18th Mar 2025 08:35
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
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