Pearson, the world’s learning company, is providing an update on full year 2018 trading and giving preliminary guidance for 2019. Full year results will be announced on 22 February 2019. Highlights: Underlying profit growth driven by continued strategic progress in 2018. Expect to deliver adjusted operating profit of £540m-£545m for 2018, in line with guidance of £520m to £560m. Adjusted earnings per share of 70.0p-71.0p reflecting one-off tax benefits and a lower finance charge as disclosed in Pearson’s Q3 trading update. Total underlying revenues were down 1% year on year, with declines in US Higher Education Courseware (US HECW) of 5% and US K12 courseware largely offset by the rest of the business growing in aggregate at over 1%. Revenue in North America declined 1%, Core was flat and Growth was up 1%. Strong balance sheet with closing net debt at 31 December 2018 expected to be around £200m (2017: £432m). Click read more below for additional detail.
Print firms involved with the production of time-sensitive products are warning customers that nationwide haulage issues are resulting in delayed deliveries and the potential for additional costs to meet tight deadlines.
Earlier this month the Road Haulage Association (RHA) sounded the alarm over a growing shortage of HGV drivers, and urged the government to help the industry recruit new talent. It said the current driver shortage “exceeds 60,000”.
The RHA wants HGV drivers to be added to the Home Office UK Shortage Occupation List.
Logistics UK, formerly the Freight Transport Association, also flagged that long-standing issues around driver shortages had been exacerbated by Brexit, which has resulted in an exodus of EU drivers.
Covid-19 restrictions also mean that nearly 30,000 HGV driving tests have been cancelled.
much more at source: https://www.printweek.com/news/article/print-buyers-warned-over-delivery-delays