Quercus said in an interim trading update that “sales in the final quarter were lower than expected” and the company now expects “a significant trading loss for the financial year.” The news was a particular surprise since their half-year results reported in September showed a profit of £0.52 million and the company said “we have one of our strongest-ever publishing programs in the second half of this year.” As a result, the publisher’s shares have fallen by almost 50 percent, down 25 pence to 28.5 pence a share. Quercus said it “is in constructive discussions, which are on-going, with its […]
