(ANI): London based publishing house Bloomsbury is hoping that
Harry Potter author JK Rowling will weave some more magic with her
latest work. Nigel Newton had founded the company in 1986, and its
growth over the past few years has mainly been because of the
Potter books, Mirror reported.
But now the publishers are facing a big dent in sales without
any new adventures of the boy wizard. The company is banking on
Rowling's new book, 'Tales of Beedle the Bard', which they hope
will be a big hit for Christmas when it is released in
Bloomsbury's profits fell by almost a fifth to 42m pounds in the
first six months of the year, but cost cutting and a lower tax bill
meant profits rose six per cent to 3.5m pounds.