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Feb. 28, 2025
Pearson released a preliminary report of their full year 2024 results, with sales of £3.55 billion, compared to £3.67 billion in 2023, down due to currency fluctuations. Excluding businesses under strategic review, the company reports sales up 3 percent, due to growth in all segments except virtual schools. Operating profit was £541 million, up 9 percent from the previous year, “driven by increased trading profits, a reduction in property and intangible amortization charges, a lower year on year net loss from acquisitions and disposals, partially offset by one off UK discretionary pension charges,” according to a release. Adjusted operating profit …
Deal of the Day
Erin L. McCoy's UNDERLAKE, following two women who dive deep into the waters of a mysterious lake under which a town of people are rumored to live, connected by an intricate system of tubes and chimneys; along the way discovering communities that have lived in isolation for decades and witnessing the extremes of delusion to which institutional religion, white flight, and nostalgia have driven them; and exploring what is possible when women reach through … read more
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