Thursday tips round-up: Bloomsbury, FirstGroup, HICL
24th May 2012 06:50
In the Telegraph, Questor wonders whether the publishers of the Harry Potter books, Bloomsbury, still has the magic touch. If it does, it will need to 'get with the programme' on digital platforms - so a 159 per cent increase in ebook sales last year is welcome news. Other impressive stats include
Read moreE-book surge bolsters Bloomsbury profit
22nd May 2012 08:13
The boom in electronic books helped book publisher Bloomsbury report a sharp increase in full year pre-tax profit as it said strong titles in the UK and US gives it confidence for the year ahead. The Harry Potter series publisher said £8.5m for the year ended 29 February 2012 £5.5m before. Operatin
Read moreTuesday preview: Vodafone, Marks and Spencer, UK inflation
21st May 2012 15:52
Footsie stalwarts Vodafone and Marks and Spencer will both be vying for attention early doors on Tuesday. Full year results from Vodafone should see the group's pre-tax profit break through the £10bn barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up
Read moreBloomsbury hopes to read profits in India
14th Feb 2012 10:10
Bloomsbury Publishing is to turn a new page in India, with the formation of a wholly owned subsidiary in the subcontinent. The new business will be headed up by Rajiv Beri, who has been Managing Director of Macmillan's Indian operations for over 15 years. This is an evolution rather than revolutio
Read moreEbook boom at Bloomsbury
16th Jan 2012 09:06
Harry Potter publisher Bloomsbury is coping with life after the finish of the wildly successful teen-aged wizard series, with demand for its electronic books (ebooks) growing especially fast. Ebook sales grew significantly in the final quarter of 2011, and were up 38% year-on-year. The group noted
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
Read moreebook sales soar at Bloomsbury
27th Oct 2011 07:11
Harry Potter publisher Bloomsbury reported a strong set of results for the first half of the year, after a star performance from ebooks. The mid cap publisher reported phenomenal ebook sales growth, up 564% to £2.5m. ebook sales represent 5.5% of total group sales. "2011 remains the year of the e
Read moreThursday preview: Shell, Astra, Bloomsbury
26th Oct 2011 15:49
Results from Royal Dutch Shell will, as usual, be compared to those from BP. Charles Stanley's Tony Shepard thinks the comparison will be favourable. "Shell could report a 29% rise in Q3 [third quarter] earnings to $6.3bn which, on the face of it, will be more positive than other groups such as BP
Read moreBloomsbury signs Wisden India deal
10th Oct 2011 08:26
Book publisher Bloomsbury has signed a long term licensing deal with sports and entertainment management firm FidelisWorld for the rights to Wisden India. Rights will also extend to Pakistan, Bangladesh, Sri Lanka, Nepal, the Middle East and North America. "India represents the fastest growing
Read moreLondon midday: Mining rally keeps FTSE 100 higher
11th Aug 2011 12:12
Stocks came firmly off their earlier highs, with worries over the French banking system continuing to cause jitters, but a strong performance from the mining sector helps to keep the FTSE 100 in the blue. Miners are rallying strongly, led higher by Kazakh copper miner Kazakhmys, but French banking
Read moreLondon open: Lloyds and RBS miss out on rally
11th Aug 2011 08:37
London has ignored last night's shake-out on Wall Street and is approaching triple-digit gains, though banks are left in the cold amid continuing Eurozone worries. US benchmark indices each tumbled more than 4% overnight, on fears over the health of the US economy and also the future of France's AA
Read moreLondon pre-open: No Wall St. hangover
11th Aug 2011 07:31
London looks set to ignore last night's shake-out on Wall Street and head higher at the outset, with City traders predicting the Footsie will open with a triple digit gain. US benchmark indices each tumbled more than 4% overnight, on fears over the health of the US economy and also the future of Fr
Read moreLast Harry Potter film boosts publisher Bloomsbury
11th Aug 2011 07:11
Harry Potter publisher Bloomsbury said sales picked up from soft trading earlier in the year in July and August, with many bookworms opting to download their summer reading rather than opting for paper copies. The release of the final Harry Potter film has stoked demand for all seven books about th
Read moreSector movers: BSkyB drags media sector lower
11th Jul 2011 15:17
British Sky Broadcasting (BSkyB) was dragging the media sector down on Monday, after the satellite broadcaster saw its share price take a further hit as uncertainty over the News Corp takeover raged on. Shares lost 47p (6.27%) in the afternoon to trade at 703p, close to the indicative offer price
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