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. Bloomsbury said it has also reached its Rights and Services income budget for the year.
Key book titles for the year included Paul Hollywood's How to Bake, Hugh Fearnley-Whittingstall's Three Good Things and J.K. Rowling's Hogwarts Library.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group's results for the year ended February 28th 2013 will be announced on May 21st 2013.
CJ
-
Nationwide: UK house prices creep up by 0.2% - are we heading for a rebound?Nationwide’s latest house price index shows property prices inched up by 0.2% as demand warms up - will this trend go into 2024?
-
December 2023 NS&I Premium Bond winners revealed - have you won the jackpot?
Two Premium Bond holders are now millionaires as NS&I reveals December winners. Find out if you’re one of them
