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07 Feb, 2024 10:28 07 Feb, 2024 10:28

Future trades 'broadly in line' with expectations

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Future MetalsSharecast graphic / Josh White

Media business Future said on Wednesday that year-to-date trading had been "broadly in line with expectations", despite seeing a slowdown in digital advertising revenues and pressure from FX swings.

Future said its price comparison unit had been strong in the four months ended January, with good growth in its business-to-business unit, offsetting a softer performance for affiliate products and digital advertising, which it laid at the feet of "continued macroeconomic pressures and low visibility".

The London-listed group also noted that its magazines division had remained "resilient" throughout the period, with its 'Hero brands' outperforming the wider portfolio.

As of 1025 GMT, Future shares were down 3.20% at 695.0p.

Reporting by Iain Gilbert at Sharecast.com


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.