Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Education group Pearson targets consumers directly with new strategy

2021 03 08T073415Z 1 LYNXMPEH270CE RTROPTP 4 PEARSON DIVESTITURE - Global Banking | Finance

LONDON (Reuters) – Global education group Pearson said it would restructure the company to be able to serve consumers directly, after it posted 2020 operating profit in line with forecasts.

Pearson, providing a results and strategy update under its new chief executive, Andy Bird, said on Monday it would target opportunities to provide digital learning tools, a workforce skills gaps and demand for accreditation and certification.

It reported adjusted operating profit of 313 million pounds ($432 million), down from 581 million pounds in 2019, after the group was boosted by a demand for online learning but hit by the cancellation of exams.

“This year, as we recover from the impact of the pandemic, we are focused on delivering revenue and profit growth,” Bird said.

“Pearson’s strategy is now geared around three key demand-led global market opportunities which play to all our strengths: the rise in online and digital learning; addressing the workforce skills gap; and meeting the growing demand for dependable accreditation and certification.”

($1 = 0.7238 pounds)

(Reporting by Kate Holton, Editing by Paul Sandle and James Davey)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post