Two more smaller companies, one on AIM the other the Main Market, announced takeover bids this week. Should the deal go through, which seems highly likely, it will certainly be a shame to see AIM lose one of its largest companies and biggest dividend payers. Elsewhere, profit warnings from two AIM companies covered here saw their shares sink, one has been a particularly poor performer over a long period, although that hasn’t stopped management being handsomely rewarded! Read on here for our forthright assessment on this and other news, including another positive trading update from a well-regarded publisher and a new candidate for our Bonkers Bargain series.
Bloomsbury: trading ahead again
Bloomsbury Publishing (LSE: BMY), the Harry Potter publisher, continues to trade well, with revenue and profit for its financial year ending 29 February 2024 now expected to be well ahead of previous expectations – these were previously for revenue of £274.2m and adjusted profit before tax of £32.9m.
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