Broker tips: HSBC, Hikma, Pearson
3rd May 2023 16:16
(Sharecast News) - Berenberg upgraded HSBC to 'buy' from 'hold' on Wednesday, keeping the price target at 780p, as it said the bank's return on tangible equity of around 13% and attractive growth potential are undervalued.
Read morePearson not as exposed to AI as some of its rivals, says JPM
3rd May 2023 12:35
(Sharecast News) - JP Morgan kept its 'overweight' rating on Pearson on Wednesday, arguing that the educational publisher is not as exposed to the potential threat of artificial intelligence as some of its rivals.
Read morePearson slides after Chegg warns over ChatGPT
2nd May 2023 09:33
(Sharecast News) - Shares in education publisher Pearson slid on Tuesday after US firm Chegg, which provides online guidance for students preparing tests, warned over the impact of AI chatbots on its homework-help services.
Read morePearson to start £300m share buyback in second half as Q1 sales rise 2%
28th Apr 2023 07:20
(Sharecast News) - Education publisher Pearson said it was on track to meet annual guidance and announced a £300m share buyback to start in the second half of the year as underlying group sales rose 6%.
Read morePearson sells POLS business to private equity firm Regent
21st Mar 2023 07:01
(Sharecast News) - Educational publisher Pearson said it was selling its Online Learning Services (POLS) operation to private equity firm Regent for a deferred sum as part of a strategic review of its business.
Read morePearson posts better-than-forecast rise in FY earnings
3rd Mar 2023 07:02
(Sharecast News) - Educational publisher Pearson reported a better-than-expected rise in annual profits driven by revenue growth and cost savings and said it would grow sales by low to mid single digits this year.
Read morePearson to post estimate-busting annual profits
18th Jan 2023 07:41
(Sharecast News) - Pearson on Wednesday said it would report better-than-expected annual profit, driven by a strong sales rise across most of its divisions.
Read morePearson to buy workforce assessment provider PDRI for $190m
19th Dec 2022 10:12
(Sharecast News) - Educational publisher Pearson said on Monday that it has agreed to buy workforce assessment services provider Personnel Decisions Research Institutes (PDRI) from SHL Group for $190m.
Read morePearson Q3 underlying sales rise 7%
24th Oct 2022 07:03
(Sharecast News) - Publishing company Pearson said on Monday that underlying sales were up 7% in the third quarter, leading the group to reaffirm its full-year sales and adjusted operating profit expectations.
Read moreJPMorgan reinstates Pearson at 'overweight', highlights defensive qualities
1st Sep 2022 10:23
(Sharecast News) - JPMorgan Cazenove reinstated its 'overweight' rating on Pearson on Thursday, highlighting the education publisher's defensive qualities.
Read morePearson to sell SA courseware publishing business for £53m
12th Aug 2022 11:22
(Sharecast News) - Educational publisher Pearson said on Friday that it has agreed to sell 75% of its South African courseware publishing business to Novus Holdings for £53m.
Read moreDeutsche Bank stays at 'buy' on Pearson after reassuring 1H numbers
2nd Aug 2022 13:35
(Sharecast News) - Analysts at Deutsche Bank reiterated their 'buy' recommendation for shares of Pearson, labelling the publishing and education outfit's latest interim numbers "reassuring".
Read morePearson delivers 'strong' H1 performance, reaffirms FY guidance
1st Aug 2022 07:06
(Sharecast News) - Publishing company Pearson said on Monday that it had delivered a "strong financial performance" in the six months ended 30 June, leading the group to reiterate guidance for the full year.
Read moreDeutsche Bank upgrades Pearson to 'buy'
21st Jun 2022 08:33
(Sharecast News) - Deutsche Bank upgraded Pearson on Tuesday to 'buy' from 'hold' and hiked the price target to 900p from 625p as it said the educational publisher was "turning over a new leaf".
Read morePearson sells K12 Italy, German businesses for £163m
7th Jun 2022 07:35
(Sharecast News) - Education publisher Pearson said it had sold its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation for £163m.
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