Profit warning from Haynes

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 ]
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National Book Awards: Isabel Allende warns of 'dark time'

The author spoke out at the National Book Awards against the rise of "nationalism and racism" in politics. Continue reading at BBC News

[ BBC News | 2018-11-15 00:00:00 UTC ]
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HC Profits Soared 42% in Q1 of Fiscal 2019

Strong backlist sales, in addition to a 55% jump in sales of digital audiobooks, led to a 42% increase in earnings at HarperCollins in the quarter ended September 30, 2018, over the comparable period a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-08 00:00:00 UTC ]
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Universal Credit threatens to drive working-class writers from profession, warns SoA

The Society of Authors has warned MPs that Universal Credit could silence working-class writers, impeding diversity in publishing and making it harder to attract different types of reader. Continue reading at The Bookseller

[ The Bookseller | 2018-11-01 00:00:00 UTC ]
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Budget leaves schools struggling to buy books, warn librarians

School librarians have reacted with dismay to the Budget news that schools are to receive a one-off payment of £400m, telling The Bookseller that schools will continue to struggle to buy books for their pupils. Continue reading at The Bookseller

[ The Bookseller | 2018-11-01 00:00:00 UTC ]
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Mirjana Pović and Hungarian non-profit win inaugural Nature Research Awards

Astrophysicist Mirjana Pović and the Association of Hungarian Women in Science have won the first ever Nature Research Awards, for Inspiring Science and for Innovating Science respectively. Continue reading at The Bookseller

[ The Bookseller | 2018-10-31 00:00:00 UTC ]
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Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
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JK Rowling's Harry Potter fuels Bloomsbury profit rise

Anthony Bourdain’s Kitchen Confidential also helps boost publisher’s profits by 13% A surge in sales of Anthony Bourdain’s Kitchen Confidential and growing demand for the perennial favourite Harry Potter has helped to fuel a rise in first-half profits and revenue for the book publisher... Continue reading at The Guardian

[ The Guardian | 2018-10-23 00:00:00 UTC ]
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EDC Q2 Profits Jump on Small Sales Gain

Educational Development Corp.’s rapid revenue growth stalled in the second quarter ended August 31, 2018, but the company still posted earnings growth of nearly 44%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-16 00:00:00 UTC ]
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Facebook purged over 800 accounts and pages pushing political messages for profit

Facebook said Thursday that it has purged more than 800 U.S publishers and accounts for flooding users with politically oriented content that violated the company's spam policies, a move that could reignite accusations of political censorship. The accounts and pages, with names like Reasonable... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-10-12 00:00:00 UTC ]
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SoA and IWU warn of dangers of no-deal Brexit

The Society of Authors (SoA) and the Irish Writers Union (IWU) have warned about the dangers of a no-deal Brexit. The joint statement pays tribute to the “close literary relationship” between the UK and Ireland but suggests that the “unique and thriving relationship is now under threat as a... Continue reading at The Bookseller

[ The Bookseller | 2018-09-27 00:00:00 UTC ]
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Digital drives revenue up 13% at Haynes

Group revenue at car manual publisher Haynes was up 13% for the year to 31st May 2018, driven by a 42% growth in its digital products. Continue reading at The Bookseller

[ The Bookseller | 2018-09-06 00:00:00 UTC ]
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Poland’s Online Bookseller Merlin.pl Acquires Profit M, Expanding Its Footprint in the Market

Talking, among other things, of developing an loyalty program for consumers based in blockchain tokens, a spokesman for Poland's Merlin.pl talks about its latest move to gain dominance in the market. The post Poland’s Online Bookseller Merlin.pl Acquires Profit M, Expanding Its Footprint in the... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-09-05 00:00:00 UTC ]
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Digital Trends, a rare profitable and growing independent publisher, looks to expand

The independent tech review site has made big hires from Facebook and Wirecutter to grow its presence in live video, commerce and events. The post Digital Trends, a rare profitable and growing independent publisher, looks to expand appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-09-04 00:00:00 UTC ]
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Turkish Agent Issues Warning, Requests Patience

With the Turkish economy collapsing, Nermin Mollagoglu of Istanbul's Kalem Agency discusses the impact on the publishing industry, noting a reduction in rights deals and delayed payments. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-16 00:00:00 UTC ]
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New Warnings from Lithuania of Competition to Books: ‘Reading Is Being Replaced’

'The main barriers to reading books in Lithuania are the lack of time and the lack of interest.' In a handsomely forthright assessment, the Lithuanian Publishers Association looks at its challenges. The post New Warnings from Lithuania of Competition to Books: ‘Reading Is Being Replaced’... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-13 00:00:00 UTC ]
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S&S sees second quarter profit and revenue rises

Simon & Schuster's revenue and operating income rose in the second quarter, helped by lower production costs. Continue reading at The Bookseller

[ The Bookseller | 2018-08-07 00:00:00 UTC ]
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Further sales and profit lifts at CUP

Cambridge University Press saw turnover of £316m in the year to 30th April 2018, a headline rise of 3.1% on the previous year's total of £306m. Continue reading at The Bookseller

[ The Bookseller | 2018-08-01 00:00:00 UTC ]
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'Dire statistics' show YA fiction is becoming less diverse, warns report

Study finds that fewer books for young adults by black and minority ethnic authors have been published in the UK since 2010, despite rise in diversity initiativesDespite a raft of diversity initiatives, the percentage of young adult books written by black and minority ethnic (BME) authors has... Continue reading at The Guardian

[ The Guardian | 2018-07-27 00:00:00 UTC ]
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Amazon Profits Soar

For the quarter ended June 30, 2018, operating income at Amazon increased to $3.0 billion, compared with operating income of $628 million in the second quarter of 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-26 00:00:00 UTC ]
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More California kids are having pot-related health scares, poison control officials warn

One person suggested Amazon bookstores should replace public libraries. Readers disagreed. Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-07-24 00:00:00 UTC ]
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