Income investors left reeling as £2bn wiped off Pearson
The group dismayed investors with plans to cut the dividend payout
Company
LON:PSON
Pearson is an international media company with market-leading businesses in education, business information and consumer publishing.
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The group dismayed investors with plans to cut the dividend payout
The best of the share price rises and falls in London at 3.30pm
Along with recalibrating earnings guidance, it unveiled plans to cut the dividend and potentially offload its stake in Penguin Random House.
FTSE 100 shares closed higher on Wednesday, in spite of investors dumping shares in educational publisher Pearson
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UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
FTSE 100 stocks shed nearly 100 points on Friday, as a combination of strong sterling, weak construction data and a sell-off by majors on Wall Street left the London market only slightly higher on the week
London's FTSE 100 closed sharply lower on Wednesday as Standard Chartered topped the losers' list for a second successive session, while markets grew jittery about a possible Donald Trump electoral victory
The stock has been downgraded in the face of some fairly tough trading conditions.
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A look at some analyst views on Tuesday morning
FTSE 100 shares managed to close higher on Tuesday and hold onto the 7,000 mark – just. The blue-chip ticker ended up 0.8%, or 52 points, at 7,000.06 in what looked like a photo finish
A look at some of the most popular trending stories on the internet on Monday
Pearson was hammered by investors, analysts and pretty much anybody on Monday after sales failed to pick up in the third quarter
No profit warning - yet - but the group is having to cut costs hard to remain on track and there is a limit to cost-cutting
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FTSE 100 shares were dragged lower by education publisher Pearson on Monday which plunged as much as 11% after it reported falling sales amid "challenging" trading
The collapse of sterling will have been a boon to both retailers
Morgan Stanley doesn't believe Pearson will publish another earnings alert, so it sees the shares as too cheap to ignore.
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The FTSE 100 index surpassed its all-time closing high during the day but could not sustain it
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ITV and Inmarsat were the only two media and telecoms firms downgraded by Barclays in its latest note on the industry
London stocks ended at a five-week high on Thursday as investors took comfort from the Federal Reserve’s decision to hold off a US rate hike the previous day
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Also, Sports Direct, Enquest, Pearson, Hurricane Energy
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London shares closed higher on Thursday led by Britain’s biggest tech deal of the year and an advance by oil prices
London stocks were dominated by gains from miners for a second time in a week while forecast-beating UK retail sales data put Brexit fears in the shade to give blue-chip stocks a firm close on Thursday
Ex-div stocks are weighing on the Footsie, which was barely in positive territory
UK taxpayer funded banks have so far reportedly refused to pass the rate cut on
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For analysts at Liberum there were some “causes for concern” at British Airways owner IAG
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London shares recovered to close firm on Friday, after a session most spent in negative territory, after a strong performance from financial stocks, especially bank Barclays
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A look at some broker upraded and downgraded on Friday
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Liberum offers its stock tips should the UK decide to leave the EU or should it decide to stay
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Cuts to the price targets of Next and Frankie & Benny’s owner Restaurant Group were the highlights of a fairly quiet Monday on the broker front
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UBS upgrades gas and electricity firm Centrica, while Berenberg moves Aveva Group the other way
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UK shares went higher on Thursday, but small caps were making slightly better ground than Footsie.
FTSE AIM All-share added 0.19% to 732.6, while FTSE100 was three points better at 6,367, another new high for the year.
UK small caps were outshining big caps in early deals with copper junior Weatherly International PLC the runaway gainer.
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PureTech Health told investors it had expanded its focus on microbiome-based interventions
Small cap shares were doing better than the bigger FTSE100 on Thursday, with Fastnet Equity among notable gainers..
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Britain's blue chip index took the scenic route to finish pretty much where it started - up 83 points to 6,096
FTSE100 was keeping its head above water at lunch as oil crept higher and educational publisher Pearson (LON:PSON) saw shares rise.
Tristel ends a rough week on a high note as directors buy more than 100,000 shares in the company.
State-owned bank to take £2.5bn hit from PPI and other scandals
Some big names report next week, including house builders Barratt Developments, Bovis and High Street bookies Ladbrokes.
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FTSE100 closed 50 points down as traders were put off equities....
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Pearson, a business that was once described as 'opaque'. has had some "layers of uncertainty" removed, Barclays said
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The top-share index put in an injury time effort to rise back above 5,900.
The FTSE100 was up a further 133 points, or 2.3%, to 5,906 with oil stocks rising to the top.
Major share price rises and fallers in London at 4.15pm
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UK equities were in good shape even before ECB president Draghi started sweet-talking the market
The benchmark FTSE 100 Index climbed 21 points to 5,696
George Osborne has given his backing to incumbent IMF chief Christine Lagarde.
The main share price movers in London today at 9.45am
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The Footsie drifted 6.23 points to 5667 after losses in Shanghai and on Wall Street
Education publisher forecast 2016 operating profit of up to £620mln
Analysts have not exactly been upbeat on media giant Pearson in recent months....
FTSE 100 was 30 points lower at 5,774 with oil stocks again bearing the brunt
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While it is unlikely the Footsie will finish the year in credit, three more days of 60 points gains will see it go close
The roof fell in on mining companies but it was a year to celebrate for house builders
Flood damage in the north of England could see a lot of work coming the way of Britain's house builders
The strength of pharma stocks more than outweighed the softness of commodities plays early doors
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The FTSE 100 ended the day 43 points, or 0.7%, higher to 6,061
The FTSE100, which is down around 7.5% on the year, rose almost 1%, or 59 points, to 6,076 by lunch.
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Mining analysts are still reeling from Anglo American’s massive retrenchment yesterday,
The miners turned back into the red during the morning session sending the index 9 points lower to 6,126.
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Berkeley Group's pledge to return a whole wodge of cash to shareholders is doing wonders for the share price
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Pearson, Weir, Sirius Minerals, AdEPT Telecom also feature
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Companies covered: William Hill, Paddy Power, house builders, Shire, Standard Chartered, Ryanair
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Micro Focus, APR Energy, Pearson, Entertainment One and SIG are in the broker spotlight this morning
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After stories of meetings with possible buyers, The Times reports that the fund manager is not looking for suitors
China has cheered the market, especially investors in resource stocks, by announcing further stimulus measures
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Lonmin, Pearson, SThree, Hays, and Robert Walters are in Thursday's broker spotlight
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The only way was up after Mario Draghi's press conference proved sweet music to the ears of the bulls
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Below are the main news-driven share price movements at 12.30pm.
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Investec thought things had bottomed out at Pearson: the broker was wrong
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The FTSE 100 ground out a ‘flat’ close to a rather ordinary Wednesday
The FTSE 100 Index reversed early losses to stand 31.75 points ahead at 6376
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Below are the main news-driven share price movements a 4pm.
In the third quarter sales dropped 5% on a constant currency basis
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Below are the main news-driven share price movements at 3.30pm.
Housebuilder is facing a shortage of skilled staff
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Here's a first look at the main movers in early deals in London on Thursday....
Pearson is offloading a 27.8% holding in The Economist Group to Turin-based Exor Spa, which is controlled by the Agnelli family, for £287mln.
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FTSE 100 eased 1.4%, or 93 points, to 6,541, after a last minute spike softened the blow.
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As Mrs Doyle from Father Ted probably never said: "Yuan, yuan, yuan". It's all about the second "one off event" of a Chinese currency devaluation this morning.
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Miners fall as Beijing's move sparks commodity demand fears
Education group sells news magazine to founders of Italy's Fiat Chrysler
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In the UK, the FTSE 100 Index shed 74 points, or 1.1% to 6,505.
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Photonstar led the risers after it signed a new contract with a leading electronics company, while Golden Saint resources fell after revealing a share placing.
Planned sale follows deal to off-load FT Group to Nikkei
Pearson could sell stake in Penguin Random House, analysts say
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Falling gold prices are taking the shine off miners
Unsurprisingly, Pearson and its sale of the FT to Japan's Nikkei received coverage...
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Pace of eurozone economic growth slowed slightly in July
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FTSE100 is called to start lower as traders are put off.....
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FTSE100 closed lower on Thursday as the mood was one of caution...
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Publishing and education giant Pearson will be very much a stock in focus on Friday, when it posts first half numbers.