Christmas key for Bloomsbury

15th Oct 2009 08:27

Harry Potter publisher Bloomsbury said trading overall is in line with management expectations, although full year results are still dependent on demand levels between now and the end of the year. In the publisher's update from 1 July 2009 to date, it said whilst it continues to focus on managing its cost base, Bloomsbury nevertheless have a strong balance sheet. Bloomsbury's cash position at the end of September 2009 was £32.3m."As we approach the Christmas period, the Trade Publishing Division has now moved into the busiest time of the year. With major authors such as John Irving, Margaret Atwood, William Boyd, Heston Blumenthal all being published in the autumn," the group said.Bloomsbury added the integration of law and tax specialist Tottel and Hodder's Higher Education textbook lists are progressing well.