taylor and francis 30% pre tax profits gain

["Hamaker, Chuck" <cahamake@email.uncc.edu>]

See silicon Investor for the rest of the article. 

Note interest in Reed Elsevier/Academic STM titles.

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http://www.siliconinvestor.com/research/story.gsp?id=1390143&s=H
 
LONDON, March 22 (Reuters) - British academic and scientific publisher
Taylor & Francis Group Plc (TFG) delivered a 30 percent surge in 2000
pre-tax profits on Thursday and reported an encouraging start to the
current year.
 
The company's geographical spread and lack of exposure to falling
advertising revenues have shielded it from the worst of the troubles which
have hit UK media stocks.
 
Taylor & Francis has bought eight companies in the last five years, and
Selvey said it could raise around 55 million pounds to fund further buys.
 
He would also be keen to buy any scientific or technical titles sold off
by Reed Elsevier (REED) and Harcourt General (NYSE:H) to satisfy
competition authorities after their merger.
 
"We'd be ready there to mop them up if they give us potential," he said.
(additional reporting by Mike Elliott)

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