Hints and tips:
...Gideon RachmanSo to conclude, there seemed also to be a certain small-c conservatism in Australia, because this is, you know, famously the lucky country....
...More than 73 per cent of grades were a 4 and above, equivalent to a C or more in the old system, compared with 67 per cent in 2019 and 77 per cent last year....
...Rather than fully absorbing their anatomy courses, medical students just need to master their keyboards’ CTRL-C and CTRL-V functions....
...Aside from its own lawsuit, Pearson is moving into Chegg’s ground through a digital push, offering more interactive online textbooks and study tools....
...Allison Pearson, Nigel Farage and Alan Sugar graced launch night....
...Over the last two years, Moneysupermarket has rightly outperformed its smaller peer by c.50%. However, during lock-down, the share price performance of both companies has been in line....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...The proportion of top marks, A* and A, increased 13 percentage points, from 25.2 in 2019 to 38.1 in 2020 while the proportion of grade C and above rose to 87.5 per cent from 75.5 per cent....
...For 2021 the group expects c.3% growth and a lower margin range of 18.5-19.0% (vs 19.9% at 1H19) suggesting an EBIT range around c.£440-465mn, vs latest cons at £470mn....
...Supported by our expectation that rising US unemployment will give Pearson’s US Higher Education business a strong tailwind, we upgrade our rating to Buy from Hold....
...Pearson anticipates a c£30m per month EBITA impact pre cost saves in Assessment plus a potential c£30m EBITA hit in US Student Assessment....
...Pearson continues to Pearson....
...This C-grade performance reinforces the sceptics’ view that Pearson is not on top of changes in its key market....
...“The position has still not been totally clarified,” said Gavin Pearson, a forensic accounting specialist at Quantuma....
...Gavin Pearson, a forensic accounting specialist at Quantuma, said the adjustments pointed to “historic weaknesses” in M&C Saatchi’s accounting but added “there would not appear to be any allegations of fraud...
...EBITDA of c. 5% and for FY21 we expect number to come down by c. 7-8% and c. 8-9% for EPS....
...Elsewhere among the Fleet Street fantasy M&A, the Daily Mail’s market report tips Pearson as a breakup target. We kicked around that idea ourselves over the weekend....
...Bigger by market cap than IAG, Pennon, Barratt, Whitbread, ITV and Pearson....
...And check out a potato plant brought back from abroad by a C. Darwin....
...We forecast -2% in FY'20e (vs. target 'positive', consensus +2%), driving c£80m FCF (target >£200m); FY'19e results on 5-Mar should offer a check on these expectations....
...Bloomberg says the consensus estimate for FY19 operating profit was c£612m — suggesting today’s outlook is no worse than feared....
...Toronto Pearson airport is a two-and-a-half hour car journey. What A six-bedroom log house on a lakeside estate, with a media room, games room, bar and outdoor kitchen....
...Pearson, takes US and British inflation back to the American Revolution, showing routine spikes surrounding major wars....
...” ● In brief: Investec cuts CYBG to “sell”; Victrex downgraded to “hold” at Berenberg; C & C Group upgraded to “hold” at Goodbody; Barclays starts coverage of Dairy Crest with “equal-weight”; Citigroup...
...Ten minutes, plus C$7 later, I was legal to spend 100 minutes in Toronto Pearson International airport. Later, I thought it might be entertaining to test the bot’s programming....
International Edition