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Pin to quick picksFuture Share News (FUTR)

Share Price Information for Future (FUTR)

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Share Price: 1,012.00
Bid: 1,010.00
Ask: 1,015.00
Change: -20.00 (-1.94%)
Spread: 5.00 (0.495%)
Open: 1,026.00
High: 1,049.00
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SMALL-CAP WINNERS & LOSERS: Wickes outperforms; DFS outlook stark

Thu, 15th Sep 2022 11:55

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Wickes Group PLC, up 7.7% at 124.54 pence, 12-month range 111.1p - 253.8p. Notes its outperformance compared to the wider home improvement market and reaffirms annual profit guidance, despite interim results showing profit is 14% lower year-on-year at GBP33.5 million, from GBP35.7 million in the 26 weeks to July 2. Revenue edges up 1.3% to GBP822.3 million from GBP812.0 million. Raises dividend 71% to 3.6p from 2.1p. "While market volumes have declined, we have made further market share gains and delivered a particularly strong performance in Trade, with an acceleration in the rate of sign-ups to our TradePro membership scheme," says Chief Executive Officer David Wood. Anticipates adjusted pretax profit between GBP72 million and GBP82 million.

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Trustpilot Group PLC , up 6.6% at 68.2p, 12-month range 51.85p-418.81p. The online review platform names Zillah Byng-Thorne as deputy chair and non-executive director from October 1. Byng-Thorne, currently CEO of online media firm Future PLC, steps down with immediate effect from her position as senior independent director of e-commerce retailer THG PLC. Earlier in the week, the firm reported strong interim results, with a double-digit rise in revenue and a narrowed loss.

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Civitas Social Housing PLC, up 4.2% at 78.38p, 12-month range 67.1p-100p. The social housing investor says trading remains robust and in line with management expectations. Buys back GBP10.9 million in shares over the past year, at a discount to prevailing net asset value, which enhances NAV per share by 0.4p.

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SMALL-CAP - LOSERS

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THG PLC, down 14% at 41.99p, 12-month range 37.26p-668.5p. The online retail company cuts annual guidance, now expecting adjusted earnings before interest, tax, depreciation and amortisation to come in at a range of GBP100 million to GBP130 million. Earlier this year, it had been expecting adjusted Ebitda of GBP161 million, in line with the previous year. The downgrade comes despite a narrowed interim loss and a 12% increase in revenue, and is the result of a lower margin due to "adverse macro-economic conditions and a period of unusually high raw material costs".THG also said two non-executive directors are departing and two new ones have been appointed.

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DFS Furniture PLC, down 12% at 119.00p, 12-month range 115p-287.23p. Shares in the sofa seller are hit after it warns that UK furniture market is "challenging" and outlook uncertain. Says order volumes "softened markedly" in the fourth quarter and gives range of trading outlook scenarios. In worst case view, sees profit before tax and brand amortisation around GBP20 million, which would be down sharply from the GBP60.3 million achieved in the financial year ended June 2022. This, in turn, was down from GBP109.2 million the year before that. Shares in online furniture retailer Made.com Group PLC were down 4.8% in a negative read-across.

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By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
10 May 2022 09:27

IN BRIEF: Future buys US lifestyle publisher WhoWhatWear

Future PLC - Bath, England-based magazine publisher - Buys digital-only women's lifestyle publisher WhoWhatWear. The US-based publisher has 12 million online users and 10 million social followers. The acquisition will accelerate Future's scale and revenue opportunities in the US. it says. Future doesn't say how much it is paying but says the acquisition will be funded from existing debt facilities.

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10 May 2022 07:08

Future acquires women's lifestyle publisher WhoWhatWear

(Sharecast News) - Media platform operator Future has acquired US-based women's lifestyle publisher WhoWhatWear from Clique Brands for an undisclosed sum.

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25 Apr 2022 09:38

LONDON BROKER RATINGS: Deutsche Bank cuts National Grid and M&S

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

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5 Apr 2022 16:57

IN BRIEF: Mercantile Investment Trust swings to investment gains

Mercantile Investment Trust PLC - London-based investment company focused on medium and smaller sized companies in the UK - Net asset value per share rises to 277.7 pence at January 31 from 251.0p at the same time the previous year. Gains on investments in the year ended January 31 swings to a profit of GBP228.2 million from a loss of GBP163.3 million the previous year. Pretax return also swings to a profit, rising to GBP265.7 million from a loss of GBP142.9 million in financial 2021. Company increases total dividend for the year by 3.0% to 6.9p.

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24 Mar 2022 10:34

Future buys Whatculture.com and Waive to diversify revenue streams

(Alliance News) - Future PLC on Thursday said it has acquired Whatculture.com, a digital-only entertainment publisher, and Waive, a data insight platform for an undisclosed amount.

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24 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Next lowers annual sales and profit guidance

(Alliance News) - Stock prices in London are seen opening slightly higher on Thursday ahead of the latest PMI figures, as investors keep an eye on developments in Ukraine with the US president holding meetings in Europe.

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24 Mar 2022 07:22

Future acquires WhatCulture.com and Waive

(Sharecast News) - Media company Future revealed on Thursday that it had acquired digital-only entertainment publisher WhatCulture.com data insight platform operator Waive for an undisclosed sum.

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3 Feb 2022 16:34

IN BRIEF: Future CEO Zillah Byng-Thorne buys GBP233,000 in shares

IN BRIEF: Future CEO Zillah Byng-Thorne buys GBP233,000 in shares

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3 Feb 2022 09:54

Future to meet upgraded annual guidance with strong first four months

Future to meet upgraded annual guidance with strong first four months

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3 Feb 2022 07:04

Future experiences ongoing momentum in digital advertising

(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.

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2 Feb 2022 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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28 Jan 2022 09:59

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

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27 Jan 2022 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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6 Jan 2022 16:00

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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15 Dec 2021 15:35

Director dealings: Future CEO and husband sell £7.5m of shares

(Sharecast News) - Future's chief executive officer Zillah Byng-Thorne and her husband enjoyed a more-than-£7.5m payday on Wednesday, selling more than 212,000 shares in the publisher in three transactions.

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