Bloomsbury cautious about trading
11th Jul 2011 08:06
Publisher Bloomsbury said it remains cautious about current trading amid difficult retail conditions. The group also announced it has bought academic and professional publisher Continuum International Publishing for £20.1m as it beefs up its academic and professional division. Commenting on the a
Read moreWednesday tips round-up: Bloomsbury, Harvey Nash, Avingtrans...
1st Jun 2011 06:31
The headline figures in Bloomsbury's results at the end of last week were far from inspiring. But the real highlight of the update was the news that sales of electronic books had rocketed. Of course, the rise of e-books does present challenges for publishers. The most obvious will be the need for co
Read moreBloomsbury e-book sales steal the show
27th May 2011 07:24
Book publisher Bloomsbury said demand for electronic readers outpaced progress among traditional books. Sales of e-books increased to £1.5m in 2010 from £0.08m in 2009 in what chief executive Nigel Newton hailed as the 'changing the face of the publishing industry.' E-sales in January to March 2011
Read moreSunday tips round-up: Bloomsbury Publishing, Reckitt
24th Apr 2011 15:21
The archives have an extensive back catalogue of historical documents and photographs. These relate to events such as the Titantic disaster and the Magna Carta, and Bloomsbury will publish new print books, ebooks and iPad apps using material from the archive. Bloomsbury shares were recommended beca
Read moreTuesday tips round-up: HSBC, Senior, Bloomsbury...
1st Mar 2011 06:43
HSBC looks like a good hold with a high dividend yield of 3.9% and a forecast price earnings multiple for 2011 of 11.2. It is true that Asia offers fantastic earnings opportunities, but there are cheaper ways to gain that exposure and with European recovery priced so cheaply at the moment - Lloyds
Read moreBloomsbury revenue rises 4%
28th Feb 2011 08:14
Publisher Bloomsbury reported a decline in annual pre-tax profit, despite rising sales, as it declared a second interim dividend. The Harry Potter publisher said unadjusted pre-tax profit fell to £5.5m for the twelve months ended 31 December 2010 from £7.1m the year before after costs related to a
Read moreBloomsbury in line for FY
13th Jan 2011 07:40
Bloomsbury, publisher of the top selling The Finkler Question and the seven Harry Potter books, said that 2010 trading was in line with management expectations. "2010 book sales were excellent, driven by revenues from a broad range of titles across our UK, US and German businesses," said Bloomsbury
Read moreSunday tips round-up: B&B, Northern Rock psbs, Bloomsbury...
28th Nov 2010 11:30
Bradford & Bingley and Northern Rock bondholders this weekend have to contemplate whether or not to accept a derisory offer for perpetual subordinated bonds they bought in the two banks many years ago, when they were small but flourishing building societies. Investors who feel they need cash now ma
Read moreBloomsbury lifted by Booker win
15th Oct 2010 07:32
Book publisher Bloomsbury is being buoyed by good sales of recent Booker Prize winner The Finkler Question by Howard Jacobson and Eat, Pray, Love, by Elizabeth Gilbert, which is now a film. "Overall, business is performing well for the group. The outcome for the year is still dependent on the level
Read moreBloomsbury Publishing Buys Back 12,500 Shares At 113.5P
11th Jun 2010 16:57
LONDON (Dow Jones)--Bloomsbury Publishing PLC (BMY.LN) said Friday it has purchased for cancellation 12,500 ordinary shares at an average price of 113.5 pence. MAIN FACTS: -Shares closed Friday at 114.75 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbingt
Read moreLondon midday: Decent morning for Footsie
18th May 2010 12:10
Footsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreBloomsbury reports 'excellent' UK trading
18th May 2010 09:15
Book publisher Bloomsbury said trading has been 'excellent' in the UK in the first quarter. Bestsellers so far have included the 2010 edition of Wisden Cricketers' Almanack. Operation Mincemeat, a Second World War spy story by the Times columnist Ben MacIntyre, was a number one bestseller in Januar
Read moreWednesday tips round-up: Kazakhmys, Domino's Pizza, Bloomsbury
31st Mar 2010 06:40
The biggest drawback at copper miner Kazakhmys for now is that the recent recovery in copper prices ? to which Kazakhmys's fortunes are strongly geared ? means that its near-sevenfold share-price rally since the start of last year could run out of steam. At £15.44, or eight times 2010 earnings, an
Read moreLondon midday: Equities mark time
30th Mar 2010 12:01
Footsie finished the morning little changed despite a strong showing from the mining sector. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover the majority of B
Read moreBloomsbury FY profit drops, ups divi
30th Mar 2010 08:26
Book publisher Bloomsbury posted a drop in annual pre-tax profit but raised its dividend and said trading in 2010 had been excellent, helped by bestsellers such as Ben McIntyre's Operation Mincemeat. Pre-tax profit fell to £7.1m for the year ended 31 December 2009 compared to £11.6m the year befor
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