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Developed markets remain challenging for Pearson’s education businesses; £0.5bn available for bolt-on acquisitions.
Apr 30, 2013
Education market conditions remained generally weak in developed markets and stronger in emerging markets, according to Pearson’s latest interim management statement for the first three months of FY12. In North America, Pearson reports that in the first quarter the company benefited from later second semester purchasing in HE and good growth in digital but K12 markets remained weak due to ongoing uncertainty around funding and the timing of curriculum change.
Hodder Education acquires Galore Park
Apr 30, 2013
Hodder Education has acquired Galore Park Publishing, the Kent-based publisher of textbooks, revision guides and past papers for the Common Entrance market.
Net assets up at Inclusive Learning
Apr 30, 2013
Inclusive Learning, the company set up in 2010 by Bryan De’Ath to acquired the Skill Boosters assets from the administrators of BDP Media, has reported an increase in net assets to £67k (2011: £29k) for the year ended 31 July 2012, according to accounts filed recently at Companies House.
Oddizzi - not yet in profit
Apr 30, 2013
Little Travel Bug, the company behind Oddizzi – the interactive geography resource for primary schools – has reported a post-tax loss of £113k (2011: £107k) for the year ended 31 December 2012, according to abbreviated accounts filed recently at Companies House.
Small fall in net assets at LCP
Apr 30, 2013
Language Centre Publications (LCP), the privately-owned education publishing company, has reported a small fall in net assets to £159k (2011: £196k) for the year ended 31 July 2012 according to abbreviated accounts filed recently at Companies House.
EUP expects growth in FY13
Apr 30, 2013
Edinburgh University Press (EUP) has reported a net income of £226k (2011: £344k) for the year ended 31 July 2012 on revenue of £2.4m (2011: £2.4m), according to accounts filed recently at Companies House.
Ron Dunn relinquishes executive role at Cengage
Apr 30, 2013
Ron Dunn has relinquished his role as Executive Chairman of Cengage Learning, the indebted private equity-owned education and information publisher, and has assumed the role of Chairman of the Board of Directors of the company.
A strong year for Hotcourses
Apr 30, 2013
Hotcourses, the privately owned publisher of online educational guides and provider of school related information, has reported an operating profit of £1.9m (2011: £2.1m – twelve months) for the seven month period ended 31 July 2012, according to accounts filed recently at Companies House.
Electric Word expects new online information service for schools to be profitable in FY14
Apr 30, 2013
Electric Word (EW), the AIM-listed specialist information business, expects its new Optimus Education online information service for schools to be profitable in FY14 and to be the most important driver of margins and profit growth at Optimus Education over the medium term.
Good start to the year by Informa’s academic information division
Apr 30, 2013
Informa’s Academic Information division has delivered organic growth of 2.6% for the three months ended 31 March 2013, according to the company’s latest interim management statement.
Bertelsmann aims to create €1bn education business
Apr 1, 2013
Bertelsmann aims to create a €1bn education business, according to the company’s Chairman and CEO, Thomas Rabe.
Cengage Learning borrows $430m for working capital
Apr 1, 2013
Cengage Learning, the indebted private equity-owned education and information publisher, last month borrowed $430m to ensure the business has sufficient liquidity to fund its working capital needs.
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