Bloomsbury Publishing (BMY)

Sector:

Media

Index:

FTSE Small Cap

710.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 710.00p
  • 52 Week Low: 381.00p
  • Currency: UK Pounds
  • Shares Issued: 81.61m
  • Volume: 209,287
  • Market Cap: £579.42m
  • RiskGrade: 201

Bloomsbury Publishing buys US publisher for £65m

By Michele Maatouk

Date: Wednesday 29 May 2024

LONDON (ShareCast) - (Sharecast News) - Bloomsbury Publishing said on Wednesday that it has bought The Rowman & Littlefield Publishing Group's academic publishing business for $83m (£65m).
The Harry Potter publisher said this was its biggest acquisition to date and "significantly" accelerates and strengthens its academic publishing in North America and Bloomsbury Digital Resources (BDR).

Founded in the US in 1949, privately-owned Rowman & Littlefield publishes more than 40,000 academic titles. The deal does not include Rowman & Littlefield's Globe Pequot lists (with the exception of the Applause and Backbeat imprints), its trade publishing arm, Sundance-Newbridge, its K-8 education business or National Book Network (NBN).

Bloomsbury chief executive Nigel Newton said: "This acquisition is a game-changer for Bloomsbury. Rowman & Littlefield is one of the few independent US academic publishers of such scale and it is great that our discussions with Jed Lyons have led to this acquisition.

"Their 40,000 academic titles added to ours will make us a significant US academic publisher, growing Bloomsbury's academic and digital publishing presence in North America, opening new markets and publishing areas to Bloomsbury, and is a key milestone in the delivery of our long-term growth strategy.

"Following the exceptional performance in our consumer division in our recently announced preliminary results, the acquisition accelerates our non-consumer division, underlining our portfolio of portfolios strategy."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BMY Market Data

Currency UK Pounds
Share Price 710.00p
Change Today 30.00p
% Change 4.41 %
52 Week High 710.00p
52 Week Low 381.00p
Volume 209,287
Shares Issued 81.61m
Market Cap £579.42m
RiskGrade 201

BMY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.47% below the market average62.47% below the market average62.47% below the market average62.47% below the market average62.47% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Price Trend
94.15% above the market average94.15% above the market average94.15% above the market average94.15% above the market average94.15% above the market average
95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average
Income
17.66% below the market average17.66% below the market average17.66% below the market average17.66% below the market average17.66% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
80.37% above the market average80.37% above the market average80.37% above the market average80.37% above the market average80.37% above the market average
72.09% above the sector average72.09% above the sector average72.09% above the sector average72.09% above the sector average72.09% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
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BMY Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Jul-24 02-Nov-23
Paid 23-Aug-24 01-Dec-23
Amount 10.99p 3.70p

Trades for 12-Jul-2024

Time Volume / Share Price
13:18 40,000 @ 686.00p
13:53 5,262 @ 680.00p
16:35 22,282 @ 710.00p
16:35 1 @ 710.00p
16:35 69 @ 710.00p

BMY Key Personnel

CEO Nigel Newton

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