Waterstones' annual profits jump 80% as buyers loom

Bookseller reports pre-tax profits of £18m, with sale expected to value business at £200m

Waterstones has reported an 80% jump in annual profits, with the bookseller predicting an even brighter future just six years after the rise of the ebook threatened its existence.

Sales in 2017 had been buoyed by the success of children’s books by David Walliams as well as the JK Rowling’s Harry Potter and the Cursed Child. Non-book items such greetings cards, stationery and educational toys have proved a success with browsers and now account for 10% of turnover.

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