7 December 2023 - trading update

Although it is only a few weeks since the company announced its interim results, the independent publishing group has issued a further trading update, confirming that both revenues and profits are expected to be comfortably ahead of market expectations for the year ending 29 February 2024.  The group's consumer division has seen exceptionally strong trading, with books by Sarah J. Maas seeing very strong demand.  The non-consumer business continues to trade in line with expectations.  We suggested buying the shares at 400p in the September issue of cityconfidential to take advantage of a . . .

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