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Pearson Reports Record Loss, After Slump In The US

Pearson has reported a pre-tax loss of GBP2.6bn for 2016, the biggest in its history, after a slump at its US education operation. The world’s largest education publisher, which in January saw almost GBP2bn wiped from its stock market value after issuing its fifth profit warning in two years, reported the record loss after taking a GBP2.55bn non-cash charge.

Read the whole story at The Guardian »

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