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Bloomsbury Publishing profit upgrade on lockdown book surge

Bloomsbury Publishing profit upgrade on lockdown book surge
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Bloomsbury Publishing lifts profit outlook as lockdowns spur reading activity

A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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Bloomsbury Publishing lifts profit outlook as lockdowns spur reading activity | 29 January 2021

29 January 2021 | 08:10am
StockMarketWire.com - Publishing company Bloomsbury Publishing lifted its annual profit and revenue expectations thanks to strong performance in its consumer division amid a surge in reading during the Covid-19 lockdowns.
For the 12 months ending 28 February 2021, revenue was expected to be ahead and profit before tax and highlighted items well ahead of market expectations of £161.8 million and £12.1 million, respectively, the company said.
This follows continued strong trading in the consumer division, for both adult and children s publishing, the company said.
Standout bestsellers in the second half to date include the new titles Eat Better Forever by Hugh Fearnley-Whittingstall, Outlawed, Joe Biden - American Dreamer and Humankind, as well as strong backlist sales of Harry Potter, Sarah J. Maas, Why I m No Longer Talking to White People About Race, Such A Fun Age and Dishoom, it added. ....

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Bloomsbury issues profits upgrade as consumers turn to books during lockdown

Submitting.
Bosses said its consumer division continues to perform well, with standout bestsellers including Eat Better Forever by Hugh Fearnley-Whittingstall, Outlawed, Joe Biden – American Dreamer and Humankind.
Bloomsbury added it has seen strong sales of older titles including Harry Potter, Sarah J Maas, Why I’m No Longer Talking to White People About Race, Such A Fun Age and Dishoom.
The surge in reading amid lockdown and social distancing restrictions has led to the volume of print books sold in the UK during 2020 growing by 5.2% compared with 2019, according to Nielsen.
At its academic and professional division, the company added it “continues to make good progress” on its plans to develop digital resources to benefit from demand from academic institutions during lockdown. ....

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Bullish outlook for Scottish property market

Agent
Colliers International has declared there is “genuine optimism” in the market in light of the vaccine roll-out and a Brexit deal being struck.
The assessment comes as figures show the value of investment in commercial property plunged to £1.3 billion in 2020 from £2.1bn the year before, amid the fallout from the coronavirus pandemic.
Elliot Cassels, director for national capital markets at Colliers in Edinburgh, said: There is genuine optimism in the Scottish investment market, in anticipation of restrictions being lifted. A Brexit trade deal that looked very unlikely has been struck, which will calm nervous investors. And with mass vaccinations being rolled out across the UK there is finally light at the end of the Covid tunnel.” ....

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