Proactiveinvestors United Kingdom Future PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Future PLC RSS feed en Mon, 22 Jul 2019 19:25:05 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190719070001_14155425/ Fri, 19 Jul 2019 07:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190719070001_14155425/ <![CDATA[RNS press release - Block Listing Application ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190709115806_14141937/ Tue, 09 Jul 2019 11:58:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190709115806_14141937/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190708074543_14139615/ Mon, 08 Jul 2019 07:45:43 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190708074543_14139615/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190703102413_14134946/ Wed, 03 Jul 2019 10:24:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190703102413_14134946/ <![CDATA[News - Future clocks solid gains after upgrading full year expectations ]]> https://www.proactiveinvestors.co.uk/companies/news/223129/future-clocks-solid-gains-after-upgrading-full-year-expectations-223129.html Shares in Future PLC (LON:FUTR) picked up on Monday after the publishing and media firm issued a bullish trading update.

The FTSE 250-listed group said that positive trends from the first half had continued into the second and, as a consequence, its results for the full year were expected to be “ahead of expectations”.

READ: Future shares surge on back of Mobile Nations acquisition

Future said the strong performance had been driven by good audience growth within its media arm as well as a “strong underlying performance” from recent acquisitions.

The company also announced that its current chief financial officer, Penny Ladkin-Brand, will step down from 1 January 2020 in order to take up the new role of chief strategy officer.

The search for a new CFO had commenced, Future said, with a replacement anticipated to be in place by the end of 2019.

"I am delighted that Penny will remain a part of Future's leadership team, as we continue to deliver our strategy to build a global specialist media platform driven by technology”, said Zillah Byng-Thorne, Future’s chief executive.

"Penny has made a significant contribution to the development of Future over the past four years and has steered the business through a period of substantial growth and progress", the CEO added.

In mid-morning trading, Future shares were 9% higher at 1,056p.

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Mon, 01 Jul 2019 10:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223129/future-clocks-solid-gains-after-upgrading-full-year-expectations-223129.html
<![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190701100716_14131020/ Mon, 01 Jul 2019 10:07:16 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190701100716_14131020/ <![CDATA[RNS press release - Update on current trading and Board change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190701070008_14130271/ Mon, 01 Jul 2019 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190701070008_14130271/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190626080514_14124933/ Wed, 26 Jun 2019 08:05:14 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190626080514_14124933/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190625090650_14123327/ Tue, 25 Jun 2019 09:06:50 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190625090650_14123327/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190617090331_14113092/ Mon, 17 Jun 2019 09:03:31 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190617090331_14113092/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190531170004_14094812/ Fri, 31 May 2019 17:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190531170004_14094812/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190529171909_14091424/ Wed, 29 May 2019 17:19:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190529171909_14091424/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190529171641_14091422/ Wed, 29 May 2019 17:16:41 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190529171641_14091422/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190528142847_14089502/ Tue, 28 May 2019 14:28:47 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190528142847_14089502/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190528090755_14088939/ Tue, 28 May 2019 09:07:55 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190528090755_14088939/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190521083351_14081533/ Tue, 21 May 2019 08:33:51 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190521083351_14081533/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190521083120_14081532/ Tue, 21 May 2019 08:31:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190521083120_14081532/ <![CDATA[News - Media group Future lifts expectations after record-breaking first-half ]]> https://www.proactiveinvestors.co.uk/companies/news/220498/media-group-future-lifts-expectations-after-record-breaking-first-half-220498.html Future PLC (LON:FUTR) shares surged on Friday after the media group enjoyed a record-breaking start to the year and said the momentum had continued into the second half.

Bosses said they now expect full-year results to be ahead of previous forecasts, even while the “backdrop of an uncertain economic outlook remains”.

Shares in Future, which is behind sites such as TechRadar and publishes the popular FourFourTwo magazine, jumped 8% in early deals to 910.4p.

READ: Future surges on back of Mobile Nations acquisition

Revenue doubled to £108.7mln in the six months ended 31 March (H1 18 £53.6mln), while underlying earnings (EBITDA) almost trebled to £23.7mln (H1 18: £8.8mln).

Audience numbers – a key metric for any media business – were also sharply higher, up 188% year-on-year.

Much of that growth was down to a spate of acquisitions over the past year, including that of Purch – the technology platform and publishing group that it bought for £101mln last September.

Magazines have become an ever-decreasing part of the group, with that division now making up less than a third of revenues, with the media arm, home to Future’s portfolio of websites, making up the rest.

Record-breaking half

“We have delivered a record breaking first half of the financial year and the continued execution of our strategy to deliver growth through audience engagement and technology innovation is generating clear value across the business,” said chief executive Zillah Byng-Thorne.

“We have seen the strong momentum continue as we enter the second half of this financial year, with acquisitions performing well and continued positive organic growth in the media division.”

City broker lifts price target

“Future’s shares have seen strong momentum since that start of the year, up 76% year-to-date but this is not without merit,” said Peel Hunt in a note to clients.

“They have delivered a strong trading update followed by a highly accretive acquisition.

“Again, the H1 results have not disappointed."

The broker moved its price target price of 1,110p from 855p and maintained its ‘buy’ recommendation.

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Fri, 17 May 2019 08:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220498/media-group-future-lifts-expectations-after-record-breaking-first-half-220498.html
<![CDATA[RNS press release - Half Year Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190517070003_14077653/ Fri, 17 May 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190517070003_14077653/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190430170001_14058026/ Tue, 30 Apr 2019 17:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190430170001_14058026/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190412090041_14039222/ Fri, 12 Apr 2019 09:00:41 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190412090041_14039222/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190408140755_14032904/ Mon, 08 Apr 2019 14:07:55 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190408140755_14032904/ <![CDATA[RNS press release - Transfer to a Premium Listing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190401070004_14022396/ Mon, 01 Apr 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190401070004_14022396/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190322085749_14012286/ Fri, 22 Mar 2019 08:57:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190322085749_14012286/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190321145403_14011296/ Thu, 21 Mar 2019 14:54:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190321145403_14011296/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190307095012_13993896/ Thu, 07 Mar 2019 09:50:12 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190307095012_13993896/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190306125444_13992629/ Wed, 06 Mar 2019 12:54:44 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190306125444_13992629/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190304114910_13989196/ Mon, 04 Mar 2019 11:49:10 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190304114910_13989196/ <![CDATA[News - Future shares surge on back of Mobile Nations acquisition ]]> https://www.proactiveinvestors.co.uk/companies/news/215615/future-shares-surge-on-back-of-mobile-nations-acquisition-215615.html Future PLC (LON:FUTR) shares surged in lunchtime trading Friday after it acquired US-based publisher Mobile Nations.

The media group it would pay US$55mln in cash and US$5mln in shares for Mobile Nations, a digital publisher focused on consumer electronics, adding that there was also a deferred payment of up US$60mln that would be paid subject to meeting certain financial targets in the year ending 31 March 2020.

READ: Future’s looking bright as publishing group sees jump in audience numbers

Together, the total consideration for Mobile Nations amounted to US$120mln.

Future added that the transaction was expected to be earnings enhancing in the current fiscal year and “materially” enhancing in the first full year after completion.

Mobile Nations, whose publications include Android Central, iMore, Windows Central, and Thrifter, has a monthly audience of around 40mln.

Zillah Byng-Thorne, chief executive of Future, said that the acquisition would “further strengthen” the company’s position in the technology, as well as extending its presence in the US market.

“We already have an established commercial relationship with Mobile Nations through its longstanding partnership with Purch, which we acquired in September 2018. The addition of Mobile Nations' brands will deepen our presence and expand our opportunities to monetise our significant US online audience,” the CEO added.

Shares were up 10.5% at 758p.

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Fri, 01 Mar 2019 12:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215615/future-shares-surge-on-back-of-mobile-nations-acquisition-215615.html
<![CDATA[RNS press release - Notification of Transfer to a Premium Listing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301121325_13987499/ Fri, 01 Mar 2019 12:13:25 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301121325_13987499/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301100114_13987160/ Fri, 01 Mar 2019 10:01:14 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301100114_13987160/ <![CDATA[RNS press release - Acquisition of Mobile Nations ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301070009_13986375/ Fri, 01 Mar 2019 07:00:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190301070009_13986375/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190220133107_13976027/ Wed, 20 Feb 2019 13:31:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190220133107_13976027/ <![CDATA[News - Future’s looking bright as publishing group sees jump in audience numbers ]]> https://www.proactiveinvestors.co.uk/companies/news/214862/futures-looking-bright-as-publishing-group-sees-jump-in-audience-numbers-214862.html Future PLC (LON:FUTR) expects its full-year results to be “significantly ahead” of market expectations as the strong trading it saw in its first quarter has continued into the second.

The news sent shares in the company, which is behind sites such as TechRadar and Gizmodo and which publishes the official PlayStation and Xbox gaming magazines, up by 12.5% to 641.2p.

Over the past year, the stock has more than doubled as Future has continually outperformed expectations and restarted dividend payments to shareholders.

READ: World Cup to boost Future’s earnings

Future said today that it has seen a “positive performance” in audience numbers within the media side of the business.

The growth in popularity has allowed the firm to rake in more from e-commerce and digital display advertising over the first four months of its financial year.

“Whilst a great deal of uncertainty remains from the macro-economic environment in terms of H2 outcome, the strong trading in the first four months of the financial year means that the Board now expects the outcome for the full year to be significantly ahead of market expectations,” read a short but sweet trading update on Tuesday.

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Tue, 19 Feb 2019 08:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214862/futures-looking-bright-as-publishing-group-sees-jump-in-audience-numbers-214862.html
<![CDATA[RNS press release - Trading update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190219070005_13973506/ Tue, 19 Feb 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190219070005_13973506/ <![CDATA[RNS press release - New bank facility ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190214070007_13968780/ Thu, 14 Feb 2019 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190214070007_13968780/ <![CDATA[RNS press release - Capital Markets Day ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190214070003_13968776/ Thu, 14 Feb 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190214070003_13968776/ <![CDATA[RNS press release - Acquires specialist brands from Immediate Media ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190213070004_13967246/ Wed, 13 Feb 2019 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190213070004_13967246/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190207173351_13962427/ Thu, 07 Feb 2019 17:33:51 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190207173351_13962427/ <![CDATA[RNS press release - Result of Annual General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190207112501_13961894/ Thu, 07 Feb 2019 11:25:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190207112501_13961894/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190205160043_13959251/ Tue, 05 Feb 2019 16:00:43 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190205160043_13959251/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190109123932_13929196/ Wed, 09 Jan 2019 12:39:32 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190109123932_13929196/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190104134340_13924570/ Fri, 04 Jan 2019 13:43:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190104134340_13924570/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190102085246_13920559/ Wed, 02 Jan 2019 08:52:46 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20190102085246_13920559/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181213094309_13902513/ Thu, 13 Dec 2018 09:43:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181213094309_13902513/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181210160532_13898167/ Mon, 10 Dec 2018 16:05:32 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181210160532_13898167/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181207103507_13895904/ Fri, 07 Dec 2018 10:35:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181207103507_13895904/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181204113905_13890915/ Tue, 04 Dec 2018 11:39:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181204113905_13890915/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181130164502_13887697/ Fri, 30 Nov 2018 16:45:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181130164502_13887697/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181128152436_13884046/ Wed, 28 Nov 2018 15:24:36 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3485/LSE20181128152436_13884046/