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Pearson Issues Profit Warning, 10% Of Global Staff To Go

Pearson, the world's biggest education publisher, has issued a profit warning amid a major restructuring programme that will involve 4,000 job cuts, or 10% of the workforce. The FTSE 100 company will also cap its dividend at 2015 levels, following a run of dire trading updates. It warned that operating profit in respect of the 2015 financial year was likely to total GBP720m, with adjusted earnings per share of 69p to 70p, down from a previous guidance of around 70-75p.

Read the whole story at The Telegraph »

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