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Pearson reports fall in pre-tax profits

Marketing Week

Pearson, the publishing and education company, has reported a six per cent fall in pre-tax profits to £386m. Its Penguin division suffered distribution problems but the Financial Times narrowed its losses to £9m and is predicted to break even this year.

Cahoot marketing chief quits as Abbey cuts team

Marketing Week

Cahoot marketing supremo Deborah Cutler is leaving the business in June as parent Abbey starts to restructure the online bank. The departure of the marketing director coincides with 13 redundancies at the bank, as Abbey prepares to reduce its workforce by 3,000 – a target agreed with the bank’s new owner, Banco Santander Central Hispano. […]

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