We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pearson Plc | LSE:PSON | London | Ordinary Share | GB0006776081 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.80 | -0.38% | 996.20 | 995.80 | 996.40 | 1,001.00 | 992.80 | 999.00 | 76,181 | 10:30:40 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Publishing | 3.67B | 378M | 0.5497 | 18.12 | 6.85B |
From May 2019 to May 2024
By Nina Trentmann
U.K. higher-education company Pearson PLC (PSON.LN) is shrinking the number of legacy technology systems it operates, Chief Financial Officer Coram Williams said Thursday.
"At the moment, our focus is to make sure that we are running the business on one system," Mr. Williams said.
The company is halfway through a transformation program to reduce costs by around 300 million pounds ($386 million) a year between 2017 and 2020. Streamlining back- office functions and shrinking headcount to around 25,000--from 40,000 in 2016--is part of that turnaround, Mr. Williams said.
By 2020, the company plans to have a single enterprise-resource system to combine information on finance, inventory management, supply-chain and human-resource management. It had 63 enterprise-resource systems and around 3,500 legacy applications.
Pearson has a physical presence in around 70 countries and counts the U.S. as its biggest market. The company expects to deliver adjusted operating profit for 2018 of between GBP540 million and GBP545 million.
Write to Nina Trentmann at nina.trentmann@wsj.com
(END) Dow Jones Newswires
January 17, 2019 08:03 ET (13:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Pearson Chart |
1 Month Pearson Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
