Future Share News (FUTR)

Future holds annual guidance, but says current market 'mixed'

(Sharecast News) - Shares in specialist media firm Future surged by more than 20% on Friday as it held annual earnings guidance despite volatile markets, and a warning that trading conditions remain mixed.

IN BRIEF: M&C Saatchi swings to loss but new leadership drives change

M&C Saatchi PLC - London-based advertising agency - Net revenue in the six months that ended June 30 declines 7.0% to GBP120.4 million from GBP129.4 million a year before, but M&C Saatchi says within that double-digit-percentage growth in 'Issues' and 'Passions' specialisms show the benefit of its diversification away from traditional advertising. Swings to pretax loss of GBP5.1 million from GBP300,000 profit. On an adjusted basis, pretax profit nearly halves to GBP8.8 million from GBP16.0 million. Net cash falls to GBP15.4 million from GBP39.7 million. Declares no interim dividend, unchanged from a year before. Paid a final dividend for 2022 and intends to adopt a progressive dividend policy in the future.

Future CEO looking to sell B2B operations - report

(Sharecast News) - Future shares surged on Wednesday following a report the media group's new chief executive is looking to sever ties with its business-to-business operations.

UK shareholder meetings calendar - next 7 days

CEO of UK's M&C Saatchi to step down - Sky News

July 23 (Reuters) - The chief executive of British advertising group M&C Saatchi Plc, Moray MacLennan, will retire from the company in the coming months, Sky News reported on Sunday.

LONDON MARKET MIDDAY: Sterling climbs as UK wage growth speeds up

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth.

IN BRIEF: Future PLC shares rise following share buyback announcement

Future PLC - Bath, England-based magazine publisher - Stock price gains for second day in a row, after Future announces on Monday it plans to buy back up to 10% of its shares. The on-market share buyback programme will return up to GBP45 million to shareholders. Future has been a frequent acquirer of media and technology companies in recent years and "has historically prioritised organic and inorganic investment before debt repayment and returning excess cash to shareholders", it says. However, it explains the buyback "will provide greater flexibility to achieve an optimal use of cash to deliver value for shareholders, whilst still maintaining a strong balance sheet."

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Future proposes share buyback of up to £45m

(Sharecast News) - Media group Future rallied on Monday after it announced a proposed share buyback of up to £45m.

IN BRIEF: M&C Saatchi appoints Trustpilot chair as non-executive chair

M&C Saatchi PLC - London-based advertising agency - Appoints Trustpilot Group PLC Chair Zillah Byng-Thorne as independent non-executive chair, effective immediately. This was first announced in late March. Says Byng-Thorne "brings a wealth of experience across media and technology businesses". Notes Byng-Thorne was recently chief executive officer at Future PLC and has served on the boards of Flutter Entertainment PLC, GoCompare.com Ltd and Auto Trader Group PLC.

LONDON BROKER RATINGS: RBC ups Anglo American; Berenberg likes Renew

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

DIRECTOR DEALINGS: New Future CEO buys GBP800,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

European stocks climb on U.S. debt ceiling optimism

German DAX rallies to fresh Jan 2022 highs

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