In response to the announcement, analysts reviewed their full-year forecasts for Bloomsbury.
“The net impact will be to see forecasts ease for February 2012 but advance for February 2013,” added Malcolm Morgan, an analyst at Peel Hunt.
“We anticipate pre-tax profit for the year to February to settle around £9m – a £400,000 advance for the acquisition and a £700,000 reduction for trading.”
The news came as Bloomsbury announced the £20.1m acquisition of Continuum International, a publishing house with offices in London and New York that specialises in academic and professional titles.
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