Harry Potter publisher Bloomsbury Publishing on track to meet full year guidance
Peel Hunt expects “superior returns" from the firm’s investment in digital capacity
Company
LON:BMY
Bloomsbury Publishing PLC is a leading independent publishing house, established in 1986, with authors who have won the Nobel, Pulitzer and Booker Prizes, and is the originating publisher and custodian of the Harry Potter series. The company has offices in London, New York, New Delhi, Oxford and Sydney.
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Peel Hunt expects “superior returns" from the firm’s investment in digital capacity
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The company has four divisions: Bloomsbury Academic and Professional; Bloomsbury Content Services; Bloomsbury Adult Publishing and Bloomsbury Children's Publishing
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The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
The broker said the publisher’s current strategy, which focuses on the acceleration fo digital capacity in academic and professional publishing, had constrained near-term profit/loss progression but should build the opportunity for “superio
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Bloomsbury has entered into partnerships with companies, both of which are "known for producing content of exceptional quality"
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The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
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Last year's Harry Potter 20th anniversary generated one of the highest levels of revenue since the initial publications, so a 5% increase in revenues by the Children's division this time around was a decent result
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"We will be seeing for the first time the information that helped make the decisions of our leaders in Whitehall and of the commanders on the bridge, in the field, under the sea and in the air over the last hundred years and even earlier,"