UK's Bloomsbury Publishing gains on upbeat FY25 outlook
24/10/2024 09:57
** Shares of Bloomsbury Publishing BLPU.L rise as much as
10.3% to 752p, their highest since Aug. 2; stock among top pct
gainers on FTSE 250 .FTMC index
** The publisher, best known for picking up J.K. Rowling's
Harry Potter series in 1997, says trading in FY25 will be ahead
of current expectations
** Co posted a 32% jump in H1 revenue, driven by the
blockbuster performance of Sarah J Maas's fantasy fiction titles
** Expects revenues of 319.3 mln pounds ($413.6 mln) and
pre-tax profit of 37.5 mln pounds for year ending Feb. 28, 2025
** Stock up 9% at 0853 GMT, taking YTD gains to ~58%
($1 = 0.7720 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))