting firm to begin the groundwork in lining up a successor for chairman Glen Moreno who is expected to step down this year. While headhunter JCA Group has not yet begun approaching suitable candidates, City A.M. understands they will begin doing so in the coming months. “There is [...]
Positive Pearson picture sends share price up leading FTSE higher January 21, 2015 Shares in Pearson were up as much as five per cent this morning leading the FTSE 100 higher as the education business and publisher of the Financial Times said it expects earnings at the top end of forecasts. Investors were cheered to learn that earnings for 2014 are expected to come in at 66 pence [...]
Pearson share price drops as finance chief Robin Freestone exits while full year guidance remains on track says John Fallon October 24, 2014 Pearson's share price dropped two per cent this morning after it said it's losing its long-serving finance man, Robin Freestone, who is departing the publisher after 10 years. The Pearson board has already begun the search for a replacement for Freestone when he departs before the end of 2015, and is looking both internally and [...]
Pearson warns of falling earnings in 2014 after US education slowdown February 28, 2014 Publishing company Pearson has reported a fall in profit before tax of two per cent to £382m in its preliminary results for 2013. Adjusted earnings per share also fell by 15 per cent from 82.6p to 70.1p. However, sales at CER climbed two per cent to £5.2bn, while the company experienced growth in emerging markets. [...]
Pearson shares suffer as firm’s US sales slump January 23, 2014 PEARSON yesterday warned that 2013 earnings will miss expectations due to poor demand in North America and restructuring costs, causing the publisher’s share price to fall 8.2 per cent. In a trading update it said it expects earnings per share after restructuring charges to be around 70p, compared with forecasts of around 76p. “With trading [...]
Pearson takes over language schools in Brazil December 3, 2013 PEARSON added to its education arm yesterday by unveiling plans to spend £440m on an English language training company in Brazil. The FTSE 100 firm, which owns the Financial Times, said its purchase of Grupo Multi is part of its goal to expand in fast-growing economies. The company will pay £440m in cash and assume [...]
US spending aids Pearson November 2, 2005 Pearson, the publishing group, enjoyed a strong third quarter as the American government ploughed funds into education. The group that publishes the Financial Times posted a 20 per cent increase in operating profit as sales moved ahead 10 per cent in the nine months to 30 September. Its key education division posted a 13 per [...]