IN BRIEF: Pearson starts first tranche of GBP350 million share buyback

Pearson PLC - London-based educational publisher - Starts first portion of its previously ...

Alliance News 18 March, 2025 | 8:35AM
Email Form Facebook Twitter LinkedIn RSS

Pearson PLC - London-based educational publisher - Starts first portion of its previously announced GBP350 million share buyback programme. The first tranche of the programme is worth GBP175 million and is expected to be completed on or before August 18. Morgan Stanley & Co International PLC will manage the first tranche. Pearson announced the buyback with its annual results at the end of last month. Numbers showed a rise in 2024 profit, despite a slight drop in sales. It intends to start a second tranche of GBP175 million later.

Current stock price: 1,263.50, up 0.2% in London on Tuesday morning

12-month change: up 24%

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pearson PLC 1,252.50 GBX -0.63 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures