- Full year results ahead of expectations - Reading trend persists - Recent acquisitions help drive growth Shares in Bloomsbury Publishing (BMY) jumped 5% to 399.5p following the announcement of full year results ahead of expectations. The shares have risen 19.2% over the last six months. Sales increased by 24% to £230 million, which was marginally ahead of forecasts. Pre-tax profit ...

Sanford DeLand’s CFP SDL UK Buffettology (BF0LDZ3) and CFP SDL Free Spirit (BYYQC27) funds have forged top-notch long-term performance records since respective launches in 2011 and 2017 thanks to the unwavering pursuit of ‘Business Perspective Investing’, a quality-focused approach championed by ‘Sage of Omaha’ Warren Buffett and Charlie Munger. Unusually ...

In light of the implications of the unfolding tragedy in Ukraine, the global growth outlook has dimmed, which means now more than ever, portfolios should be as diversified by asset class as possible to in order to maximise returns relative to risk. Higher risk assets they may be, yet ‘micro caps’, the London stock market’s smallest quoted companies should form at least a portion of ...

Bloomsbury Publishing (BMY) 403.2p Gain to date: 42.5% Original entry point: Buy at 283p, 4 February 2021 Our faith in Bloomsbury Publishing (BMY) continues to be rewarded with another encouraging trading update (30 Mar). The company guided for revenue to be ‘comfortably ahead’ and profit ‘materially ahead’ of consensus expectations for the 12 months to 28 February. A ...

Shares in Bloomsbury Publishing (BMY) have jumped 10% to 403p following the announcement of a positive trading update. Revenue is expected to be comfortably ahead, and profit materially ahead of consensus expectations. Earnings expectations have already been raised once this year, following a positive trading update from the group in late January. SARAH J MAAS SUCCESS The pandemic ...

Bloomsbury Publishing (BMY) 390p Original entry point: Buy at 283p 4 February 2021. Gain to date: 37.8% The late January trading update from book publisher Bloomsbury (BMY) revealed that profits for the year to 28 February would be materially ahead of market expectations. This prompted a series of earnings upgrades and we think investors should play the momentum in the ...

Shares in publishing house Bloomsbury (BMY) rallied by 4.8% to 369p following stronger than expected first half results. The figures represent the group’s highest ever sales and profits recorded for the first half. Revenues grew by 29% year-on-year to £12.9 million while profit rose by 225% to £12.9 million. Looking forward Bloomsbury is confident of achieving market expectations for the ...

A key theme in the UK market in 2021 has been a spate of takeovers, mergers and strategic deals involving British businesses as buyers, often from overseas, have been attracted by lowly valuations relative to other international equities. By the reckoning of stockbroker Peel Hunt, nearly £25 billion worth of bids for more than 20 companies have been pitched in the last six months and ...

Bloomsbury (BMY) 350p Gain to date: 23.3% Original entry point: Buy at 283.84p, 4 February 2021 When we added publishing group Bloomsbury (BMY) to our Great Ideas list in February the company had already enjoyed a strong share price run. Our view that the lockdown-inspired boom in reading would continue has been borne out. Results for the 12 months to February 2021 were ahead of ...

London’s FTSE 100 finished Wednesday’s trading session 0.4% higher at 7,108 points as inflation worries eased and the blue chip benchmark was boosted by a decent start on Wall Street, with the S&P 500 up 0.3% to 4,216.2 by 4.30pm UK time. As in the US, the absence of earnings from big-name companies left the FTSE 100 lacking a bit of inspiration, with the index outshone by the FTSE ...

London’s FTSE 100 had retreated modestly from its morning highs by lunchtime as housebuilders slipped back on mixed mortgage data. By 12.20, the blue chip benchmark was 0.2% higher at 7,092.37 points, while the more domestically-focused FTSE 250 was 0.1% easier at 22,854.5. BLOOMSBURY REPORTS RECORD YEAR Publisher Bloomsbury (BMY) jumped 8.7% to 336p after it reported a record financial ...

Shares in Harry Potter publisher Bloomsbury (BMY) jumped 6.5% to 329p after it posted forecast-beating full-year results as reading enjoyed a renaissance during pandemic lockdowns. One of Shares’ recent Great Ideas selections, Bloomsbury also noted a strong start to the new financial year to February 2022 and expects revenue will be ‘ahead’ and profit ‘comfortably ahead’ of market ...

UK stocks continued their momentum on Wednesday with more solid gains as investors remained upbeat on the global economic recovery. Defying expectations of a flat opening, the UK’s benchmark FTSE 100 index moved 0.56% higher to 7,120 while the midcap FTSE 250 index, currently sitting at all-time highs, gained 0.33% to 22,951. It comes after a flat session overnight on Wall Street, where ...

Bloomsbury Publishing (BMY) 298p Gain to date: 5% Original entry point: Buy at 283.84p, 4 February 2021 Our positive call on publishing group Bloomsbury (BMY) is off to a solid start thanks to a bullish trading update on 24 March. The company said it expected annual revenue and profit to be ‘significantly ahead’ of upgraded market expectations on exceptional sales performance in ...

A rebound in oil prices after a container ship blocked the Suez Canal helped the FTSE 100 finish in positive territory on Wednesday following a jittery start. By the close, the blue chip benchmark was 0.2% higher at 6,712.89 with oil majors Royal Dutch Shell (RDSB) and BP (BP.) both catching a bid, gaining 1.4% to £13.87 and 2% to 301.6p respectively. BALLY’S BETS ON GAMESYS In ...

A rebound in oil prices after a container ship blocked the Suez Canal helped lift the blue chip benchmark off its lows on Wednesday. By lunchtime, the FTSE 100 was down 0.3% at 6,681.10 having earlier traded as low as 6,681 points after inflation surprisingly fell in February, defying expectations of a rise, with the weak data stoking concerns that persistent lockdowns are weighing on global ...

UK stocks opened lower on Wednesday after inflation surprisingly fell in February, defying expectations of a rise, with the weak data stoking concerns that persistent lockdowns are weighing on global growth. The UK’s inflation rate unexpectedly fell to 0.4% last month, down from 0.7% in January and well below the 0.8% the market was expecting, with the cost of clothing notably ...

It seems we rediscovered the joy of a good book in lockdown and this has helped propel shares in publishing firm Bloomsbury (BMY) to the heights it last enjoyed in the mid-noughties when the Harry Potter craze was at its height. The stock looks inexpensive, meaning there is still time to buy the shares and hopefully see them go up further in value. Bloomsbury is now a more diversified and ...

London’s FTSE 100 finished Friday’s session 1.8% lower at 6,407.5 points after the worst week for markets since October. Wall Street opened in the red, the US market extending its run of losses as the GameStop saga continued. Investors have been rattled by traders on Reddit buying stocks such as GameStop in coordinated attacks against short sellers, while concerns over vaccine ...

By lunchtime on Friday, London’s FTSE 100 was 0.8% lower at 6,474 points with recession fears, problems with the vaccine rollout and ‘message-board led volatility’ from the so-called ‘Reddit revolution’ all weighing on investor sentiment. The dispute between the EU and pharmaceutical giant AstraZeneca (AZN) over its coronavirus vaccine looks no closer to being resolved, something that ...