29th Feb 2016 11:44
LONDON (Alliance News) - Pearson PLC on Monday said Chief Financial Officer Coram Williams bought shares in the education and publishing group after it reported an annual loss.
Williams bought 5,000 shares at 836 pence each on Monday and now holds 5,010 shares.
Pearson on Friday said it swung to a loss in 2015 due to the huge restructuring it is undertaking to return itself to health, as sales also dipped in competitive markets. Pearson said stability will start to return only by 2018.
The FTSE 100 constituent said it swung to a pretax loss of GBP433.0 million for the year to the end of December, compared to a GBP255.0 million profit in 2014, primarily due to the one-off costs the group will book for the restructuring programme.
The stock was up 3.0% at 861.10p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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