Future up ahead of results

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Future up ahead of results

Shares in FTSE 250 media company Future (LON:FUTR) climbed by 15.96% to 1,686p (as of 13:45 BST) after it reported that adjusted operating profits for the year ending 30th September would be ahead of expectations. Organic traffic for the company’s US and UK sites both rose significantly and the recently acquired TI Media has performed better than forecast.

CEO Zillah Byng-Thorne commented: “We are delighted the strong Group performance has continued, putting Future on track to deliver full-year results materially ahead of expectations. Whilst macro uncertainty remains in light of the pandemic, we are well positioned to benefit from the continued shift to digital media as we grow our global audiences“.

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