Bloomsbury: trading "in line" with expectations

<p>Bloomsbury has said trading is &quot;in line with management expectations&quot; as it moves into the busiest trading period of the year.</p><p>In its interim management statement from 1st July to 15th October, the publisher said: &quot;Whilst we are continuing to focus on managing our cost base, we nevertheless have a strong balance sheet and are investing carefully in our future publishing programme.&quot;</p><p>It said it had a cash position of &pound;32.3m at the end of September 2009, which was after it had paid royalties to authors for the six months to 30th June.</p><p>Among the titles Bloomsbury is hoping to succeed during Christmas are those by John Irving, Margaret Atwood, William Boyd, Heston Blumenthal and Ben Schott. It described Amazon&#39;s international launch of the Kindle e-book reader as a &quot;welcome development&quot; although added it was difficult to predict its potential sales.</p><p>During the trading period, Bloomsbury bought law and tax specialist Tottel, which is now known as Bloomsbury Professional, as well as Hodder&#39;s Higher Education textbook lists in Media and Communications, History and English Literature. Its banking and finance reference project Qfinance launched in Doha this month. It also announced a new information resource for the energy<br />industry. Named Energy, the database is due to launch in 2012. </p>