Bloomsbury Share News (BMY)

The archives have an extensive back catalogue of historical documents and photographs. These relate to events such as the Titantic disaster and the Magna Carta, and Bloomsbury will publish new print books, ebooks and iPad apps using material from the archive. Bloomsbury shares were recommended because of its new strategy to "generate value from within" - especially across digital platforms. Indeed, at its update in February, the company said that e-book sales grew eighteen-fold in 2010 from $131,000 (£79,000) to $2.3m. The Telegraph´s Questor team continues to say BUY.Rakesh Kapoor, a company veteran of more than 20 years, will succeed Mr Becht. The outlook for fast-moving consumer goods is strong. Emerging markets are adding millions of new middle-class customers every year and larger players with global brands should be able to capitalise on this. The company tabled a good performance in developing markets in the first quarter, with sales in Asia, Africa, Latin America and eastern Europe more than offsetting weakness in western Europe and North America. (...) Questor downgraded the stance to hold when the (Reckitt) shares were at £32.70 in February. However, these figures have given the detractors pause for thought - especially the like-for-like number - and the shares are once again a buy, says Questor. ab