Bloomsbury Warns of Bad Second Half Bloomsbury issued a profit warning after the close of markets in London yesterday, warning investors that earnings for the second half of their fiscal year could be as little as 1 million pounds — or about 16.5 million pounds short of what analysts were expecting. Today the market took its revenge, sending Bloomsbury shares down over 31 percent. What was billed in September as “the strongest autumn programme in our 20-year history” has turned into “lower than expected pre-Christmas sales in the retail trade combined with delays in reference rights sales budgeted for 2006.” […]
