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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Q1 Profits Jumped at EDC

Profits for the first quarter ended May 31, 2021, rose 79% at Educational Development Corp. Sales increased 6.5%, to $40.8 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-08 04:00:00 UTC ]
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Bloomsbury profits jump as ‘joy of reading rediscovered’ in lockdown

Harry Potter publisher issues third profit upgrade of 2021 after sales increase to £185mCoronavirus – latest updatesSee all our coronavirus coverageLockdown reading has helped the Harry Potter publisher Bloomsbury to its third profit upgrade of the year after a 22% surge in annual pre-tax... Continue reading at The Guardian

[ The Guardian | 2021-06-02 08:20:05 UTC ]
More news stories like this | All news stories tagged with: #harry potter #bloomsbury #coronavirus pandemic #latest updatessee #sales increase #profit upgrade


Marie Claire owner reports record profits on back of Covid reading boom

Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian

[ The Guardian | 2021-05-19 12:15:47 UTC ]
More news stories like this | All news stories tagged with: #marie claire #group revenues #metal hammer #coronavirus coveragefuture #latest updatessee #full-year results #company continues


HarperCollins Profits Soared in Q1

Big gains in digital and backlist sales combined to drive up profits at HarperCollins by 45% in the quarter ended March 31, 2021, while sales rose 19%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
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PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report

'Globally, people turned to books' in 2020, Markus Dohle says, and Penguin Random House parent Bertelsmann reports on a strong year. The post PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-03-30 15:54:57 UTC ]
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Harry Potter publisher Bloomsbury issues another profit upgrade

But company says reading boom may end when Covid restrictions are liftedCoronavirus – latest updatesSee all our coronavirus coverageThe Harry Potter publisher Bloomsbury has issued its second profit upgrade of the year, lauding a lockdown reading boom, but the trend may not endure as coronavirus... Continue reading at The Guardian

[ The Guardian | 2021-03-24 12:22:49 UTC ]
More news stories like this | All news stories tagged with: #bloomsbury #harry potter #latest updatessee #covid restrictions #profit upgrade


Quarto sees 2020 revenue fall 7% but profits rose

The Quarto Group saw revenue fall 7% year on year in 2020 to $126.9m (£91.5m) although adjusted operating profit increased to $10.6m (£7.6m) in the same period. Continue reading at The Bookseller

[ The Bookseller | 2021-03-22 10:24:18 UTC ]
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Quarto Profits Rose in 2020 Despite Sales Decline

The decision to focus its 2020 list on books that could perform well online, in nontraditional outlets, and in digital formats led to a 6% increase in operating profits at Quarto last year, while revenue declined 7%, to $126.9 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-22 04:00:00 UTC ]
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Truth, profits and the purpose of journalism | Letters

Integrity is in short supply in many newsrooms, argues Michael Newman, while Eddie O’Brien says journalists must do more to reflect opposing views in their reports Clive Myrie nails down much of what is eating away at the heart of modern written journalism (What is journalism for? The short... Continue reading at The Guardian

[ The Guardian | 2021-03-16 17:09:27 UTC ]
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Ishiguro warns of 'online lynch mob' stifling young writers' creativity

Nobel Prize-winning author Sir Kazuo Ishiguro has revealed concerns that young writers are “self-censoring” to avoid an “anonymous lynch mob that turns up online and makes their lives a misery”.  Continue reading at The Bookseller

[ The Bookseller | 2021-03-01 15:01:44 UTC ]
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The New York Post Made a Profit. Really.

News Corp reported a decline in its overall revenue and a pretax profit of $497 million for the three months ending in December. Continue reading at The New York Times

[ The New York Times | 2021-02-04 23:45:40 UTC ]
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Warning signs from the Biden-Trump split screen

On Wednesday, President Joe Biden signed a suite of executive orders that transformed US climate-change policy. He mandated a pause on new oil and gas leases of federal land; instituted a major push to replace gas vehicles in the federal fleet with electric ones; directed agencies to eliminate... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-01-29 13:29:22 UTC ]
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Bloomsbury predicts annual profit 'well ahead' of market expectation

In a trading update, Bloomsbury has said it expects its annual revenue and profit to be "well ahead" of market expectations for the financial year ending 28th February 2021, although down on 2020's figures. Continue reading at The Bookseller

[ The Bookseller | 2021-01-29 02:27:52 UTC ]
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Pottermore sales and profits rise with 'strong' Harry Potter sales

Pottermore, the digital company for J K Rowling’s Wizarding World, saw revenues rise 3.2% and profits increase 23.2% in the 12 months to 31st March 2020. Continue reading at The Bookseller

[ The Bookseller | 2021-01-13 12:26:57 UTC ]
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Egmont UK saw 2019 revenue dip but posted profit ahead of HarperCollins sale

Egmont UK's 2019 revenue decreased 8.9% to £37.9m but the publisher had a £369,000 pre-tax profit in the financial year before the book business was bought by HarperCollins, new figures uploaded to Companies House show. Continue reading at The Bookseller

[ The Bookseller | 2021-01-08 08:40:13 UTC ]
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Library spending fell by £20m in 2019/20 amid warnings of further cuts

New figures show total spending on Great Britain's libraries fell by £20m in the last financial year, as Libraries Connected warned more budget reductions are on the way. Continue reading at The Bookseller

[ The Bookseller | 2020-12-04 10:12:19 UTC ]
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Walker saw turnover and operating profit rise in record 2019

Walker Books had a record year in 2019, with turnover increasing 7% and operating profit soaring 17%, newly released financial results show. Continue reading at The Bookseller

[ The Bookseller | 2020-11-22 21:28:03 UTC ]
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Shelley warns of 'tougher' 2021 in store for the trade

Hachette UK c.e.o. David Shelley has warned 2021 could be a "tougher" year for the industry than 2020, in an interview with The Bookseller's editor Philip Jones at FutureBook 2020.  Continue reading at The Bookseller

[ The Bookseller | 2020-11-16 14:38:48 UTC ]
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Daunt warns 'Today' programme of Christmas threat to indies

Waterstones m.d. James Daunt has reiterated his claims bookshops should be considered essential retailers and warned some indies will go out of business if they don't get vital Christmas trade. Continue reading at The Bookseller

[ The Bookseller | 2020-11-11 10:47:16 UTC ]
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Profits Jumped 45% at HarperCollins

A 20% increase in digital revenue and a 38% jump in direct-to-consumer sales over last year’s first quarter of fiscal 2021 helped to drive up profits by 45% and sales by 13% at HarperCollins. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-06 05:00:00 UTC ]
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