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Share Price: 626.00

Bid: 622.00

Ask: 628.00

Change: 4.00 (0.64%)

Spread: 6.00 (0.965%)

Open: 630.00

High: 638.00

Low: 624.00

Prev. Close: 622.00

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Bloomsbury Publishing lifts operating profit

Wed, 16th Jan 2013 08:22

London based publishing house Bloomsbury Publishing said operating profit from title sales rose year-on-year during the four months ended December 31st 2012, despite a two per cent fall in title sales. Operating profit was boosted by lower relative costs, a lower returns rate and as online sales increased, the publisher explained. Key title sales during the period came from Paul Hollywood's How to Bake, Hugh Fearnley-Whittingstall's Three Good Things and J.K.Rowling's Hogwarts Library. E-book sales powered ahead year on year, up 58% in the four-month period, with particularly strong growth in the UK.Bloomsbury said the recent expansion of its Information division has contributed to an increasing pipeline of Rights & Services contracts. Budgeted income includes £2.7m from contracts scheduled to complete between now and the year-end. "We will begin to have visibility of post-Christmas returns and the important post-Christmas e-book sales over the next six weeks," the group said."The results for our 2012/13 financial year will be dependent on these and the completion of several contracts under negotiation." The group had net cash of £7.7m at the end of December compared to £10.6m at the end of August 2012. Nigel Newton, Chief Executive of Bloomsbury added: "We are making good progress on many fronts during the transition of the market towards more digital sales. E-book sales are showing strong momentum and we are greatly encouraged by the potential of our online Knowledge Hubs where we have some large deals in progress." "Bloomsbury is a robust business, well adapted to the challenges of changing publishing trends and the increasing prominence of the digital market place. Our business is underpinned by an extremely strong author list and we are entering the new financial year with new books by Elizabeth Gilbert, author of Eat, Pray, Love and Khaled Hosseini, author of The Kite Runner and A Thousand Splendid Suns, two of the world's best selling authors."CJ

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16 Jan 2014 09:36

Bloomsbury Publishing Revenue Up As Print And Digital Grow

LONDON (Alliance News) - Bloomsbury Publishing PLC said Thursday that it had seen good trading in the four months ended December 31, 2013, as it saw strong growth in print and e-book sales, although its Rights & Services division declined. During the period Bloomsbury saw revenue growth of

24 Oct 2013 13:55

Bloomsbury first half profits up thanks to string of bestsellers

Harry Potter publisher Bloomsbury Publishing reported first half profits rose 33 per cent to 1.1m pounds, helped by a string of best sellers including And the Mountains Echoed by Khaled Hosseini and The Bone Season by Samantha Shannon. The publishing house said the proportion of e-books sales compa

24 Oct 2013 09:24

BROKER RATING CHANGES: Four Brokers Raise Home Retail Price Target

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Bloomsbury Publishing Increases Pretax Profits, Revenues Boosted By New Book Programme

3 Sep 2013 11:13

Tuesday broker round-up

ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta

11 Jul 2013 11:27

Bloomsbury Publishing ramps up quarterly revenue

Bloomsbury Publishing said it is trading in line with management expectations as it reported a sharp increase in quarterly revenue. The Harry Potter book publisher said revenues were up by 19% in the three months ended May 31st 2013 year on year after growth across the group. The Adult division

21 May 2013 08:43

Bloomsbury lifts dividend after e-book success

Shares of publishing house Bloomsbury Publishing went through the roof as investors cheered its dividend hike following a surge in e-book sales. The London based firm said continuing pre-tax profit rose 16% to £9.8m for the year ended February 28th 2013 as turnover increased 1% to £98.5m. These fi

21 Mar 2013 08:23

Bloomsbury Publishing on track for full year

Shares of publishing house Bloomsbury Publishing powered ahead as investors cheered confirmation that it expects full year results to be in line with expectations. The London based group, which has seen a boom in electronic books, said post-Christmas digital sales and print returns were on budget.

17 Jan 2013 06:58

Thursday tips round-up: Jupiter Fund Management, Experian, Bloomsbury

Asset managers such as Jupiter Fund Management are not a bad proxy for investing in equities markets, if you believe the more optimistic projections for this year. Jupiter beat market forecasts for the amount of assets under management in the final quarter of last year as retail investors in Britain