Half yearly results stated:
Pretax Loss £10M
First Half Sales £2.05B
First Half Operating Profit £16M
First Half Net Loss £17M
Expects to Generate Savings of £70M in 2018
Plans to Cut 3,000 Full Time Equivalent Employees
Sees 2017 Adjusted EPS 45.5p-Adjusted EPS 52.5p
Expects 2017 Adjusted Operating Profit £546M-£606M
Plans £300M Share Buyback
Pearson Cuts Dividend to 5p Vs 18p
As of 8.57am the stock was trading down c.1.98% at c.654p