Pearson reported full 2016 results on Friday morning in London, announcing an impairment charge to North American goodwill against their declining higher education courseware market of £2,548 million. While the company said that in 2017 “early trading is in line with expectations,” they neglected to mention the big charge when they reduced their expectations in mid-January and warned investors about further restructuring on the way. In addition to the planned sale of their 47 percent share in Penguin Random House, the company said they will “explore a potential partnership for our English language learning business Wall Street English and the […]
