The Week: Bloomsbury Shares Blooming, But M&S Misses the Mark

Harry Potter is still working his magic on profits at Bloomsbury, but Marks & Spencer fails to pull a rabbit out of the hat

Rodney Hobson 24 May, 2019 | 11:06AM

 

harry potter

Harry Potter was potentially a curse for publishing house Bloomsbury (BMY), as well as a welcome bit of magic. All credit to Bloomsbury for spotting his merits when other publishers had rejected the first manuscript, but there was a danger in the early days of wizardry success that the book publisher was becoming so dependent on JK Rowling’s creation that it was neglecting other authors.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bloomsbury Publishing PLC210.00 GBP0.00
Marks & Spencer Group PLC104.50 GBX-5.64
Ocado Group PLC742.30 MXN5.42

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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