|Day Low/High||7.18 / 7.28|
|52 Wk Low/High||7.04 / 13.20|
Company news came back to the fore for European stocks on Wednesday as earnings season approaches.
International education and media company Pearson noted that sales in its North American unit declined by 30% in the fourth quarter, hurting overall full year net revenue.
The U.K-based education publisher wants to sell to the books business to its joint venture partner Bertelsmann to finance further investment in its digital operations.
The British currency surged after the U.K. Prime Minister Theresa May outlined a Brexit plan.
Pearson shares plunged in Wednesday after the British publishing group slashed its dividend and cautioned that profits would underperform over the next two years.
London's FTSE 100 leads the decline across Europe as stocks and bonds fall on inflation fears.
Benchmark 10-year Gilt yields push past 1.16%, the highest level since the Brexit vote.
Investors might want to be cautious with these stocks, ranked a 1 on the S&P STARS scale.
Bank of England defies market expectations and keeps rate at 0.5%
A loss of contracts in New York and Texas, and restructuring measures weigh down the education company
ARP PSO WGL are going ex-dividend tomorrow, Wednesday, April 06, 2016
-- Families Across the Globe Enrolling K-12 Students in Wide Range of Summer School Courses --
Pearson (PSO) said it's planning to eliminate 4,000 jobs or about 10% of its workforce as the learning company grapples with slowing demand for print-focused educational materials.
European stocks make a tentative recovery Thursday morning after more carnage in Asia, as investors look to commentary later Thursday from European Central Bank Chief Mario Draghi.
Pearson's restructuring aligns the company with an increased focus in digital education and a partnership with Arizona State and Starbucks is driving results.
European stocks retreat on Wednesday, erasing earlier gains amid a selloff in mining and metals companies.
Pearson (PSO) stock is down after the company issued a full year earnings warning.
Pearson (PSO) stock is tanking this afternoon, after lowering its full-year earnings guidance and warning of worsening market conditions.
European stock indices move higher on Wednesday, reversing initial losses triggered by some disappointing earnings bulletins.
Their businesses are sagging, but the market has yet to catch on to Costco, Host Hotels & Resorts and Pearson.
Mobile middleware may play a bigger role in helping companies build their mobile capabilities. This software connects individual mobile applications with each other and other corporate applications and systems.
Italy's Agnelli family, owner of Fiat Chrysler, takes its stake to 43.4%. Remaining shares will be owned by the Economist Group and the Rothschild, Cadbury, Layton and Schroeder families.
What did the social-media universe have to say about stocks last week? Here's the a round-up of most-discussed stocks.
Two tech companies in Jim Cramer's charitable trust report as well.
There may be more deals to come, especially for "legacy media," after this week's sale of the Financial Times, said Martin Sorrell, CEO of the advertising firm WPP.
Qualcomm (QCOM) fell Thursday after posting light guidance.