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Shares in Bloomsbury fell more than 11% yesterday, after "cautious outlook comments" in the publisher's full year results showed decreasing confidence in the "visibility of earnings".
The share price opened at 124p yesterday morning, and fell to 113p, a total decline of 11.37%. According to FT.com, this is the lowest level for a year, and a fall of 31.52% over the 12 months.
Reuters quotes analyst Numis Securities as saying although the results were better than expected - a profit of £11.6m, ahead of the broker's £10.5m estimate - this was tempered by the company's warning that sales might be lower "in the later part of 2009 than in 2008".
Numis is recommending investors "hold" as a result of general caution on consumer-facing media.