Harper Collins Sees a Down Year

Publisher Harper Collins reports a 30 percent drop in profits. “The firm was hit by Sean Connery’s decision last month to scrap plans for an autobiography, and it has also been plagued by rumours of in-fighting among executives, which it strongly denies. Operating profits were down from £15.4 million to £10.7m in the year to June 2004, according to accounts published last week. Turnover was down slightly at £165.5m.”