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(Sharecast News) - Media firm Future said on Thursday that it continued to perform well in the four months ended 31 January, with ongoing momentum in digital advertising more than offsetting exceptional year-on-year comparators in audience and eCommerce.
Future stated trading in the period was in line with expectations, with good conversion to both profit and cash, and underpinned its upgraded full-year outlook, despite continued macro uncertainties and inflationary pressures.
The FTSE 250-listed firm added that its focus on execution and ongoing platform effect was expected to drive further margin progression in 2022 and highlighted that the integration of the recently acquired Dennis business was on track to be completed by the end of March.
Chief executive Zillah Byng-Thorne said: "We are pleased to report the continued growth in the group, with trading in line with the expectations we set at the full-year results, delivering material year-on-year growth despite the inflationary backdrop. Good momentum in digital advertising is being driven by the strength of our trusted content which continues to attract a high value audience making us a partner of choice for advertisers.
"Our diversified strategy positions us well to continue our strong growth momentum and we are pleased to reiterate our recently upgraded guidance for the full year."
20 Sep 2022 17:44
UK stocks at two-week lows as rate worries deepen
Sept 20 (Reuters) - UK's main stock indexes hit two-week lows on Tuesday, bogged down by fears about higher interest rates and their impact on economic growth, ahead of key policy decisions from the U.S. Federal Reserve and Bank of England this week.
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