Bertelsmann SE plans to lift group profit to more than 1 billion euros ($1.4 billion) over two years as it seeks to fuel growth with investments in education and media content, Chief Executive Officer Thomas Rabe said.
Pearson Plc fell 5.9 percent after saying it wouldn’t emerge from a difficult transition period until 2015 after earnings plunged last year on weak demand in U.S. higher education and restructuring costs.
Bertelsmann SE, Europe’s largest media company, said it plans to spend as much as 3 billion euros ($3.9 billion) on acquisitions over the next three years as it seeks to grow and limit its reliance on Europe.
The head of Goldman Sachs Group Inc.’s operations in Germany and the country’s second-highest ranking bank regulator will testify at the trial of former managers of Sal. Oppenheim Jr. & Cie this month.