Demand for online learning boosts Pearson s Q1 trading
Updated / Monday, 26 Apr 2021
07:54
Pearson is repositioning itself as a consumer-facing group offering training and skills for life beyond its core schools and colleges remit
Global education group Pearson said strong demand for online learning courses had helped the group to post a 5% rise in underlying revenue growth in the first three months of the year.
The company is repositioning itself as a consumer-facing group offering training and skills for life beyond its core schools and colleges remit, said it continued to expect to deliver revenue and profit growth in 2021.
Trading was boosted by a 25% jump in demand for programmes in its Global Online Learning division, as people around the world enrolled for courses at virtual schools.
Top UK Stocks to Watch: Pearson shares rise after solid start to 2021
Joshua Warner April 26, 2021 8:55 AM
Pearson delivers a much-improved performance, Tate & Lyle considers selling its primary products division, IMI ups its guidance and launches a new share buyback, Draper Esprit smashes expectations, and reports emerge that Darktrace is preparing to cut the value of its London IPO. Share:
Top News: Pearson expects to return to growth in 2021
Pearson said it expects to report revenue and profit growth in 2021 after the educational media business delivered 5% topline growth in the first quarter, driven by its shift to online learning during the pandemic.
WTO chief urges UK and US to export vaccines to poorer nations
The head of the World Trade Organization urged rich nations to export more Covid-19 vaccines, singling out the UK and the USÂ as she reiterated the need to ensure poor countries arenât left behind if the world wants to get through the pandemic.
Bloomberg has the details:Â
âVaccine nationalism and inequity doesnât work,â WTO Director-General Ngozi Okonjo-Iweala said at a virtual trade policy event Monday hosted by the European Commission.
âI would urge those countries that are not sharing, or exporting, to do so as quickly as possible,â Okonjo-Iweala said. âIt would be great if we could get the United Kingdom and the U.S. also to be able to export some of the vaccines made and I think they are gearing up to do so.â
26 April 2021 | 07:06am
StockMarketWire.com - Educational publishing and services group Pearson said its first-quarter sales had grown 5% year-on-year, underpinned by a strength in its online learning business.
The growth in sales for the three months through March included a 25% jump in online learning and a 1% rise in US courseware, offset by 2% in each of global assessment and international.
Pearson said it still expected its performance to be in line with a 2021 outlook outlined on 8 March. It s been a good start to the year for Pearson, delivering 5% sales growth in the quarter, chief executive Andy Bird said. This is despite a longer period of disruption from Covid-19 in the quarter compared to last year.
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