Taylor keeps up hunt for big buys
13 April 2012
SCIENTIFIC books and journals publisher Taylor & Francis is still after large acquisitions, despite its failure to land £1bn worth of takeover deals in Europe over the past year, chief executive David Smith said on Wednesday.
Smaller bolt-on acquisitions helped push pre-tax profits up 8% to £10.1m in the first half. It took advantage of last year's stronger dollar rate but the weaker greenback will hit margins in 2004. Interim dividend is up 10% to 1.6p.
