The magic abandoned Bloomsbury Publishing late last night as the publisher of the hugely successful Harry Potter books sneaked out a dire profit warning after the stock market had closed.The company, which has raked in tens of millions of pounds from JK Rowling’s success but does not have a new instalment this year, blamed the collapse in its annual profits on a poor run-up to Christmas and problems selling electronic rights to some of its reference titles.
You can read the full story on Guardian Unlimited Books. The seventh Harry Potter book is likely to be released sometime in 2007, though no official date is set yet.