Reed shares bounce back

Interlending & Document Supply

ISSN: 0264-1615

Article publication date: 1 June 2004

Citation

(2004), "Reed shares bounce back", Interlending & Document Supply, Vol. 32 No. 2. https://doi.org/10.1108/ilds.2004.12232bab.016

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited


Reed shares bounce back

Reed shares bounce back

Reed’s share price jumped 42.25p to 495.25p during trading on Thursday after it unveiled a rise in operating margin from 23 per cent to 24 per cent for 2003, on flat sales. The share price has yo-yoed between 445p and 492p since mid-December, reflecting market concerns about the challenge from open access publishing. Overall, turnover rose by 1 per cent to £4.9 billion and adjusted operating profit was up 6 per cent to £1.2 billion.

Source: theBookseller.com Informer 20 February 2004