Haynes Publishing Group has issued a profit warning, citing "soft" trade and tighter inventory controls from retailers. The car manuals publisher said its half year results, which will be posted at the end of January, will be "seriously impacted" by "key consumer retailers implementing working capital management programmes leading to tighter inventory controls" and it is likely to report only a small profit for the half-yearly period. The Bookseller understands the retailers in question are after-market automotive companies. Continue reading at 'The Bookseller'
[ The Bookseller | 2014-12-23 00:00:00 UTC ]
HarperCollins eked out only a small profit in its latest quarter, with a 14% increase in digital audiobook sales insufficient in offsetting softer sales to Walmart and Costco and slowing sales of romance books and children's books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-09 04:00:00 UTC ]
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The sale of Waterstones to hedge fund Elliott Advisors is likely to close at the end of this month, The Bookseller understands. Continue reading at The Bookseller
[ The Bookseller | 2018-04-10 00:00:00 UTC ]
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Pearson has reported a massive pre-tax loss for the year of £2.6bn, including a goodwill impairment, following the challenges it has been facing in the US education market. The company, which in January delivered its fifth profit warning in four years, also reported a sharp rise in debt to... Continue reading at The Bookseller
[ The Bookseller | 2017-02-25 00:00:00 UTC ]
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The FTSE 100 remains in positive territory despite a 30% plunge in Pearson shares after the education publisher issues a profit warning. Continue reading at BBC News
[ BBC News | 2017-01-18 00:00:00 UTC ]
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The European Commission has committed to reducing VAT rates on ebooks, in an Action Plan announced today; The Bookseller understands later detailed proposals will allow states to reduce VAT on ebooks to as low as 5%. Continue reading at The Bookseller
[ The Bookseller | 2016-04-08 00:00:00 UTC ]
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A European Commission ‘Action Plan’ on VAT will include plans to allow countries to lower the VAT on ebooks, The Bookseller understands. Continue reading at The Bookseller
[ The Bookseller | 2016-03-24 00:00:00 UTC ]
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Pearson is set to axe 500 jobs in the UK as part of its restructure this year, The Bookseller understands. Continue reading at The Bookseller
[ The Bookseller | 2016-01-22 00:00:00 UTC ]
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World’s biggest education publisher aims to make £350m in cost savings by the end of 2017Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its... Continue reading at The Guardian
[ The Guardian | 2016-01-21 00:00:00 UTC ]
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Waterstones is on course to make a small profit this year but it is “all to play for” over the next few weeks, the chain’s m.d James Daunt has said. Continue reading at The Bookseller
[ The Bookseller | 2015-11-24 00:00:00 UTC ]
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Haynes Publishing Group saw an 11% revenue drop for the 12 months to end May 2015 at £26.1m, down from £29.3m the year before. Adjusted EBITDA at the car manuals publisher was down 20% to £8.7m (£10.9m in the year to end May 2014) while operating profit fell 35.5% to to £3.1m (from... Continue reading at The Bookseller
[ The Bookseller | 2015-09-25 00:00:00 UTC ]
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Local newspaper publisher reports operating profits down 4.3% to £27m in first half to 3 July, but digital audience grows by more than 20%Johnston Press has said it has seen an improvement in trading since issuing a warning to investors that sent its shares tumbling last month, although ad... Continue reading at The Guardian
[ The Guardian | 2015-08-11 00:00:00 UTC ]
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Cambridge University Press is set to close its distribution company in Japan - United Publishers Services - and has put its staff into consultation. The publisher bought the 60-year-old Tokyo company, which distributes over 150 academic publishers in addition to CUP titles in 2007, and The... Continue reading at The Bookseller
[ The Bookseller | 2015-07-01 00:00:00 UTC ]
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Frank Chambers has left his role as managing director of independent publisher Carlton Publishing, just 18 months after being appointed to the role, The Bookseller understands. His departure comes shortly after that of Lisa Edwards, who was publisher of the adult division of Carlton for two... Continue reading at The Bookseller
[ The Bookseller | 2015-05-08 00:00:00 UTC ]
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All four members of staff at indie publisher Hesperus have resigned their roles at the company. The company exhibited at the London Book Fair, but staff were absent. The Bookseller understands all four employees of Hesperus Press, including head of publishing Nikki Griffiths, handed their... Continue reading at The Bookseller
[ The Bookseller | 2015-04-21 00:00:00 UTC ]
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Sales at The Folio Society fell by almost a quarter in the year to the end of August 2014, compared to the year before, results for the 12-month period show. However the company made a small profit, after losing nearly £3m the previous year. In accounts filed on Companies House this week, The... Continue reading at The Bookseller
[ The Bookseller | 2015-02-19 00:00:00 UTC ]
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The government has relaxed the prison book ban, but said inmates can only receive parcels from four named booksellers – Waterstones, Blackwell’s, Foyles or WH Smith. The prison book ban was relaxed from 31st January, The Bookseller understands, following a High Court ruling that the ban,... Continue reading at The Bookseller
[ The Bookseller | 2015-02-03 00:00:00 UTC ]
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Tesco will close its ebooks service blinkbox Books at the end of February after talks with Waterstones to buy the platform broke down. All 60 core staff who work on the blinkbox Books platform are now expected to enter a consultation period over their jobs and are likely to be made... Continue reading at The Bookseller
[ The Bookseller | 2015-01-27 00:00:00 UTC ]
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Waterstones is in exclusive talks to buy Blinkbox books, The Bookseller understands. Tesco is in exclusive talks with one buyer, thought to be Waterstones, with a deal expected to be finalised by the end of this week. The bookseller urgently needs a digital app-based proposition to rival... Continue reading at The Bookseller
[ The Bookseller | 2015-01-14 00:00:00 UTC ]
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Haynes Publishing Group has issued a profit warning, citing "soft" trade and tighter inventory controls from retailers. The car manuals publisher said its half year results, which will be posted at the end of January, will be "seriously impacted" by "key consumer retailers implementing working... Continue reading at The Bookseller
[ The Bookseller | 2014-12-23 00:00:00 UTC ]
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W H Smith (WHS) is increasing its focus on book distribution to its stores in a bid to make cost savings. The company’s book buyers have been working within its new “books operating model”, which involves more focused targeting of big titles to key stores, which will be a priority going... Continue reading at The Bookseller
[ The Bookseller | 2014-12-02 00:00:00 UTC ]
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