Future update boosts share price

Shares in FTSE 250 magazine publisher Future (LON:FUTR) have climbed by 7.11% to 1,296p (as of 11:35 BST) after providing an update to markets. The company said that the integration of the recently acquired TI Media was proceeding well and that a number of new website launches had been carried out in recent months. Management have also expanded sales and marketing resources in the US to help expand reach.

CEO Zillah Byng-Thorne commented: “Building on our strong track record of successfully integrating acquisitions, we are pleased that the integration of TI Media is progressing in line with our expectations.

“We remain confident in the long-term opportunity to create value through integrating TI Media’s brands into our unique portfolio and optimising their performance by leveraging our technology platform to build digital presence, introduce new revenue models and capitalise on the opportunity to expand our reach beyond the UK, particularly in the US. Furthermore, the strong Group performance we reported at our half-year results has continued and we remain confident of delivering another year of growth within our portfolio and further strategic progress“.